Telkomsel Ventures

Telkomsel Ventures is the corporate venture capital arm of Telkomsel, Indonesia's largest mobile network operator. Originally launched as Telkomsel Mitra Inovasi (TMI) and rebranded as Telkomsel Ventures in 2023, it is a wholly owned subsidiary headquartered in the Telkom Landmark Tower in Jakarta. Its first vehicle was a roughly $40M fund formed in collaboration with sister fund MDI Ventures (Telkom) and Singtel Innov8, and it has since closed a second fund of more than $40M to deepen its support of Indonesia's startup ecosystem. The firm invests in young, promising companies aligned with Telkomsel's strategic priorities, digital lifestyle, digital enablement and emerging technologies, and looks for businesses advancing the connected society and the network that powers it, spanning devices, content, commerce, data and cloud. Active sectors include communication technology, agritech, edtech, healthtech, media and entertainment, fintech and IoT, and it typically invests from seed through Series B, backing around five to seven startups per year while leveraging Telkomsel's ecosystem, assets and expertise, and is willing to lead. It also runs the TINC accelerator, including a program with AppWorks. Across roughly 14 tracked investments, its portfolio includes Halodoc, EVOS Esports, EdenFarm, Feedloop, Roambee, Qlue, Inspigo and Sekolahmu; its most recent tracked deal was leading the funding of AI data-labeling startup Tictag in July 2024. The team of around nine to eleven is led on the investment side by Chief Investment Officer Aditya Vendy Pradana. By pairing capital with the reach of Indonesia's largest mobile operator, Telkomsel Ventures backs the country's digital ecosystem.