East Ventures-backed founders listed in Forbes’ 30 Under 30 Asia 2023
With global economic uncertainty on the rise and a significant drop in VC funding, young entrepreneurs in Asia-Pacific have faced a new set of challenges in the past year. But the current environment hasn’t killed innovation. Judging by this year’s cohort of 30 Under 30 Asia honorees, creativity has proven to be a valuable asset to survive—and thrive—amid tougher circumstances.
East Ventures’ portfolio companies listed amongst Tech in Asia’s 50 rising startups in Indonesia
Which startups are on the path to becoming the next big thing? One way to tell would be to check when they’ve raised a new round. Tech in Asia has generated a list of startups in Indonesia that have recently raised funding.
Cold chain may be the next opportunity for Indonesia’s logistics startups
Indonesian last-mile logistics startup Paxel found that almost half of its shipments are of frozen food – primarily from MSMEs sending their products to customers. This is despite the company’s fleet mainly made up of motorcycles that are not equipped with any kind of refrigeration.
Fresh Factory, an integrated cold chain fulfillment and enabler startup, secured US$ 4.5 million of seed funding led by East Ventures
Fresh Factory, a cold chain fulfillment startup, has secured US$ 4.5 million of seed funding led by East Ventures, with the participation of PT. Saratoga Investama Sedaya TBK, Trihill Capital, Indogen Capital, Prasetya Dwidarma, Number Capital, Y Combinator, and angel investors.