Pasarnow transforms the end-to-end supply chain in Indonesia’s grocery market
Born and raised in the hustle and bustle of Indonesia's capital city, Jakarta, James Rijanto recalled a big shift in venture trends, which used to revolve around the manufacturing industry to the new food and beverage (F&B) and lifestyle concepts.
The silver lining in the proptech sector
We recently announced two new portfolio investments in property technology (Proptech) startups: AMODA – a prefabricated construction company; and Tanaku – a rent-to-own property tech company. Both startups are operating and localizing their solutions to serve Indonesia-specific markets. Their recent funding rounds are seed and pre-seed, both led by East Ventures.
Pintarnya closes Seed fundraise at US$ 14.3 million; East Ventures and Vertex Ventures SEA & India join the round
Pintarnya, one-stop digital platform for blue collar workers to find employment opportunities in Indonesia, today announced it has raised $8 million from East Ventures and Vertex Ventures SEA & India (VVSEAI), bringing the total seed funding to US$14.3 million, one of the largest seed funding rounds in Southeast Asia to-date.
East Ventures appoints Avina Sugiarto as Partner
East Ventures, a pioneering sector-agnostic venture capital firm that has supported over 200 companies in Southeast Asia, announced the appointment of Avina Sugiarto as a Partner at the firm.
Chickin, an Indonesia-based poultry startup, raised seed funding led by East Ventures
Chickin, an Indonesia-based poultry startup, raised an undisclosed amount of seed funding led by East Ventures with the participation of other investors. The investment will accelerate Chickin’s mission in enhancing Indonesia’s food security, where Chickin will allocate the fund to focus on improving their growth, people, technology, partner acquisition, and farmers empowerment to ensure the best quality and maximum amount of production.
Proptech platform, Tanaku raises US$ 5.5m pre-seed funding led by East Ventures to radically transform home ownership in Indonesia
Tanaku, an Indonesia based proptech startup, raised US$ 5.5m of pre-seed funding led by East Ventures. The round included equity and debt capital from an International Bank. The fresh capital will accelerate Tanaku’s mission to make home ownership accessible and radically transform the home buying experience, with the current focus on building the product, expanding the team, acquiring homes, and executing the go-to -market strategy.
Earned Wage Access as the financial solution for employees and companies
The fintech sector has grown exponentially in Indonesia as it could fill the financial gap for millions of people. However, other issues appeared as some people were trapped by illegal fintech lending and lack of financial literacy, making it difficult to manage their wealth and cash flow.
Recession run: East Ventures’ bets during a downturn
The funding winter is here. News of layoffs and troubles in startups have been cropping up. In this Q&A series, we talk to Southeast Asia’s investors to suss out what opportunities they see, their thinking, and areas of investment they are looking at in the next few months.