KB Investment said that the Centauri fund, jointly run by KB Investment and MDI Ventures, an investment firm affiliated with Telkom, will collect $150 million by recruiting additional investors. A signing ceremony was held on December 9 at Telkom headquarters in Jakarta.
Investments will be made from the first quarter of next year, targeting start-ups with innovative technologies. Each investment will be between $1 million and $5 million. The two companies plan to actively support the growth of startups in a market with weak infrastructure through various collaborations.
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