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.

Indonesia-based Praktis raises US$20 million of series A funding led by East Ventures

Praktis, an end-to-end supply chain enabler has raised US$20 million of series A round led by East Ventures (Growth fund) with participation from Triputra Group and SMDV. The investment will be allocated to accelerate technology enhancements for the brands sides, at the same time to help the suppliers to have an easier business process, better team building, and enhancement of the end-to-end supply chain ecosystem.

Bababos, Indonesia-based raw material procurement startup, secured pre-seed funding led by East Ventures

Bababos, Indonesia-based raw material procurement platform for small and medium enterprises (SME) manufacturers, today announced the pre-seed funding led by East Ventures, the leading and pioneering sector-agnostic venture capital firm in Indonesia.

Collaboratively leveraging agritech for resilient and inclusive growth

Indonesia is an agricultural powerhouse with over 42 million hectares under cultivation, yet productivity is widely considered to be suboptimal. According to the World Bank, 93 percent of Indonesia's agriculture output is dominated by smallholder farmers who earn an average of US$ 3.20 per day, younger generations are becoming increasingly uninterested in the sector.

Singapore-based TreeDots secures US$ 11M series A investment led by East Ventures and Amasia

TreeDots, Asia’s first vertically integrated food supply chain ecosystem, announced today that it has successfully closed an oversubscribed US$11 million Series A fundraise. The round was co-led by East Ventures and Amasia.