Select Portfolio Companies
PT Matahari Putra Prima Tbk
Established in 1986, PT Matahari Putra Prima Tbk (“MPPA”) has successfully become a prominent modern retailer in Indonesia. The divestment of non-core assets at the end of 2012, poised MPPA to focus on its core FMCG modern retail business in order to capture and serve the large potential consumer market. Today MPPA has become a shopping destination and successfully operates 175 stores across Indonesia supported by its own extensive distribution network.
MPPA’s strategy to becoming a multi-format FMCG operator continued to unfold. In 2015, strategic Hypermart locations were remodeled to the new concept as well as new stores being built following this new concept. MPPA also launched Primo premium supermarket, FMX convenience store concept and revamped Boston Health & Beauty format.
MPPA made great strides at addressing its long term positioning with the most critical change being the implementation and switch to the cost method of inventory measurement technique in the 3rd quarter of 2016. This milestone was positioned to address the final obstacle impacting comparable sales which was the pricing factor, that was addressed in 2017 with the launch of its pricing strategy. It also placed MPPA in a position to better understand the profitability of its assortment thus enabling long term margin management/control at the SKU level while simultaneously addressing the pricing matters.
Within the continued, challenging market condition and increased competitive environment in 2018, MPPA aligned its retail business strategy. It reaffirmed its key focus toward consumer retailing through its Hypermart and Foodmart formats, and reduced its exposure from the large, unprofitable B2B business. The key focus strategy is supported by new competitive pricing on daily basic necessity products, while MPPA continues its cost efficiency efforts on all expenses, inventory management and more efficient store formats.
MPPA’s focus toward consumer retailing continued in 2019. In addition to the relaunching of Hypermart, Primo and Foodmart stores adapted to market condition and consumers’ needs, MPPA also strengthened its retail role by launching Hyfresh, a community- supermarket concept, with arrays of daily household products being offered at competitive prices in the market.
In the midst of Covid-19 pandemic, the Company started to strengthen and develop its Offline to Online (O2O) online business in 2020 through its Hypermart Online e-commerce platform and the launch of Chat & Shop by Whatsapp which is supported by Park & Pickup and BELLA (Single National Whatsapp Number) features, as well as started its collaboration with several leading marketplace operators such as Grabmart, Shopee and Tokopedia. Pursuing its focus to enlarge its O2O business in 2021, the Company continued to strengthen its all online business platform sustainably with further development of its organic online business, Hypermart Online and Chat & Shop, and expanded its collaborations with more leading marketplaces. This is also supported by the expanding usage of digital payments such as GoPay, OVO, Shopee Pay and QRIS national system accessible from various mobile banking applications and other digital payment systems.
Venturra is a Southeast Asia focused venture capital firm investing in early stage high-growth businesses. Our firm’s primary investment focus is in internet companies that are ready to expand internationally, in sectors including e-commerce, financial technology, marketplaces, healthcare and education.
We believe in empowering outstanding entrepreneurs in creating the next defining technology companies across Asia. We back founders that have the dream to reshape markets with disruptive new business models that change industries.
With our own experience in building companies, our knowledge in scaling, and our connections to make success happen: we strive to be the partner of choice for entrepreneurs with the biggest ambitions. We want to create an edge for the companies we work with, so that we achieve a lasting impact with our partnership.
PT Multipolar Technology Tbk
PT Multipolar Technology Tbk (MLPT) is a trusted partner in the planning, design, and development of innovative digital technology and business transformation with experience since 1975. MLPT has strong competence and experience in the areas of Hybrid Infrastructure Strategy and Planning, Customer Platforms & Services, Digital Insights, Business Solutions Platforms & Services, Hybrid Integration Platforms & Services, Hybrid Infrastructure Platforms & Services, and Security Platforms & Services, including services from its subsidiary – IT Managed Services through PT Visionet Data Internasional (VDI). Since July 8, 2013, MLPT has been listed on the Indonesia Stock Exchange. It is a trusted partner of global technology companies such as Cisco, Dell, Google, HPE, IBM, Lenovo, Microsoft, NCR, Nutanix, Oracle, and VMware. MLPT is also an ISO-certified company. For more information, visit www.multipolar.com and follow our social media on Twitter @MultipolarTech, Instagram @multipolartechnology, LinkedIn and Facebook as PT Multipolar Technology Tbk, YouTube as Multipolar Technology, Spotify on the TechLign Podcast.
PT Matahari Department Store Tbk
Matahari has a deep legacy in Indonesian retail. Beginning its journey on October 24, 1958 with the opening of its first outlet, a children’s fashion store in Jakarta, Matahari went on to open Indonesia’s first modern department store in 1972. Since then, Matahari has established itself as a truly national brand. Supported by around 30,000 employees (including consignment staff) and 600 local and as well as international suppliers, Matahari currently has 147 stores in 81 cities across Indonesia as well as online presence on matahari.com, social commerce platform “Shop & Talk”, and third-party marketplaces.
Luno is a crypto asset platform that operates in Indonesia, Malaysia, South Africa, and other emerging markets. Established in 2013, Luno set out to empower billions of people across the world by upgrading them to a more open, efficient, and inclusive financial system. Luno operates a platform that makes crypto assets such as Bitcoin and Ethereum easily accessible to everyone. Luno obtained an official registration certificate from Bappebti (Indonesian crypto regulator) in 2020.
PT Bank Nationalnobu Tbk
PT Bank Nationalnobu Tbk (Nobu Bank) is a National Private Foreign Exchange Commercial Bank that provides quality banking products and services that meet the needs of the community. Along with the rapid development of the digital banking era, Nobu Bank strives to stand on par with other digital banking players by presenting digital services equipped with various features that suit the needs of today’s society who need convenience and security in transacting wherever they are. Through mobile banking, internet banking, server-based money, ATM, virtual debit, virtual accounts and various other services, Nobu Bank wants to provide added value for customers in facilitating banking transactions, anytime and anywhere.
PT Ciptadana Capital
Founded by Irene and Catherine Hambali in 1990, Ciptadana has marked more than a quarter of a century of helping people build their businesses, protect their assets and increase their wealth.
Ciptadana, through its key subsidiaries, provides a wide-ranging, innovative, personalized range of financial services and products, covering securities brokerage, asset management, investment banking and multifinance.
PT Multi Prima Sejahtera Tbk (MPS) was established for the first time under the name PT Lippo Champion Glory in 1982, and then in 2001, MPS experienced several changes, including the change in the company’s name to PT Multi Prima Sejahtera Tbk.
The main activities of MPS are producing and distributing, and selling “spark plugs” under the “Champion” trademark, a license originated from Federal Mogul Ignition LLC. United States of America. Based on the Articles of Association of the Company, the scope of activities of the Company includes the following:
- Industrial activity for spark plugs and motor vehicle accessory parts.
- Carrying out large trading activities of machinery, equipment and other paraphernalia.
- Carrying out plant farming and plant breeding activities.
- Carrying out other professional, scientific, and technical activities.
- Carrying out holding companies activities.
PT Brilliant Ecommerce Berjaya
Mbiz is a web-based e-procurement solution platform that provides robust tools for corporation/organization to better manage supplies and vendor management, control transactions and sourcing, and ensure effective management of spend on products and services.
We assist our large-medium enterprises in Indonesia, and share the best practice in digital procurement transformation, to help our business partners in achieving; efficiency, transparency, cost saving, and improvement of procurement process overall.
Mbiz manages two platforms; www.mbiz.co.id and www.mbizmarket.co.id which have been strengthened with various features in e-procurement solutions such as budget control, approval process, ordering and fulfilment tracking, payment and spend reporting, all in one platform.
We are a coffee, experience and lifestyle brand; focused on creating an experience, a relationship, a bond, a lifestyle and community.
Our passion is to fulfill our friendships with our guests, by bringing them memorable, engaging and rewarding coffee-drinking experiences through human connection, sensory appeal and a warm & friendly environment that ultimately reassures them that they truly are ‘a guest in our home’ at Maxx Coffee.
PT First Media Tbk
Since 2007, First Media has changed its name from Kabelvision into First Media. First Media has define itself as integrated telecommunication and multimedia services pioneer in Indonesia with its Triple Play concept, which is pay television service, high speed broadband wireless internet access and data communication service over digital telecommunication network.
In 2022, First Media sold all of its shares in PT Link Net Tbk to Axiata Investments (Indonesia) Sdn. Bhd. and PT XL Axiata Tbk. Currently, FM focuses on Media and Content Creation. BeritaSatu Media Holdings, a subsidiary of FM, has been rebranded to B Universe, which engages in the omnichannel/multiplatform concept as a means of adaptation to the dynamics of the movement of the media business which is currently consumed in various ways, from conventional platforms to digital and social media platforms. Another FM subsidiary, First Media Production has 3 business unit divisions, such as production, post-production, and events.
Visionet Data Internasional
Previously known as PT Visionet Internasional when it was established in 2004, PT Visionet Data Internasional (VDI) offers Total Business Process Managed Services.
VDI’s business procedures carry the following certifications:
- Certificate of ISO 9001:2015 – Quality Management System for Electronic Draft Capture (EDC) Operation; Maintenance Services Desktop, Server, Network (DNS) Operation; Maintenance Services Information Technology (IT) Operations; and Contact Center Services.
- Certificate of ISO 20000-1:2018 – Service Management System of PT Visionet Data Internasional to provision Data Center Operation, Infrastructure and Application managed Service support to external customers.
- Certificate of ISO 27001:2013 – Information Security Management System (ISMS) for Data Center Management; System Server Managed Services; and Network Managed Services.
