Donald Wihardja is the CEO of MDI Ventures, the corporate venture capital arm of Telkom Indonesia. See sector focus and contact routes.
Donald Wihardja is the CEO of MDI Ventures, the corporate venture capital arm of Telkom Indonesia, where he leads the largest SOE-backed VC firm in Indonesia with over 20 years of experience as a technology entrepreneur, operator, and investor. MDI Ventures invests across all stages from Seed to Series C and beyond, primarily in Southeast Asia but with a global mandate, focusing on technology companies that connect startup innovations with Indonesia’s state-owned enterprise ecosystem. The firm manages a total fund of $790 million, including a new $500 million allocation from PT Telkom, and has invested in 44 startups across 12 countries since 2016. While specific check sizes and lead/follow behavior are not publicly detailed, MDI has backed three unicorns in its portfolio, indicating significant capital deployment in high-growth ventures. Notable portfolio companies include TaniHub, which later faced a corruption case involving Wihardja’s alleged involvement in permitting an unlawful $5 million investment by BRI Ventures in 2023. Wihardja has publicly emphasized that data is the “fuel” for digital companies, arguing that startups must leverage customer data t
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