Earth’s Apocalypse is Increasingly Real, This Startup is Selling Well at RI Tech – 14 hours ago

Jakarta, CNBC Indonesia – The problem of climate change is real and can impact millions of populations on Earth. It is not surprising that startups in this industry sell well in Indonesia.

Chairman of the Indonesian Venture Capital Association (Amvesindo) Eddi Danusaputro said that there is a new sector that investors have recently become interested in. The sector deals with climate, its impacts, and energy technology.

The popularity of this sector is due to changes and increasing demand for needs. Startups that offer solutions to the problem of climate change are considered increasingly crucial.

Apart from climate startups which are becoming the favorites, there are several startups which are considered more resilient than other sectors.

“Examples might be fintech, agritech, because they relate to daily needs,” said Eddi in the Profit program on CNBC Indonesia.

From an investor’s perspective, he sees that in the third quarter of 2023 there will be greater funding activity than in the first half of this year.

“It cannot be denied that there was a decline in the first semester, many factors increased capital costs, there was war, and so on. Only dry powder is still a large fund of US$15 billion,” he said.

However, there are times when investors have to be selective in investing in what sectors and startups. According to him, this has started to be done now.

“So in terms of sectors, we are more selective,” he concluded.

[Gambas:Video CNBC]

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