News

East Ventures' way of investing||East Ventures' investment criteria|

16 January 2023

Insights

East Ventures’ way of investing

Over the past decade, we have seen the immense development of the digital ecosystem and tech startups in Indonesia. Often this accelerated growth can not be separated from the support of venture capitalists. If you are curious about how venture capital (VC) firms function and…

Willson Cuaca

13 January 2023

Insights

‘Indonesia is entering its second phase of digitalization’: Willson Cuaca

The global economic recession continues to threaten amidst high interest rates. This became one of the factors affecting venture capital firms to disburse their investments in 2023. Taking our long-standing investment thesis into consideration, the fundamentals behind East Ventures’ investments are two-pronged: Seed fund, which…

Wesley Tay

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…

Ahmad Gadi

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…

East Ventures|East Ventures

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…