MDI Ventures

Founded in 2015, MDI has backed more than 90 companies across 12 countries and has US$830 million in total committed assets under management.

Former MDI Ventures CEO Donald Wihardja got five years in prison, while former BRI Ventures CEO Nicko Widjaja was sentenced to three years.

TaniFund, an affiliate lender of TaniHub, lost its license in May 2024 due to regulatory issues.

The total disputed investment amounts to around US$25 million.

MDI Ventures is a venture capital firm owned by a state-owned Indonesian bank, highlighting its significance.

The seized land in Bandung spans 4,700 square meters and is valued at over Rp60 billion.

MDI Ventures tells Tech in Asia that it supports the ongoing legal process.

For the first time in six years, Indonesia did not produce any new unicorns in 2024.

The Singapore-headquartered digital health provider has also raised new funds in a round led by Raffles Family Office.

Grab, SoftBank, and MDI Ventures now serve as minority shareholders of Good Doctor after this investment.