Collaboratively leveraging agritech for resilient and inclusive growth
Indonesia is an agricultural powerhouse with over 42 million hectares under cultivation, yet productivity is widely considered to be suboptimal. According to the World Bank, 93 percent of Indonesia's agriculture output is dominated by smallholder farmers who earn an average of US$ 3.20 per day, younger generations are becoming increasingly uninterested in the sector.
Using drones, ARIA wants to change the ‘old face’ of the farming industry
Born into a family with a farming machinery business, William Sjaichudin has long been familiar with Indonesia’s farmers and agricultural dynamics since he was a kid. After graduating from Purdue University as a professional golfer, William returned home to help with the family business. He discovered that the Indonesian agriculture industry has yet to be transformed by technological advances like other industries.
Indonesian Health System Transformation
On 25 October 2022, East Ventures moderated a Fireside Chat with the Indonesian Minister of Health, Budi G. Sadikin at the Embassy of the Republic of Indonesia in Singapore. The session was attended by Singaporean health sector private players, Indonesian businesses, and the Indonesian diaspora in Singapore.
Climate tech investment is a top priority in achieving net zero emissions
Achieving net zero emission globally by 2050 is critical to tackle the climate crisis and help to save our planet for the next generation. Global temperatures have risen 1.1°C since 1901, due to an excess of emissions from burning fossil fuels. Negative effects of climate change are mounting, such as extreme weather patterns and rising sea levels, all of which threaten the entire species of plants, animals, and even the human population.
Dare to dream: Kevin Zhang, founder and CEO of Inteluck
Kevin Zhang, 28, is the founder and CEO of data-driven logistics startup Inteluck. Headquartered in Singapore—with offices in the Philippines, Thailand and China—the startup allows its enterprise customers to book delivery trucks and track them on its digital platform. It also offers other services including warehousing and storage.
AWST launches with US$ 1.7 million funding led by East Ventures & notable partnerships secured
Singapore-based Web3 company AWST officially launches on 25 October. Leading to its launch, AWST has raised up to US$ 1.7 million in funding led by East Ventures, with participation from 500 Global and Antler. AWST is also the first Web3 company in Asia to work closely with Stripe to facilitate mainstream NFT transactions.
FitHappy, a digital health and wellness startup, secured pre-seed funding from East Ventures
FitHappy, an Indonesian-based healthtech startup, announced that it has secured an undisclosed amount of pre-seed funding from East Ventures, with participation from other investors.
Investment keeps pace, East Ventures looks deeper into startup fundamentals
The global supply chain crisis from the Russo-Ukrainian war and the tightening policies by the Chinese government have resulted in many central banks worldwide raising their benchmark interest rates, and the capital market is more gloomy than it was in the middle of last year.