‘What it takes to be Indonesia’s next unicorn’: David Fernando Audy
Maintaining a successful and sustainable business is not only about having the brightest ideas nor having the largest amount of capital. It is also about execution, building the right team and giving the right solutions. However, above all, there are four pivotal pillars that startup companies must have as their strengths in order to transform into unicorns.
Komunal expands Indonesia’s financial inclusion through digitalization in government and MSMEs ecosystems
Today, the adoption of the digital economy has increased tremendously outside Jakarta. Despite that, there is still a wide financial gap in Indonesia. This situation called for Hendry and his peers, Kendrick Winoto and Rico Tedyono to give birth to Komunal in 2018 with one vision in mind: to accelerate the country’s financial inclusion by eliminating the aforementioned gap.
Leading Singapore EdTech startup Geniebook raises US$16.6 million in Series A funding Round led by East Ventures and Lightspeed; to scale team with strategic new hires
Geniebook, Singapore’s largest online learning platform for the English, Mathematics and Science (EMS) syllabus, has secured US$16.6 million in a Series A funding round which was led by East Ventures (Growth fund), Lightspeed Venture Partners, several prominent angel investors, as well as senior executives from some of Southeast Asia’s most influential companies like Grab, Shopee and Gojek.
3 ways of becoming exceptional founders and quality startups
In a valuable session of the KOMPASFEST NAVIGATE event on 20 August 2021, Melisa Irene, partner of East Ventures, Brian Marshal, CEO and Founder of SIRCLO, and Mulyono Xu, CEO and Co-Founder of Desty, shared the three things they find pivotal.
East Ventures-backed companies, Nalagenetics and Ruangguru, crowned as Top Startup in the G20 Innovation League 2021
Indonesian healthtech company focusing on personalized screening and intervention Nalagenetics and the leading edtech company in Southeast Asia Ruangguru have been chosen as the Top 10 startup in the G20 Innovation League 2021, an international forum held at Sorrento, Italy, on October 9-10, 2021.
East Ventures co-leads series A funding round of US$ 15 million for Singapore-based Qapita
Singapore-based Qapita, provider of equity management SaaS solutions today announced it has raised a Series A round of US$ 15 million (approximately 213 billion rupiah). This round is co-led by Indonesia-based East Ventures (Growth Fund) and Vulcan Capital, with participation from NYCA and other existing investors including MassMutual Ventures, Endiya Partners. Several existing angel investors including Alto Partners, Partners of the Northstar Group and K3 Ventures invested in this round. This round will see Qapita expand its operations in Indonesia.
Regional logistics platform Luwjistik raises US$ 1.1 million in seed funding round led by East Ventures
Luwjistik, a Singapore-based startup specializing in e-commerce logistics integration, has secured US$ 1.1 million (approximately IDR 15 billion) in a seed round led by East Ventures, with participation from MDI-Finch’s Arise and Global Founders Capital.
Indonesia’s fintech company Komunal raises US$ 2.1 million of series A funding led by East Ventures, further promoting the country’s financial inclusion
Komunal, Indonesia’s first fintech company to offer Neo-rural bank services locally, announced earlier today that it has secured US$ 2.1 million (approximately IDR 30 billion) in the Series A funding round. The investment is led by East Ventures with participation from Skystar Capital. Both investors also backed Komunal in the seed funding round. The fresh capital will accelerate Komunal’s mission to boost financial inclusion in Indonesia by enhancing its latest product DepositoBPR.