Indonesia’s Only Venture Capital Firm Secures $75 Million Fund Amidst Tech Winter

In a significant development within the tech investment landscape, Indonesia's sole venture capital firm, Makara Capital, has successfully closed a $75 million fund during an exceptionally challenging period commonly referred to as the "tech winter." This funding milestone is particularly noteworthy, considering the current economic climate that has seen a tightening in venture capital due to rising interest rates and an evolving investors' environment.

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