MDI Ventures, the venture capital arm of Telkom Group, has reaffirmed its dedication to investing in startups that generate tangible economic, social, and environmental benefits. This commitment was underscored through the release of eight impact reports highlighting the contributions of its portfolio companies in essential sectors such as education, healthcare, aquaculture, and fintech.

Focus on Sustainable and Impactful Investments

MDI Ventures employs a thesis-driven strategy to ensure its investments target startups that not only offer financial returns but also aim to create positive environmental and social impacts. CEO Donald Wihardja stated, "As a strategic venture capital focusing on creating businesses with positive values, MDI Ventures implements a thesis-driven strategy to ensure that our investments go to startups that not only generate financial gains but also those that have a positive environmental and social impact that benefits society."

Portfolio Companies Driving Positive Change

The impact reports feature several notable startups:

• Aruna: A pioneering company in the agritech sector, Aruna has transformed Indonesia's fisheries management. By connecting over 55,000 fishermen across 150 locations, Aruna has increased production, exports, and fishermen's incomes up to threefold. The company is also committed to environmental conservation initiatives, including waste management, coral reef restoration, and mangrove replanting.
• SwipeRx: Operating in the healthcare sector, SwipeRx has significantly improved access to healthcare services in Southeast Asia, particularly in Indonesia. Through its digital platform, the company has impacted approximately 144 million patients by engaging pharmacists in community activities and sales, and by executing 12 public sector projects across seven healthcare areas.
• KoinWorks: As a leader in peer-to-peer lending, KoinWorks has provided over $1.6 billion in essential financial support to more than 900,000 micro, small, and medium enterprises (MSMEs) throughout Indonesia. This initiative has enhanced financial inclusion, particularly for low-income communities, strengthened women-led businesses, and generated employment opportunities. KoinWorks is also dedicated to financial education and digital literacy, contributing to Indonesia's digital economy.

Commitment to Environmental, Social, and Governance (ESG) Principles

The publication of these impact reports aligns with Telkom Indonesia's GoZero% initiative, which represents an enhancement of its previous environmental, social, and governance (ESG) programs. Through GoZero%, Telkom aims to foster a future grounded in ESG and sustainable business practices. Fajrin Rasyid, Telkom's Chief Digital Innovation Officer, emphasized, "The three impact reports launched by MDI Ventures reflect Telkom’s commitment to a solid plan for long-term sustainability and under ESG principles. We will continue playing our role in shaping a sustainable digital ecosystem, and one way to do this is by supporting startups through MDI Ventures, a part of the TelkomGroup."

MDI Ventures' dedication to transparency and tangible impact in its investments remains a priority. The firm plans to continue publishing comprehensive impact reports, showcasing various companies within its portfolio and reinforcing its commitment to ESG principles. In 2024, MDI Ventures aims to apply its comprehensive impact methodology to all of its investments, building on the success of the highlighted enterprises.