Capturing Indonesia’s beauty wave: A blooming market with immense potential
Indonesia, a rapidly growing economy with the world's fourth-largest population, is emerging as a significant market for the global beauty and personal care industry. This sector is currently valued at US$7 billion and is projected to reach US$10 billion by 2027, with a healthy annual growth rate of 10%.
Investing in healthtech to tackle Indonesia’s greatest challenges
The COVID-19 pandemic has exposed critical gaps in Indonesia’s healthcare infrastructure, revealing structural and systemic shortcomings that will require scalable solutions. Change doesn't happen overnight, particularly for the healthcare sector, which consists of multiple intertwined industries with strict regulatory oversight. But precisely because the industry is highly regulated, regulations play a huge role in shaping trends.
A healthy lifestyle begins at your fingertips
A study from the AIA Group in 2018 showed that Indonesia ranked the lowest in the Asia Pacific regarding the application of a healthy lifestyle. Despite being satisfied with their health condition, the research also revealed that Indonesians’ healthy living activities decreased from 4.0 in 2016 to 3.6 in 2018.
Indonesian Health System Transformation
On 25 October 2022, East Ventures moderated a Fireside Chat with the Indonesian Minister of Health, Budi G. Sadikin at the Embassy of the Republic of Indonesia in Singapore. The session was attended by Singaporean health sector private players, Indonesian businesses, and the Indonesian diaspora in Singapore.
Diri Care, a consumer health technology startup, closes US$4.3 million in seed funding co-led by East Ventures and Sequoia Capital India & Southeast Asia’s Surge
Diri Care, a consumer health technology startup, has closed its oversubscribed seed round at US$ 4.3 million, co-led by East Ventures and Sequoia Capital India and Southeast Asia’s Surge, with follow-on participation from prominent angel investor, Henry Hendrawan.