East Ventures

East Ventures is a venture capital firm founded in 2009, with offices in Singapore, Tokyo, and Jakarta. The firm specializes in seed, early-stage, and Series A investments, focusing on technology and consumer sectors, including fintech, e-commerce, and education technology, primarily in Southeast Asia. East Ventures has supported over 170 companies across the region, with notable investments in Indonesia's unicorns such as Tokopedia and Traveloka. The firm typically invests between $0.1 million and $0.5 million and has been recognized for its consistent performance, being named the most active investor in Southeast Asia. In 2018, it launched a joint venture called EV Growth, aimed at providing growth capital to startups throughout Southeast Asia. East Ventures continues to play a significant role in nurturing the startup ecosystem in the region.

Gavin Adrian

Investment Professional

David Audy

Operating Partner

Batara Eto

Co-Founder and Managing Partner

Devina Halim

Principal

Sang-Uh Han

Partner

Tomoki Hirata

Principal

Wai Kit Koh

Managing Partner

Yinwei Liang

Principal

Taiga Matsuyama

Co-Founder and Managing Partner

Jumpei Mouri

Director

Yoshiharu Okubo

Principal

Avina Sugiarto

Partner

Emily Tampi

Managing Director, Finance

Wesley Tay

Principal

Jordy Tenka

Investment Professional

Alda Wardhana

Principal

Zhengyi Zhu

Investment Professional

Past deals in Indian Ocean

UENA

Venture Round in 2023
Uena is a food and beverage intended to reduce food expenses and increase discretionary income to spend on other things. They provide a menu on the platform where users can see the food items and order their food.

Praktis

Series A in 2023
S.sc is a supply chain management company located in Bandung.

Fit Hub Indonesia

Seed Round in 2023
Fit Hub Indonesia is a Health & Wellness Startup in Indonesia.

Bioma

Pre Seed Round in 2022
Bioma operates an on-demand product marketplace that offers a wide range of quality goods, including electronics, furniture, and kitchen appliances. The company provides a flexible rental model, allowing customers to access necessary assets without the burden of ownership. By utilizing a pay-per-use system, businesses can save costs by paying only for the products they use, making the rental process both hassle-free and economically advantageous. This approach caters to the needs of various users seeking convenient and efficient solutions for their product requirements.

Gokomodo

Series A in 2022
Gokomodo is a supply chain platform focused on agribusiness and commodities, designed to facilitate access to quality agricultural products. The platform provides clients with a digital procurement solution that enhances efficiency and transparency in the purchasing process. By offering high-quality products at competitive prices, Gokomodo aims to streamline the supply chain for its users, making it easier for them to source the necessary materials for their operations.

Diri

Seed Round in 2022
Diri Care specializes in personalized healthcare solutions, focusing on online clinical beauty and health products. The company offers a range of self-care services, including consultations and diagnoses, that cater to individual needs. Diri Care provides options for skin and haircare, along with continuous communication with clinical teams, empowering individuals to manage their health effectively and affordably. By integrating products with personalized services, Diri Care aims to enhance the overall self-care experience for its users.

Pintarnya

Seed Round in 2022
Pintarnya is a mobile application designed to enhance employment and financial opportunities for blue-collar workers in Indonesia. The platform operates as a job portal that employs a data-driven approach to connect job seekers with relevant job opportunities. Users can create simple resumes and apply for curated positions tailored to their skills, location, and the specific requirements of employers. By streamlining the hiring process, Pintarnya aims to make it more efficient for both job seekers and employers.

Chickin

Seed Round in 2022
Chickin specializes in agro-technology solutions aimed at improving broiler chicken production for local farmers. The company offers an Internet of Things (IoT) and data analytics platform that facilitates livestock monitoring, cage management, and climate control. By providing access to critical data such as daily sales and production metrics, Chickin enhances farm performance and enables better risk management through preventive measures. The technology is designed to adapt to varying climatic conditions, tracking parameters like temperature and humidity, and it also records the age of each poultry. This comprehensive approach supports farmers in effectively managing their operations while optimizing productivity.

Tanaku

Seed Round in 2022
Tanaku is a real estate firm that specializes in property development, real estate sales, and short-term rental homes.

AMODA

Pre Seed Round in 2022
AMODA democratizes the construction process so that it becomes simple and transparent, empowering individuals and business owners with a faster, more cost-effective, and high-quality asset.

PT Kini Teknologi Indonesia

Seed Round in 2022
HR technology platform designed to benefit Indonesian businesses while empowering and engaging employees.

McEasy

Series A in 2022
McEasy is a software-as-a-service (SaaS) company that specializes in logistics vehicle management and tracking. It has developed a digital technology platform that leverages telematics to enhance the efficiency and analytics of logistics operations. This platform offers businesses integrated support for vehicle location tracking, thereby improving supply chain transportation and warehousing processes. By focusing on digital assistance, McEasy addresses the growing need for effective management solutions in the logistics sector.

Fresh Factory

Seed Round in 2022
Fresh Factory operates a hyperlocal cold chain fulfillment platform designed for businesses that sell perishable goods. The company provides an online platform that allows users to select a warehouse based on their target expansion area. Once products are shipped to the chosen warehouse, Fresh Factory handles inventory management, storage, picking, packing, and last-mile delivery services. This enables businesses to distribute their products through e-commerce channels, ensuring faster delivery while maintaining freshness and quality control.

Ismaya

Venture Round in 2022
Ismaya Group, established in 2003, is a prominent player in the lifestyle and hospitality industry, focusing on creating enduring lifestyle brands. The company is dedicated to delivering exceptional experiences across its diverse portfolio, which includes a variety of food and beverage concepts, event organization, and artist management. With a commitment to innovation, Ismaya Group has expanded its reach to major cities in Indonesia, Southeast Asia, and beyond, consistently striving to enhance customer engagement and satisfaction. The group's passion for building strong brands and memorable experiences positions it as a leader in its sector.

Biteship

Seed Round in 2022
Biteship is a logistics solution tailored for small and medium-sized enterprises in the e-commerce sector. The company has developed a delivery management platform that automates shipping and fulfillment processes, allowing businesses to streamline their operations. Its platform includes a shipping API, a user-friendly dashboard, and plugins compatible with popular e-commerce platforms. By utilizing these features, customers can enhance efficiency in their shipping and fulfillment tasks, ultimately saving valuable time and reducing operational costs.

IDN

Series D in 2022
IDN Media Company is a prominent multi-platform digital media entity in Indonesia, catering primarily to affluent Millennials and Gen Z. Founded in 2014 and based in Surabaya, it operates several digital platforms, including IDNtimes.com, which offers engaging content such as visuals, quizzes, and listicles; IDNtv, a producer of web series and branded videos; and Popbela.com, which focuses on lifestyle and pop culture for young urban women. Additionally, IDN Media has IDN Creative, an agency dedicated to native advertising, and IDN Event, which organizes live events showcasing the creativity and talents of its target audience. The company aims to democratize access to accurate and positive information, ultimately serving as a voice for the younger generations in Indonesia.

MySkill

Seed Round in 2022
MySkill is an online educational platform designed to assist users in advancing their careers. The company offers a range of services, including certified e-learning programs that can be accessed anytime and anywhere, interactive boot camps, and private mentoring with industry experts. Additionally, MySkill features job discovery tools that help users identify and pursue relevant employment opportunities. By providing these digital solutions, MySkill aims to equip job seekers with the skills and knowledge necessary for career development.

Mekari

Series E in 2022
Mekari is a SaaS company based in Indonesia. Products include Talenta, Sleekr, Jurnal, and KlikPajak.

Keyta

Funding Round in 2022
Keyta is a digital platform designed to streamline the operations of online sellers through an embedded keyboard application. This innovative solution consolidates essential features that facilitate sales transactions, allowing users to access various tools without switching between multiple platforms. Keyta's platform includes functionalities such as auto-text templates, real-time delivery cost checks, invoice creation, and transaction management. By integrating these capabilities into one application, Keyta enhances the efficiency of day-to-day operations for online sellers, enabling them to manage sales, arrange shipments, and communicate with customers seamlessly.

Pasarnow

Series A in 2022
Pasarnow offers fresh groceries and farm products to both individual and business customers. The company has partnered with more than 1,000 farmers and suppliers for its online marketplace.

Waresix

Series B in 2022
Waresix is a logistics platform for freight-forwarding, warehouse, and land transportation. It is a platform that matches unused warehouse space with users in need of such facility, looks to capitalize on the demand for flexible warehousing given the booming e-commerce market in the country. Waresix provides a solution for dynamic warehousing strategy that allows customers, retailer, distributor, and manufacturer to quickly adapt to variable demand. Waresix is headquartered in Jakarta, Indonesia.

TipTip

Seed Round in 2022
TipTip enables content creators to earn revenue from creating personalized video sessions, selling digital content, and interacting with their followers. It provides on-platform tipping features, including integration with payment providers.

Wagely

Funding Round in 2022
wagely is a unique employee benefits solution that enables your employees to access part of their already earned wages allowing greater flexibility to pay bills on time, avoid late fees, and pay for unexpected expenses – all in one click.

Grow Commerce

Seed Round in 2022
Grow Commerce specializes in acquiring and scaling brands to maximize their growth potential. The company provides brand owners with fair and flexible valuation options, facilitating their ability to sell their businesses. By leveraging a technology-driven approach, Grow Commerce aids in accelerating the growth of acquired businesses, allowing owners to achieve their financial objectives more swiftly. This combination of operational support and strategic valuation empowers business owners to make informed decisions about cashing out their investments.

Grupin

Seed Round in 2022
Grupin is a social commerce platform offering an interactive, community-based shopping experience to consumers.

Bananas

Seed Round in 2022
Bananas offers supermarket delivery services to make grocery shopping more convenient and cost-effective. Customers can have goods delivered quickly after placing an order thanks to the company's use of the rapid commerce idea and delivery of items like meat, veggies, drinks, and several other daily necessities. To promptly deliver fresh food to customers' hands, their pickers and riders put forth a lot of effort. They also make sure that everything is done in a safe and clean manner. The company's fresh fruits and vegetables are primarily sourced directly from hardworking local farmers and small businesses, giving customers peace of mind knowing that their money is supporting local businesses and communities throughout Indonesia.

Aruna

Series A in 2022
Aruna is an Indonesian integrated fishery platform. Aruna helps to create a fair fish trading, improve the livelihood of local fishermen, also bring an affordable and high-quality seafood for communities.

Inteluck

Series B in 2022
Inteluck provides data-driven logistics platform services to enterprises across the Southeast Asia. Inteluck provides trucking, distribution, freight forwarding, contract logistics and customized supply chain services to shippers. We help shippers utilize resources, minimum logistics cost, improve logistics efficiency and reduce waste. Inteluck also helps truckers get additional deliveries, maximize revenue, schedule backloads, obtain fast payment and instant financial services. Headquarters is based in Singapore and operates in other Southeast Asian countries such as Philippines, Thailand, Indonesia and Vietnam.

Riliv

Seed Round in 2022
Riliv is an information technology company located in Jalan Tunjungan.

Moladin

Series A in 2022
PT Moladin Digital Indonesia is an online retailer based in Jakarta, Indonesia, specializing in automobiles and automotive parts. Established in 2017, the company offers a platform for consumers to access information about motorcycles and bikes, facilitating online purchases. Moladin collaborates with more than 40 dealers and several major financing companies, allowing customers to explore various options and discounts on their purchases. In addition to vehicles, the company retails spare parts, apparel, wheels, batteries, and spark plugs, aiming to enhance the overall shopping experience for automotive enthusiasts.

KoinWorks

Series C in 2022
KoinWorks is Indonesia Super Financial App and winner of Asian Banker Financial Innovation Award 2019 for Lending Category. With multiple financial product offers where users can manage both their asset and liabilities under one single platform. A true financial technology evolution, with core DNA in providing accessible and affordable financial solutions for everyone.

Praktis

Seed Round in 2021
S.sc is a supply chain management company located in Bandung.

Xurya

Series A in 2021
PT Xurya Daya Indonesia specializes in the installation and leasing of rooftop solar panels, primarily serving the commercial and industrial sectors. Founded in 2018 and based in Jakarta Selatan, the company offers solar power plants that generate electricity, along with comprehensive operation and maintenance services for solar systems. Xurya operates as a renewable energy platform, facilitating access for rooftop owners to solar lease products while providing investors with stable investment opportunities in solar assets. By combining installation, financing, and maintenance services, Xurya aims to promote a transition to renewable energy and support clients in adopting sustainable solutions for their energy needs.

SaladStop!

Series B in 2021
SaladStop! is a pioneer in the healthy food movement in Singapore and aims to serve the best tasting and most nutritious salads, wraps and grain bowls. SaladStop! currently operates 23 outlets in Singapore and Manila and quickly approaching their vision of becoming the world’s leading nutrition, health and wellness company, expanding to Indonesia and Japan later this year.

Kasual

Seed Round in 2021
Operator of an e-commerce clothing platform intended to combine daywear functionality with personal customization. The company focuses on men's trousers with capabilities of both producing and manufacturing, enabling customers to get clothes at an affordable rate.

Keyta

Pre Seed Round in 2021
Keyta is a digital platform designed to streamline the operations of online sellers through an embedded keyboard application. This innovative solution consolidates essential features that facilitate sales transactions, allowing users to access various tools without switching between multiple platforms. Keyta's platform includes functionalities such as auto-text templates, real-time delivery cost checks, invoice creation, and transaction management. By integrating these capabilities into one application, Keyta enhances the efficiency of day-to-day operations for online sellers, enabling them to manage sales, arrange shipments, and communicate with customers seamlessly.

ShopBack

Series E in 2021
ShopBack offers a one-stop lifestyle portal that powers smarter purchase decisions for consumers. Today, ShopBack is the dominant player in Southeast Asia’s e-commerce Cashback market, with an established presence in Singapore, Malaysia, Indonesia, the Philippines, Thailand, and Taiwan, powering over 1,000 orders per hour. ShopBack enhances shopping by providing up to 30% Cashback for consumers to boost their purchasing power while providing cost-effective marketing solutions for merchant partners. With over 1,300 merchant partners, including Uber, Expedia, and Lazada, ShopBack constantly strives to bring a smarter shopping experience to the consumers. In October 2015, ShopBack was awarded the winner of the Gold award in the Best Start-up (Growth Stage) category and Silver award in the Best Innovative Infocomm Products (Consumers) category at the 7th Singapore Infocomm Technology Federation (SiTF) Awards. This is the local start-up’s maiden voyage in industry awards, pitting against more than 300 nominations for the esteemed titles. The company was recently awarded the Emerging Enterprise Award in September 2016, jointly organized by The Business Times (Singapore) and OCBC Bank, which recognizes outstanding small and medium enterprises (SMEs) in Singapore.

Qapita

Series A in 2021
Qapita Fintech Pte. Ltd. is a Singapore-based company that specializes in equity and transaction management for private companies and startups. Its primary offering is QapMap, a platform designed to facilitate the management of capitalization tables, equity ownership, and employee stock ownership plans (ESOPs). Additionally, Qapita provides QapMatch Solutions, which aid in networking and structuring deals. The company caters to a diverse clientele, including private enterprises, legal counsels, employees, financial advisors, chartered accountants, and investors. Founded in 2019, Qapita also maintains an office in Hyderabad, India.

Komunal

Series A in 2021
Komunal is a financial technology company based in Indonesia that offers a peer-to-peer lending platform. This platform connects small and medium enterprises (SMEs) with individual lenders, facilitating direct relationships that support economic growth. By enabling micro and small businesses to access unsecured loans, Komunal provides an alternative funding source with competitive interest rates and minimal risk for lenders. The company's services aim to enhance financial inclusion and empower local businesses by streamlining the lending process.

Asumsi

Seed Round in 2021
Asumsi.co is a digital media company based in Jakarta Selatan, Indonesia, that specializes in providing content related to politics, current affairs, and pop culture. Founded in 2015, it operates a multi-platform online presence that features articles and videos designed to deliver diverse perspectives and valuable insights on various topics. Asumsi aims to create an inclusive space for information sharing, allowing audiences to engage with the issues that matter to them and enriching the national discourse.

McEasy

Seed Round in 2021
McEasy is a software-as-a-service (SaaS) company that specializes in logistics vehicle management and tracking. It has developed a digital technology platform that leverages telematics to enhance the efficiency and analytics of logistics operations. This platform offers businesses integrated support for vehicle location tracking, thereby improving supply chain transportation and warehousing processes. By focusing on digital assistance, McEasy addresses the growing need for effective management solutions in the logistics sector.

Sirclo

Series B in 2021
SIRCLO is a company based in Jakarta, Indonesia, established in 2013, that specializes in developing a website-building platform aimed at facilitating online sales for businesses. The platform offers a comprehensive e-commerce service, providing tools for creating professional, template-based websites that enable seamless online transactions. Additionally, SIRCLO supports end-to-end e-commerce management through features such as marketplace integration and multi-channel management services, allowing businesses to sell across various platforms from a single access point. By empowering businesses with reliable technologies, SIRCLO enhances their ability to engage customers and streamline online sales operations.

Legit Group

Seed Round in 2021
Legit Group is a cloud kitchen company operating in Southeast Asia, specializing in the creation of food and beverage brands tailored for delivery services. The firm offers a dual-platform approach that caters to both offline and online dining experiences. For offline dining, food is prepared for immediate consumption, while the online dining service ensures that meals remain fresh and in optimal condition during delivery, even under challenging circumstances. This model allows Legit Group to provide customers with affordable, high-quality food options, emphasizing convenience and freshness in the growing delivery market.

Pasarnow

Seed Round in 2021
Pasarnow offers fresh groceries and farm products to both individual and business customers. The company has partnered with more than 1,000 farmers and suppliers for its online marketplace.

Mindtera

Seed Round in 2021
Mindtera is an education-focused company based in Jakarta, Indonesia, established in 2021. It leverages technology to promote personal growth through a comprehensive understanding of multiple intelligences, including Emotional, Social, Physical, and Occupational Intelligence. Mindtera provides personalized online life coaching and a range of resources designed to enhance individuals' quality of life. The platform also serves as an employee assistance tool, aiming to improve productivity and well-being within organizations. By offering assessments, coaching, and daily productivity resources, Mindtera helps businesses cultivate a more effective and sustainable workforce.

RaRa Delivery

Seed Round in 2021
RaRa Delivery is an e-commerce logistics company based in Jakarta, Indonesia, specializing in delivery services. It offers cash on delivery (COD) options and real-time tracking through an application program interface (API), enhancing the customer experience. The company caters to the growing demand for efficient logistics solutions in the e-commerce sector, providing reliable and timely delivery to its clients.

Feedloop

Series A in 2021
Feedloop is a software-as-a-service platform that specializes in interactive content marketing services. Founded in 2018 and based in Bandung, Indonesia, the company enables clients to create engaging interactive campaigns, including surveys, quizzes, and storytelling. By focusing on digital brand activation, Feedloop helps businesses enhance their marketing strategies through innovative and interactive content that fosters customer engagement.

Aruna

Series A in 2021
Aruna is an Indonesian integrated fishery platform. Aruna helps to create a fair fish trading, improve the livelihood of local fishermen, also bring an affordable and high-quality seafood for communities.

Ituloh!

Pre Seed Round in 2021
The first video commerce app for Indonesia! Ituloh is a localized, community-based visual recommendation engine activating millions of KOLs while allowing shoppers to complete the loop from browsing, discovery to purchase across lifestyle categories.

Aruna

Series A in 2021
Aruna is an Indonesian integrated fishery platform. Aruna helps to create a fair fish trading, improve the livelihood of local fishermen, also bring an affordable and high-quality seafood for communities.

Warung Pintar

Series B in 2021
Warung Pintar is a micro retail technology company focused on enhancing the livelihoods of street vendors and underserved communities in Indonesia. By offering smart kiosk stores, Warung Pintar transforms traditional stalls with modern features such as digital point-of-sale systems, free Wi-Fi, and LCD screens. This technological integration not only improves the appearance and functionality of vendor stalls but also provides essential support for individuals seeking to establish their own businesses. Additionally, the company facilitates access to funding and land for aspiring shop owners, fostering financial inclusion and community engagement. Through data processing and analysis, Warung Pintar creates opportunities for social security and behavior monitoring, ultimately aiming to empower grassroots populations and stimulate economic growth in their communities.

Justika

Seed Round in 2021
PT Justika Media Indonesia operates Justika.com, a platform that connects individuals with legal consultants to address various legal issues. Based in Jakarta, Indonesia, Justika facilitates communication between users and legal professionals, offering services such as telephone consultations, face-to-face meetings, and assistance with legal documents and contracts. The platform caters to a wide range of legal matters, including marriage, inheritance, business contracts, and employment issues. By providing access to credible legal advocates at transparent prices, Justika aims to offer guidance and solutions for users seeking assistance with their legal problems. To date, the platform has assisted over 1,000 individuals with their inquiries.

Finantier

Seed Round in 2021
Finantier operates an open finance platform that delivers essential infrastructure and data products for businesses in Southeast Asia. Founded in 2020 and based in Jakarta Selatan, Indonesia, the company enables institutions to access and enrich datasets from various financial sources, including banks and financial companies. Its platform facilitates services such as account integration, income and identity verification, and recurring payment management. By utilizing application programming interfaces (APIs), Finantier allows businesses to build advanced financial services that integrate consumer data from personal bank accounts, card details, loans, and mortgages. The company aims to position itself as a central player in the region's digital economy.

Flokq

Convertible Note in 2021
Flokq is an online real estate platform based in Jakarta, Indonesia, that aims to transform urban living by addressing housing challenges in cities. Founded in 2019, Flokq provides private rooms and living spaces in premium apartments, ensuring that city dwellers can access beautiful yet affordable homes. The company focuses on creating a sense of community by enabling individuals to connect with like-minded people, thereby combating feelings of isolation prevalent in urban environments. By offering convenient housing options without the burden of hefty deposits, Flokq seeks to make shared living more accessible and appealing, ultimately redefining the experience of urban residency.

Base

Seed Round in 2021
Base is a technology company founded to bring the next beauty experience in Indonesia. Starting with personalized skincare, all Base products are naturally formulated from the holistic online consultation results on consumers' skin type, skin goals, and lifestyle. Fully digitalized, Base is sold directly from www.base.co.id.

Transfez

Seed Round in 2021
Transfez is an Indonesian cross-border money transfer service that facilitates money transfers to over 50 countries in 26 currencies. The company offers a fully digital platform designed to make international money transfers as seamless as domestic transactions. By utilizing this platform, users can send and receive money quickly, often within minutes, while benefiting from relatively low fees. Transfez aims to simplify the remittance process, enabling users to create transactions in various currencies with real-time settlement, thereby enhancing the overall experience of cross-region money transfers.

Sirclo

Series B in 2021
SIRCLO is a company based in Jakarta, Indonesia, established in 2013, that specializes in developing a website-building platform aimed at facilitating online sales for businesses. The platform offers a comprehensive e-commerce service, providing tools for creating professional, template-based websites that enable seamless online transactions. Additionally, SIRCLO supports end-to-end e-commerce management through features such as marketplace integration and multi-channel management services, allowing businesses to sell across various platforms from a single access point. By empowering businesses with reliable technologies, SIRCLO enhances their ability to engage customers and streamline online sales operations.

Bonza

Seed Round in 2021
PT Bonza Teknologi Indonesia is a Jakarta-based startup that specializes in big data analysis and data engineering. The company offers a platform designed to help organizations consolidate their various data sources into a unified system. This service is aimed at a diverse clientele, including data analysts, C-suite executives, and frontline workers. By focusing on the practical application of artificial intelligence, Bonza seeks to connect AI research with real-world implementations, thereby enhancing data-driven decision-making for its users.

Sociolla

Venture Round in 2021
Sociolla is an online beauty and personal care shopping platform based in Indonesia, designed to provide women with a convenient way to purchase a wide range of products, including makeup, skincare, haircare, and perfumes. The platform offers various items such as lip gloss, serums, lipsticks, eyeshadow palettes, hair oils, face masks, and more. Sociolla ensures the authenticity of its products by collaborating exclusively with authorized distributors and brand holders, emphasizing the importance of quality in beauty products that come into contact with the skin. The service also facilitates home delivery, enhancing the shopping experience for its customers.

Bibit

Venture Round in 2021
Bibit is a Robo-advisor application aimed at making investing more accessible in Indonesia. It offers a financial platform that assists users with personal investments by intelligently allocating their funds into a diversified mutual fund portfolio. The platform takes into account individual factors such as age, income, and overall risk profile, thereby providing users with a streamlined and hassle-free investment experience. Bibit effectively combines technology with professional financial planning services, enabling a broader audience to engage in investment activities.

Paxel

Venture Round in 2021
Paxel Teknologi Unggul is a logistics and delivery service provider based in Jakarta, Indonesia, established in 2017. The company specializes in same-day delivery services and operates a logistics application that facilitates urban shipments and packaging solutions. Additionally, Paxel offers a mobile payment service known as Paxel credit for transactions. The company's innovative approach includes the implementation of Paxel Lockers, which serve as storage facilities for package retrieval and provide customers with convenient options for sending and receiving goods. By integrating an on-demand app with an offline locker network, Paxel aims to enhance accessibility and transparency in its delivery services across various cities in Indonesia.

Qapita

Seed Round in 2021
Qapita Fintech Pte. Ltd. is a Singapore-based company that specializes in equity and transaction management for private companies and startups. Its primary offering is QapMap, a platform designed to facilitate the management of capitalization tables, equity ownership, and employee stock ownership plans (ESOPs). Additionally, Qapita provides QapMatch Solutions, which aid in networking and structuring deals. The company caters to a diverse clientele, including private enterprises, legal counsels, employees, financial advisors, chartered accountants, and investors. Founded in 2019, Qapita also maintains an office in Hyderabad, India.

KitaBeli

Series A in 2021
KitaBeli is a startup that sells daily essentials, fast-moving consumer goods (FMCG), and other household items.

Advotics

Venture Round in 2021
Advotics is a company that develops a cloud-based platform aimed at digitizing supply chain activities for stakeholders involved in offline field, trade, and distribution operations. Founded in 2016 and based in Jakarta Selatan, Indonesia, the platform facilitates the management and tracking of sales and distribution, enabling retailers to implement marketing campaigns and access real-time data through mobile technology. Advotics also offers product tracking solutions that utilize digital identities, such as QR codes embedded in packaging, to safeguard against counterfeiting and monitor product movement and inventory. The platform enhances operational efficiency by providing tools for workforce management, warehouse management, advocate relationship management, and delivery planning, ultimately improving visibility into inventory levels and overall business performance.

member.id

Series A in 2021
Member.id is a technology and consulting firm based in Jakarta, Indonesia, specializing in rewards and loyalty programs. Founded in 2014, the company designs and develops a platform that allows customers to convert loyalty points into various miles and redemption options. Member.id also offers third-party management of loyalty programs, providing strategic development, design, management, and analytics services for businesses. By enabling brands to connect with and engage their customers more effectively, Member.id aims to transform the loyalty landscape in Indonesia, helping businesses operate their loyalty programs as profit centers rather than cost centers.

Qapita

Venture Round in 2021
Qapita Fintech Pte. Ltd. is a Singapore-based company that specializes in equity and transaction management for private companies and startups. Its primary offering is QapMap, a platform designed to facilitate the management of capitalization tables, equity ownership, and employee stock ownership plans (ESOPs). Additionally, Qapita provides QapMatch Solutions, which aid in networking and structuring deals. The company caters to a diverse clientele, including private enterprises, legal counsels, employees, financial advisors, chartered accountants, and investors. Founded in 2019, Qapita also maintains an office in Hyderabad, India.

Nusantics

Series A in 2021
Nusantics, a biotechnology company, analyzes microbiome profiles. It offers microbiome profiles for skincare, personal care, food, and beverage industries. The company was founded in 2019 and is based in Jakarta, Indonesia.

Stockbit

Series C in 2021
Stockbit is an investment community based in Indonesia that provides a platform for investors and traders to share ideas, news, and financial information in real-time. The platform allows users to create profiles and follow specific stocks or preferred investors to access valuable insights and engage in discussions. It focuses on the Indonesian market, offering tools for stock price charting and comprehensive financial data, which enables individuals to analyze and make informed investment decisions. Through its features, Stockbit fosters a collaborative environment where users can exchange thoughts and enhance their investment strategies.

Bibit

Series A in 2021
Bibit is a Robo-advisor application aimed at making investing more accessible in Indonesia. It offers a financial platform that assists users with personal investments by intelligently allocating their funds into a diversified mutual fund portfolio. The platform takes into account individual factors such as age, income, and overall risk profile, thereby providing users with a streamlined and hassle-free investment experience. Bibit effectively combines technology with professional financial planning services, enabling a broader audience to engage in investment activities.

Finantier

Seed Round in 2020
Finantier operates an open finance platform that delivers essential infrastructure and data products for businesses in Southeast Asia. Founded in 2020 and based in Jakarta Selatan, Indonesia, the company enables institutions to access and enrich datasets from various financial sources, including banks and financial companies. Its platform facilitates services such as account integration, income and identity verification, and recurring payment management. By utilizing application programming interfaces (APIs), Finantier allows businesses to build advanced financial services that integrate consumer data from personal bank accounts, card details, loans, and mortgages. The company aims to position itself as a central player in the region's digital economy.

Asumsi

Seed Round in 2020
Asumsi.co is a digital media company based in Jakarta Selatan, Indonesia, that specializes in providing content related to politics, current affairs, and pop culture. Founded in 2015, it operates a multi-platform online presence that features articles and videos designed to deliver diverse perspectives and valuable insights on various topics. Asumsi aims to create an inclusive space for information sharing, allowing audiences to engage with the issues that matter to them and enriching the national discourse.

Sirclo

Series B in 2020
SIRCLO is a company based in Jakarta, Indonesia, established in 2013, that specializes in developing a website-building platform aimed at facilitating online sales for businesses. The platform offers a comprehensive e-commerce service, providing tools for creating professional, template-based websites that enable seamless online transactions. Additionally, SIRCLO supports end-to-end e-commerce management through features such as marketplace integration and multi-channel management services, allowing businesses to sell across various platforms from a single access point. By empowering businesses with reliable technologies, SIRCLO enhances their ability to engage customers and streamline online sales operations.

KitaBeli

Seed Round in 2020
KitaBeli is a startup that sells daily essentials, fast-moving consumer goods (FMCG), and other household items.

Aruna

Series A in 2020
Aruna is an Indonesian integrated fishery platform. Aruna helps to create a fair fish trading, improve the livelihood of local fishermen, also bring an affordable and high-quality seafood for communities.

BukuWarung

Seed Round in 2020
BukuWarung is a technology startup founded in 2019 by Chinmay Chauhan and Abhinay Peddisetty in Jakarta, Indonesia. The company offers an accounting and credit management app tailored for micro-businesses, allowing them to efficiently track their financial transactions, including sales, expenses, and customer accounts. The platform integrates digital payment solutions, which facilitate cash and credit management for small merchants. By automating payment reminders, BukuWarung helps users achieve faster repayments and improved cash flow, while also providing essential business reports to enhance financial visibility. Overall, BukuWarung's services empower small businesses to maintain accurate records and streamline their financial operations.

Bonza

Seed Round in 2020
PT Bonza Teknologi Indonesia is a Jakarta-based startup that specializes in big data analysis and data engineering. The company offers a platform designed to help organizations consolidate their various data sources into a unified system. This service is aimed at a diverse clientele, including data analysts, C-suite executives, and frontline workers. By focusing on the practical application of artificial intelligence, Bonza seeks to connect AI research with real-world implementations, thereby enhancing data-driven decision-making for its users.

BukuWarung

Seed Round in 2020
BukuWarung is a technology startup founded in 2019 by Chinmay Chauhan and Abhinay Peddisetty in Jakarta, Indonesia. The company offers an accounting and credit management app tailored for micro-businesses, allowing them to efficiently track their financial transactions, including sales, expenses, and customer accounts. The platform integrates digital payment solutions, which facilitate cash and credit management for small merchants. By automating payment reminders, BukuWarung helps users achieve faster repayments and improved cash flow, while also providing essential business reports to enhance financial visibility. Overall, BukuWarung's services empower small businesses to maintain accurate records and streamline their financial operations.

Nusantics

Seed Round in 2020
Nusantics, a biotechnology company, analyzes microbiome profiles. It offers microbiome profiles for skincare, personal care, food, and beverage industries. The company was founded in 2019 and is based in Jakarta, Indonesia.

Stockbit

Series B in 2020
Stockbit is an investment community based in Indonesia that provides a platform for investors and traders to share ideas, news, and financial information in real-time. The platform allows users to create profiles and follow specific stocks or preferred investors to access valuable insights and engage in discussions. It focuses on the Indonesian market, offering tools for stock price charting and comprehensive financial data, which enables individuals to analyze and make informed investment decisions. Through its features, Stockbit fosters a collaborative environment where users can exchange thoughts and enhance their investment strategies.

Moladin

Pre Seed Round in 2020
PT Moladin Digital Indonesia is an online retailer based in Jakarta, Indonesia, specializing in automobiles and automotive parts. Established in 2017, the company offers a platform for consumers to access information about motorcycles and bikes, facilitating online purchases. Moladin collaborates with more than 40 dealers and several major financing companies, allowing customers to explore various options and discounts on their purchases. In addition to vehicles, the company retails spare parts, apparel, wheels, batteries, and spark plugs, aiming to enhance the overall shopping experience for automotive enthusiasts.

Hacktiv8

Seed Round in 2020
Hacktiv8 is a prominent coding bootcamp in Indonesia, dedicated to transforming absolute beginners into job-ready developers. The institution offers comprehensive training programs that focus on essential skills such as HTML, CSS, and advanced JavaScript, preparing students for the demands of the tech industry. As a pioneer in the region, Hacktiv8 provides Income Share Agreements (ISA), allowing students to access education without upfront costs. Instead, students commit to sharing a portion of their future income, making quality education more accessible and reducing financial barriers. Through its innovative approach to coding education, Hacktiv8 aims to equip individuals with the skills necessary to thrive in the evolving digital landscape.

Waste4Change

Venture Round in 2019
Waste4Change is a waste management service provider in Indonesia focused on reducing landfill waste through technology and collaboration. The company aims to create a sustainable waste management ecosystem that supports a circular economy and promotes a waste-free environment. Its services encompass consultation, campaigning, and waste collection, along with innovative solutions for waste creation and recycling. By engaging with communities, Waste4Change seeks to offer responsible and sustainable waste management practices, contributing to the overall improvement of waste handling in the region.

Komunal

Seed Round in 2019
Komunal is a financial technology company based in Indonesia that offers a peer-to-peer lending platform. This platform connects small and medium enterprises (SMEs) with individual lenders, facilitating direct relationships that support economic growth. By enabling micro and small businesses to access unsecured loans, Komunal provides an alternative funding source with competitive interest rates and minimal risk for lenders. The company's services aim to enhance financial inclusion and empower local businesses by streamlining the lending process.

eKincare

Series A in 2019
ekincare is a patent-pending AI-powered integrated health benefits platform helping organizations and Employees with a Preventive, Predictive and Highly Personalised Healthcare solution. Trusted by many fortune 500 companies ekincare redefines healthcare by being India's first personal health assistant using technology, analytics, and curated services. Our integrated platform provides access to a multitude of online and offline healthcare services such as 24*7 chat with a doc, health check-ups, medicines purchase and delivery, Health coach programs, Mental wellness programs, Gyms & Fitness services, etc

Yummy Corp

Series A in 2019
Yummy Corp is a cloud kitchen management and online catering company based in Tangerang, Jawa Barat. Founded in 2017 by brothers Marbio, Mario, and Marius Suntanu, alongside Juan Chene, the company operates a network of delivery-only kitchens. Yummy Corp specializes in providing fresh and creative food solutions tailored for corporate and group needs, including customizable catering services across various sectors such as corporate, healthcare, and education. Its notable service, Yummykitchen, launched in 2019, offers shared kitchen spaces for existing food and beverage brands, supplying essential infrastructure and staff to facilitate delivery and takeout orders. By focusing on food facility management and signature MICE catering, Yummy Corp aims to enhance customer experiences while effectively managing costs. The company is affiliated with Ismaya Group, a prominent player in the Lifestyle Food & Beverage industry.

StickEarn

Series A in 2019
StickEarn is an innovative advertising platform based in Cempaka Putih, Indonesia, founded in 2017. The company specializes in on-vehicle advertising, providing a unique solution that connects brands with drivers to facilitate impactful advertising campaigns. By leveraging vehicles as mobile billboards, StickEarn offers brands a dynamic way to reach their target audience while providing drivers with an opportunity to earn income through advertising. The platform focuses on creating memorable advertising experiences that enhance brand visibility and engagement.

Aruna

Seed Round in 2019
Aruna is an Indonesian integrated fishery platform. Aruna helps to create a fair fish trading, improve the livelihood of local fishermen, also bring an affordable and high-quality seafood for communities.

Paxel

Series A in 2019
Paxel Teknologi Unggul is a logistics and delivery service provider based in Jakarta, Indonesia, established in 2017. The company specializes in same-day delivery services and operates a logistics application that facilitates urban shipments and packaging solutions. Additionally, Paxel offers a mobile payment service known as Paxel credit for transactions. The company's innovative approach includes the implementation of Paxel Lockers, which serve as storage facilities for package retrieval and provide customers with convenient options for sending and receiving goods. By integrating an on-demand app with an offline locker network, Paxel aims to enhance accessibility and transparency in its delivery services across various cities in Indonesia.

CUMI

Seed Round in 2019
CUMI operates a rental marketplace based in Jakarta, Indonesia, that facilitates the borrowing and lending of a wide variety of goods and services. The platform includes categories such as automotive, electronics, apparel, home and garden, sports, and more, catering to diverse consumer needs. By aggregating verified vendors, CUMI streamlines the rental process, making it easier for users to find and access the items they require. This model not only supports renters in their search for goods but also enhances the market entry for service providers, ensuring a seamless experience for all participants in the rental ecosystem.

JULO

Series A in 2019
PT. Julo Teknologi Perdana operates a mobile application that offers affordable unsecured personal loans to smartphone users, primarily targeting the underbanked population in Indonesia. The platform connects borrowers with institutional lenders, facilitating a streamlined loan application process that allows users to submit personal documents digitally and receive funds within a day after successful verification. Utilizing machine learning, the company assesses borrowers' creditworthiness to determine interest rates and credit limits. JULO promotes responsible borrowing by rewarding positive behavior with cashback bonuses and offering lower interest rates for reliable customers. Founded in 2016 and based in South Jakarta, JULO aims to provide low-cost loan products while maintaining economic viability for its lending partners.

Base

Seed Round in 2019
Base is a technology company founded to bring the next beauty experience in Indonesia. Starting with personalized skincare, all Base products are naturally formulated from the holistic online consultation results on consumers' skin type, skin goals, and lifestyle. Fully digitalized, Base is sold directly from www.base.co.id.

KedaiSayur

Seed Round in 2019
Kedai Sayur is an Indonesian company established in 2018 that operates an online platform for the distribution of daily produce. The platform connects local vegetable hawkers with consumers, facilitating access to a variety of kitchen essentials. Kedai Sayur offers a wide range of products, including vegetables, fish, meat, spices, and fruits, all available for delivery. The company aims to streamline the supply chain for fresh produce while supporting local vendors in the process.

Ride Jakarta

Seed Round in 2019
Ride Jakarta owns and operates indoor cycling studio. The company offers three classes which includes beginners ride for those new to indoor cycling and for one who is new to working out; signature ride suitable for all-levels, and advanced ride for riders who have been to more than ten classes and are familiar with the technique and basics of ride. The company was founded in 2015 and is based in Jakarta, Indonesia.

Ruangguru

Series B in 2019
Ruangguru is the largest technology company in Indonesia focused on education-based services, serving over 6 million users and employing more than 150,000 teachers across 100 subject areas. Founded in 2014 by Belva Devara and Iman Usman, Ruangguru aims to enhance the quality of education in collaboration with local governments, having partnered with 32 out of 34 provincial governments and over 326 municipalities and districts in the country. The platform offers a range of services, including subscription learning videos, a private tutoring marketplace, on-demand tutoring, and online exam tryouts. It also provides an online marketplace that connects students with private tutors, covering various subjects and skills, from standardized test preparation to music and computer courses. Through its Learning Management System, Ruangguru facilitates easy access to educational materials, enabling students to track their progress and prepare effectively for exams.

Wahyoo

Seed Round in 2019
Wahyoo Group, founded in 2017 and based in Tangerang, Indonesia, develops a digital application aimed at supporting traditional food stall owners. The company provides a comprehensive range of products essential for food stalls, including vegetables, groceries, kitchen spices, noodles, tea, coffee, and other necessities. Wahyoo's mission is to enhance the quality of products and services offered by these food stalls, thereby contributing to their business success and overall prosperity. By leveraging technology, Wahyoo standardizes supply chain management, operational processes, marketing strategies, and financial infrastructure, enabling food stall owners to improve their efficiency and reach their goals.

Portl

Seed Round in 2019
Portl is a digital platform that combines advanced sensors & proprietary fitness technologies with AI to create Holistic Health solutions for consumers and athletes.

Waresix

Series A in 2019
Waresix is a logistics platform for freight-forwarding, warehouse, and land transportation. It is a platform that matches unused warehouse space with users in need of such facility, looks to capitalize on the demand for flexible warehousing given the booming e-commerce market in the country. Waresix provides a solution for dynamic warehousing strategy that allows customers, retailer, distributor, and manufacturer to quickly adapt to variable demand. Waresix is headquartered in Jakarta, Indonesia.

Feedloop

Seed Round in 2019
Feedloop is a software-as-a-service platform that specializes in interactive content marketing services. Founded in 2018 and based in Bandung, Indonesia, the company enables clients to create engaging interactive campaigns, including surveys, quizzes, and storytelling. By focusing on digital brand activation, Feedloop helps businesses enhance their marketing strategies through innovative and interactive content that fosters customer engagement.

KedaiSayur

Seed Round in 2019
Kedai Sayur is an Indonesian company established in 2018 that operates an online platform for the distribution of daily produce. The platform connects local vegetable hawkers with consumers, facilitating access to a variety of kitchen essentials. Kedai Sayur offers a wide range of products, including vegetables, fish, meat, spices, and fruits, all available for delivery. The company aims to streamline the supply chain for fresh produce while supporting local vendors in the process.

Advotics

Seed Round in 2019
Advotics is a company that develops a cloud-based platform aimed at digitizing supply chain activities for stakeholders involved in offline field, trade, and distribution operations. Founded in 2016 and based in Jakarta Selatan, Indonesia, the platform facilitates the management and tracking of sales and distribution, enabling retailers to implement marketing campaigns and access real-time data through mobile technology. Advotics also offers product tracking solutions that utilize digital identities, such as QR codes embedded in packaging, to safeguard against counterfeiting and monitor product movement and inventory. The platform enhances operational efficiency by providing tools for workforce management, warehouse management, advocate relationship management, and delivery planning, ultimately improving visibility into inventory levels and overall business performance.
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