LIVE
///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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Init 6VC
Jakarta| Est. 2020
VC
Founded early 2020 by Bukalapak co-founders after leaving the company. 14-29 portfolio companies. Backs technical founders with passion to solve big problems. Also offers venture debt for capital-efficient growth.
StageSeed
TicketUndisclosed
StatusActive
Investment Thesis
Init 6 is an early-stage startup fund founded by Achmad Zaky and Nugroho Herucahyono (Xinuc), both Bukalapak co-founders. Focus on technical founders solving big problems. Industry agnostic but primarily invests in Indonesia. Team of 4 including 3 partners and 1 venture partner. Also provides venture debt to help companies grow efficiently without additional equity dilution.
Operating Model
- 01Technical founder focus
- 02Product-first approach
- 03Venture debt offerings
- 041-on-1 office hours with founders
- 05East Ventures co-investments
Verified Deal Flow (2019-2025)
| Startup | Date | Stage | Amount | Sector |
|---|---|---|---|---|
| Gently | Feb 2024 | Seed | US$ 2.47M | Commerce |
| FLIK | Jan 2023 | Pre-Seed | US$ 1.1M | Fintech |
| Imajin | Jan 2023 | Seed | US$ 809K | Manufacturing |
| FLIK | Dec 2022 | Pre-seed | US$ 1.1M | Fintech |
| Monit | Feb 2022 | Seed | Undisclosed | Fintech |
Data Integrity Check
We maintain this database with quarterly audits. If you spot incorrect information regarding this fund, please submit a correction to keep the map accurate.