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East Ventures News

East Ventures launched the extended version of East Ventures – Digital Competitiveness Index 2022 with in-depth findings of 157 cities/regencies in Indonesia

East Ventures, a pioneering and leading sector-agnostic venture capital firm in Indonesia, has launched the extended version of East Ventures - Digital Competitiveness Index (EV-DCI) 2022. This extended report is part of EV-DCI 2022 which was launched earlier in March 2022, and it provides in-depth information on the digital competitiveness among 157 cities/regencies in Indonesia.

May 24th, 2022|East Ventures, EVDCI, Press Release|

How venture capital is creating an inclusive and sustainable future for Southeast Asia

East Ventures, a pioneering and leading sector-agnostic venture capital firm in Indonesia, recently launched its inaugural report named East Ventures - Sustainability Report 2022. This report outlines the robust progress and range of initiatives among the firm and its ecosystem, as well as the sustainable investment framework towards sustainability.

May 23rd, 2022|East Ventures, Press Release|

Ruangguru advances education access in Indonesia by leveraging technology

Belva Devara and Iman Usman, Co-founders of Ruangguru, have both experienced the challenges of Indonesian education firsthand. Both of them originated from humble backgrounds and statistically speaking, access to higher education seemed improbable to them. Especially when quality education is still considered a privilege in the country.

May 19th, 2022|East Ventures, EVDCI, From Portfolios, RuangGuru|

A sustainable education and curriculum improvement: key drivers of digital-skilled workforces in Indonesia, a survey of EV-DCI

The improvement of education and curriculum has become a key to driving the quality of digital human resources in Indonesia. The finding was based on the Companies Perception to Indonesia’s digital Competitiveness survey contained in the East Ventures-Digital Competitiveness Index (EV-DCI) 2022 report. The survey was conducted on 71 startups in Indonesia, small, medium, and large (corporates).

May 13th, 2022|East Ventures, EVDCI|

East Ventures launches its inaugural Sustainability Report 2022

East Ventures, a pioneering and leading sector-agnostic venture capital firm in Indonesia, today launched its inaugural report named East Ventures - Sustainability Report 2022. This report lines out robust progress and a range of initiatives among the firm and its ecosystem in engaging the Environmental, Social, and Governance (ESG) frameworks and practices in achieving a more sustainable and inclusive future.

April 20th, 2022|East Ventures, Press Release|

Rising biotech innovations to address Indonesia’s healthcare problems

With an over 270 million population, Indonesia remains an emerging medical market, supported by the surge of healthcare awareness demanded by the rising middle-income community. However, the country has faced chronic problems as the pandemic unveils shortcomings and an elevated sense of urgency to develop a more resilient healthcare system and innovations.

April 8th, 2022|East Ventures, Insights, Nalagenetics, Nusantics|

The Parentinc, SEA’s #1 parent-tech company, raises US$ 22 million in series D funding round led by East Ventures

The Parentinc, a fast-growing tech company headquartered in Singapore, today announces that it has successfully closed a US$22M round. The round comprised a mixture of primary and secondary investment alongside venture debt. The funding round was led by East Ventures as well as other undisclosed investors.

April 7th, 2022|East Ventures, Press Release, The Parentinc|

East Ventures appoints Koh Wai Kit as Managing Partner, alongside several promotions of members of the EV Team

East Ventures, a pioneering and leading sector-agnostic venture capital firm in Indonesia, announced the appointment of Koh Wai Kit as its new Managing Partner of East Ventures. In his new role, Koh Wai Kit will be responsible for further building on East Ventures’ leadership position in Indonesia and Southeast Asia region.

April 7th, 2022|East Ventures, Press Release|

JiPay raised US$ 1.3 million of Seed funding led by East Ventures

JiPay, a Singapore-based fintech startup creating an inclusive financial services platform for migrant domestic workers, announced that it has secured US$ 1.3 million in Seed funding. This round of funding was led by East Ventures, with participation from SHL Capital as well as strategic angels including the Manila Angel Network and Shivaas Gulati (Co-Founder of Remitly).

April 1st, 2022|East Ventures, JiPay, Press Release|

TipTip, a one-stop platform for content creators, raised US$ 10 million in seed funding led by East Ventures

TipTip, a one-stop platform for content creators across Southeast Asia, today announced that it has secured US$ 10 million in the seed funding round, marking one of the biggest seed rounds ever. This funding was led by East Ventures, with the participation from Vertex, EMTEK, SMDV, and prominent family offices.

March 30th, 2022|East Ventures, Press Release, TipTip|

The promising rise of mental health startups in Indonesia

The urgency for innovation and access in the mental health vertical has never been more pivotal. On a macro level, there has been a global shift in consumer demand for quality health and wellness services and a significant lift in education and affluence in Southeast Asia, presenting a promising context for this industry.

March 24th, 2022|Bicarakan.id, East Ventures, Intellect, Investment Insights, Mindtera, Riliv|

‘Is ESG a FOMO or here to stay?’: Avina Sugiarto

In the past years, the Environmental, Social, and Governance (ESG) factors have increasingly become top of mind for companies, investors, and policy-makers globally. Investors and corporations are joining the commitment to assessing non-financial aspects as part of business strategy, operations, reporting, and risk management. Further, many companies prepare a separate sustainability report, in addition to an annual report, and pledge to reach net-zero emission in the foreseeable future.

March 23rd, 2022|East Ventures, ESG, Insights|

Building the ecosystem of gender equality for the sustainable future

East Ventures, a pioneering and leading sector-agnostic venture capital firm in Indonesia, has again presented its signature women-centered forum: Women with Impact Forum, as part of the celebration of International Women’s Day on 8 March 2022. This virtual forum discussed “Women as Active Agents for Sustainable Development” with five key speakers from different industries, such as venture capital, tech startups, and social enterprises.

March 18th, 2022|aruna, East Ventures, From Portfolios, Insights, Nalagenetics|

The role of fintech in closing the financial gap in Indonesia

In recent years, Indonesia's digital financial services have experienced a boom as COVID-19 became the unexpected catalyst that accelerates digital transformation and technology adoption. The immense adoption of digital financial services is driven by several key factors, including growth in mobile internet penetration, the rise of digital merchants, and accelerating consumers' adoption.