BRI Ventures to Launch a New Fund "Sembrani Kiqani", Targeting D2C Sector
Aside from consumer brands with a D2C business model, this fund also targets the blockchain industry
After launching the Sembrani Nusantara Venture Fund last year which focuses on early-stage startups funding, BRI Ventures (BVI) is to launch another investment vehicle named "Sembrani Kiqani".It is still targeting the early-stage startups, but rather focuses on consumer brands targeting the direct-to-consumer (D2C) sector.
BVI's CEO, Nicko Widjaja, in his opening remarks at the BRI Ventures Networking Day (23/11) mentioned the potential of the D2C sector growth in Indonesia for the fashion, F&B, and beauty segment. He said, this sector is capable to drive the current industry, especially amidst the economic recovery from the Covid-19 pandemic.
Marcel Lukman, owner of one of the well-known retail groups 707company, also one of the Partners at Sembrani Kiqani said that apart from D2C, this managed fund is also targeting the blockchain industry and its derivatives related to cryptocurrencies. BVI alone is planning to strengthen its investment to develop the crypto ecosystem in the country.
Already have an account? Login
Not ready to subscribe yet? Purchase and access this article
Subscribe to keep reading and get unlimited premium article access with all subscription benefit
Subscribe and get:
- Access to premium article
- Download paid research
- Premium newsletter
- Ads free
Choose your subscription period:
Rp 150,000 /month
Pay for a month
- Rp 450,000
Rp 350,000 /quarter
Pay for 3 months
- Rp 1,800,000
Rp 1,033,000 /year
Pay for a year
Sign up for our
newsletter