Indonesia’s digital economy to slingshot into its golden era
Indonesia’s digital economy to slingshot into its golden era February 25, 2021 Taking a slingshot as an analogy, Indonesia’s digital economy is the rock that is being pulled back by the COVID-19. Indonesia’s digital economy is more ready than ever to launch into its golden era. With a maturing ecosystem, coupled with the groundwork that has been laid out as a result of the pandemic, Indonesia’s digital economy is ready to take off. Let’s imagine a slingshot. In a slingshot, there are three main components: the rock that will be propelled forward, the force that [...]
Crisis fosters collaboration between startups and corporations: Willson Cuaca
Crisis fosters collaboration between startups and corporations: Willson Cuaca 2 February, 2021 “When a digital company gets dominant, it is like the rise of Thanos. What happens next is Captain America and Iron Man collaborate to defeat Thanos. I think this is what will happen in our ecosystem,” said East Ventures Co-Founder and Managing Partner, Willson Cuaca, in a webinar hosted by PricewaterhouseCoopers (PwC) on January 19, 2021. Collaboration between startups and corporations are more prevalent today as competition becomes more fierce. According to Willson, collaborations will help startups and corporations challenge a company that [...]
Country as a platform: The best version of Indonesia
Country as a platform: The best version of Indonesia 16 December, 2020 Indonesia as a platform has been patched by digital transformation to become the best version of Indonesia. As 2020 comes to a close, let’s take some time to reflect on how this past year has shaped this country through the lens of digital players. The year 2020 has been a year filled with paradoxes, but ultimately, those in the digital industry are winners. While everyone in the world has been physically distanced as a result of safe distancing orders and city lockdowns initiated [...]
Crisis or no crisis, entrepreneurship persists
Crisis or no crisis, entrepreneurship persists 8 December, 2020 The ongoing COVID-19 pandemic has brought about transformations to our daily lives. Not only has it changed individuals, it also reconstructed the way the economy works. One of the most noticeable consequences is a paralyzed economy, which in turn results in a financial crisis. A hit on the economy like now is highly likely to deter people from realizing a business they had long planned for. The term entrepreneurship suddenly makes people nervous when mentioned during a financial crisis. However, is entrepreneurship really not possible during [...]
How Traveloka, Waresix and Sociolla raised US $408M in aggregate
How East Ventures’ portfolios, Traveloka, Waresix and Sociolla fought COVID-19 and raised US $408M in aggregate 2 November 2020 JAKARTA — In Tech in Asia Conference on 21 October, East Ventures founding partner, Willson Cuaca moderated a panel about startups in the time of crisis. In this panel, startup founders can learn how East Ventures portfolios - Traveloka, Sociolla, and Waresix - successfully fundraised in total of US$408 million during pandemic. During this session, startup founders can also learn the key traits of success to overcome pandemic crisis. Resilience: How Traveloka bounced back from almost zero revenue [...]
Willson Cuaca: Covid-19 spurs leap in Indonesia digital transformation
Covid-19 spurs an 18 months leap in Indonesia digital transformation journey, according to Willson Cuaca 9 October 2020 JAKARTA — The physical restrictions and lockdown imposed during the Covid-19 pandemic has accelerated digital adoption in Indonesia. Willson Cuaca, Co-founder and Managing Partner of East Ventures, describes this rapid transformation in Topcast by Tokopedia, a podcast hosted by Tokopedia. The implementation of the strict physical distancing measures, according to Willson, slowed down all high-touch economic activities in Indonesia. For this reason, businesses and consumers have had to adopt various digital platforms to fulfill their needs. Combined with a [...]
Indonesia PASTI BISA Donates RT-PCR Test Kits
Indonesia PASTI BISA Donates 100,200 RT-PCR Test Kits to Labs Across Indonesia 18 June 2020 JAKARTA — Indonesia PASTI BISA has produced and distributed 100,020 RT-PCR test kits to 19 provinces in Indonesia. The development and production of Real Time Polymerase Chain Reaction (RT-PCR) test kits made in Indonesia is one project of the Technology Research and Innovation Task Force for COVID-19 (TFRIC19) formed by the Indonesia Assessment and Application of Technology Agency (BPPT). Indonesia PASTI BISA, a collaborative movement started by East Ventures, raised funds worth IDR 10 billion to provide raw materials for [...]
Indonesia PASTI BISA disbursed IDR 5 billion
Indonesia PASTI BISA disbursed IDR 5 billion to procure raw materials for the production of 50.000 COVID-19 qPCR test kit 7 April 2020 JAKARTA, April 7, 2020 — Indonesia PASTI BISA, a collaborative movement initiated by East Ventures to support effort in fight against COVID-19, disbursed IDR 5 billion to purchase raw materials for the production of 50,000 COVID-19 qPCR test kits Indonesia PASTI BISA is raising fund with a target of Rp 10 billion to support TFRIC19, task force formed by the Agency for Assessment and Application of Technology (BPPT) to fight against COVID-19. [...]