John Riady, CEO, PT Lippo Karawaci; President Commissioner, PT Siloam International Hospitals Tbk; President Commissioner, OVO

In conversation with Joji Thomas Philip, Editor-in-Chief, DealStreetAsia

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John Riady, who took over the helm at Lippo Karawaci last year, to lead one of Indonesia’s biggest family empires, was an early investor in Grab as a managing partner at VC firm Venturra Capital, whose portfolio also includes Zilingo, Ruangguru, Carro and Sociolla. Yet, his biggest tech success could be spearheading the creation of e-payment platform Ovo, the country’s latest unicorn. Incidentally, Ovo is in talks with its rival DANA for a merger, and the combined entity could be valued as much as $4 billion. Tech apart, the 34-year old believes that Indonesia’s realty sector, across three spaces – urban housing, health care facilities and lifestyle malls – offers a strong business case to the investors’ community.

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