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Press Release
FLIK, a unified checkout solution, secured the US$ 1.1 million of pre-seed funding led by East Ventures
FLIK, an Indonesian-based startup that provides a unified checkout solution, announced that it had secured US$ 1.1 million of pre-seed funding led by East Ventures, with the participation of Init-6, GMO VenturePartners, and Saison Capital. FLIK’s unified checkout solution allows shoppers to have a more…
From Portfolios
Indonesian cosmetics brands see opportunity in halal products
Companies offering halal cosmetics in Indonesia, the world’s largest Muslim-majority country, are aiming to boost the international appeal of their products in Southeast Asia and beyond as they see potential in attracting more non-Islamic consumers. In 2014, Indonesia enacted a law requiring halal certification for a wide…
Press Release
East Ventures races in a perfect storm: 2022 recap & 2023 outlook
2022 has been a challenging year for the tech industry, exacerbated by global issues and geopolitical conflicts. Despite these obstacles, we have managed to navigate through the crises and close the year on a positive note with a lot of significant and impactful endeavors. In…
Press Release
East Ventures announced the 30 team champions from the Coaching and Hackathon Program of Indonesia PASTI BISA Maju Terus Pantang Mundur
East Ventures, a pioneering sector-agnostic venture capital firm that has supported over 250 tech companies across Southeast Asia, has announced the 30 selected team champions from the coaching and hackathon program of Indonesia PASTI BISA, Maju Terus Pantang Mundur (Keep Moving Forward, Never Give Up) or IDPB…
From Portfolios
Indonesian D2C beauty brands build foundation for regional expansion
In 2020, Indonesian beauty marketplace Sociolla expanded to its first overseas market – Vietnam. Like in its home turf, Sociolla Vietnam offers products from global brands like Maybelline and Neutrogena as well as South Korea’s Laneige. The marketplace also stocks cosmetics from Esqa, Avoskin, and Carasun – all Indonesian brands making…
Insights
Ten Indonesian provinces scored the most outstanding digital advancements in 2022
While the capital city Jakarta and West Java remain at the top positions, East Ventures’ latest digital competitive index shows that other provinces are catching up fast Bengkulu and West Papua are two provinces with improvements in digital competitiveness over the past year that slingshot…
Insights
Despite the global challenges, East Ventures remains bullish for Indonesia’s digital outlook for 2023
East Ventures remains optimistic about Indonesia’s digital economy prospect in 2023 despite the looming global economic turbulence. “The GMV growth of Indonesia’s digital economy is roughly double its GDP growth. We believe that the growth is still very robust in a few years. Hence, East…
From Portfolios
How Fuse advances Indonesia’s insurance literacy by leveraging the digital ecosystem
Improving Indonesia’s insurance literacy is an urgent call to increase the low insurance penetration market, East Ventures Digital Competitiveness Index (EV-DCI) 2022 showed Although many insurance firms exist in Indonesia, and efforts to increase insurance access and literacy have been on the rise, the penetration…
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