A Rp 50 billion (US$3.4 million) minimum capital requirement imposed by the Financial Services Authority (OJK) has proven to be a tall order for many venture capital companies (VCs) in Indonesia and is one of several regulatory problems believed to be holding back investors from putting money into the country’s burgeoning digital economy.
Image: Apps of Indonesia's six unicorns are displayed on a screen on Aug. 3, 2021. The six are ride-hailing company Gojek, e-wallet OVO, online travel agency Traveloka, logistics company J&T Express as well as e-commerce platforms Tokopedia and Bukalapak.(JP/Norman Harsono) This article was published in thejakartapost.com with the title "Indonesia’s venture capital progress hinges on new rules".
