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News and updates
From Portfolios
Fuse achieved more than US$ 200 million of GWP and 150 million policies for 2022
During the Grand New Office Opening event on 17th March, 2023, insurtech company Fuse announced more than 150 million policies, with GWP exceeding US$ 200 million (IDR 3 trillion) being achieved in 2022. In terms of GWP and policies, it represents more than 200% and…
Insights
East Ventures’ strategy to strengthen ESG in its ecosystem
The environmental and sustainability issues are becoming more urgent than ever today. No one is immune from these issues, and all stakeholders must take necessary actions to minimize the impact now. With this issue in mind, we at East Ventures strengthen our ESG strategy based…
Insights
‘Investors are becoming more selective, especially when it comes to risks and valuations’: Roderick Purwana
With the threatening global economic condition that overshadows the tech industry, keeping one’s optimism is not an easy feat. This, which also stems from the COVID-19 pandemic, has resulted in multiple layoffs within the tech industry, both globally and domestically. However, the US tech industry…
From Portfolios
Indonesia’s Traveloka eyes sustainability demand as tourists return
Online booking unicorn seeks ‘quality’ partnerships for wider ASEAN market share. Traveloka, Indonesia’s leading online travel booking site, will roll out more sustainable travel options for users this year, the company’s president told Nikkei Asia, as the tech unicorn aims to expand its share in…
Insights
‘The impact of SVB does not directly affect our ecosystem’: Willson Cuaca
News of the ‘collapse’ of Silicon Valley Bank (SVB) continues to loom over the global tech startup ecosystem – Indonesia is no exception. As of March 2023, the 16th largest bank in the United States was shut down due to the significant decrease in the…
Insights
How beauty is changing in 2023
Behind its allure and aesthetic appeal, the beauty industry has proven to be recession-proof in the face of various macroeconomic shocks over the past two decades. The “Lipstick Effect” or “Lipstick Index”– an economic indicator from the beauty category, suggests that during periods of recession…
Press Release
Bababos, Indonesia-based raw material procurement startup, secured pre-seed funding led by East Ventures
Bababos, Indonesia-based raw material procurement platform for small and medium enterprises (SME) manufacturers, announced the pre-seed funding led by East Ventures, the leading and pioneering sector-agnostic venture capital firm in Indonesia. The fresh fund will be primarily utilized to build a seamless platform that connects…
Insights
Closing the gap: Investing in women can drive economic growth
Gender equality is not just a moral issue; but also a key driver of economic growth and development. Investing in women entrepreneurs and addressing the deepening inequalities they face can create a more stable, resilient, and inclusive society that benefits everyone. This message is part…
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