East Ventures consistently races in the perfect storm: 2023 recap & 2024 outlook
The tech industry weathered an intense “perfect storm” of crises these past two years. The global economy is in a complex state characterized by uncertainty, making caution our guiding principle. We find ourselves in a landscape where valuations are far from their peak, the global economy remains sluggish, inflationary pressures persist, and the threat of a potential global recession looms large.
Investing in Southeast Asia’s digital ecosystem: Interview with East Ventures’ Partners
Southeast Asia is resilient in a global tech landscape marked by turbulence, showcasing distinctive strengths amidst adversity. As a pioneering and leading sector-agnostic venture capital (VC) firm, East Ventures remains committed to fostering and investing in Southeast Asia’s digital ecosystem.
RI digital economy to grow on slower trajectory amid profitability push
Indonesia is expected to see a deceleration in its digital economy growth in the coming years, in line with other emerging countries in the ASEAN region, as tech companies in the bloc face pressure to shift to profitability after years of focusing on growth.
Harnessing the potential of an integrated ASEAN
Amidst global economic challenges, the ASEAN region stands out as a symbol of strength and adaptability. At the Tech In Asia Conference 2023, Roderick Purwana, Managing Partner at East Ventures shared his insight with Willis Wee, Founder of Tech in Asia, who also moderated the panel titled “Harnessing the potential of an integrated ASEAN.”
Building a legacy: East Ventures’ vision and commitment to ASEAN’s flourishing future
Amidst global economic challenges, the ASEAN region stands out as a symbol of strength and adaptability. Holding the title of the world's fifth-largest economy, ASEAN boasts impressive numbers: a combined GDP of US$4 trillion, a population of 650 million, over 70 million small and medium-sized businesses, and a potential to grow its economy by US$200 billion. This remarkable growth is powered by its large population, forward-thinking trade policies, and a stable political environment, leading to a rapid increase in the region's overall wealth.
East Ventures remains bullish with the vision of integrated Southeast Asia amidst the global geopolitical and uncertain market
The global economy remains uncertain due to high inflation globally and geopolitical conditions. This has created challenges for economies in Indonesia and other Southeast Asia countries, particularly for digital startups.
Roderick Purwana: Boosting ASEAN’s resilience, empowering collaborative investments through the ASEAN Business Entity Initiative
The Association of Southeast Asian Nations (ASEAN) has come a long way since its inception, striving to foster economic and cultural cooperation among its diverse member countries. As we continue on this journey, opportunities remain to enhance intra-ASEAN investments further and collaboration between ASEAN countries.
‘Investors are becoming more selective, especially when it comes to risks and valuations’: Roderick Purwana
With the threatening global economic condition that overshadows the tech industry, keeping one’s optimism is not an easy feat. This, which also stems from the COVID-19 pandemic, has resulted in multiple layoffs within the tech industry, both globally and domestically.