“We never intentionally look for unicorns”: Willson Cuaca
Since East Ventures was established in 2009, we never intentionally look for unicorns. The statement came from East Ventures’ Co-Founder and Managing Partner, Willson Cuaca during the panel discussion titled ‘Finding the Next Unicorn’ in OCBC NISP Business Forum 2023.
Setting sail for blue economy: Opportunities and challenges in building a maritime startup
The maritime industry has tremendous potential for growth and development. It is a complex sector that encompasses a wide range of activities, including shipping and logistics, fishing, and aquaculture. According to UNDP, the industry also plays a critical role in the world economy, accounting for 5% of global GDP, or estimated at US$ 3 trillion per year.
Social Bread, an Indonesia-based digital marketing marketplace, has officially launched following its US$ 400,000 of seed funding led by East Ventures
Social Bread, an Indonesia-based digital marketing marketplace to support business owners, predominantly Small and Medium Enterprises (SMEs), has officially launched. The launch of this event was held in Social Bread Hub at The Breeze BSD City, Tangerang. During the same occasion, Social Bread also announced the completion of its US$ 400,000 of seed funding led by East Ventures. This round of funding is also participated by Living Lab Ventures. This fresh fund is to develop a differentiated technology platform to impact its merchant ecosystem. Social Bread is building a differentiated live shopping experience so that it will scale and boost merchants’ sales by at least 10 times within one year.
Empowering women: three key strategies for building confidence at work
As a woman in the workplace, building confidence can be challenging, especially when trying to climb the corporate ladder. Various cultural, societal, and historical factors can influence the confidence gap between men and women. In Asia, for example, there is often a greater emphasis on deference to authority and silent resistance, making it more challenging for women to assert themselves and speak up.
Fuse achieved more than US$ 200 million of GWP and 150 million policies for 2022
During the Grand New Office Opening event on 17th March, 2023, insurtech company Fuse announced more than 150 million policies, with GWP exceeding USD 200 million (IDR 3 trillion) being achieved in 2022. In terms of GWP and policies, it represents more than 200% and 360% growth when compared to 2021.
East Ventures’ strategy to strengthen ESG in its ecosystem
The environmental and sustainability issues are becoming more urgent than ever today. No one is immune from these issues, and all stakeholders must take necessary actions to minimize the impact now. With this issue in mind, we at East Ventures believe that technology can positively contribute to and impact the environment.
‘Investors are becoming more selective, especially when it comes to risks and valuations’: Roderick Purwana
With the threatening global economic condition that overshadows the tech industry, keeping one’s optimism is not an easy feat. This, which also stems from the COVID-19 pandemic, has resulted in multiple layoffs within the tech industry, both globally and domestically.
Indonesia’s Traveloka eyes sustainability demand as tourists return
Traveloka, Indonesia's leading online travel booking site, will roll out more sustainable travel options for users this year, the company's president told Nikkei Asia, as the tech unicorn aims to expand its share in Southeast Asia's growing market.