East Ventures is raising US$ 1 million to provide 1,000 Oxygen Concentrators to Indonesia’s hospitals

East Ventures, a venture capital firm in Indonesia, collaborates with local and overseas stakeholders is raising US$ 1 million to purchase at least 1,000 oxygen concentrators through a collaborative movement, named Indonesia PASTI BISA (IDPB) Safeguards Oxygen.

Fairbanc secures funding from East Ventures, ADB, Accion Venture lab, and Sampoerna to provide embedded credit products to Indonesia’s micro merchants

Fairbanc announced it has raised an undisclosed seven figures investment in a pre-Series A round from ADB Ventures, the Asian Development Bank’s venture arm, Accion Venture Lab, East Ventures, Indonesian billionaire Michael Sampoerna, and others.

1 July 2021|Tags: , , , |

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, [...]

SIRCLO Acquires Orami To Strengthen Omnichannel Services for Brands and SMEs

SIRCLO Acquires Orami To Strengthen Omnichannel Services for Brands and SMEs April 7, 2021 The acquisition of Orami strengthens SIRCLO’s services as the empowerment engine for brands, expanding its consumer reach. SIRCLO and Orami aspire to boost its e-commerce enabler potential. Orami’s strong community and distribution model will complement the omnichannel strategy that SIRCLO’s business line offers through its technology capability and strong infrastructure. SIRCLO and Orami are technology companies backed by East Ventures. E-Commerce enabler company SIRCLO announces its acquisition of Orami, the largest parenting platform in Indonesia that combines Commerce, Content, and Community [...]

9 April 2021|Tags: , , , |

Pandemic accelerated digital transformation in Indonesia, making it more equal

Pandemic accelerated digital transformation in Indonesia, making it more equal March 23, 2021 East Ventures, a pioneering digital startup venture capital in Indonesia has launched the East Ventures Digital Competitiveness Index 2021. Today, the report is also available in English. This is the second year that East Ventures has committed to mapping out the development of the digital economy across Indonesia. Taking “Indonesia’s accelerating digital economic transformation” as this year’s theme, EV-DCI 2021 does not only provide in-depth data on various indicators related to the digital economy but also offers perspectives and insights from renowned [...]