
Investments
21Portfolio Exits
5Partners & Customers
3About 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.
Emtek Group Headquarter Location
Jl. Asia Afrika Lot 19
Jakarta, 10270,
Indonesia
+62 21 7278 2066
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Latest Emtek Group News
Jun 17, 2022
Vidio, an Indonesian over-the-top video platform, has raised $45 million in funding from a subsidiary of Sinar Mas Group, a subsidiary of the Southeast Asian super app Grab, and a subsidiary of the local football club Bali United. The deal follows Vidio’s $150 million funding round from Affinity Equity Partners last year, which valued the company at $900 million. Vidio has yet to respond to a question from Tech in Asia about whether the new transaction has increased the company’s valuation to more than $1 billion. Vidio, which was launched in 2014, has over 1 million on-demand videos, including exclusive sports and entertainment content. It has 61 million monthly active users on average. Surya Citra Media, a subsidiary of local conglomerate Emtek Group, owns the platform, which signed a strategic partnership with Grab last year. Emtek’s managing director, Sutanto Hartono, is also the CEO of Vidio’s parent company. Vidio said in a statement that it will work with its investors, which include cellular data provider Smartfren and fibre optics provider MyRepublic, both of which are owned by Sinar Mas Group. “This investment sets the milestone for continuous collaboration between Sinar Mas Group and Emtek Group,” said Daniel Cahya , director of Sinar Mas Group subsidiary Dian Swastatika Sentosa.
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 6, 2022.
Emtek Group Investments Activity
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 | 3 | |
3/29/2022 | Seed VC | TipTip | $10M | Yes | 3 | |
1/17/2022 | Seed VC | |||||
1/3/2022 | Series A |
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 | ||
Amount | $10.5M | $7M | $10M | ||
New? | Yes | Yes | Yes | ||
Co-Investors | |||||
Sources | 3 | 3 | 3 |
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 | 3 | |||
Date | 3/18/2022 | ||||
---|---|---|---|---|---|
Exit | Reverse Merger | ||||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 3 |
Emtek Group Acquisitions
3 Acquisitions
Emtek Group acquired 3 companies. Their latest acquisition was Bank Fama on November 06, 2021.
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 |
---|---|---|---|---|---|---|
11/6/2021 | Other | $69.94M | Corporate Majority | 1 | ||
5/15/2017 | ||||||
1/26/2017 |
Date | 11/6/2021 | 5/15/2017 | 1/26/2017 |
---|---|---|---|
Investment Stage | Other | ||
Companies | |||
Valuation | |||
Total Funding | $69.94M | ||
Note | Corporate Majority | ||
Sources | 1 |
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 | ||||
4/13/2017 | Partner |
Date | 11/23/2018 | 4/17/2017 | 4/13/2017 |
---|---|---|---|
Type | Partner | Partner | Partner |
Business Partner | |||
Country | Indonesia | ||
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 . | ||
Sources | 1 |
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 | |
Sutanto Hartono | Chief Operating Officer, Managing Director | Current | |
Adrian Anwar | BBM Messenger, Kartuku, and Microsoft | Senior Vice President | Current |
Laode Hartanto | Senior Vice President | Former |
Name | Alvin Widarta Sariaatmadja | Sutanto Hartono | Adrian Anwar | Laode Hartanto |
---|---|---|---|---|
Work History | BBM Messenger, Kartuku, and Microsoft | |||
Title | President | Chief Operating Officer, Managing Director | Senior Vice President | Senior Vice President |
Status | Current | Current | Current | Former |
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