EV Growth, a joint venture between East Ventures, SMDV, and Yahoo! Japan Capital focused on providing growth capital to startups in Indonesia and the rest of Southeast Asia, welcomed David Fernando Audy as Operating Partner.
David has over 18 years of executive experience in the media and content industry. He was the CEO of PT Media Nusantara Citra Tbk (MNCN IJ), a publicly listed leading media conglomerate in Indonesia, and was a Director of PT Global Mediacom Tbk (BMTR IJ), also a publicly listed operating company in the field of DTH Satellite Pay-TV operator and Broadband ISP. He currently serves as a Senior Advisor to ThreeBody Capital, a UK-based Investment Fund for publicly traded securities. David is also the former CEO of WeChat Indonesia, Director for Rakuten Indonesia and the founder of Okezone.com, one of the most read news portals in Indonesia.
EV Growth is also pleased to announce the appointment of Mulyono Xu and Pascal Christian-Sarana as the fund’s VPs of Investment.
As a graduate of Zhejiang University, located in Hangzhou, China, Mulyono started his career in top Chinese companies, Huawei and Alibaba, which are in the E-Commerce and Internet Industries respectively. Mulyono has over 10 years of experience in the Internet industry. He was heavily involved in most of the Alibaba Southeast Asia’s M&A and Strategic Partnerships with Lazada, Tokopedia, eWTP, etc. He continued his journey within Alibaba in a more operational role as Taobao Malaysia’s Country Manager and in Lazada Indonesia’s C-suite.
Prior to joining EV Growth, Mulyono was the Managing Director at BAce Capital, leading 3 Series A deals and few earlier stage deals in the region.
On the other hand, Pascal has 7 years of cross-border deal execution, investment structuring, and M&A advisory experience. Prior to joining EV Growth, he was a director at Rocket Internet and led the proptech investment mandate in Indonesia. He started his finance career as an investment banker at Barclays in Singapore, where he covered Southeast Asia M&A. Pascal holds a bachelor’s degree in medicine from Universitas Padjadjaran and also has an MBA from Cornell University.
“We are excited to welcome our new team members to EV Growth. They bring diverse experiences that nicely complement the existing team. All of them are based in Jakarta and they will work closely with Indonesia based founders, ” said Willson Cuaca, Managing Partner at EV Growth and Founding Partner of East Ventures.
“Since we were founded, EVG have always worked closely with founders and our portfolio companies to back them with the resources that can help them grow their businesses. This became even more apparent during this pandemic, where solid on the ground resources are extremely valuable, especially in our core market Indonesia. I am happy and proud to welcome David, Mulyono, and Pascal on board. With an extensive and unique combination of entrepreneurial, operational and investment expertise, they are a vital addition to the EVG team,“ said Roderick Purwana, Partner at EV Growth and Managing Partner at SMDV.
“I am honored to join EV Growth and looking forward to contribute to an already excellent team, in collaboration with East Ventures, SMDV, and Yahoo! Japan Capital to create more values to all our stakeholders,” said Audy.
“I’m thrilled to have the opportunity to join the amazing team at EV Growth to grow the startup ecosystem in the region together,” said Mulyono.
“East Ventures is the pioneer of tech investing in Southeast Asia and EV Growth extends that by providing growth capital to the region. I am very excited to join the EV family and am looking forward to work with our impressive set of founders to grow their businesses,” said Christian-Sarana