‘A solid and integrated digital ecosystem is what jumpstarts Indonesia’s digital economy’: Willson Cuaca
Here is one riveting fact about our treasured country, Indonesia: it is the world’s largest archipelago consisting of 17,508 islands. Out of 600 million of Southeast Asia’s population, 270 million inhabit Indonesia. What is more, US$ 1.1 trillion out of US$ 2.1 trillion of Southeast Asia’s economy is located in Indonesia. That being said, Indonesia is the largest and most homogeneous market in the subregion with profuse economic potentials. The abundant islands dotting the country also signify the many inefficiencies to address and overcome. The vast market with overflowing problems that entail was the reason why East Ventures came to life. As long as problems are consistently lurking around us, it is imperative that we bring solutions and innovations to the table.
Asumsi announced US$ 700,000 of funding from East Ventures
Asumsi, a multi-platform digital media company, announced earlier today that it has secured US$ 700,000 (approximately IDR 9.9 billion) of funding from East Ventures. The investment aims to further expand Asumsi’s media operation and escalate the engineering team to create a more interactive platform.
SIRCLO announces US$36 million funding led by East Ventures and Saratoga
E-commerce company SIRCLO today announces its funding round worth US$36 million (approximately IDR 515 billion), which was led by East Ventures (Growth Fund) and PT Saratoga Investama Sedaya Tbk. (Saratoga), with participation from Traveloka, Sinar Mas Land, as well as other investors.
Pasarnow, multi-channel e-groceries platform, raised USD 3.3 million seed funding led by East Ventures
Pasarnow, Indonesia-based multi-channel e-groceries platform, announced earlier today that it has secured a USD 3.3 million seed funding led by East Ventures.
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 [...]