Reinventing Indonesia’s supply chain through digital collaboration
Have you ever experienced a lost package when you shop online? Or did your package ever take too much time to arrive at your doorstep when you needed it most? Though serving as the backbone of Indonesia’s economy, the logistics industry still has several flaws. Particularly, inefficiencies in the logistics sector in the country with over 17,000 islands are due to unconnected national supply chain information. This creates a dynamic yet challenging distribution flow.
Exploring Southeast Asia’s logistics horizon
The ongoing problem of high logistics costs has affected the world since COVID-19 began, and Southeast Asia hasn't been spared. The steep expenditure is driven by several factors, such as supply and demand disruptions, geopolitical and economic uncertainty, compounded by surging inflation, and amongst others.
Fresh Factory revolutionizes the cold chain in Indonesia
Larry Ridwan, CEO and founder of Fresh Factory, is a man who had already reached the pinnacle of his career at several major companies but still dared to chart a new course in his life. Born in Ambon, Maluku, Indonesia, Larry took a leap of faith by helping expand the fisheries market in Maluku.
East Ventures’ six startups listed in Forbes Asia 100 to Watch 2023 list
A drought in global venture capital activity has not deterred startups across Asia from breaking new ground. This year’s Forbes Asia 100 to Watch list spotlights small companies and startups that are targeting underserved markets or applying new technologies, from generative AI to blood-based cancer diagnostics.
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.