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///LATE STAGE • Sociolla • US$ 250M • Commerce///POLICY • Gold Export Duties: Progressive Reference-Price Ladder Kicks In///SERIES A • Hangry • US$ 10.5M • F&B///POLICY • Coal Export Tax 2026: Indonesia Signals a New Resource-Rent Phase///SERIES B • Honest • Undisclosed • Fintech///POLICY • Export FX Repatriation: Proceeds Routed Through State Banks From 2026///SEED • Arummi Foods • US$ 2M • F&B///POLICY • OJK POJK 4/2025: Financial Aggregators Move Into a Licensing Regime///PRE-SEED • IDRX • US$ 300k • Web3///POLICY • Finfluencer Rules: OJK Tightens Conduct Around Securities Marketing///SERIES C • Yup • US$ 32M • Fintech///POLICY • Dormant Accounts: New Standardization Changes Bank Data and Ops///LATE STAGE • Sociolla • US$ 250M • Commerce///POLICY • Gold Export Duties: Progressive Reference-Price Ladder Kicks In///SERIES A • Hangry • US$ 10.5M • F&B///POLICY • Coal Export Tax 2026: Indonesia Signals a New Resource-Rent Phase///SERIES B • Honest • Undisclosed • Fintech///POLICY • Export FX Repatriation: Proceeds Routed Through State Banks From 2026///SEED • Arummi Foods • US$ 2M • F&B///POLICY • OJK POJK 4/2025: Financial Aggregators Move Into a Licensing Regime///PRE-SEED • IDRX • US$ 300k • Web3///POLICY • Finfluencer Rules: OJK Tightens Conduct Around Securities Marketing///SERIES C • Yup • US$ 32M • Fintech///POLICY • Dormant Accounts: New Standardization Changes Bank Data and Ops
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GDP Venture
Venture Builder

Jakarta| Est. N/D

Venture builder (not traditional VC) of Djarum Group. Founded 2010 by CEO Martin Hartono (son of Robert Budi Hartono, Indonesia's richest person). Portfolio: Blibli (IPO 2022), Kaskus, Kumparan, Tiket.com.

StageSeed
TicketUndisclosed (strategic)
StatusActive

Investment Thesis

GDP Venture (Global Digital Prima Venture) is the venture builder arm of the Djarum Group, founded 2010 by Martin Hartono, son of Robert Budi Hartono (Indonesia's richest person, $47B net worth from Djarum tobacco + BCA stake). Functions as venture builder focusing on digital communities, media, commerce, and solution companies rather than traditional VC. Merah Putih incubator operates under GDP Venture. Latest investment: Kumparan (Oct 2024).

Operating Model

  • 01Venture building (not passive investing)
  • 02Long-term ecosystem play
  • 03Community-first approach
  • 04Merah Putih incubator

Notable Investments

Blibli KaskusKumparanTiket.com DailySocialQlue

Verified Deal Flow (2019-2025)

StartupDateStageAmountSector
ProspekuAug 2021SeedUndisclosedProptech
Kata.aiJan 2021Series BUS$ 8MSaaS / AI

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