Merah Putih Fund

Merah Putih Fund (MPF) is Indonesia's first venture capital fund established to support the growth of local soonicorns—startups poised to become unicorns. Launched in December 2021, the fund is backed by a consortium of five state-owned enterprises (BUMN) and aims to enhance the digital economy in Indonesia. With an initial fund size of approximately $300 million, MPF focuses on growth-stage startups, providing not only capital but also business collaboration and exit assistance. The fund's unique structure allows it to integrate portfolio companies into the broader BUMN ecosystem, facilitating their growth and potential IPOs on the Indonesia Stock Exchange.

Merah Putih Fund provides unique value to its portfolio companies through direct integration with the distribution networks of its state-owned enterprise partners. This structural advantage accelerates revenue scaling within Indonesia and offers support for IPOs aligned with the Indonesia Stock Exchange (IDX), creating a domestic exit pathway for startups.