Coca-Cola Amatil scouts out Indonesia for startup investments

Australian soft drink giant Coca-Cola Amatil sees Indonesia as an emerging start-up hotspot and is looking to invest in tech companies in the country ahead of an expected spike in interest triggered by the recent signing of a free-trade deal.

The ASX-listed company launched its venture capital program Amatil X a year ago, putting aside $10 million to invest in companies with ideas to deliver, sell and sustainably pack its products better, and become money makers in their own right.

Indonesian start-up Go-Jek was recently valued at $US10 billion. Credit:Kemal Jufri

On Wednesday the company will launch a program in Jakarta to extend its search, working with a local startup accelerator to connect with local entrepreneurs and scout out potential investments.

CCA’s group director of partners and growth, Chris Sullivan, said the company saw Jakarta as becoming the biggest startup hub in South East Asia.


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