MDI Ventures, the venture capital arm of part of Telkom Indonesia, has released impact reports highlighting the social and environmental contributions made by three of its portfolio startups, namely healthtech startup SwipeRx, peer-to-peer platform Koinworks and fishery company Aruna.
SwipeRx, which operates in the pharmacy industry, has impacted more than 144 million patients by involving pharmacies in community and sales activities, as well as carrying out 12 public projects in 7 health sectors.
The next impact was created by Koinworks. The P2P lending startup has supported $1.6 billion to more than 900,000 MSMe as an initiative in financial inclusion and significantly facilitates people who have difficulty accessing banking, and also open job opportunities.
Aruna, meanwhile, has been successful in empowering local fishermen to triple its partners revenue, generating over 5,000 jobs, and decreasing reliance on middlemen.
Telkom Group Chief Digital Innovation Officer Muhamad Fajrin Rasyid explained that the three impact reports, which were produced in partnership with consulting firm Accenture, reflect the commitment of Telkom to the sustainability roadmap in accordance with the ESG principles.
“We contribute to building a sustainable digital ecosystem through the MDI Ventures startup portfolio as a capital venture unit under TelkomGroup,” Rasyid said.
According to MDI Ventures CEO Donald Wihardja, the impact reports demonstrate his firm’s thesis-driven strategy of investing in startups that not only generate financial gains but also make positive environmental and social impact that benefits the society.
MDI Ventures, he added, will continue to develop an impact framework to be applied to other MDI startups in 2024, adding to what was previously implemented in three companies.
“In 2024, we aim to release a new in depth and comprehensive impact report which is committed to ESG,” he said.
Link to MDI Portfolio Impact Reports:
- SwipeRx: https://mdi.vc/whitepaper/mdi-swiperx-impact-report
- KoinWorks: https://mdi.vc/whitepaper/mdi-koinworks-impact-report
- Aruna: https://mdi.vc/whitepaper/mdi-aruna-impact-report