MPC Becomes PT Multipolar's New Identity, Sharpens Investment Focus on the Digital Industry

PT Multipolar Tbk (MLPL), a company that focuses on investment in the technology, retail, financial and digital sectors belonging to the Lippo Group announces its new identity "MPC" as well as the transformation of the company's strategy to sharpen the focus on the digital economy. This transformation process is also a form of increasing the company's commitment to support and accelerate the growth of the digital economy in Indonesia.

According to the “e-Conomy SEA 2021” report compiled by Google, Temasek, and Bain & Co, the value of Indonesia's digital economy is predicted to reach $70 billion in 2021. The same report also predicts that Indonesia's digital economy will continue to grow to a value of $330 billion. by 2030, making Indonesia one of the largest digital economic centers in the world.

Adrian Suherman as Group CEO of MPC revealed that the company has actually started its transformation into the technology sector since 2015 through strategic investments in various technology startups such as OVO, Sociolla, and Ruangguru through various stages of funding, either directly or through Venturer, one of MPC's portfolio companies.

Over the past few years Multipolar has invested in and operated a digital business portfolio in Indonesia and Southeast Asia through Venturra Capital. One of their portfolios is Car, marketplace a used car that this year officially gets the status unicorns -- Venturra is leading their Series A funding. To date, MPC has invested in more than 50 technology companies in Indonesia.

"The MPC transformation also reinforces the company's trust and commitment to being able to embrace more local and regional startups that have the capacity to empower and bring tangible benefits to more Indonesians," added Adrian.

Investment strategy and targets

In a virtual conference, Adrian also outlined the four main pillars that the company uses to realize the company's vision of empowering more future technology companies.

First, the company will remain focused on funding early stage startup and advanced stages. In the next few years, the Indonesian capital market is predicted to be dominated by technology companies. "We will also participate in pre-IPO and IPO markets by Indonesian technology companies," he added.

In addition, the company is also on track to help digitize portfolio companies, as well as increase its role as the local partner of choice for global technology companies. On this occasion, MPC also announced two j with two well-known global companies.

Together with Ping An, bring service p2p loansLight which provides fast loan funds (cash loans). Then together Luno introducing a crypto asset transaction platform for the people of Indonesia.

Entering the end of 2021, MPC also shared the company's investment plans going forward. The company is known to be boosting new investments in futuristic areas. With various sectors with great potential to grow in 2022, the company is focusing on four main sectors, namely retail, technology, healthcare and digital banking.

In evaluating, building, developing, and funding various technology companies, MPC is also supported by a board of directors with extensive experience. Apart from Adrian Suherman, several names are familiar in the investment world, such as Rudy Ramawy, Fendi Santoso, Jerry Goei, and Agus Arismunandar who previously held various leadership positions in companies such as Google Indonesia, Northstar Group, AT Kearney, OVO, and Accenture.

As an entity that has also been listed on the IDX exchange, Multipolar is known to have five business categories. First, consumer retail consisting of PT Matahari Putra Prima Tbk (MPPA), PT Matahari Department Store Tbk (LPPF), Timezone, Books & Beyond. Second, telecommunications consists of PT Link Net Tbk (LINK), PT First Media Tbk (KBLV), PT Graha Teknologi Nusantara (GTN).

Third, financial services consist of PT Bank Nationalnobu Tbk (NOBU), Ciptadana, and Sharestar Indonesia. Fourth, media, digital, and technology consist of PT Multipolar Technology Tbk (MLPT), VisioNet, Berita Satu Media Holdings, MBiz, Venturra, dDV, and OVO. Fifth, the industry consists of Champion, PT Walsin Lippo Industries, and NPI Mall Management.