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News and updates
Insights
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…
Press Release
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, announced that it has secured US$ 1 million in seed funding. This funding was led by East Ventures, with the participation from SMDV, ARISE, MDI Ventures and a few angel investors. Bananas has also been accepted into…
From Portfolios
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 (IDR 1,5 trillion). This represents more than 2% of the market share in terms of the general insurance market. Despite the challenging…
Press Release
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$30 million Series A follow-on funding led by Vertex Ventures Southeast Asia & India. The round also saw participation from existing investors Prosus Ventures, AC Ventures, East Ventures (Growth Fund), Indogen Capital, SMDV and SIG…
Press Release
Inteluck, technology-driven logistics platform in Southeast Asia, announced US$ 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…
Press Release
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. *** Indonesia’s…
From Portfolios
Got “Mental Struck,” Platforms can now help
Changes and innovations are not constantly bringing good stories. It appears to create mental health issues, which emerge to be more complex. Thus, “Kena Mental” (English: Mental Struck) appears. Traditional consulting might not be enough, so people are looking for platforms to share their problems. …
Press Release
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…
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