After three years of fraud headlines, embezzlement scandals, and macro shocks pulling investors out of Indonesia, why is a senior VC who has actually been on the ground for the last decade still optimistic about the market?
Our guest is Elsha, Country Director for Indonesia at Genesia Ventures — a leading Japanese venture capital firm backing early-stage startups across Japan, India, and Southeast Asia. She has spent the last decade evaluating founders on the ground in the region, writes regularly on the Indonesian startup ecosystem, and counts Recompound among Genesia's portfolio investments.
Reflection on and the future of Indonesian start-ups, from a venture capitalist - Elsha
Jun 25, 2026








