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News and updates
Insights
The woven beauty of the new East Ventures’ Batik, where heritage meets innovation
In the vibrant tapestry of Indonesia’s cultural heritage, few art forms capture the essence of the nation quite like Batik. Batik has long been a source of pride and inspiration for Indonesians, and East Ventures is proud to have it deeply rooted in our day-to-day…
Press Release
Bababos, manufacturing raw material procurement Platform, has secured US$3 million in Seed funding round led by East Ventures
Manufacturing raw material procurement platform, Bababos, has secured US$3 million in seed funding. The round was led by East Ventures, with the participation from Patamar Capital and Accion Venture Lab. This new funding was completed six months after the pre-seed funding in March 2023. The…
Insights
The future of fintech in Indonesia: Empowering financial inclusion and literacy
Financial technology (fintech) has experienced a notable surge in the new normal due to the COVID-19 pandemic. The potential of higher user penetration and a significant rise in digital transactions in the future has set the pace for the advancement of fintech. Indonesia’s fintech sector…
Press Release
Asia’s fastest-growing sneaker marketplace Novelship secures US$9.5 million in series B funding round led by East Ventures, following latest collaboration with Snoop Dogg
Singapore-based online streetwear marketplace, Novelship, has bagged US$9.5 million in its Series B funding round led by East Ventures, iGlobe Partners and GSR Ventures. The new funds will accelerate the company’s move to amplify its brand presence across Southeast Asia. This includes enhancing its logistics…
Press Release
Hukumku, an Indonesia-based legal tech startup, raised funding led by East Ventures
Hukumku, an Indonesia-based legal tech startup focusing on legal consultation and services, announced the completion of funding led by East Ventures, the pioneering and leading sector-agnostic venture capital in Indonesia and Southeast Asia. The funding will be allocated to accelerate its product development and marketing…
From Portfolios
East Ventures’ four founders listed in The Prestige 40 Under 40 List for 2023
Prestige Indonesia’s 40 Under 40 lineups have consistently showcased exceptional talent, ingenuity, and determination, and this year founders from East Ventures have made the list. From tech entrepreneurs to environmental advocates and burgeoning fashionistas, these individuals encapsulate the drive and diversity that are shifting paradigms…
Insights
Building a legacy: East Ventures’ vision and commitment to ASEAN’s flourishing future
Amidst global economic challenges, the ASEAN region stands out as a symbol of strength and adaptability. Holding the title of the world’s fifth-largest economy, ASEAN boasts impressive numbers: a combined GDP of US$4 trillion, a population of 650 million, over 70 million small and medium-sized…
Insights
East Ventures remains bullish with the vision of integrated Southeast Asia amidst the global geopolitical and uncertain market
The global economy remains uncertain due to high inflation globally and geopolitical conditions. This has created challenges for economies in Southeast Asia, particularly for digital startups. Inflation is still high, even though it is starting to ease. Interest rates are at a 15-year high and…
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