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.

Bababos, manufacturing raw material procurement Platform, has secured US$3 million in Seed funding round led by East Ventures

Manufacturing raw material procurement platform, Bababos, has secured US$3 million in seed funding. The round was led by East Ventures, with the participation from Patamar Capital and Accion Venture Lab. This new funding was completed six months after the pre-seed funding in March 2023.

Asia’s fastest-growing sneaker marketplace Novelship secures US$9.5 million in series B funding round led by East Ventures, following latest collaboration with Snoop Dogg

Singapore-based online streetwear marketplace, Novelship, has bagged US$9.5 million in its Series B funding round led by East Ventures, iGlobe Partners and GSR Ventures. The new funds will accelerate the company’s move to amplify its brand presence across Southeast Asia.

AMILI, a precision gut microbiome firm, raises new funding led by East Ventures

AMILI, Southeast Asia’s first and only precision gut microbiome company, today announced that it has secured new funding from East Ventures, a pioneering sector-agnostic venture capital firm that has supported over 300 tech companies across Southeast Asia. This fund strengthens AMILI’s balance sheet, following the company’s series A funding in June 2022.

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.

Manufacturing startup Imajin received Seed funding led by East Ventures

Imajin, a manufacturing startup based in Tangerang, Indonesia, announced that it has secured seed funding led by East Ventures, along with the participation of 500 SEA, Init 6, as well as other investors and angel investors. Imajin will allocate this funding to develop its products and services, improve the recruitment, and expand its domestic and international market coverage.