EV-DCI 2024: Examining the digital potential of Indonesia’s regions
The East Ventures – Digital Competitiveness Index (EV-DCI) 2024 report has again mapped the digital competitiveness of Indonesia’s provinces and cities. The latest report shows that several provinces are considered to have prospective digital potential, including East Java, Yogyakarta, Bali, Riau Islands, East Kalimantan, North Sumatra, Central Java, Gorontalo, and Southeast Sulawesi.
Waresix on connecting Indonesia’s fragmented logistics under a supply-and-demand aggregation platform
Inspired by the year he spent working in China during the e-commerce boom, Andree Susanto went back home and partnered up with Edwin Wibowo to create Waresix, a logistics tech startup.
Justika Raises Seed Funding from East Ventures, Expanding Public Access to Legal Services in Indonesia
Justika, a legal services marketplace based in Indonesia, announced earlier today that it has secured an undisclosed amount of seed funding. The funding round is led by East Ventures, with participation from Skystar Capital.
Finantier Raises 7-figure Seed Funding Led by East Ventures and Global Founders Capital, Planning to Strengthen Presence in Indonesia and SEA
Finantier, a Southeast Asian Open Finance startup providing an (Application Programming Interface) API platform for financial institutions to access and analyse consumer financial data, has raised a 7-figure seed funding round led by Global Founders Capital (GFC) and East Ventures (EV).
Stockbit helps increase financial literacy and financial access inclusion through technology
Stockbit helps increase financial literacy and financial access inclusion through technology June 3, 2021 As an investment platform in Indonesia, Stockbit has a dual mandate: to increase the country’s financial literacy rate as well as financial access inclusion in order to amass more retail investors. According to East Ventures Digital Competitiveness Index 2021, the pandemic has provided momentum for fintech players to foster a batch of first-time investors through technology. Only two out of five Indonesians have adequate financial literacy, according to a 2019 survey by the Financial Services Authority (OJK). The survey, which involved [...]
SIRCLO enables the growth of e-commerce in Indonesia, helps businesses to serve more consumers
SIRCLO enables the growth of e-commerce in Indonesia, helps businesses to serve more consumers May 17, 2021 Growing up in Bandung, Brian Marshal, Founder and CEO of SIRCLO has come to notice one thing pertaining to the retail business. His hometown, Bandung in West Java, is known as the shopping destination, especially with its famous factory outlets spread all over the city. Offline shopping was the thing and people would spend hours shopping just to live every bit of the experience. Today, as technology becomes an inseparable part of lives, many brand owners from Bandung [...]
Digitalization helps Bali’s small businesses to survive the pandemic
Digitalization helps Bali’s small businesses to survive the pandemic May 4, 2021 As it relies heavily on tourism to support its economy, Bali is one of the provinces hit hardest by the COVID-19 pandemic. However, the crisis became a springboard for a digital leap in the Island of the Gods, allowing Bali to break through the domination of Java provinces in the East Ventures Digital Competitiveness Index 2021 (EV-DCI 2021). East Ventures Digital Competitiveness Index 2021 report shows that Bali ranks at 4th place in terms of digital competitiveness. Bali is the province with the [...]
East Ventures DCI: Nongsa Digital Park boosts digital ecosystems in Riau Islands, a tech talent magnet in Indonesia-Singapore border
East Ventures DCI: Nongsa Digital Park boosts digital ecosystems in Riau Islands, a tech talent magnet in Indonesia-Singapore border April 14, 2021 According to the EV-DCI (East Ventures Digital Competitiveness Index) 2021, among the most digitally competitive provinces, the Riau Islands sets itself apart. Compared to the other provinces in the top 10, Riau Islands’ population is minuscule. Its geography also comes into play: around 1.7 million of the province’s residents live in small islands at the outermost part of Indonesia. However, the Riau Islands successfully broke into the dominance of provinces in Java islands, [...]