East Ventures, a pioneer in Southeast Asia’s venture capital scene, closes its inaugural GP-led secondary transaction with Coller Capital
East Ventures, a pioneering and leading venture capital firm in Indonesia and Southeast Asia, announced today that it has closed its inaugural GP-led secondary transaction. Led by a global secondary firm, Coller Capital, East Ventures offered limited partners in its East Ventures 5 L.P. (“EV5” or the “Fund”), liquidity, bringing the total distributions-to-paid in the capital (“DPI”) of the Fund to approximately 2.0x.
Indonesia’s MAKA Motors debuts first locally designed electric motorcycle, MAKA Cavalry
MAKA Motors, an electric vehicle company focused on accelerating Indonesia’s journey to self-sufficiency in automotive technology, has officially launched its first locally designed electric motorcycle, MAKA Cavalry. With this launch, MAKA Motors aims to redefine the riding experience for Indonesian consumers while advancing the electric vehicle ecosystem within the region, the company said in a statement on Wednesday.
Startups can expect brighter 2025 after prolonged funding winter
Startups are expected to find it easier to secure funding in the year ahead after a tough 2024 which saw rising costs, muted investor interest and geopolitical developments hampering their growth. Industry players told The Straits Times that the local funding landscape is poised to be buoyant in 2025, driven by expected rate cuts and more investments targeting Southeast Asia.
Indonesia’s manufacturing companies: The next economic powerhouse
The expansion of Indonesia’s manufacturing industry has shown a positive trajectory following the global COVID-19 pandemic in 2020. The industry was worth US$240 billion in 2022 and was the 12th-biggest manufacturer in the world. The nation’s manufacturing industry grew by 4.64% in 2023 and contributes around 20% to Indonesia's total Gross Domestic Product (GDP), which amounted to US$1.371 trillion.
Reinventing leadership: Insights from former executives turned startup founders
The recent East Ventures Summit 2024, held in July this year, brought together over 100 experts and leaders in the Southeast Asian tech, startup, and business landscape to share their nuanced insights in more than 30 simultaneous panels.
Battle of the AI transcribers: Meeting.ai takes on Otter.ai
Speech-to-text technology has been around for a while, but breakthroughs in generative AI are intensifying the competition to perfect it like never before. Suddenly, everyone seems to be claiming they offer AI-powered meeting transcription services.
Charting new territories: 4 key strategies for business expansion
In an increasingly globalized economy, companies are constantly exploring new markets to drive growth and enhance their competitive edge. The World Trade Organization estimates that world merchandise trade growth totaled 2.7% in 2024 and forecasts it to grow to 3.0% in 2025, highlighting the immense potential for market expansion for businesses.
Uncovering the potential of D2C brands in Southeast Asia
The recent East Ventures Summit 2024 panel brought together leaders from Southeast Asia’s booming direct-to-consumer (D2C) market. Jackson Aw, Founder and CEO of Mighty Jaxx, Roshni Mahtani Cheung, Founder and Group CEO of The Parentinc, and Stephani Herman, Co-Founder and CEO of Compawnion, shared insights into how new-age digital brands like theirs are reshaping the retail landscape across the region.