Korea Investment Partners Adds Portfolio in Indonesian Startups

By Editorial Team 11/08/2023
startup business
Summary

Korea Investment Partners (KIP) recently took part in a seed funding round for the supply chain startup Baskit.

DealStreetAsia reported Baskit secured US$3.3 million in funding from KIP, Betatron Venture Group, Forge Ventures, Investible, 1982 Ventures, DS/X Ventures, Orvel Ventures, Michael Sampoerna, and various angel investors.

Sources with knowledge of this funding revealed that KIP injected US$500,000 in fresh capital. KIP also invested in several Indonesian startups, including CekAja, Halodoc, and Qraved.

This active engagement has prompted KIP to create a dedicated fund with the aim of nurturing startups across Southeast Asia.

While KIP has already been involved in backing startups in Europe, the United States, and Israel, its sphere of influence is now broadening to encompass Southeast Asia.

In this region, KIP seeks to contribute to diverse sectors such as consumer tech, fintech, online media, healthtech, and industrial tech.

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