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Insights
Indonesian Unicorn Traveloka Learns What Not to Do from Uber
JAKARTA/TOKYO — When Dita Listya is planning a holiday, looking for a stylish hair salon, or just hoping to kill a couple of hours, the 27-year-old Jakarta resident turns to the same app: Traveloka. “I use Traveloka to compare the prices of hotels and air…
Press Release
Base Secured Seed Funding Led by East Ventures and Skystar Capital
JAKARTA, 09 September 2019 — Base, Indonesia’s 6-month-old personalized direct-to-consumer (DTC) beauty and wellness company, announced earlier today that it has secured an undisclosed amount of seed funding led by East Ventures and Skystar Capital. This fresh investment will fuel Base mission to accelerate the…
Insights
The Opportunity of Startup Ecosystem in Indonesia
We talk to Singapore-based East Ventures about the evolution of their Southeast Asian investment focus and the Indonesian start-up opportunity. 1. How have your funds evolved over the past 10 years (i.e. fund size, industry focus)? When we started East Ventures 10 years ago, we…
From Portfolios
What do Founders Say about East Ventures?
Since its inception in 2009, East Ventures has met—and invested—in hundreds of startup founders from Southeast Asia, Japan, and other parts of the world. We’ve accompanied these founders in the past 10 years on their startup journeys, and felt the ups and downs together. There…
Press Release
Indonesian Social Bella Secures US$40 Million Series D Investment
Social Bella Indonesia (Social Bella), publicly well-known for its beauty e-commerce Sociolla, strengthens its position as the leading beauty-tech company in Indonesia through the announcement of its USD 40 million Series D investment. The round is co-led by EV Growth and Temasek, together with EDBI,…
Insights
Bullish Venture Capital Spot Big Promise in Indonesia’s Trucking Sector
When Indonesia-based early-stage investor East Ventures decided to inject money into a company called Kargo in 2016, it was venturing into unknown territory. No venture capital (VC) firm had previously placed a bet on Indonesia’s problem-ridden trucking space, despite the emergence of a few startups…
From Portfolios
Ng Yi Ying of AllSome Fulfilment on Cracking the Cross-Border Logistics Challenge
Ng Yi Ying, co-founder and CTO of AllSome Fulfillment, was attending Tsinghua University in Beijing when she met her fellow co-founder YiShu Liu, a Chinese national who was Ying’s landlord back then. YiShu Liu now leads AllSome as CEO. Liu was working for Amazon China and…
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