Sinar Mas Digital Ventures
East leads $20m Series A for Indonesia's Praktis
East Ventures has led a USD 20m Series A round for Indonesian logistics technology start-up Praktis with support from Sinar Mas Digital Ventures (SMDV).
MDI leads Series A for Indonesia cloud kitchen
MDI Ventures, the corporate VC arm of state-controlled Telkom Indonesia, has led a USD 13.7m Series A round for local cloud kitchen start-up Legit Group.
East leads $13m round for Indonesia's TipTip
East Ventures has led a USD 13m Series A round for Indonesia’s TipTip, a marketplace that connects digital media content creators and their fans.
Strategic players converge in Indonesia waste start-up Series A
Indonesia’s Waste4Change signalled broad appetite for exposure to local waste management services with a USD 5m Series A round featuring a diverse range of strategic backers.
East leads $26m Series A for Indonesia agtech start-up
East Ventures has led a USD 26m Series A round for Indonesia’s Gokomodo, an agriculture technology provider focused on simplifying fragmented and inefficient supply chains.
Fund focus: East Ventures expands its LP rolodex
Indonesia’s East Ventures reached beyond Asian LPs for the first time with its latest growth fund. It coincides with several other milestones that signal a new level of institutionalisation
Indonesia fishery app Aruna extends Series A to $65m
Indonesian fishing industry app Aruna has raised USD 30m led by Vertex Ventures Southeast Asia & India. It is described as an extension of a Series A round launched in mid-2020.
Indonesia e-commerce platform Orami sold to local strategic
Orami, an Indonesian mother-and-baby-focused e-commerce platform backed by numerous venture capital investors, has been acquired by Sirclo, a local e-commerce enabler. Financial details were not disclosed.
Singapore’s East Ventures takes over EV Growth
EV Growth, a joint venture between Singapore’s East Ventures, Indonesia’s SMDV and Japan’s YJ Capital, is dissolving its co-GP structure, with East Ventures taking over as the sole manager.
Duo of Indonesia fishery start-ups attracts funding
Northstar Group and Go-Ventures have led a Series B round of undisclosed size for Indonesia’s eFishery, while East Ventures has backed a $5.5 million Series A for fishing industry app Aruna.
Intudo leads Series A for Indonesia restaurant app
Wahyoo, a digital solutions provider for Indonesian eateries, has raised $5 million in a Series A round led by Intudo Ventures.
Indonesia's Waresix lifts Series A to $25.5m
Indonesia trucking and warehousing platform operator Waresix has closed an extended Series A round at $25.5 million following new contributions from EV Growth and Jungle Ventures.
Indonesia advertising tech supplier gets $5.5m
East Ventures and Sinar Mas Digital Ventures (SMDV) have co-led a $5.5 million Series A round for StickEarn, an Indonesian advertising technology supplier.
Temasek, EV Growth lead $40m round for Indonesia's Social Bella
Temasek Holdings and EV Growth have led a $40 million Series D investment in Social Bella, an Indonesian online services provider for the beauty and lifestyle industry.
EV Growth leads $14.5m round for Indonesian logistics player
EV Growth has led a $14.5 million Series A round for Indonesian logistics industry technology provider Waresix.
Indonesia’s KoinWorks raises $12m Series B
Indonesian P2P lending platform KoinWorks has raised S$16.5 million ($12 million) in Series B funding led by EV Growth and Quona Capital.
Fund focus: EV Growth fills the gap
East Ventures, Sinar Mas Digital Ventures, and YJ Capital have raised $200 million for a fund that will target Southeast Asia's underserved Series B and above space
Singapore's EV Growth closes debut fund at $200m
Singapore-based EV Growth, a joint venture between East Ventures, Indonesia’s Sinar Mas Digital Ventures (SMDV) and Japan’s YJ Capital, has closed its first fund at $200 million.
Rakuten Capital, EV Growth back Singapore's ShopBack
Rakuten Capital and EV Growth have joined a $45 million round for Singapore-based retail rewards platform operator ShopBack.
Indonesia's Warung Pintar gets $27.5m Series B
Warung Pintar, an Indonesia-based smart kiosk start-up, has raised IDR390 billion ($27.5 million) in Series B funding from a group of investors including East Ventures.
Global Brain leads round for SE Asia's Omise
Thailand-based financial technology company Omise has raised a funding round of undisclosed size led by Japanese venture capital investor Global Brain.
SoftBank co-leads $20m round for Indonesia's EV Hive
SoftBank Ventures Korea (SBVK) has co-led a $20 million Series A round for EV Hive, an Indonesian co-working space operator that spun out from East Ventures last year, alongside H&CK Partners and Tigris Investment, both of which are also based in South...
Indonesia VC: Levels of comfort
For all the fervor about technology opportunities in Indonesia, independent local VC firms are thin on the ground. Traditional LPs want to see more evidence of performance before getting involved
Indonesia tech: Sleeping giant
Bullishness around Indonesia’s young online economy has been encouraged by a handful of VC-backed homeruns and promising demographics. Achieving scale in new business models remains a sticking point