Telkomsel Mitra Inovasi

What Telkomsel Mitra Inovasi does

Telkomsel Mitra Inovasi, operating commercially as Telkomsel Ventures, is the corporate venture capital arm of Telkomsel — Indonesia's largest telecommunications operator — and was established in 2019 to deploy strategic equity capital into Indonesian and Southeast Asian technology startups. The firm invests across three stated verticals: Digital Lifestyle (technologies transforming how people live, work, and connect), Digital Enablement (solutions enhancing data, accessibility, and digital capabilities), and Emerging Technologies (AI and IoT innovations). Its named portfolio spans 11+ companies across digital health (Halodoc, with over 20 million monthly users), esports (EVOS Esports), supply chain visibility (Roambee), edtech (Inspigo, Sekolahmu), smart city technology (Qlue), Islamic fashion e-commerce (Evermos), low-code development (Feedloop), digital identity (Privy ID), data-centric AI (Tictag), and aquaculture technology (Delos).

The firm's core platform combines direct equity investment with the TINC (Telkomsel Innovation Center) accelerator program, launched in March 2024 in partnership with AppWorks. TINC provides mentorship, workshops, POC development, and direct business matching with Telkomsel's corporate units, and has empowered over 45 startups, reviewed more than 1,600 applications, and facilitated 35+ collaboration use cases. In November 2023 the entity rebranded from Telkomsel Mitra Inovasi to Telkomsel Ventures to reflect its expanded role beyond innovation scouting into broader venture capital activity. The firm is headquartered at Telkom Landmark Tower in South Jakarta, operates with 11–50 employees, and is led by CEO Pramudi Irawan.

Telkomsel Ventures generates value through two primary mechanisms: investment returns from equity stakes in early- and growth-stage startups, and strategic value creation through portfolio integration with Telkomsel's telecommunications, distribution, and enterprise channels. As a wholly-owned corporate venture capital subsidiary, it does not charge external fund management fees, sell standalone products, or monetize the TINC program commercially — value accrues to Telkomsel via strategic optionality, market intelligence, and equity upside. Marketing and deal sourcing are conducted primarily through LinkedIn, Instagram, the firm's website (telkomsel.vc), and event participation. The firm has not raised external capital, has no public shareholders, and reports no standalone revenue or AUM in the available source material.

Name

Telkomsel Mitra Inovasi

Legal name

Telkomsel Mitra Inovasi

Website

https://telkomsel.vc

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

11–50 employees

Short description

Telkomsel Mitra Inovasi (operating as Telkomsel Ventures) is the corporate venture capital arm of Telkomsel, Indonesia's largest telecom operator. It invests in Indonesian and Southeast Asian tech startups across digital lifestyle, digital enablement, and emerging technology, while operating the TINC accelerator with AppWorks.

Ownership category

akta.pro rank

Product category

Venture Capital and Startup Acceleration

NAICS

Computer Systems Design and Related Services (54151)

SIC

Services-Management Consulting Services (8742)

akta.pro primary industry

Industry-/Sector-Specialist TMCs (e.g., Energy, Pharma, Maritime) (THACAAAC)

Keywords

• Corporate venture capital
• Startup accelerator program
• Venture capital investments
• Startup mentorship
• Strategic investment funding

Headquarters

HQ city

Jakarta

HQ country

Indonesia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D

Revenue model

1. Investment Returns: Generates returns through equity investments in early-stage and growth-stage Indonesian technology startups, providing capital gains and strategic value creation for parent company Telkomsel
2. Strategic Value Creation: Accelerating innovation through collaboration between Telkomsel's ecosystem and portfolio startups, creating strategic synergies and market expansion opportunities

Distribution channels1 record

Marketing channels5 records

Core offering

Telkomsel Mitra Inovasi (TMI), operating as Telkomsel Ventures, is the corporate venture capital arm of Telkomsel. It invests in early-stage and growth-stage startups, both domestically and internationally, and runs the TINC (Telkomsel Innovation Center) accelerator program in partnership with AppWorks to support portfolio companies with mentorship, capital, and access to Telkomsel's ecosystem.

Product overview

Telkomsel Mitra Inovasi (rebranded to Telkomsel Ventures) is the corporate venture capital arm of Telkomsel. The company operates primarily as an investment and accelerator entity rather than a product company. Its main offerings include the TINC Accelerator Program (a collaboration with AppWorks) that supports over 45 startups with mentorship, proof-of-concept development, and access to Telkomsel's ecosystem; and direct startup investment services focusing on Digital Lifestyle, Digital Enablement, and Emerging Technologies. The company does not develop or sell its own standalone software products or SaaS offerings.

Differentiator

Problem solved

Functional benefit

Brands

• TINC: Telkomsel Innovation Center - a collaborative accelerator program connecting startup innovation with Telkomsel's ecosystem, developed in partnership with AppWorks. Empowers over 45+ startups through mentorship, POC development, and market access.

Products and services

• TINC Accelerator Program (Telkomsel Innovation Center)
• Corporate Venture Capital Investments

Quantifiable outcome

• Over 20 million monthly users reached by Halodoc, portfolio company
• +3 more outcomes

Named customers11 records

Segments5 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered flagship and minor.

• AppWorksflagshipStrategic or Co-development Partner · 7 March 2024Telkomsel Ventures partnered with AppWorks to launch TINC (Telkomsel Innovation Center), a new accelerator program designed to develop innovative solutions for Indonesian startups. The collaboration aims to connect startup innovation with Telkomsel's ecosystem, fostering mutual growth through mentorship, workshops, and POC development.
• MekariminorOthersJojonomic, a TINC alumni company, was acquired by Mekari to enhance its digital solutions in Indonesia. Jojonomic's no-code platform enables businesses to create customized applications.
• Bank Syariah IndonesiaminorStrategic or Co-development PartnerBank Syariah Indonesia partnered with Qasir.id (TINC alumni) to improve funding access for Indonesia's micro, small, and medium enterprises (UMKM), combining digital solutions and financing services.
• ReyminorStrategic or Co-development PartnerTelkomsel teamed up with health insurtech company Rey to introduce 'Teman' series digital health protection solution for corporate employees, combining connectivity with healthcare.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• MDI Ventures: Corporate venture arm of Telkom Indonesia (Telkomsel's parent), making it the most direct comparable - a telco CVC investing in Indonesian/SEA startups with similar strategic mandate and ecosystem access.
• East Ventures: One of Indonesia's largest and most active early-stage VCs, investing across sectors with similar focus on the Indonesian digital ecosystem. Competes directly for the same founders and deals as TMI/Telkomsel Ventures.
• AC Ventures: Leading Indonesia-focused early-stage VC firm investing in tech startups across SEA, directly comparable in stage, geography, and sector focus to TMI's portfolio strategy.
• Openspace Ventures: SEA-focused early and growth-stage VC investing in Indonesian startups, comparable in regional scope, sector breadth, and stage to TMI's investment thesis.
• AppWorks: TMI's TINC accelerator partner and one of Taiwan/SEA's longest-running accelerators with a similar early-stage, ecosystem-driven model. Comparable as a co-investor and accelerator operator.
• Wavemaker Partners: SEA and US-focused early/growth-stage VC with deep Indonesia presence, investing across similar sectors and stages to TMI's portfolio companies.

Broad incumbents

• GDP Venture: Indonesian corporate-affiliated VC (backed by Djarum Group) investing in digital/tech startups across SEA; comparable in mandate and Indonesia focus, with broader corporate backing similar to TMI's telco parent.

Emerging players

• 500 Global: Global VC and accelerator with significant Southeast Asia presence, including Indonesia. Comparable as an early-stage investor/accelerator, though broader geographic and stage scope than TMI.
• Plug and Play: Global accelerator and corporate venture platform with SEA operations; comparable as an accelerator operator and corporate-ecosystem connector, though operates at a larger global scale than TMI.

Regional players

• Gobi Partners: Pan-Asian VC with strong SEA footprint investing in early to growth-stage tech startups. Comparable in regional scope and stage focus, with similar appetite for digital lifestyle and emerging tech investments.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/tselinvestments
• Instagraminstagram.com/telkomselmitrainovasi

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments17 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Telkomsel Mitra Inovasi