Indonesia-based Praktis raises US$20 million of series A funding led by East Ventures
Praktis, an end-to-end supply chain enabler has raised US$20 million of series A round led by East Ventures (Growth fund) with participation from Triputra Group and SMDV. The investment will be allocated to accelerate technology enhancements for the brands sides, at the same time to help the suppliers to have an easier business process, better team building, and enhancement of the end-to-end supply chain ecosystem.
The importance of encouraging digitalization for an equitable digital nation
Even though the digital sector is experiencing waves of 'up and down' amid global challenges such as rising interest rates and difficulties in finding funding, Indonesia's digitalization is still developing rapidly and has the potential to reach a digital golden era.
Creating future farming with technology for food resilience
The world is facing a dire situation. By 2050, the population is expected to reach an unprecedented 9.7 billion, while the food demand is expected to double. If we do not change our global agriculture system, the world might run out of food in just 27 years, according to The World Count. This is one part of the frightening reality that we must confront. The world is facing many challenges, including climate change, which is causing decreased farming output and rising hunger worldwide.
Achieving equitable digital for the whole Indonesian nation
Indonesia is set to be the strongest digital player in Southeast Asia in the coming years, with a massive demographic potential that continues to march towards the golden era of digital economy, whose value is predicted to reach US$360 billion by 2030.
Digital competitiveness now more equitably spread across Indonesia
FOR all the talk of a global digital winter, Indonesia’s digital economy – on track to be worth an estimated US$360 billion by 2030 – continues to power ahead.
Urgent energy needs in Southeast Asia: Renewable startups to the rescue
Accelerating renewable energy is urgent for Southeast Asia countries as energy demands continue to increase. Most countries' leaders have committed to achieve net-zero by 2050 to keep the global temperature increase below 2°C.
East Ventures launched the East Ventures – Digital Competitiveness Index 2023
East Ventures, a pioneering sector-agnostic venture capital firm that has supported over 300 tech companies across Southeast Asia, together with Katadata Insight Center and PwC Indonesia launched the East Ventures – Digital Competitiveness Index (EV-DCI) 2023, which is the 4th edition since it was first launched in 2020. The EV-DCI 2023 report presents the measurement of Indonesia’s digital competitiveness with the theme “Equitable digital nation”.
Prep, a Vietnam-based language learning EdTech, raised US$ 1 million co-led by East Ventures and Cercano Management
Prep, the Vietnam-based online learning platform that specializes in standardized language test preparation, today announced that it has raised US$ 1 million co-led by East Ventures and Cercano Management. This round of funding will further strengthen Prep’s balance sheet, bringing the total funds raised by Prep to US$ 2 million, including the US$ 1 million invested by Touchstone Partners earlier in 2022.