Against the odds: East Ventures’ portfolio rises above the e-Conomy SEA 2024 report’s baseline
Southeast Asia's digital economy is poised for significant growth. The latest report from e-Conomy SEA 2024 by Google, Temasek, and Bain shows how the digital economy demonstrates solid performance with double-digit growth across GMV, revenue, and profit, proving growth can happen alongside profitability.
Easing restrictions help tourism industry grow: Caesar Indra, President of Traveloka
According to a recent report from Meta and Bain & Company, Indonesia is home to about 168 million digital consumers, with 46 percent of them aged 15 or over in 2022. This was a 14 million increase from 2021. The Indonesian Internet Service Provider Association (APJII) also recorded more than 210 million internet users in Indonesia in 2022, an increase from 175 million before the pandemic.
Indonesia’s Traveloka eyes sustainability demand as tourists return
Traveloka, Indonesia's leading online travel booking site, will roll out more sustainable travel options for users this year, the company's president told Nikkei Asia, as the tech unicorn aims to expand its share in Southeast Asia's growing market.
Post-pandemic travel tech: Q&A with Traveloka president Caesar Indra
Planning a trip in the post-pandemic era is tricky—one experiences the familiar excitement and promise of adventure, but mixed in with that is a sense of uncertainty. After the last two years, travel is no longer what it once was, with several businesses having been shut down and regulations constantly changing.
Digital talent development in accelerating digital competitiveness
Research by the IMD World Digital Competitiveness Ranking 2021 showed that Indonesia is ranked 53rd of 63 countries. Another index, Global Innovation Index which measures a country’s innovation capability, reported that Indonesia has remained in the same position from 2018 to 2020, which was the 85th rank.
‘What it takes to be Indonesia’s next unicorn’: David Fernando Audy
Maintaining a successful and sustainable business is not only about having the brightest ideas nor having the largest amount of capital. It is also about execution, building the right team and giving the right solutions. However, above all, there are four pivotal pillars that startup companies must have as their strengths in order to transform into unicorns.
Member.id raises US$1.1 million from East Ventures and Traveloka, helps brands to tap into Indonesia’s booming creator economy
Member.id raises US$1.1 million from East Ventures and Traveloka, helps brands to tap into Indonesia’s booming creator economy 17 February, 2021 Member.id, a loyalty service provider, marketing and technology firm, announced earlier today that it has secured US$1.1 million in a Series A round led by East Ventures with a strategic investment from Traveloka. The investment will help the company scale up its content creation capabilities to further accelerate its mission in changing the loyalty landscape in Indonesia and its vision in influencing customer behavior to positively impact business and society. Member.id also announced its [...]
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 [...]