AWST launches with US$ 1.7 million funding led by East Ventures & notable partnerships secured
Singapore-based Web3 company AWST officially launches on 25 October. Leading to its launch, AWST has raised up to US$ 1.7 million in funding led by East Ventures, with participation from 500 Global and Antler. AWST is also the first Web3 company in Asia to work closely with Stripe to facilitate mainstream NFT transactions.
FitHappy, a digital health and wellness startup, secured pre-seed funding from East Ventures
FitHappy, an Indonesian-based healthtech startup, announced that it has secured an undisclosed amount of pre-seed funding from East Ventures, with participation from other investors.
Investment keeps pace, East Ventures looks deeper into startup fundamentals
The global supply chain crisis from the Russo-Ukrainian war and the tightening policies by the Chinese government have resulted in many central banks worldwide raising their benchmark interest rates, and the capital market is more gloomy than it was in the middle of last year.
Cold chain may be the next opportunity for Indonesia’s logistics startups
Indonesian last-mile logistics startup Paxel found that almost half of its shipments are of frozen food – primarily from MSMEs sending their products to customers. This is despite the company’s fleet mainly made up of motorcycles that are not equipped with any kind of refrigeration.
Reimagining Indonesia’s agriculture by strengthening the supply chain
Indonesia is known as one the world’s major agricultural nations and some of the world’s largest producers and exporters of crops such as rubber, copra, palm kernels, palm oil, coffee, cocoa, and spices. However, Indonesia’s agriculture technology and productivity falls behind neighboring countries, something we believe that we can improve the industry by improving the supply chain.
Superkul, a cold chain and chiller-based last-mile delivery startup, raised seed funding led by East Ventures
Superkul, a cold chain & chiller-based last-mile delivery services startup, announced the completion of its seed funding round led by East Ventures, the leading and pioneering sector-agnostic venture capital firm in Indonesia. Superkul will allocate the fresh funds mainly to focus on scaling up the operation by adding operation fleets, expanding the team, and enhancing its digital platforms, developing the cold chain mid-mile business to complete the offerings.
Singapore-based DTC Startup Evo raises US$ 600K in seed funding led by East Ventures
Direct-to-consumer (DTC) startup Evo, announces the completion of its US$ 600,000 seed funding round led by East Ventures, with notable angel investors Aaron Tan from Carro, Joel Leong from ShopBack, Mohandass from Spenmo, and Jonathan Tan from Prism+.
Proptech platform, Tanaku raises US$ 5.5m pre-seed funding led by East Ventures to radically transform home ownership in Indonesia
Tanaku, an Indonesia based proptech startup, raised US$ 5.5m of pre-seed funding led by East Ventures. The round included equity and debt capital from an International Bank. The fresh capital will accelerate Tanaku’s mission to make home ownership accessible and radically transform the home buying experience, with the current focus on building the product, expanding the team, acquiring homes, and executing the go-to -market strategy.