Bananas, Indonesia-based quick commerce startup, raises US$ 1.5 million seed funding led by East Ventures
Bananas, a quick commerce startup based in Indonesia, has secured a total of US$ 1.5 million in seed funding. This funding was led by East Ventures, with the participation from SMDV, ARISE, MDI Ventures, Y Combinator and a few angel investors.
Fuse insurtech achieved 2021 target by closing more than US$ 105 million in terms of GWP
Insurtech company Fuse announced an impressive 2021 performance with Gross Written Premium (GWP) of policies utilizing the Fuse platform exceeding US$ 105 million. This represents more than 2% of the market share in terms of the general insurance market. Despite the challenging situation due to the Covid-19 pandemic, Fuse still managed to double its market share and improving the quality of its platform and services.
Aruna raises US$ 30 million in follow-on series A funding, bringing total capital raised to US$ 65 million
Aruna, Indonesia’s leading fishery and marine platform, has announced a US$ 30 million Series A follow-on funding led by Vertex Ventures Southeast Asia & India. The round also saw participation from existing investors Prosus Ventures, AC Ventures, East Ventures (Growth Fund), Indogen Capital, SMDV and SIG Venture Capital.
Inteluck, technology-driven logistics platform in Southeast Asia, announced US$ 15 million series B funding
Inteluck, a Southeast Asian technology-driven logistics platform, said today that it has raised US$15 million in a Series B fundraising round. Creo Capital, a Hong Kong-based investment firm under New World Group, spearheaded the investment. East Ventures and Headline Asia are among the investors in this round. Favour Capital, a TMT boutique investment bank focused on China and Southeast Asia, served as the round's exclusive financial advisor.
East Ventures menyambut Italo Gani sebagai Venture Partner baru untuk mempercepat pertumbuhan ekosistem digital
East Ventures, perusahaan venture capital yang terbuka pada seluruh sektor (sector-agnostic) yang telah mendukung lebih dari 190 perusahaan di Asia Tenggara dan pelopor modal ventura di Indonesia, mengumumkan pengangkatan Italo Gani sebagai Venture Partner.
Bonza Raised Seed Funding from East Ventures
Bonza Raised Seed Funding from East Ventures, Using Math Algorithm to Project COVID-19 Effective Reproduction Number 26th May 2020 JAKARTA, 26th May 2020 — Bonza, a big data analytics company, announced seed funding from East Ventures Bonza's co-founders, Elsa Chandra and Philip Thomas, met in Traveloka. Elsa was leading investments for the company, while Philip was leading one of the data teams and developing big data models to improve Traveloka’s products. At Traveloka, Elsa and Philip witnessed how big data models accelerated the speed and quality of insights to make better commercial decisions in the [...]
BukuWarung raih pendanaan tahap awal dipimpin oleh East Ventures
BukuWarung raih pendanaan tahap awal dipimpin oleh East Ventures, siap memberdayakan 60 juta UMKM di Indonesia 8 April 2020 JAKARTA, 7 April 2020 — BukuWarung, perusahaan penyedia aplikasi pembukuan untuk UMKM, menghimpun seed funding dengan nilai yang tidak dipublikasikan dalam ronde pendanaan yang dipimpin oleh East Ventures. Investor lain yang terlibat dalam ronde pendanaan tersebut adalah AC Ventures (dulu Agaeti Ventures, Convergence Ventures), Golden Gate Ventures, Tanglin Venture Partners, dan Michael Sampoerna dengan partisipasi oleh angel investors dari Grab, Gojek, Flipkart, PayPal, Xendit, Rapyd, Alterra, Zen Rooms, dan lainnya. BukuWarung akan menggunakan modal segar tersebut [...]
Indonesia PASTI BISA menyalurkan Rp 5 miliar
Indonesia PASTI BISA menyalurkan Rp 5 miliar untuk pembelian bahan baku produksi 50.000 test kit qPCR COVID-19 7 April 2020 JAKARTA, 7 April 2020 — Indonesia PASTI BISA, gerakan gotong-royong yang diinisiasi oleh East Ventures untuk mendukung upaya penanggulangan wabah COVID-19, hari ini menyalurkan Rp 5 miliar untuk membeli bahan baku produksi 50.000 set test kit qPCR COVID-19. Gerakan Indonesia PASTI BISA melakukan penggalangan dana dengan target Rp 10 miliar untuk mendukung upaya Task Force Riset dan Inovasi Teknologi untuk Penanganan COVID-19 (TFRIC19) yang dibentuk Badan Pengkajian dan Penerapan Teknologi (BPPT). Dana Rp 9 miliar rencananya [...]