Bananas, Indonesia-based quick commerce startup, raises US$ 1.5 million seed funding led by East Ventures
Bananas, a quick commerce startup based in Indonesia, has secured a total of US$ 1.5 million in seed funding. This funding was led by East Ventures, with the participation from SMDV, ARISE, MDI Ventures, Y Combinator and a few angel investors.
Fuse insurtech achieved 2021 target by closing more than US$ 105 million in terms of GWP
Insurtech company Fuse announced an impressive 2021 performance with Gross Written Premium (GWP) of policies utilizing the Fuse platform exceeding US$ 105 million. This represents more than 2% of the market share in terms of the general insurance market. Despite the challenging situation due to the Covid-19 pandemic, Fuse still managed to double its market share and improving the quality of its platform and services.
Aruna raises US$ 30 million in follow-on series A funding, bringing total capital raised to US$ 65 million
Aruna, Indonesia’s leading fishery and marine platform, has announced a US$ 30 million Series A follow-on funding led by Vertex Ventures Southeast Asia & India. The round also saw participation from existing investors Prosus Ventures, AC Ventures, East Ventures (Growth Fund), Indogen Capital, SMDV and SIG Venture Capital.
Inteluck, technology-driven logistics platform in Southeast Asia, announced US$ 15 million series B funding
Inteluck, a Southeast Asian technology-driven logistics platform, said today that it has raised US$15 million in a Series B fundraising round. Creo Capital, a Hong Kong-based investment firm under New World Group, spearheaded the investment. East Ventures and Headline Asia are among the investors in this round. Favour Capital, a TMT boutique investment bank focused on China and Southeast Asia, served as the round's exclusive financial advisor.
Indonesia-based Praktis raises pre-series A funding from East Ventures
Praktis (previously known as PTS.sc), a data-powered supply chain solution for DTC (direct to consumer) brands, announced that it has secured an undisclosed amount of pre-series A funding round led by East Ventures with participation from Triputra Group.
Desty raises US$ 5 million in an extended pre-series A round from East Ventures
Desty, an Indonesia-based E-Commerce solution platform startup, announced that it has secured US$ 5 million of extended pre-series A round led by East Ventures (Growth fund) with participation from Jungle Ventures and returning investors Fosun RZ and January Capital.
‘ESG is today’s investing paradigm’: Melisa Irene
As an early believer of Indonesia’s startup ecosystem, East Ventures is very enthusiastic in investing in early-stage startups. We have been in the startup scene for over 12 years, and we did not only invest in certain, specific sectors but we have been sector-agnostic, as long as that sector has a promising and potential market size.
SaladStop! Group, Asia’s first and largest healthy food chain, closes financing round with Temasek, DSG, Vulcan, K3 and East Ventures
SaladStop! Group, the first and largest healthy food chain in Asia, today announced the closing of a SGD12 million series B investment round, featuring some of the most prominent investors in the region. The round, which was oversubscribed, was led by Temasek with participation from new investors Vulcan Capital, K3 Ventures, and East Ventures. Existing investor DSG Consumer Partners also participated in the round.