Agung Utama and Ilman Dzikri founded Pakter Group in 2021. Between them, they had worked in strategy consulting, at an Indonesian conglomerate, in technology companies and in venture capital.

The first mandates came from both ends of the ecosystem: an embedded turnaround of a government-focused software company, and a legal study for a government directorate on how Indonesia regulates venture capital funds. That pattern has defined the firm since.