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.
Based on the Company Perception Survey in the East Ventures-Digital Competitiveness Index (EV-DCI) 2022 report, the agribusiness sector is considered less than optimal in terms of digital utilization. Of the 71 small, medium, and large corporations that participated in the survey, 57.7% of respondents believed that the agribusiness sector is not yet at maximum digital reach.
“From Southeast Asia to the World: New Consumer Trend” is the topic of one of the panel discussions in the East Ventures Summit 2022, where the LPs, partners, founders, and team members of the East Ventures Ecosystem participated in a series of insightful sessions.
Chickin, an Indonesia-based poultry startup, raised an undisclosed amount of seed funding led by East Ventures with the participation of other investors. The investment will accelerate Chickin’s mission in enhancing Indonesia’s food security, where Chickin will allocate the fund to focus on improving their growth, people, technology, partner acquisition, and farmers empowerment to ensure the best quality and maximum amount of production.
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.
The fintech sector has grown exponentially in Indonesia as it could fill the financial gap for millions of people. However, other issues appeared as some people were trapped by illegal fintech lending and lack of financial literacy, making it difficult to manage their wealth and cash flow.
The funding winter is here. News of layoffs and troubles in startups have been cropping up. In this Q&A series, we talk to Southeast Asia’s investors to suss out what opportunities they see, their thinking, and areas of investment they are looking at in the next few months.
AMODA, a property and construction startup in Indonesia, has secured an undisclosed amount of pre-seed funding from East Ventures, the leading sector-agnostic venture capital firm in Indonesia and Southeast Asia.
Kini, an Indonesian on-demand payroll provider, raised US$ 4.3 million of seed funding led by East Ventures, with participation from other investors. Kini will allocate the fresh funds to continue building out its HR-Fintech product suite, and invest in expanding enterprise partnerships and HR tech providers to power their HR-fintech solutions through a single API.
Digital skills are essential for companies in the employee selection process in various professions nowadays. Finding employees with good digital skills and providing higher remuneration than other professions are several forms of companies prioritizing tech investment.
