Capital Injections in Gibran and Kaesang’s Startups

Startups owned by Gibran Rakabuming Raka and Kaesang Pangarep are flooded with venture capital injections. Assisted by a presidential advisor.

Retno Sulistyowati

September 9, 2024

ON the night of Wednesday, September 4, RANS Nusantara Hebat in BSD City, Tangerang Regency, Banten, was relatively quiet. The tables in this two-hectare culinary center complex were empty. Only the area near the music stage was slightly crowded. In that area were the stalls of Sang Pisang and Yang Ayam, the food companies owned by President Joko Widodo’s youngest son, Kaesang Pangarep.

In one corner, Jessika, an employee at the Sang

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