News

10 January 2023

Press Release

Wesley Tay joins as a Principal at East Ventures

East Ventures, a pioneering sector-agnostic venture capital firm that has supported over 250 tech companies across Southeast Asia, today announced that Wesley Tay joins East Ventures as its new Principal. Wesley will oversee the investments focusing on the seed stage, and will be based in…

9 January 2023

Press Release

FLIK, a unified checkout solution, secured the US$ 1.1 million of pre-seed funding led by East Ventures

FLIK, an Indonesian-based startup that provides a unified checkout solution, announced that it had secured US$ 1.1 million of pre-seed funding led by East Ventures, with the participation of Init-6, GMO VenturePartners, and Saison Capital. FLIK’s unified checkout solution allows shoppers to have a more…

4 January 2023

From Portfolios

Indonesian cosmetics brands see opportunity in halal products

Companies offering halal cosmetics in Indonesia, the world’s largest Muslim-majority country, are aiming to boost the international appeal of their products in Southeast Asia and beyond as they see potential in attracting more non-Islamic consumers. In 2014, Indonesia enacted a law requiring halal certification for a wide…

East Ventures Team|Racing in the perfect storm illustration|Ilustrasi berlari di tengah badai sempurna

3 January 2023

Press Release

East Ventures races in a perfect storm: 2022 recap & 2023 outlook

2022 has been a challenging year for the tech industry, exacerbated by global issues and geopolitical conflicts. Despite these obstacles, we have managed to navigate through the crises and close the year on a positive note with a lot of significant and impactful endeavors. In…

The Champion Team of Indonesia PASTI BISA Maju Terus Pantang Mundur with East Ventures Team||||||||||||||||||

20 December 2022

Press Release

East Ventures announced the 30 team champions from the Coaching and Hackathon Program of Indonesia PASTI BISA Maju Terus Pantang Mundur

||Esqa co-founders (from left) Kezia Trihatmanto and Cindy Angelina

20 December 2022

From Portfolios

Indonesian D2C beauty brands build foundation for regional expansion

In 2020, Indonesian beauty marketplace Sociolla expanded to its first overseas market – Vietnam. Like in its home turf, Sociolla Vietnam offers products from global brands like Maybelline and Neutrogena as well as South Korea’s Laneige. The marketplace also stocks cosmetics from Esqa, Avoskin, and Carasun – all Indonesian brands making…

Ten Indonesian provinces scored the most outstanding digital advancements in 2022|Ten most improved provinces in 2022

13 December 2022

Insights

Ten Indonesian provinces scored the most outstanding digital advancements in 2022

While the capital city Jakarta and West Java remain at the top positions, East Ventures’ latest digital competitive index shows that other provinces are catching up fast Bengkulu and West Papua are two provinces with improvements in digital competitiveness over the past year that slingshot…

11 December 2022

Insights

Despite the global challenges, East Ventures remains bullish for Indonesia’s digital outlook for 2023

East Ventures remains optimistic about Indonesia’s digital economy prospect in 2023 despite the looming global economic turbulence. “The GMV growth of Indonesia’s digital economy is roughly double its GDP growth. We believe that the growth is still very robust in a few years. Hence, East…

Andy Yeung - Co-Founder & CEO of FUSE|Fuse Users Distribution Map|Peta persebaran pengguna Fuse

1 December 2022

From Portfolios

How Fuse advances Indonesia’s insurance literacy by leveraging the digital ecosystem

Improving Indonesia’s insurance literacy is an urgent call to increase the low insurance penetration market, East Ventures Digital Competitiveness Index (EV-DCI) 2022 showed Although many insurance firms exist in Indonesia, and efforts to increase insurance access and literacy have been on the rise, the penetration…

Avina Sugiarto and Maria Li|Winner of Tech in Asia - Startup Arena Pitch Battle

1 December 2022

Insights

A closer look at how East Ventures is driving ESG impact in Southeast Asia

At this year’s Tech in Asia Conference, our annual Startup Arena Pitch Battle returned offline, with four judges and scores of audience members watching six startups battle it out for the top spot. This edition, sponsored by East Ventures, focused on startups addressing environmental, social, and governance (ESG)…

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Wesley Tay joins as a Principal at East Ventures

FLIK, a unified checkout solution, secured the US$ 1.1 million of pre-seed funding led by East Ventures

Indonesian cosmetics brands see opportunity in halal products

East Ventures races in a perfect storm: 2022 recap & 2023 outlook

East Ventures announced the 30 team champions from the Coaching and Hackathon Program of Indonesia PASTI BISA Maju Terus Pantang Mundur

Indonesian D2C beauty brands build foundation for regional expansion

Ten Indonesian provinces scored the most outstanding digital advancements in 2022

Despite the global challenges, East Ventures remains bullish for Indonesia’s digital outlook for 2023

How Fuse advances Indonesia’s insurance literacy by leveraging the digital ecosystem

A closer look at how East Ventures is driving ESG impact in Southeast Asia

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