Forbes Indonesia Magazine - March 2019

In this issue

In 2015, three young Indonesian professionals with vast experience in the realm of finance got together and set up Alpha JWC Ventures, an investment company that focuses on technology-based start-ups. The rest, as it is I often said, is history. Well, not quite—four years on it continues to embark on its already illustrious journey and is set to become a formidable business force.
A venture capital company, Alpha JWC Ventures has been doing well and all signs show it promises to be doing even better in the future. No less noteworthy is the founders’ sense of glowing optimism as they extend the company’s reach beyond national borders to, in more recent times, Vietnam. And they have the numbers – and the right ecosystem—on which to base their upbeat sentiment.
With a population of 260 million people and as the region’s largest online retail market, Indonesia is in the crosshairs of private investors. It is estimated there will be over 139 million internet users by 2022 and that members of the middle- and upper-class over the next five years will rise from 63 to 128 million.