Warung Pintar acquired Bizzy Digital to strengthen its end-to-end offerings
Warung Pintar acquired Bizzy Digital to strengthen its end-to-end offerings 24 February, 2021 Warung Pintar, a micro retail technology startup company, today announced the acquisition of Bizzy Digital, an integrated logistics and distribution supply chain B2B platform. The deal combined two companies that work with 600 brands and serve 230,000 retailers in 65 cities across Indonesia and support nationwide networks of distributors. After the acquisition, Warung Pintar solidified its leading position in Indonesia’s nascent B2B e-commerce market. Indonesia’s B2B e-commerce market has immense room for growth - it is expected to grow to become at [...]
Indonesia’s digital economy to slingshot into its golden era
Indonesia’s digital economy to slingshot into its golden era February 25, 2021 Taking a slingshot as an analogy, Indonesia’s digital economy is the rock that is being pulled back by the COVID-19. Indonesia’s digital economy is more ready than ever to launch into its golden era. With a maturing ecosystem, coupled with the groundwork that has been laid out as a result of the pandemic, Indonesia’s digital economy is ready to take off. Let’s imagine a slingshot. In a slingshot, there are three main components: the rock that will be propelled forward, the force that [...]
Member.id raises US$1.1 million from East Ventures and Traveloka, helps brands to tap into Indonesia’s booming creator economy
Member.id raises US$1.1 million from East Ventures and Traveloka, helps brands to tap into Indonesia’s booming creator economy 17 February, 2021 Member.id, a loyalty service provider, marketing and technology firm, announced earlier today that it has secured US$1.1 million in a Series A round led by East Ventures with a strategic investment from Traveloka. The investment will help the company scale up its content creation capabilities to further accelerate its mission in changing the loyalty landscape in Indonesia and its vision in influencing customer behavior to positively impact business and society. Member.id also announced its [...]
East Ventures appoints Koh Wai Kit as its new Venture Partner
East Ventures appoints Koh Wai Kit as its new Venture Partner February 9, 2021 East Ventures, an early-stage sector-agnostic venture capital firm that has supported over 180 companies in Southeast Asia and is widely known as the VC pioneer in Indonesia, is pleased to announce the appointment of Koh Wai Kit as a Venture Partner at the firm. Willson Cuaca, Co-founder and Managing Partner at East Ventures, is thrilled to welcome Wai Kit to East Ventures. "We have worked closely with Wai Kit for years and we truly value his advice. Wai Kit is a [...]
Singapore-based Qapita secures an investment from East Ventures to usher digital equity management to Indonesian startups
Singapore-based Qapita secures an investment from East Ventures to usher digital equity management to Indonesian startups 3 February, 2021 Qapita, a Singapore-based provider of digital equity management SaaS solutions, today announced that it has secured an undisclosed strategic investment from East Ventures. Qapita helps private companies and start-ups manage capitalization tables (cap tables) and employee stock ownership plans (ESOPs). Qapita also aims to digitize issuance of equity awards and shares. The fresh round of funding will be used to further strengthen the team in Singapore, India and Indonesia, accelerate product development and build clientele. Qapita [...]
Crisis fosters collaboration between startups and corporations: Willson Cuaca
Crisis fosters collaboration between startups and corporations: Willson Cuaca 2 February, 2021 “When a digital company gets dominant, it is like the rise of Thanos. What happens next is Captain America and Iron Man collaborate to defeat Thanos. I think this is what will happen in our ecosystem,” said East Ventures Co-Founder and Managing Partner, Willson Cuaca, in a webinar hosted by PricewaterhouseCoopers (PwC) on January 19, 2021. Collaboration between startups and corporations are more prevalent today as competition becomes more fierce. According to Willson, collaborations will help startups and corporations challenge a company that [...]
East Ventures Doubles Down on Nusantics
East Ventures Doubles Down on Nusantics 7 January, 2021 Nusantics, a genomics technology company, announced today that it has raised an undisclosed amount in Series A funding led by East Ventures. The startup also welcomed Triawan Munaf as a commissioner. East Ventures doubled down on Nusantics by leading a follow-up round less than a year after the VC firm led the biotech startup’s seed funding round. The fresh funding is a fruit of Nusantics’ strong growth and its swift response to the disruptions brought on by the COVID-19 pandemic. While staying focused on their microbiome [...]
EV Growth Expanded its Team with Major Hires
EV Growth Expanded its Team with Major Hires 6 January 2021 EV Growth, a joint venture between East Ventures, SMDV, and Yahoo! Japan Capital focused on providing growth capital to startups in Indonesia and the rest of Southeast Asia, welcomed David Fernando Audy as Operating Partner. David has over 18 years of executive experience in the media and content industry. He was the CEO of PT Media Nusantara Citra Tbk (MNCN IJ), a publicly listed leading media conglomerate in Indonesia, and was a Director of PT Global Mediacom Tbk (BMTR IJ), also a publicly listed [...]