East Ventures’ 9 startups listed in Forbes Asia 100 to Watch List

Forbes Asia 100 to Watch List spotlights 100 small companies and startups across Asia-Pacific that are addressing real-world challenges with fresh thinking and innovative products and services. In 2022, East Ventures is in the top 3 investors across APAC, with 9 portfolio companies listed in Forbes Asia 100 To Watch. They are ALAMI, Desty, Homage, Intellect, Intelluck, Luup, Novelship, Qapita, and The Parentinc.

The 100 watch is selected from over 650 nominations by accelerators, incubators, SME advocacy organizations, universities, venture capitalists and others. The qualifications for consideration are; companies had to be headquartered in the Asia-Pacific region, privately owned, for profit, have no more than US$ 50 million in its latest annual revenue and have no more than US$ 100 million in total funding through 1 August 2022. The metrics include a positive impact on the region or industry, a track record of strong revenue growth or ability to attract funding, promising business models or markets, and a persuasive story.

Forbes Asia 100 to Watch list

ALAMI

ALAMI is Indonesia’s sharia-compliant peer-to-peer lending platform for small and midsize businesses, that was co-founded by Dima Djani, Harza Sandityo, and Bembi Juniar in 2019. The startup says its annual disbursement growth tripled over the past two years as it tapped into Indonesia’s growing fish farming and logistic sectors, to bring the total to over $200 million disbursed so far.

Desty

Using Desty‘s service, merchants in Indonesia with no coding skills are said to be able to easily create online stores and social media landing pages. The startup also offers features to manage inventories and provide customer metrics. Desty claims nearly 1 million merchants use its services.

Homage

Inspired by the founder’s experiences of struggling to find caregivers for her ill mother, Homage aims to help customers quickly obtain personalized medical support for their loved ones. The startup’s healthcare services platform caters to adults and the elderly, connecting households with licensed caregivers, nurses, therapists and physicians. The company has a network of over 10,000 care professionals has rendered over 1 million hours of services, including doctor consultations, in-home living assistance, rehabilitation and specialized treatment for conditions like Parkinson’s disease and dementia. It operates in Singapore, Malaysia and Australia, and plans to expand in the region with its $30 million funding round in September 2022. 

Intellect

Founded by Theodoric Chew and Anurag Chutani in 2019, Intellect provides a wide range of mental health services to workforces across Asia through its app. Employees can speak with behavioral health coaches and subscribe to self-guided programs. The startup, which has raised $23 million in funding, says it has connected 3 million people to mental health professionals across 20 countries.

Inteluck

Inteluck is a Philippines-based tech-driven logistics startup initially helped logistics companies track their vehicle fleets. Today, its Philippine customers can book delivery trucks on demand from third-party logistics providers registered on Inteluck’s digital platform. Clients include Coca-Cola, Nestle and billionaire Lucio Tan’s Asia Brewery. The company aims to expand into Vietnam and Indonesia next year.

Luup

Mobility startup Luup offers a sharing service for electric bikes and scooters. The startup says its 5,000 vehicles are available in the Japanese cities of Tokyo, Osaka, Kyoto, Sendai and Yokohama. Going forward, Luup plans to introduce rental options with three and four wheels, which will be more accessible to the elderly and people with disabilities.

Novelship

Novelship operates an online marketplace for limited-edition sneakers, streetwear and other collectibles such as electronics and figurines. The startup claims to have a user base of half a million across the Asia-Pacific, including Singapore, Australia, Indonesia and Malaysia.

Qapita

Qapita automates equity ownership management for companies through its capitalization table and employee stock ownership plans (ESOP) management software. The startup says more than 700 customers and 22,000 stakeholders across Singapore, India and Indonesia use its software. Qapita has raised more than $32 million in funding.

The Parentinc

The Parentinc is best known for its community platform, theAsianparent, that provides content related to parenting and pregnancy in 11 languages across 12 countries, it says. The company also sells halal nursing and baby-care products, such as massage oil and stretch mark cream, under the Mama’s Choice brand.

Congrats to all our portfolio companies listed!

See the complete list at Forbes Asia.