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Emtek Group company logo
Corporation
COMPUTER HARDWARE & SERVICES
emtek.co.id

Investments

21

Portfolio Exits

5

Partners & Customers

3

About Emtek Group

PT Elang Mahkota Teknologi (the Emtek Group), a company originally focused on providing personal computer services, the Emtek Group has evolved into a modern, integrated group of companies with three main business divisions: Media, Telecommunications and IT Solutions, and Connectivity. The Media Division consists of two free-to-air (FTA) television channels. SCTV is one of Indonesia's leading nationwide free-to-air channels with audiences in excess of 160 million viewers in more than 240 cities across the country. The Jakarta-based O Channel provides free-to-air lifestyle and entertainment programming for the capital.

Headquarters Location

Jl. Asia Afrika Lot 19

Jakarta, 10270,

Indonesia

+62 21 7278 2066

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Expert Collections containing Emtek Group

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find Emtek Group in 1 Expert Collection, including Fintech.

F

Fintech

12,502 items

Excludes US-based companies

Latest Emtek Group News

Superbank, Amartha team up for women-focused working capital loans

Nov 9, 2023

Thursday, Aug 3, 2023 Share to: Superbank , the Indonesia-based digital bank backed by Emtek Group, Grab, and Singtel, has announced a strategic partnership with peer-to-peer lending firm Amartha . With this partnership, Superbank aims to provide working capital loans to more than 1 million women microentrepreneurs served by Amartha. Both companies also look to combine their tech assets and expertise to simplify the loan application process, said Julie Fauzie , Amartha’s chief funding officer. Previously, Superbank collaborated with consumer finance firm Home Credit to provide working capital loans that the latter distributed. According to the Ministry of Cooperatives and SMEs, Indonesia currently has 64 million MSMEs , contributing up to 60% of its gross domestic product. Around half of these MSMEs are led by women. To date, Amartha has disbursed over US$800 million in working capital loans to 1.6 million SMEs in Indonesia, majority of which are led by women. In June, it raised US$100 million in debt financing from US-based Community Investment Management. Superbank, previously known as Bank Fama, was acquired by Emtek Group in 2021. A few months later, Grab and Singtel bought minority shares in Superbank for US$70 million.

Emtek Group Investments

21 Investments

Emtek Group has made 21 investments. Their latest investment was in AMILI as part of their Series A on June 15, 2022.

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Emtek Group Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

6/15/2022

Series A

AMILI

$10.5M

Yes

3

6/6/2022

Series A

Mangkokku

$7M

Yes

Alpha JWC Ventures, and Cakra Ventures

3

3/29/2022

Seed VC

TipTip

$10M

Yes

4

1/17/2022

Seed VC

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$99M

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10

1/3/2022

Series A

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$99M

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10

Date

6/15/2022

6/6/2022

3/29/2022

1/17/2022

1/3/2022

Round

Series A

Series A

Seed VC

Seed VC

Series A

Company

AMILI

Mangkokku

TipTip

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Amount

$10.5M

$7M

$10M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Alpha JWC Ventures, and Cakra Ventures

Sources

3

3

4

10

10

Emtek Group Portfolio Exits

5 Portfolio Exits

Emtek Group has 5 portfolio exits. Their latest portfolio exit was PropertyGuru on March 18, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

3/18/2022

Reverse Merger

$99M

3

12/2/2021

Reverse Merger

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$99M

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10

8/6/2021

IPO

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$99M

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10

10/9/2020

Shareholder Liquidity

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$99M

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10

2/13/2017

Acquired

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$99M

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10

Date

3/18/2022

12/2/2021

8/6/2021

10/9/2020

2/13/2017

Exit

Reverse Merger

Reverse Merger

IPO

Shareholder Liquidity

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

3

10

10

10

10

Emtek Group Acquisitions

2 Acquisitions

Emtek Group acquired 2 companies. Their latest acquisition was Espay on May 15, 2017.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

5/15/2017

$99M

Corporate Majority

1

1/26/2017

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$99M

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10

Date

5/15/2017

1/26/2017

Investment Stage

Companies

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Valuation

$99M

$99M

Total Funding

Note

Corporate Majority

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Sources

1

10

Emtek Group Partners & Customers

3 Partners and customers

Emtek Group has 3 strategic partners and customers. Emtek Group recently partnered with Qareer Group Asia on November 11, 2018.

Date

Type

Business Partner

Country

News Snippet

Sources

11/23/2018

Partner

Indonesia

Qareer Group Asia Announces 153 Billion Rupiah Funding from Emtek Group

Veronika Linardi , Qareer Group Asia CEO , said this funding is the beginning of a long-term partnership with Emtek Group .

1

4/17/2017

Partner

Indonesia

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10

4/13/2017

Partner

China

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10

Date

11/23/2018

4/17/2017

4/13/2017

Type

Partner

Partner

Partner

Business Partner

Country

Indonesia

Indonesia

China

News Snippet

Qareer Group Asia Announces 153 Billion Rupiah Funding from Emtek Group

Veronika Linardi , Qareer Group Asia CEO , said this funding is the beginning of a long-term partnership with Emtek Group .

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Sources

1

10

10

Emtek Group Team

4 Team Members

Emtek Group has 4 team members, including current President, Alvin Widarta Sariaatmadja.

Name

Work History

Title

Status

Alvin Widarta Sariaatmadja

President

Current

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Name

Alvin Widarta Sariaatmadja

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Work History

Title

President

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Status

Current

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