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).
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.
Strengthening business fundamentals, Bababos is on the path to profitability
Manufacturing startup Bababos believes it is on the path to profitability (path-to-profitability) which is strong after focusing on improving business fundamentals through significant improvements throughout 2023.
Jack’s financial solutions to empower Indonesia’s SMEs
Indonesia is witnessing a significant rise in its new middle class, primarily driven by digital technology. Small and Medium-sized Enterprises (SMEs) are at the heart of this transformation, set to become a key driver of Indonesia's development.
East Ventures’ four founders listed in The Prestige 40 Under 40 List for 2023
Over the years, Prestige Indonesia’s 40 Under 40 lineups have consistently showcased exceptional talent, ingenuity, and determination. From tech entrepreneurs to environmental advocates and burgeoning fashionistas, these individuals encapsulate the drive and diversity that are shifting paradigms within and beyond their chosen fields.
Lessons in entrepreneurship and adaptability: RPG Commerce’s Melvin Chee on building a successful consumer product business
At the onset of his career, Melvin Chee knew he did not want a typical 9-5 job. At 18, he did his first internship with a startup founded by his cousin, Fong Wai Hong, in Melbourne. He went on to also intern for Groupon Malaysia and the online learning platform Udemy in the US. In San Francisco, he got a taste of the startup life in Silicon Valley. He became captivated by the innovative culture and dreamed of bringing that experience back to Malaysia.
Investing in people, the secret in building a media company that lasts forever
Establishing a company that prioritizes investing in people has become a crucial decision in addressing challenges in the modern era. Amidst technological advancements and intense business competition, a company that fosters strong relationships with its human resources and nurtures their potential possesses a significant competitive advantage.