Learning from MAKA Motors: Building a viable energy transition business in Indonesia
With rapid urbanization and economic growth in Southeast Asia (SEA), the demand for energy transition is surging. This steers the region toward renewable energy sources, as countries look to diversify their energy mix and reduce their reliance on fossil fuels and their price volatility, ultimately cutting their carbon emissions.
KoinWorks logs revenue gain, targets profitability by 2024
The Jakarta-based company posted US$15 million in net revenue during the period, according to filings with Singapore’s Accounting and Corporate Regulatory Authority (ACRA).
7 keys for understanding consumer behavior by SEA women D2C founders
Direct-to-consumer (D2C) startups in Southeast Asia have not only shown resilience, but also maintained growth momentum despite the economic uncertainty. However, to stay ahead in the market and effectively reach consumers, these startups must continuously adapt to the evolving landscape.
From brick-and-mortar to AI-powered learning: The journey of Geniebook
As the world gets more digital, education is undergoing a revolution with new tools and approaches to enhance student learning. Education veterans Neo Zhizhong and Alicia Cheong began as private tutors over 10 years ago. After university, they founded School Plus in 2007, offering tailored math and science lessons. Despite early success, scaling became a challenge due to limitations in manpower and time.
Qapita’s revenue jumps to US$8.9m in FYE March 2023
Qapita, a Singapore-based equity management platform, has experienced significant revenue growth but also larger losses in its most recent financial year. The East Ventures-backed company’s revenue reached US$8.9 million in the 15-month period between January 2022 and March 2023 (FYE 2023).
Indonesian start-ups to look out for
We asked Indonesia's top venture capital (VC) firms for some of the most exciting Indonesian start-ups today. Will they become the country's next unicorns?
East Ventures’ portfolio companies listed amongst Tech in Asia’s 50 rising startups in Indonesia
Which startups are on the path to becoming the next big thing? One way to tell would be to check when they’ve raised a new round. Tech in Asia has generated a list of startups in Indonesia that have recently raised funding.
Indonesian beauty firm turns US$40k investment into profitable business in two years
Around a decade ago, best friends Cindy Angelina and Kezia Trihatmanto studied together at Pepperdine University in Los Angeles. The two had known each other since childhood, and their friendship has sparked a revolutionary idea for the beauty industry in their home country of Indonesia.