New Ventures: By focusing on value, SEA startups can build models that resonate with consumers

Andries Smit is the Vice President of New Ventures at inDrive, a global mobility platform that recently launched a merger and acquisition division aiming to invest up to US$100 million in startups within emerging markets. With a focus on South and Central Asia currently, New Ventures plans to expand its activities in Southeast Asia in 2025. Smit’s experience with inDrive has shaped the investment philosophy of focusing on post-seed/Series A-stage tech-enabled companies with strong growth potential and healthy economics, particularly in underserved markets like SEA where startups must prioritize sustainability and efficiency to build successful, value-driven models for the future.

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