News

Julo P2P Lending | Featured Image
Press Release

Indonesia’s Julo Raises $10M to Expand Its P2P Lending Platform

Julo, a peer-to-peer lending platform in Indonesia, said on Wednesday it has extended its $5 million Series A raise to $15 million as it looks to scale its business in the key Southeast Asian market. The $10 million Series A2 round for the Jakarta-headquartered startup…
Bandar Udara Soekarno Hatta
From Portfolios

Terminal 2 Bandara Soekarno Hatta Berubah Jadi Terminal 2 Traveloka

Agen perjalanan online Traveloka resmi memperkenalkan Terminal 2 Traveloka, Bandar Udara Internasional Soekarno-Hatta, sebagai terminal bandara kolaboratif pertama di dunia. Angkasa Pura 2 dan Traveloka bekerja sama menggarap Terminal 2 Bandara Internasional Soekarno Hatta, menjadikannya bandara bertema ‘Gateway to Experiences’. “Traveloka percaya bahwa bandara merupakan…
Grab Unicorn Venture Capital Southeast Asia
Insights

Private Equity and Venture Capital Turning to SEA for Growth Opportunities

The private equity and venture capital (PEVC) industry is witnessing a boom in South-East Asia. Despite heightened economic uncertainties, fundraising through the sector is reaching new highs as investors are increasingly turning their focus on Asean to tap into the region’s growth opportunities. In the…
Pemprov DKI Jakarta Startup
Insights

Pemprov DKI Gandeng Startup Digital Kembangkan Jakarta Smart City

Pemerintah Provinsi (Pemprov) DKI Jakarta menggandeng delapan startup digital untuk mengembangkan Smart City serta menyelesaikan berbagai permasalahan di Jakarta. Beberapa di antaranya adalah Tokopedia, Grab, dan Nodeflux. Gubernur Anies Baswedan mengatakan, melalui kolaborasi dengan delapan startup digital itu dapat muncul beragam solusi untuk menyelesaikan permasalahan masyarakat…
Traveloka Application
Insights

Indonesian Unicorn Traveloka Learns What Not to Do from Uber

JAKARTA/TOKYO — When Dita Listya is planning a holiday, looking for a stylish hair salon, or just hoping to kill a couple of hours, the 27-year-old Jakarta resident turns to the same app: Traveloka. “I use Traveloka to compare the prices of hotels and air…
Base Co-Founder
Press Release

Base Secured Seed Funding Led by East Ventures and Skystar Capital

JAKARTA, 09 September 2019 — Base, Indonesia’s 6-month-old personalized direct-to-consumer (DTC) beauty and wellness company, announced earlier today that it has secured an undisclosed amount of seed funding led by East Ventures and Skystar Capital. This fresh investment will fuel Base mission to accelerate the…
Indonesia Landscape | Illustration
Insights

The Opportunity of Startup Ecosystem in Indonesia

We talk to Singapore-based East Ventures about the evolution of their Southeast Asian investment focus and the Indonesian start-up opportunity.  1. How have your funds evolved over the past 10 years (i.e. fund size, industry focus)? When we started East Ventures 10 years ago, we…
Startup Founder Testimony East Ventures
From Portfolios

What do Founders Say about East Ventures?

Since its inception in 2009, East Ventures has met—and invested—in hundreds of startup founders from Southeast Asia, Japan, and other parts of the world.  We’ve accompanied these founders in the past 10 years on their startup journeys, and felt the ups and downs together. There…
Social Bella Funding Series D|Sociolla Social Bella Founder|Social Bella Sociolla Series D Funding
Press Release

Indonesian Social Bella Secures US$40 Million Series D Investment

Social Bella Indonesia (Social Bella), publicly well-known for its beauty e-commerce Sociolla, strengthens its position as the leading beauty-tech company in Indonesia through the announcement of its USD 40 million Series D investment. The round is co-led by EV Growth and Temasek, together with EDBI,…
Trucking Space Indonesia
Insights

Bullish Venture Capital Spot Big Promise in Indonesia’s Trucking Sector

When Indonesia-based early-stage investor East Ventures decided to inject money into a company called Kargo in 2016, it was venturing into unknown territory. No venture capital (VC) firm had previously placed a bet on Indonesia’s problem-ridden trucking space, despite the emergence of a few startups…