East Ventures

First China, now Starbucks gets an ambitious VC-funded rival in Indonesia

Asia’s venture capital-backed startups are gunning for Starbucks. In China, the U.S. coffee giant is being pushed by Luckin Coffee, a $2.2 billion challenger surfing China’s on-demand wave

Warung Pintar raises $27.5M to digitize Indonesia’s street vendors

The digital revolution in Indonesia, Southeast Asia’s largest economy, continues to attract big money from investors. Hot on the heels of a $50 million round for Bukalapak, a billion-dollar comp

Indonesian fintech startup Moka raises $24M led by Sequoia India

Indonesia’s Moka, a startup that helps SMEs and retailers manage payment and other business operations, has pulled in a $24 million Series B round for growth. The investment is led by Sequoia In

Indonesia’s EV Hive raises $20M for its co-working business to rival WeWork

WeWork is setting its sights on Southeast Asia, but that isn’t stopping local rivals from building up their business. In Indonesia, EV Hive — a co-working brand first started by a VC firm

Southeast Asia’s ShopBack moves into personal finance with its first acquisition

Singapore-based e-commerce startup ShopBack came on the radar when it raised $25 million last November, and now the company is making its first acquisition. ShopBack said today it has picked up Seed

New project outfits Indonesia’s street vendors with free Wi-Fi and smart tech

Investors in Indonesia have started a new project aimed at digitizing the kiosk shops that adorn the streets of capital city Jakarta. Warung Pintar — ‘smart kiosk store’ — hel

East Ventures announces new $30M fund to continue investing in Indonesia

East Ventures is back at it again with another new fund to invest in early-stage companies in Indonesia, Southeast Asia's largest economy and the world's fourth most populous country. This new $30

Uber rival Grab makes first major acquisition to build out its payments platform

Grab, Uber’s biggest rival in Southeast Asia, has completed its first major acquisition after it bought up Indonesian startup Kudo to boost its nascent mobile payments platform. Neither party i

East Ventures raises $27.5M seed fund for Southeast Asia, its fifth to date

One of Southeast Asia's longest-serving seed-stage investors has reloaded its coffers for more deals after East Ventures closed its fifth fund, worth $27.5 million.

Singapore Home Furnishing E-Tailer HipVan Unboxes A $3.3M Series A Round

HipVan, an online furniture store based in Singapore, has closed a $3.3 million Series A funding round. The investment was led by Golden Gate Ventures, the Singapore-based VC that recently announced i

Thailand’s Omise Lands $2.6M To Expand Its Payment Gateway Across Asia

Omise, a Thailand-based payment enabler, is in the money today after it raised a $2.6 million Series A round to develop its payment gateway system and expand across Asia.

Three Singaporeans Pause U.S. Studies For Startup Helping Graduates Enter Workforce

Glints, a Singapore-based startup focused on helping graduates gain the right experience to enter the workforce, closed a SG$475,000 (US$380,000) seed round to develop its service and plan an overseas

Ask a VC in Indonesia: Is East Ventures Early or Crazy? [TCTV]

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