Desty, Indonesia’s e-commerce solution platform, announced $3.2 million pre-series A funding
Desty, Indonesia’s E-Commerce Solution Platform, Announced $3.2 Million Pre-Series A Funding
Warung Pintar acquired Bizzy Digital to strengthen its end-to-end offerings
Warung Pintar acquired Bizzy Digital to strengthen its end-to-end offerings 24 February, 2021 Warung Pintar, a micro retail technology startup company, today announced the acquisition of Bizzy Digital, an integrated logistics and distribution supply chain B2B platform. The deal combined two companies that work with 600 brands and serve 230,000 retailers in 65 cities across Indonesia and support nationwide networks of distributors. After the acquisition, Warung Pintar solidified its leading position in Indonesia’s nascent B2B e-commerce market. Indonesia’s B2B e-commerce market has immense room for growth - it is expected to grow to become at [...]
Indonesia’s digital economy to slingshot into its golden era
Indonesia’s digital economy to slingshot into its golden era February 25, 2021 Taking a slingshot as an analogy, Indonesia’s digital economy is the rock that is being pulled back by the COVID-19. Indonesia’s digital economy is more ready than ever to launch into its golden era. With a maturing ecosystem, coupled with the groundwork that has been laid out as a result of the pandemic, Indonesia’s digital economy is ready to take off. Let’s imagine a slingshot. In a slingshot, there are three main components: the rock that will be propelled forward, the force that [...]
Crisis fosters collaboration between startups and corporations: Willson Cuaca
Crisis fosters collaboration between startups and corporations: Willson Cuaca 2 February, 2021 “When a digital company gets dominant, it is like the rise of Thanos. What happens next is Captain America and Iron Man collaborate to defeat Thanos. I think this is what will happen in our ecosystem,” said East Ventures Co-Founder and Managing Partner, Willson Cuaca, in a webinar hosted by PricewaterhouseCoopers (PwC) on January 19, 2021. Collaboration between startups and corporations are more prevalent today as competition becomes more fierce. According to Willson, collaborations will help startups and corporations challenge a company that [...]
Country as a platform: The best version of Indonesia
Country as a platform: The best version of Indonesia 16 December, 2020 Indonesia as a platform has been patched by digital transformation to become the best version of Indonesia. As 2020 comes to a close, let’s take some time to reflect on how this past year has shaped this country through the lens of digital players. The year 2020 has been a year filled with paradoxes, but ultimately, those in the digital industry are winners. While everyone in the world has been physically distanced as a result of safe distancing orders and city lockdowns initiated [...]
Crisis or no crisis, entrepreneurship persists
Crisis or no crisis, entrepreneurship persists 8 December, 2020 The ongoing COVID-19 pandemic has brought about transformations to our daily lives. Not only has it changed individuals, it also reconstructed the way the economy works. One of the most noticeable consequences is a paralyzed economy, which in turn results in a financial crisis. A hit on the economy like now is highly likely to deter people from realizing a business they had long planned for. The term entrepreneurship suddenly makes people nervous when mentioned during a financial crisis. However, is entrepreneurship really not possible during [...]
Office Hour with Willson Cuaca: What founders need to know about growing startup business and fundraising
Office Hour with Willson Cuaca: What founders need to know about growing startup business and fundraising 26 November, 2020 The young generation has become more and more creative as technological advancement increases. It has been proven by the high number of emerging start-ups, pioneered by millennials with their innovative startup business ideas. However, many emerging startup founders are still bootstrapping due to the uncertainties regarding fundraising, which in turn might hamper the growth of their startups. In the last virtual conference, Tech in Asia partnered with East Ventures to hold a discussion session that showed [...]
Idea validation with Willson Cuaca: How to start an investment-worthy startup
Idea validation with Willson Cuaca: How to start an investment-worthy startup 12 November, 2020 On 5 November, 2020, Amir Karimuddin from DSLaunchpad 2.0 hosted a question and answer with East Ventures’ Co-Founder and Managing Partner, Willson Cuaca, about startups and idea validation. In this session, aspiring startup founders can learn the importance of idea validation, how to avoid the founder’s bias, and, finally, how to start an investment-worthy startup. Three key points that Willson shares to startup founders are: Let people challenge your ideas to avoid founder's bias Combine top-down and bottom-up approach, focus on [...]