Indonesia’s beauty commerce, Sociolla, shows e-commerce can fight plastic pollution
Many cosmetics, skincare, or other beauty products are packaged very attractive to engage buyers. Realize it or not, waste is commonly and inevitably built into the beauty industry's business model. With the rising beauty consumption that leads to the growing impulsive beauty shopping trend in our society, the waste issue in the beauty industry is getting more critical than ever.
Technology integration enables nuanced experience in shopping
The development of digitalization is not always about shifting from offline to online; it is also the integration of many things. Although Indonesia’s income per capita is not yet the biggest in Asia, digital adoption in our country is relatively successful. Also, mobile phone ownership grows more exponentially in Indonesia compared to other countries. The pandemic has accelerated the demand to shift from offline to online.
East Ventures 2021 recap: 80+ deals made across SEA’s fastest growing sectors, aiming for sector diversification in 2022
Welcoming the new year of 2022, East Ventures is taking this opportunity to look back and reflect on the year 2021. Just like the rest of the world, the COVID-19 pandemic has also severely impacted our ecosystem—not only Indonesia, but it also took a heavy toll on Singapore and other SEA countries as well.
East Ventures di 2021: 80+ deal di berbagai sektor unggul di Asia Tenggara rampung, mengincar diversifikasi sektor di tahun 2022
Menyambut tahun 2022, East Ventures mengambil kesempatan ini untuk melihat kembali dan merefleksikan tahun 2021. Sama seperti di seluruh dunia, pandemi COVID-19 juga memberikan dampak yang sangat besar pada ekosistem kami—tidak hanya di Indonesia, namun juga Singapura dan negara-negara Asia Tenggara lainnya.
How Traveloka, Waresix and Sociolla raised US $408M in aggregate
How East Ventures’ portfolios, Traveloka, Waresix and Sociolla fought COVID-19 and raised US $408M in aggregate 2 November 2020 JAKARTA — In Tech in Asia Conference on 21 October, East Ventures founding partner, Willson Cuaca moderated a panel about startups in the time of crisis. In this panel, startup founders can learn how East Ventures portfolios - Traveloka, Sociolla, and Waresix - successfully fundraised in total of US$408 million during pandemic. During this session, startup founders can also learn the key traits of success to overcome pandemic crisis. Resilience: How Traveloka bounced back from almost zero revenue [...]
Social Bella raih pendanaan Seri E
Social Bella Kembali Dapatkan Dukungan Investor Lewat Pendanaan Terbaru Di Tengah COVID-19 6 Juli 2020 JAKARTA, 6 Juli 2020 – Social Bella, startup beauty-tech terkemuka di Indonesia, mendapatkan pendanaan dari investor global termasuk Temasek dari Singapura, Pavilion Capital, dan Jungle Ventures. Investasi ini didapatkan perusahaan di tengah turbulensi dalam lingkungan bisnis secara keseluruhan karena pandemi coronavirus. Putaran pendanaan terbaru akan lebih meningkatkan pertumbuhan perusahaan di pasar perawatan kecantikan dan pribadi di Indonesia, yang menurut Euromonitor, diperkirakan akan tumbuh hingga USD 8,5 miliar pada tahun 2022. Dengan dukungan berkelanjutan dari para investornya, Social Bella berada pada [...]
Social Bella raised US$58 million Series E funding
Social Bella Retains Investor Support Through Its Latest Investment Round Amid COVID-19 6 July 2020 JAKARTA, 6 July 2020 - Social Bella raised US$58 million series E funding from existing investors including Singapore-headquartered Temasek, Pavilion Capital, and Jungle Ventures. The investment comes amid turbulence within the overall business environment due to the current coronavirus pandemic. The latest funding round will further boost the leading beauty-tech startup growth in Indonesia’s beauty and personal care market, which, according to Euromonitor, is expected to grow to US$8.5 billion by 2022. With the continued support from its investors, Social Bella is [...]
How Ruangguru and Sociolla Can Reach Their Inflection Point?
In a panel at East Ventures’ 10th Anniversary event, founders of Ruangguru & Sociolla shared how they built their startups and hit inflection point.