Indonesian venture Salt kicks off $20m fundraiser

New money to target retail sector in hope of catching COVID rebound

20210218 Jakarta

Salt sees the next boom after COVID in retail, such as food and beverage. © Reuters

ARDI WIRDANA, DealStreetAsia

JAKARTA -- Indonesian early-stage investor Salt Ventures has kicked off a roadshow to raise capital for its second fund, targeting a corpus of $20 million.

Salt partner Danny Sutradewa said the company launched the fund in 2021 and has already received commitments, but is in no rush to close the fund. "We usually give ourselves a period of around one-and-a-half to two years to close the fund," he said.

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