New angel tribe: Rise of the founder-investor

With Edward Tirtanata, CEO and co-founder, Kopi Kenangan

Darius Cheung, CEO,

Weihan Liew, Venture Partner, GGV Capital

Rajive Keshup, Director, Cathay Innovation (moderator)

There has been a noticeable surge in founders of mature startups doubling up as angel investors and cashing in on the region’s vibrant entrepreneurial ecosystem. In Indonesia, SE Asia’s largest market, founders are backing their own tribe to give back to the ecosystem and to capitalise on the unmissable growth opportunity that the region presents. 

Indonesia is also attracting angel investment from Indian founders, who are seeking opportunities in the SE Asian country based on their learnings back home. The reasons are not too far to seek – the internet economy in Southeast Asia is expected to touch $300 billion by 2025, per the Google-Temasek-Bain report.

This session will explore how active angel investors straddle both roles – of founders and investors – effectively. . We will ask our panelists what drives them to angel investing – financial returns, brag rights, or fostering the region’s ecosystem, or all the above. 

Our panelist Edward Tirtananta, the co-founder of Kopi Kenangan, has injected capital in as many as six tech startups including GudangAda, Otoklix, Klinik Pintar, BukuKas. Darius Cheung, co-founder/CEO at, has made over 10 investments and scored three exits.

Meanwhile, Weihan Liew is a serial technology entrepreneur in SE Asia having founded and successfully exited companies in the media and gaming space. Before joining GGV, Weihan started Indonesian mobile news app BaBe. He is also the founder of Main Games, the largest management platform for gaming live streamers in Indonesia.

 The panel moderator Rajive Keshup is a Director at Cathay Innovation, a $1.5-billion global venture capital fund (part of Cathay Capital). The firm’s notable investments in the region include Finaccel, Coherent, Igloo Insuretech and KaiOS. Prior to this role, Keshup has been a founder, operator, and strategy consultant based out of New York City.