Jakarta, Indonesia – IDN Media, the media platform for Millennials and Gen Z in Indonesia, has secured a Series-D investment led by Mayapada Group and KMIF, with participation from East Ventures, OCBC NISP Ventura, and Dentsu Group, as well as V Media Ventures.
IDN Media aims to democratise information for all Indonesians, especially Millennials and Gen Z. With a comprehensive and end-to-end ecosystem, it operates four major business verticals, namely content platform, digital media, commercial, and entertainment.
The newly secured investment will not only allow IDN Media to accelerate the growth of its users through the super-app and ecosystem strategy, but also advance its technology, strengthen the teams, and execute strategic partnerships and acquisitions.
Winston Utomo, IDN Media’s founder and CEO, shared that while this Series-D investment is an important milestone in their journey, the mission to democratise information for all Indonesians is always a work in progress.
“We will keep working very hard to become a 100+ years old sustainable and healthy company that brings positive impacts on society. One step at a time, for a better Indonesia,” said Utomo.
Meanwhile, William Utomo, IDN Media’s founder and COO, noted “The next eight years will be very different from the past 8 years. After the Series-D investment has been secured, we have prepared several strategic initiatives to be executed as soon as possible. This will be a very exciting new era for IDN Media.”
Dato’ Sri Prof. Dr. Tahir, Mayapada Group’s founder and chairman, said, “We deeply believe in the vision of brothers Winston Utomo and William Utomo. They are young, ambitious, and hardworking individuals who have a dream of making a difference in the future of Indonesia. Mayapada Group is very excited to partner with IDN Media to bring Indonesia to greater heights.”
