![Bali’s Radiya Rondi enjoying a perfect tube ride in Grajagan, East Java [doc: ASC]](https://i0.wp.com/d3g5ywftkpzr0e.cloudfront.net/wp-content/uploads/2022/03/03194142/Ombak-TH_-6729-320x202.jpg?resize=320%2C202&ssl=1)
East Ventures sponsors two major Indonesia surfing tournaments
East Ventures is beyond happy to announce its support of not one but two surfing tournaments in Bali, the Vans Bali Pro presented by East Ventures from 8-9 March and the Liga Surfing Indonesia 2021 Grand Final from 11-13 March, which take place at Bali’s most well known beach destination of Halfways, Kuta Beach, Bali.
The importance of accelerating Indonesia’s digital competitiveness
According to the e-Conomy SEA 2021 by Google, Temasek, and Bain & Co., Indonesia's digital economy is valued at US$ 70 billion Gross Merchandise Value (GMV) in 2021. This number has grown 75 per cent compared to the pre-pandemic condition in 2019. In 2025, Indonesia is projected to surge to US$ 146 billion GMV.
More Indonesian companies installing rooftop solar panels
More Indonesian companies such as apparel manufacturer Pan Brothers are banking on the sun in their march towards sustainability. In January, three factories of Pan Brothers in Boyolali regency, Central Java, began operating rooftop solar panels that can generate 1,800 kilowatt peak (kwp), the rate at which they generate energy at peak performance such as on a sunny day in the afternoon.
Balancing acts in the digital ecosystem: Can profit and sustainability align?
In the past two years, we have faced the COVID-19 pandemic that brought uncertainty in businesses but also accelerated the growth of digital consumer adoption at the same time. The acceleration brought Indonesia to glimpse an astonishing growth of the digital economy.
Sustainable food production by compression of fishery’s fragmented supply chain in Indonesia: East Ventures’ thesis on local agritech, Aruna
With over 23 million tons of annual seafood production, Indonesia is second only to China in the global seafood market. The fishery sector generates approximately US$ 4.1 billion in annual export earnings, empowers more than 7 million jobs, and contributes 50% of Indonesia's animal-based dietary protein.
East Ventures presents its first women-centered forum, Women with Impact Forum
East Ventures, a pioneering and leading sector-agnostic venture capital firm in Indonesia, today presented its first women-centered forum, named Women with Impact Forum. The forum provided the participants with three main sessions featuring several top key panelists from East Ventures and tech startup leaders. They shared their views and experiences towards women-related issues.
Roderick Purwana makes the Fortune Indonesia 40 Under 40 list
Roderick’s experience as a startup founder shaped him into the investor who has a better understanding and a two-way empathy that he is today. Anticipating the moment of the startups within the ecosystem make their grand debut on the stock exchange.
How leaders deliver the passion of workers, even in the time of crisis: the leadership tips from CEOs of CoHive and Base
As a leader in the company, you probably want all employees to have the same frequency and passion as yours to achieve the same goal. However, it might be a challenge as the company gets bigger and faces a crisis. Yaumi Fauziah Sugiharta, Co-Founder and CEO of Base, and Christopher Angkasa, CEO of CoHive, share their experiences.
Why quality growth is vital for startup success
GGV Capital’s global managing partner Jixun Foo and vice president Dimitra Taslim recently joined an online Q&A session with a group of founders from East Ventures portfolio companies. Willson Cuaca, co-founder and managing partner of East Ventures, hosted the discussion covering various startup growth and fundraising topics.
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$15 million in a Series B fundraising round. Creo Capital, a Hong Kong-based investment firm under New World Group, spearheaded the investment. East Ventures and Headline Asia are among the investors in this round. Favour Capital, a TMT boutique investment bank focused on China and Southeast Asia, served as the round's exclusive financial advisor.
Synergy in East Ventures’ ecosystem: SIRCLO acquires Warung Pintar
Major congratulations to SIRCLO and Warung Pintar! Being the early-backer of both companies, East Ventures is beyond proud and excited to see SIRCLO which has acquired Warung Pintar. The acquisition is a concrete testament to their shared mission in accelerating Indonesia’s digital transformation.
Got “Mental Struck,” Platforms can now help
Nowadays, several platforms can facilitate people to consult on their mental health issues, such as Mindtera, Riliv, and Bicarakan.id. These platforms can eliminate the problems of reluctance, shyness, and talking issues. The growth of mental health platforms stands very promising.
Receiving investment led by East Ventures, mental health startup Riliv maximizes services to help face the pandemic and new normal
Mental health service startup Riliv announced that it has received seed round funding led by East Ventures. Other investors, such as Benson Capital, Sankalpa Ventures, Teja Ventures, Telkom Indonesia through Indigo Acceleration program, and Angel Investor Shweta Shrivastava also participated in this funding round to jointly develop the mental health industry in Indonesia.
StaffAny raises US$ 3.4 million in series A funding
Workforce management solution start-up, StaffAny, today announced that it has raised US$3.4 million in its Series A funding round. This investment was led by GGV Capital, with participation from East Ventures, FreakOut Shinsei Fund, Far East Ventures, Farquhar Venture Capital and prolific business angels such as Allen Shim, the former CFO of Slack.
Fraction raises US$3 million led by East Ventures to democratize investments by turning real estate and more into fractional NFTs
Fraction, a Hong Kong and Bangkok based fintech startup, announced that it has secured US$3 million in a pre-series A round led by East Ventures, with participation from Emtek Group (Grab, Bukalapak), Thakral Limited, V Ventures and a group of regional investors.
KoinWorks raises $108m in series C, plans to empower local SMEs
KoinWorks, an Indonesian financial technology (fintech) start-up, has announced that it had raised US$108 million (Rp 1.6 trillion) in a series C funding round.
Xurya receives US$ 21.5 million series A funding from investors led by East Ventures and Saratoga
Xurya, a renewable energy startup with a focus on Rooftop Solar Power Plant rental in Indonesia, announced series A funding of US$21.5 million or equivalent to Rp 308 billion. This series A funding round was led by a venture capital firm, East Ventures (Growth fund), and PT Saratoga Investama Sedaya Tbk. (Saratoga) with the returning participation of existing investors Schneider Electric and New Energy Nexus Indonesia.
East Ventures 2021 recap: 80+ deals made across SEA’s fastest growing sectors, aiming for sector diversification in 2022
Welcoming the new year of 2022, East Ventures is taking this opportunity to look back and reflect on the year 2021. Just like the rest of the world, the COVID-19 pandemic has also severely impacted our ecosystem—not only Indonesia, but it also took a heavy toll on Singapore and other SEA countries as well.
East Ventures welcomes seasoned investor Avina Sugiarto as its new Venture Partner
East Ventures, a pioneering sector-agnostic venture capital firm that has supported over 200 companies in Southeast Asia, announced Avina Sugiarto as a Venture Partner at the firm. Avina will leverage her extensive experiences to invest in growth-stage technology companies and further drive sustainability and integration of ESG practices in East ventures’ investments.
Singapore-based healthtech startup Smarter Health raises S$ 5.15 million to transform healthcare in the region
Smarter Health, a Singapore-based healthtech startup, announced that it has secured S$ 5.15 million in series A funding led by East Ventures. The funds will be used primarily for product development and market expansion in Southeast Asia.
Indonesia-based Praktis raises pre-series A funding from East Ventures
Praktis (previously known as PTS.sc), a data-powered supply chain solution for DTC (direct to consumer) brands, announced that it has secured an undisclosed amount of pre-series A funding round led by East Ventures with participation from Triputra Group.
Desty raises US$ 5 million in an extended pre-series A round from East Ventures
Desty, an Indonesia-based E-Commerce solution platform startup, announced that it has secured US$ 5 million of extended pre-series A round led by East Ventures (Growth fund) with participation from Jungle Ventures and returning investors Fosun RZ and January Capital.