Vidio Announced Its First External Injection, $150 Million from Affinity
The company has reached soonicorn status
Randi Eka - 1 November 2021
Vidio, one of the largest local OTT platforms, announced it has received $150 million (Rp2.1 trillion) funding from Affinity Equity Partners (Affinity), the largest private equity in Asia. Previously fully owned by Emtek Group under Surya Citra Media (SCM), it's Vidio's first external injection. The platform has a $750 million pre-money valuation and the funding has inflated its valuation to near unicorn/soonicorn status.
According to Emtek's latest (Q3 2021) financial report, Vidio has Rp362 billion of total assets.
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