Indonesian CVC Mandiri Capital disbursed $94m in funding in last seven years

Indonesian CVC Mandiri Capital disbursed $94m in funding in last seven years

(Left to right) Mandiri Capital's CFO Rino Bernando, and Dennis Pratistha; interim CEO

Indonesian state lender Bank Mandiri’s corporate venture capital (CVC) arm PT Mandiri Capital Indonesia (MCI) — a backer of prominent startups such as GoTo and Bukalapak — has disbursed 1.4 trillion rupiah ($93.94 million) across  22 portfolio startups since its inception in 2015, a top executive said.

“The growth is amazing, we recorded an MOIC [multiple on invested capital] of around 3.5 times [over the last seven years],” said Dennis Pratistha, MCI’s interim CEO, in an interaction with DealStreetAsia.

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