find out how we Craft Our Events to be the best investment for your time
We hand-pick speakers through rigorous due diligence, ensuring a high-quality & unbiased experience. Take away insights from people who have their feet on the ground and have achieved meaningful results!
We constantly ask ourselves how can our esteemed audience get insights that aren’t available anywhere else. Our team ploughs throughs thousands of relevant data points & hundreds of reports before crafting every session.
Each year we bring together the top leaders, the movers and shakers of the private capital market in the related geographies & relevant sectors under an exclusive, premium event setting that facilitates deep connections.
7.55am – 8.55am | Registration & Morning Networking
9.00am – 9.15am | Welcome Note
GoTo Group undertook a massive leadership shakeup in June 2023 that saw Northstar Group managing partner Patrick Walujo taking over as the new CEO. In the driver’s seat, Walujo is widely expected to prepare the Indonesia-listed tech giant for a faster move toward profitability and an eventual US public offering.
After assuming charge, Walujo’s main focus has been on cost-cutting measures, driving synergies, and shutting down non-core divisions. In a landmark deal, GoTo agreed to sell a 75.01% stake in its e-commerce division Tokopedia to TikTok — the ByteDance-owned short video app whose social commerce business, TikTok Shop, was shuttered in September following a ban on social commerce. TikTok has committed to invest over $1.5 billion into the enlarged Tokopedia.
In the keynote chat at the summit, Patrick Walujo, who is also an early investor in Gojek, will dwell on the challenges of managing heated competition from rivals, on one hand, and investor expectations on the other.
GoTo CEO also wears the hat of Co-Founder and Co-Managing Partner of the Northstar Group, a Singapore headquartered private equity and venture capital firm.
Since its founding in 2003, the Northstar Group has raised five private equity funds and a venture capital fund and is now one of the largest private investors in Southeast Asia. The Northstar Group focuses on Indonesia with a current strategy of investing in the financial services, consumer and digital economy sectors.
Despite the current global economic uncertainties, Indonesia remains an attractive investment destination due to its size, rapid economic growth, and relatively supportive regulations. Furthermore, as digital adoption cuts across new-age and mainstream sectors, new business models are emerging that enable the structural shifts between online and offline to provide consumers access to goods and services.
Is there a case for deeper private capital play in Indonesia despite a challenging exit landscape? What is the outlook for private equity, impact investment and private credit strategies?
In this LP-GP panel, we will also explore the trajectory of capital allocations to promising markets in SE Asia, especially Indonesia.
Overseas institutional investors and strategic players are looking at direct investments as they pursue returns in a challenging macroeconomic environment. However, capital allocations in diverse markets in SE Asia are not without their challenges. Do scalability challenges and an under-developed exit environment make Indonesia a patient capital play? With ample opportunities in infrastructure, consumer and digital economy, is Indonesia a compelling bet despite the challenges?
10.35am – 11.00am | Networking & Coffee Break
Venture capital funding in Southeast Asia has plunged to levels not seen in many years. Startups in SE Asia sealed 151 deals in the third quarter of 2023, marking the lowest quarterly deal volume in nearly three years, according to DealStreetAsia DATA VANTAGE’s Q3 report.
In this session, we will bring you full-year data-led insights on the startup fundraising performance, funding trends across quarters, sectors and countries, deal volume and value across funding stages, median and average deal value across stages, investor perspectives, and more. Has fundraising hit the rock bottom in SE Asia? Will 2024 spell a bounceback in deal trends?
Agriculture, forestry, and fishing contributed 12.4% to Indonesia’s GDP in 2022, making it the third largest industry after manufacturing and trade. Despite its significance, the sector poses various challenges including a lack of consistent and quality produce, paucity of credit availability, unstable demand, as well as price fluctuations that adversely impact farmers’ income.
Buoyed by opportunities for tech-based disintermediation, the sector saw many a startup scale and raise big-ticket capital even as investors bet on the potential of the sunrise sector. However, the sector has been facing a strain following the waning of demand post-pandemic and challenges related to fresh produce distribution. How will agri and aquatech companies sharpen their strategies to tackle unstable demand and price volatility? While the sector received notable funding and saw the minting of a unicorn in 2023, how are investors watching the evolution of companies in this sector that is marked by unpredictability and scalability challenges?
12.35pm – 1.30pm | Networking Lunch
1.30pm – 1.45pm | Keynote address : Transforming Indonesia’s State-Owned Enterprises: A Vision for the Future
1.45pm – 2.05pm | Fireside chat
In conversation with Pandu Sjahrir, Managing Partner, Indies Capital Partners; Founding Partner, AC Ventures; Vice President Director, TBS Energi
Indonesia’s huge market size, large unbanked and underbanked population coupled with internet penetration means there is an enormous opportunity across various verticals within the the fintech industry to flourish. Despite challenges, some of the models that are in the spotlight include P2P lending, B2B fintech payments, virtual credit cards, and BNPL among others. On the funding side, the fintech industry in SE Asia remained the most popular vertical in the third quarter, but deal volume fell to a five-year low. Wealthtech remained the most popular fintech category followed by e-payment and fintech lending. What are some of the white spaces that will be standout niches in Indonesian fintech? How are operators navigating regulatory constraints, scalability challenges, and user acquisition amid the overall funding winter? Is consolidation the way forward?
Following our most successful debut Climate Tech and ESG Summit track at the Asia PE-VC Summit 2023 in Singapore, we continue to build on this theme in SE Asia’s top market. In a focus session, we will deep-dive into top ESG and climate tech investing trends and data; the balancing of impact investments with returns; the pressing need to fast-track the net-zero journey and the importance of due diligence to measure outcomes.
Per DealStreetAsia’s latest report, Singapore continued to be the frontrunner in venture capital activity in Southeast Asia’s climate tech sector, with startups in the city-state closing 59 transactions, accounting for 58% of all equity and debt funding deals this year. Surprisingly, Indonesia overtook Singapore in funding proceeds, with a 47% share of the total private capital flowing to climate tech.
Furthermore, SE Asia has also seen a spate of sustainability funds that are targeting investment opportunities in the sunrise sector. How are fund managers viewing the investment potential in Indonesia from the climate tech and ESG lens? Which are the hot-button niches that will likely draw capital?
3.45pm – 4.10 pm | Networking coffee break
SE Asia’s largest consumer market coupled with the demand for capital to fuel a plethora of sectors including consumption-led themes, healthcare, retail, financial services, and among others, means that Indonesia presents a long runway of investment opportunities for venture capital and private equity investors. Despite signs of e-commerce growth slowing down, the country’s consumer retail or direct-to-consumer sector continues to see momentum and investor interest. Given Indonesia’s favourable demographics, rising income levels and per capita, the consumption story is likely to deliver strong investment potential despite growth and scalability challenges. What are the business models that will achieve broader distribution reach? How will startups compete with incumbents who have greater access to resources, and a lower cost base?
Indonesia is set to become a global hub for electric vehicles (EVs) with its abundant nickel reserves. Over the past few years, the government has been introducing various incentives to lure investments and develop the local EV supply chain.
Indonesia aims to reduce emissions by 31.89% in 2030 and achieve net zero emissions by 2060. The switch to EVs can help the country reach this goal. The country aims to have 400,000 units of electric cars in 2025 and 5.7 million units in 2035. Investments form a crucial part of how the EV sector’s development and adoption will evolve in Indonesia.
Will Indonesia continue to attract investments from global carmakers looking to set up a base in the country? How will the country solve the various pain points in the EV journey from policy bottlenecks to execution challenges to customer adoption? How will Indonesia balance EV sector growth and the adverse impact of nickel mining?
Artificial Intelligence (AI) is still in its early stages of development in Indonesia and Southeast Asia, with the majority of AI investments currently concentrated in Singapore. However, as AI technology advances globally, governments in the major economies of the region are recognizing its crucial role in the economy. While Singapore launched its National AI strategy in 2019, Indonesia also introduced its National AI Strategy (Stranas KA) 2020-2045, laying the groundwork for AI growth in the country.
From cybersecurity to customer services, AI is already being implemented in various sectors to improve efficiency and boost productivity. However, similar to many other emerging technologies, AI development faces potential challenges, including an unsupportive environment and a lack of awareness and readiness among the Indonesian population to adopt this technology.
In this panel, DealStreetAsia will delve into the opportunities and challenges of AI in Indonesia and Southeast Asia, featuring insights from industry experts.
6.30pm – 8.15pm | Networking Canapes & Cocktails
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FROM OUR PAST ATTENDEES
“It looks like a very great turnout, met a lot of friends. Also both in the panel as well as on the audience. I think this type of events is very good to also promote Indonesia, Indonesia, markets on multiple scenarios. I just spoke about the AV industry in Indonesia as well. So this is a great!”
“DealStreetAsia is a great platform to invite some investors to come into Indonesia for the healthcare system, we invited two kinds of important things, one is the startup model of healthcare. And the second one is biotechnology model surfaces in Indonesia. So hopefully the DealStreetAsia forum will be interested in having some investors come to Indonesia, thank you.”
“Way beyond my expectations in terms of participants and the lineup of speakers and panelists, and so forth, if I may give any sort of positive feedback is, it’s good to meet people. Maybe the venue is a little bit too small, but it’s good because then we were forced to meet and mingle and network and exchange business cards and talk business and so forth. So continue DealStreetAsia… continue doing the good work.”
“It looks like there’s a very diverse group of audience and participants and whatever, which means it’s been very fruitful, productive, holistic conversations taking place. In terms of the session programming, I think, I mean, obviously, we were part of the session that was covering ESG. So this is something that’s going to just become more and more important over time.
It’d be nice to see more and more of that kind of topics throughout, overall, I think it’s been a great summit and all the participants so far that I’ve met and spoken to have been very high caliber have been very diverse, as I mentioned before, so it’s been really, really productive time for us to be participating in this.”
“On the content-wise, I think things have changed over the last two years. So the topics that were touched upon about alternative financing I thought was really great to give it a rethink about how we should always be doing the right things, i.e. always aim to get profitable in good times and in bad times.
I think we have lost that message over the last couple of years, this is a great reminder and hopefully this will become the constant consideration for many companies.”
“This conference is very unique, because people actually want to sit down and listen to all the speakers. But that’s because the level of speakers and the caliber of speakers that you guys have brought on here, actually have a lot of value, and have actually been giving tremendous insight into kind of where Indonesia is going to head in the next couple of years, particularly in terms of startup ecosystem, private equity ecosystem, venture capital ecosystem.
And so I think the amount of network that I’ve been able to just meet this well, what they’re well worth a trip here.”
“There’s a lot of high quality speakers. And actually a very good topic. And good research by Joji in the beginning, I think this is a good way to start the year. I really do wish DealStreetAsia to always bring consistent, high quality product to market.”
“This is the first offline conference after the pandemic hit. So my expectation is that we are going to meet a lot of interesting people, exchange ideas with DealStreetAsia and I learned that there are 800 participants in this conference. I’m very pleased that this looks like a highly successful event.”
