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.
How private and public sectors can collaborate to advance the Indonesian healthcare system
East Ventures has recently launched the White paper: “Genomics: Leapfrogging into the Indonesian healthcare future”, a collaborative report with Indonesia’s Health Ministry and a global consulting company, Redseer, on 16 February 2022, in Jakarta, Indonesia.
Despite the global challenges, East Ventures remains bullish for Indonesia’s digital outlook for 2023
East Ventures remains optimistic about Indonesia’s digital economy prospect in 2023 despite the looming global economic turbulence. “The GMV growth of Indonesia’s digital economy is roughly double its GDP growth. We believe that the growth is still very robust in a few years. Hence, East Ventures is still very much bullish towards our digital economy in 2023,” explains Roderick Purwana, Managing Partner at East Ventures.
How founders should navigate winter situation in sunny Indonesia
The technology sector faces global economic challenges due to the geopolitical situation and fears of an impending recession in the United States (US). This period and the media boom have pulled some digital startups down on corporate valuation and business operations and have implications for layoffs and fundraising struggles.
Recession run: East Ventures’ bets during a downturn
The funding winter is here. News of layoffs and troubles in startups have been cropping up. In this Q&A series, we talk to Southeast Asia’s investors to suss out what opportunities they see, their thinking, and areas of investment they are looking at in the next few months.