East Ventures

East Ventures is a venture capital firm founded in 2009, headquartered in Tokyo with offices in Singapore and Indonesia. It operates as a sector-agnostic investor, providing multi-stage capital from seed to growth for technology startups across Southeast Asia. The firm has backed more than 300 companies in the region, including notable names such as Tokopedia, Traveloka, Ruangguru, and Xendit, and focuses on early-stage technology companies to drive regional growth. East Ventures emphasizes active involvement in the Indonesian and broader Southeast Asian ecosystems and is recognized for its long-standing commitment to responsible investing, having signed the Principles for Responsible Investment. The firm combines investment with guidance and ESG-aligned practices to support sustainable development of the regional tech sector.

Gavin Adrian

Investment Professional

David Audy

Operating Partner

Willson Cuaca

Co-Founder and Managing Partner

Batara Eto

Co-Founder and Managing Partner

Devina Halim

Principal

Sang-Uh Han

Partner

Tomoki Hirata

Principal

Melisa Irene

Partner

Takeshi Kaneko

Managing Partner

Wai Kit Koh

Managing Partner

Yinwei Liang

Principal

Taiga Matsuyama

Co-Founder and Managing Partner

Jumpei Mouri

Director

Roderick Purwana

Managing Partner

Avina Sugiarto

Partner

Emily Tampi

Managing Director, Finance

Wesley Tay

Principal

Jordy Tenka

Investment Professional

Jordy Tenka

Investment Professional

Zhengyi Zhu

Investment Professional

Past deals in Indonesia

Inteluck

Series C in 2023
Inteluck is a Southeast Asian logistics company that provides data-driven solutions for fleet management. It offers real-time tracking of vehicles and cargo, cold chain monitoring, analytics, API integration, and enterprise solutions to optimize logistics efficiency and reduce waste.

ALAMI

Series B in 2023
Alami is a licensed peer-to-peer lending platform based in Jakarta, Indonesia. It facilitates sharia-compliant financing for micro, small, and medium-sized enterprises through its transparent and fair platform.

Waste4Change

Grant in 2023
Waste4Change is a waste management platform in Indonesia serving companies, individuals, and government agencies to reduce waste sent to landfills and prevent environmental leakage. Since its inception in 2014, it has offered services such as in-store recycling and the 3R School Program, supported by a collaborative, technology-driven ecosystem that advances a circular economy and a waste-free Indonesia. Its offerings include consultation, campaigning, collection, and creation to help communities manage waste more sustainably.

Maka Motors

Seed Round in 2023
Maka Motors is an Indonesian company specializing in the manufacture of electric motorcycles. It produces vehicles tailored to local road conditions and driving styles, ensuring reliability and capability for its customers. The company's mission is to provide the best electric motorcycle options for Indonesian riders.

Fit Hub Indonesia

Seed Round in 2023
Fit Hub Indonesia is a health & wellness startup in Indonesia.

SIRCLO

Venture Round in 2023
SIRCLO is an Indonesian e-commerce facilitator assisting businesses to sell online. It offers solutions tailored for entrepreneurs (SIRCLO Store, IbuSibuk) and enterprises (SIRCLO Commerce, ICUBE by SIRCLO, Sooplai, Orami). With over 100,000 brands served and a team of 1,000 employees across Bandung, Yogyakarta, and Surabaya, SIRCLO empowers businesses to grow online.

Desty

Seed Round in 2023
Founded in 2020, Desty is an Indonesian e-commerce platform designed to help creators, influencers, and merchants promote and sell their products online. It offers a unified dashboard for managing online presence across various marketplaces and social media channels.

Komunal

Series B in 2023
Komunal is an Indonesian financial technology company that operates a Peer-to-Peer Lending platform. It connects potential Small and Medium Enterprises (SMEs) with funders, facilitating direct lending relationships to support economic growth.

Mindtera

Seed Round in 2023
Mindtera is a technology-enabled company in education and workforce wellbeing based in Jakarta, Indonesia, founded in 2021. It delivers personal growth through learning about multiple intelligences—emotional, social, physical, and occupational—via personalized online life coaching and scientifically validated curricula. The company also offers an employee assistance platform for businesses that includes assessments, coaching, and daily productivity tools to enhance emotional and social intelligence, improve well-being, and support a sustainable, high-performing workforce.

imajin

Seed Round in 2023
Digital Manufacturing Ecosystem for Indonesia. Focus on B2B Manufacturing, partner of Ministry of Industry Indonesia as Manufacturing hub. Help to connect, Supplies raw material until project financing.

Legit Group

Series A in 2023
Legit Group is a multi-brand cloud kitchen operator based in Jakarta, Indonesia. Established in 2021, it develops and runs a network that includes an R&D facility, Central Kitchen Production House, and cloud kitchen outlets to deliver restaurant-quality meals to customers at their doors. The company focuses on offering a variety of culinary options through its platform, using technology and operational efficiencies to optimize food preparation and delivery while ensuring quality and speed. By integrating development, production, and distribution under one model, Legit Group aims to provide convenient access to hearty meals across its brands.

ESQA

Series A in 2022
ESQA Cosmetics offers a comprehensive range of make-up and personal care items. The company creates vegan products and formulated without harmful ingredients to enhance natural beauty. It was founded in 2016 and is headquartered in Jakarta, Indonesia.

Base

Series A in 2022
Base is an Indonesian direct-to-consumer (DTC) beauty and wellness company that caters to consumers' diverse beauty and wellness needs. Starting with the skincare category, each Base consumer will get a vegan product recommendation through its Smart Skin Test. Fully digitalized and powered by data, Base is currently sold directly from its website and other Omni-channels. Base ships its products nationwide to all of Indonesia’s cities.

Pocket

Pre Seed Round in 2022
Pocket is an Indonesian fintech company offering a comprehensive platform designed to manage family finances. Its platform enables users to set budgets for children's pocket money, track spending, and allocate digital accounts for depositing, saving, and spending.

Sociolla

Venture Round in 2022
Sociolla is an Indonesian online retailer specializing in beauty and personal care products. It offers a wide range of makeup, skincare, haircare, beauty equipment, and perfume, sourced directly from authorized distributors to ensure product authenticity.

ALAMI

Series B in 2022
Alami is a licensed peer-to-peer lending platform based in Jakarta, Indonesia. It facilitates sharia-compliant financing for micro, small, and medium-sized enterprises through its transparent and fair platform.

Wahyoo Group

Series B in 2022
Founded in 2017, Wahyoo Group operates as an F&B enabler in Indonesia, focusing on scaling up F&B SMEs. It offers integrated solutions including e-supplies, micro-financing, and kitchen partnerships, serving over 27,000 kitchens across Jabodetabek.

Pintarnya

Seed Round in 2022
Pintarnya operates a mobile application designed to connect blue-collar workers in Indonesia with employment and financial opportunities. The platform enables users to create resumes, apply for curated job roles based on their skills and location, streamlining the hiring process for both job seekers and employers.

Ismaya Group

Venture Round in 2022
Founded in 2003, Ismaya Group aims to lead the global lifestyle and hospitality industry by consistently delivering exceptional customer experiences. The company creates original concepts for dining, entertainment, and hospitality sectors across Indonesia, Southeast Asia, and internationally.

IDN

Series D in 2022
IDN Media Company is a multi-platform digital media organization based in Surabaya, Indonesia, catering primarily to affluent Millennials and Gen Z. Established in 2014, it operates several key platforms, including IDNtimes.com, which offers a variety of engaging content such as visuals, quizzes, and listicles. The company also runs IDNtv, an online video producer focused on web series, social experiments, and branded content. Additionally, it owns Popbela.com, a lifestyle platform aimed at young urban women, and IDN Creative, which specializes in native advertising, creating sponsored content and events for brands. Furthermore, IDN Media organizes live events through IDN Event, providing a stage for creativity and talent among its target audience. With over 80 million monthly active users, IDN Media strives to democratize information access across Indonesia while fostering positive societal impacts.

Mekari

Series E in 2022
Mekari is a SaaS company that provides cloud-based business automation software for B2B customers, from multinational corporations to micro, small, and medium enterprises. Its solutions digitize and streamline core business processes by managing areas such as human resources, finance, and taxation while ensuring regulatory compliance. By automating administrative tasks, Mekari helps organizations operate more efficiently and devote more resources to strategic initiatives. Founded in 2015 and headquartered in Jakarta, Indonesia.

Waresix

Series B in 2022
Waresix is a logistics platform headquartered in Jakarta, Indonesia. It connects businesses with unused warehouse space, enabling dynamic warehousing strategies that adapt to fluctuating demand.

Inteluck

Series B in 2022
Inteluck is a Southeast Asian logistics company that provides data-driven solutions for fleet management. It offers real-time tracking of vehicles and cargo, cold chain monitoring, analytics, API integration, and enterprise solutions to optimize logistics efficiency and reduce waste.

KoinWorks

Series C in 2022
KoinWorks is a Indonesian fintech company offering a comprehensive suite of financial products. Users can manage both assets and liabilities on its single platform, making it a one-stop solution for accessible and affordable financial services.

Desty

Seed Round in 2021
Founded in 2020, Desty is an Indonesian e-commerce platform designed to help creators, influencers, and merchants promote and sell their products online. It offers a unified dashboard for managing online presence across various marketplaces and social media channels.

SaladStop!

Series B in 2021
SaladStop! is a leader in the healthy food movement in Singapore, focused on providing nutritious and delicious options such as salads, wraps, grain bowls, and smoothies. With a commitment to homemade food free from artificial flavors and coloring, the company prioritizes nutritional transparency and climate-positive choices for consumers. Currently, SaladStop! operates 23 outlets in Singapore and Manila and is expanding its reach to Indonesia and Japan, aligning with its vision of becoming a global leader in nutrition, health, and wellness.

Kasual

Seed Round in 2021
Kasual is an innovative e-commerce clothing platform based in Indonesia, established in 2017. It specializes in men's trousers, merging functionality with personal customization to cater to individual preferences. By focusing on the direct-to-consumer model, Kasual aims to disrupt the traditional retail landscape by offering stylish products at competitive prices. The company not only manufactures its clothing but also emphasizes the importance of beautiful design and innovative features, providing customers with better alternatives to conventional shopping experiences.

ShopBack

Series E in 2021
ShopBack is a leading online shopping platform in Southeast Asia that focuses on enhancing consumer purchasing decisions through cashback and rewards. Operating in several countries including Singapore, Malaysia, Indonesia, the Philippines, Thailand, and Taiwan, the company facilitates over 1,000 orders per hour by offering up to 30% cashback on purchases made through its platform. With a portfolio of over 1,300 merchant partners such as Uber, Expedia, and Lazada, ShopBack provides consumers with curated deals while simultaneously delivering effective marketing solutions for its business partners. The company is recognized for its impact in the industry, having received multiple awards, including accolades for Best Start-up and Best Innovative Infocomm Products at the Singapore Infocomm Technology Federation Awards, as well as the Emerging Enterprise Award, highlighting its role in enriching the shopping experience for consumers.

Komunal

Series A in 2021
Komunal is an Indonesian financial technology company that operates a Peer-to-Peer Lending platform. It connects potential Small and Medium Enterprises (SMEs) with funders, facilitating direct lending relationships to support economic growth.

SIRCLO

Series B in 2021
SIRCLO is an Indonesian e-commerce facilitator assisting businesses to sell online. It offers solutions tailored for entrepreneurs (SIRCLO Store, IbuSibuk) and enterprises (SIRCLO Commerce, ICUBE by SIRCLO, Sooplai, Orami). With over 100,000 brands served and a team of 1,000 employees across Bandung, Yogyakarta, and Surabaya, SIRCLO empowers businesses to grow online.

Legit Group

Seed Round in 2021
Legit Group is a multi-brand cloud kitchen operator based in Jakarta, Indonesia. Established in 2021, it develops and runs a network that includes an R&D facility, Central Kitchen Production House, and cloud kitchen outlets to deliver restaurant-quality meals to customers at their doors. The company focuses on offering a variety of culinary options through its platform, using technology and operational efficiencies to optimize food preparation and delivery while ensuring quality and speed. By integrating development, production, and distribution under one model, Legit Group aims to provide convenient access to hearty meals across its brands.

Mindtera

Seed Round in 2021
Mindtera is a technology-enabled company in education and workforce wellbeing based in Jakarta, Indonesia, founded in 2021. It delivers personal growth through learning about multiple intelligences—emotional, social, physical, and occupational—via personalized online life coaching and scientifically validated curricula. The company also offers an employee assistance platform for businesses that includes assessments, coaching, and daily productivity tools to enhance emotional and social intelligence, improve well-being, and support a sustainable, high-performing workforce.

RaRa Delivery

Seed Round in 2021
RaRa Delivery is an innovative delivery service based in Jakarta, Indonesia, specializing in instant delivery for e-commerce and micro, small, and medium enterprises (MSMEs). The company enhances the customer experience by employing a smart technology system that ensures timely deliveries at competitive costs. In addition to its core delivery services, RaRa Delivery offers cash on delivery (COD) options and real-time tracking capabilities through an application programming interface (API), allowing businesses to effectively manage their logistics and provide reliable service to their end customers.

Feedloop

Series A in 2021
Founded in 2018, Feedloop is a software-as-a-service company based in Bandung, Indonesia. It specializes in designing interactive content marketing platforms that enable businesses to create engaging campaigns such as surveys and quizzes.

Ituloh!

Pre Seed Round in 2021
​Ituloh is an Indonesia-based technology company that operates a community-driven video commerce platform. It offers services such as influencer marketing, community engagement, affiliate marketing, event management, and live shopping. The platform connects brands with Key Opinion Leaders (KOLs) across various lifestyle communities to facilitate product discovery and purchasing.​

Desty

Seed Round in 2021
Founded in 2020, Desty is an Indonesian e-commerce platform designed to help creators, influencers, and merchants promote and sell their products online. It offers a unified dashboard for managing online presence across various marketplaces and social media channels.

Warung Pintar

Series B in 2021
Warung Pintar is a micro retail technology company in Indonesia that aims to digitalize commerce for underserved communities. It uses data processing and analytics to capture insights from the bottom of the pyramid to support financial inclusion, social security, behavior analysis, and community engagement, with impact monitoring. The company also provides an end-to-end business platform for small retailers, featuring supply chain digitization, integrated applications, financial services, data analytics, and e-commerce tools to help manage inventory and resources more efficiently.

Flokq Spaces

Convertible Note in 2021
Flokq is an innovative company focused on transforming urban living by addressing housing challenges in cities. Founded in 2019 and based in Jakarta, Indonesia, Flokq provides private rooms and living spaces in premium apartments, aiming to offer beautiful yet affordable homes for city residents. The company emphasizes a three-pronged approach: delivering affordable and convenient housing, fostering connections among like-minded individuals, and tackling urban housing issues. By creating an online real estate platform, Flokq allows customers to easily book accommodations within a supportive community, thereby enhancing the living experience in densely populated urban environments.

Base

Seed Round in 2021
Base is an Indonesian direct-to-consumer (DTC) beauty and wellness company that caters to consumers' diverse beauty and wellness needs. Starting with the skincare category, each Base consumer will get a vegan product recommendation through its Smart Skin Test. Fully digitalized and powered by data, Base is currently sold directly from its website and other Omni-channels. Base ships its products nationwide to all of Indonesia’s cities.

Transfez

Seed Round in 2021
Transfez is an Indonesian fintech company specializing in cross-border money transfers. It facilitates swift, low-cost international remittances to over 50 countries in 26 currencies through its digital platform.

SIRCLO

Series B in 2021
SIRCLO is an Indonesian e-commerce facilitator assisting businesses to sell online. It offers solutions tailored for entrepreneurs (SIRCLO Store, IbuSibuk) and enterprises (SIRCLO Commerce, ICUBE by SIRCLO, Sooplai, Orami). With over 100,000 brands served and a team of 1,000 employees across Bandung, Yogyakarta, and Surabaya, SIRCLO empowers businesses to grow online.

Sociolla

Venture Round in 2021
Sociolla is an Indonesian online retailer specializing in beauty and personal care products. It offers a wide range of makeup, skincare, haircare, beauty equipment, and perfume, sourced directly from authorized distributors to ensure product authenticity.

Paxel.co

Venture Round in 2021
PT Paxel Teknologi Unggul is a logistics and delivery service provider based in Jakarta, Indonesia. Founded in 2017, the company offers a logistics application, Paxel, which facilitates same-day delivery services across the country. In addition to urban shipment and packaging services, Paxel provides a mobile application that includes payment functionalities and Paxel credit for transactions. The company also features Paxel Lockers, which serve as storage facilities for convenient package retrieval. Through its innovative approach, Paxel aims to enhance the delivery experience by ensuring access and transparency at various service points.

member.id

Series A in 2021
Member.id is a technology firm established in 2014, headquartered in Jakarta, Indonesia. The company specializes in designing and developing rewards and loyalty platforms for businesses. Its core service enables customers to convert loyalty points into various miles and redemption schemes, while also offering third-party program design, build, and operation services. Member.id's mission is to transform the Indonesian loyalty landscape by providing comprehensive capabilities ranging from strategy development to management and analytics, aiming to create profitable loyalty alternatives for clients.

Nusantics

Series A in 2021
Founded in 2019, Nusantics is a biotechnology company based in Jakarta, Indonesia. It specializes in analyzing microbiome profiles, offering solutions tailored to skincare, personal care, food, and beverage industries.

Stockbit

Series C in 2021
Stockbit is an Indonesian investment community platform that facilitates real-time sharing of stock-related ideas, news, and financial information. It enables users to create profiles, follow specific stocks or investors, and engage in valuable discussions.

Desty

Seed Round in 2020
Founded in 2020, Desty is an Indonesian e-commerce platform designed to help creators, influencers, and merchants promote and sell their products online. It offers a unified dashboard for managing online presence across various marketplaces and social media channels.

SIRCLO

Series B in 2020
SIRCLO is an Indonesian e-commerce facilitator assisting businesses to sell online. It offers solutions tailored for entrepreneurs (SIRCLO Store, IbuSibuk) and enterprises (SIRCLO Commerce, ICUBE by SIRCLO, Sooplai, Orami). With over 100,000 brands served and a team of 1,000 employees across Bandung, Yogyakarta, and Surabaya, SIRCLO empowers businesses to grow online.

BukuWarung

Seed Round in 2020
BukuWarung is a technology company focused on providing digital infrastructure for Indonesia's 60 million micro, small, and medium enterprises (MSMEs). The company offers a platform that enables users to efficiently manage their businesses through features such as digital bookkeeping, online storefronts, and payment processing. By facilitating the recording of daily financial transactions, including sales and customer accounts, BukuWarung helps small businesses maintain accurate sales records, issue bills via messaging applications, and generate daily business reports. The platform aims to empower MSMEs by enhancing their financial awareness and enabling effective business management through technology.

BukuWarung

Seed Round in 2020
BukuWarung is a technology company focused on providing digital infrastructure for Indonesia's 60 million micro, small, and medium enterprises (MSMEs). The company offers a platform that enables users to efficiently manage their businesses through features such as digital bookkeeping, online storefronts, and payment processing. By facilitating the recording of daily financial transactions, including sales and customer accounts, BukuWarung helps small businesses maintain accurate sales records, issue bills via messaging applications, and generate daily business reports. The platform aims to empower MSMEs by enhancing their financial awareness and enabling effective business management through technology.

Nusantics

Seed Round in 2020
Founded in 2019, Nusantics is a biotechnology company based in Jakarta, Indonesia. It specializes in analyzing microbiome profiles, offering solutions tailored to skincare, personal care, food, and beverage industries.

Stockbit

Series B in 2020
Stockbit is an Indonesian investment community platform that facilitates real-time sharing of stock-related ideas, news, and financial information. It enables users to create profiles, follow specific stocks or investors, and engage in valuable discussions.

Hacktiv8

Seed Round in 2020
Hacktiv8 is Indonesia's premier coding bootcamp, transforming beginners into job-ready developers. It pioneers Income Share Agreements (ISAs), allowing students to learn free and pay through a percentage of their future income.

Waste4Change

Venture Round in 2019
Waste4Change is a waste management platform in Indonesia serving companies, individuals, and government agencies to reduce waste sent to landfills and prevent environmental leakage. Since its inception in 2014, it has offered services such as in-store recycling and the 3R School Program, supported by a collaborative, technology-driven ecosystem that advances a circular economy and a waste-free Indonesia. Its offerings include consultation, campaigning, collection, and creation to help communities manage waste more sustainably.

Komunal

Seed Round in 2019
Komunal is an Indonesian financial technology company that operates a Peer-to-Peer Lending platform. It connects potential Small and Medium Enterprises (SMEs) with funders, facilitating direct lending relationships to support economic growth.

Paxel.co

Series A in 2019
PT Paxel Teknologi Unggul is a logistics and delivery service provider based in Jakarta, Indonesia. Founded in 2017, the company offers a logistics application, Paxel, which facilitates same-day delivery services across the country. In addition to urban shipment and packaging services, Paxel provides a mobile application that includes payment functionalities and Paxel credit for transactions. The company also features Paxel Lockers, which serve as storage facilities for convenient package retrieval. Through its innovative approach, Paxel aims to enhance the delivery experience by ensuring access and transparency at various service points.

Base

Seed Round in 2019
Base is an Indonesian direct-to-consumer (DTC) beauty and wellness company that caters to consumers' diverse beauty and wellness needs. Starting with the skincare category, each Base consumer will get a vegan product recommendation through its Smart Skin Test. Fully digitalized and powered by data, Base is currently sold directly from its website and other Omni-channels. Base ships its products nationwide to all of Indonesia’s cities.

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 is an indoor cycling studio based in Jakarta, Indonesia, founded in 2015. The company specializes in offering a variety of cycling classes tailored to different skill levels. Their class offerings include a beginners ride for newcomers to indoor cycling and fitness, a signature ride suitable for all participants, and an advanced ride designed for those who have completed more than ten classes and are familiar with cycling techniques. Ride Jakarta focuses on delivering a full-body workout that enhances cardiovascular endurance and tones the body. Customer inquiries are managed through multiple channels, including phone, email, and online applications.

Ruangguru

Series B in 2019
Ruangguru is an education technology company based in Jakarta Raya, Indonesia, founded in 2013. It specializes in providing e-learning services through its platform, which facilitates access to educational materials for students. The platform serves as an online marketplace that connects private tutors with students, offering a diverse range of courses that extend beyond traditional school subjects to include standardized test preparation, languages, music, sports, and computer skills. Ruangguru is dedicated to partnering with local governments to enhance the quality of education, employing a Learning Management System (LMS) that allows students to monitor their progress and prepare effectively for exams.

Wahyoo Group

Seed Round in 2019
Founded in 2017, Wahyoo Group operates as an F&B enabler in Indonesia, focusing on scaling up F&B SMEs. It offers integrated solutions including e-supplies, micro-financing, and kitchen partnerships, serving over 27,000 kitchens across Jabodetabek.

Waresix

Series A in 2019
Waresix is a logistics platform headquartered in Jakarta, Indonesia. It connects businesses with unused warehouse space, enabling dynamic warehousing strategies that adapt to fluctuating demand.

Feedloop

Seed Round in 2019
Founded in 2018, Feedloop is a software-as-a-service company based in Bandung, Indonesia. It specializes in designing interactive content marketing platforms that enable businesses to create engaging campaigns such as surveys and quizzes.

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.

Stockbit

Series A in 2019
Stockbit is an Indonesian investment community platform that facilitates real-time sharing of stock-related ideas, news, and financial information. It enables users to create profiles, follow specific stocks or investors, and engage in valuable discussions.

Lubna

Seed Round in 2019
Lubna is an automated trading platform. Lubna.io has a vision to revolutionize the way the young generation invests. We understand that the financial literacy of the Indonesian people is still relatively low, that is, 29.7% in 2016 according to Indonesia's financial literacy data from the Financial Services Authority. Financial literacy at this time is quite important for every generation, especially for the younger generation who have earned income like you. We want to help you, the younger generation, to prioritize financial planning to adapt easily to uncertain economic conditions. This is what then prompted Lubna.io to become a pioneer to bridge Indonesia's young generation with the investment world. The journey to become one of the solutions to the financial problems of Indonesia's young generation is certainly not easy. We at Lubna.io are confident that this great challenge will be the strength to continue to improve the financial skills of Indonesia's young generation. To achieve Lubna.io's vision, we began by building a crypto currency trading application. The Lubna.io trading application uses a proven algorithm. Through this application, Lubna.io hopes that investors can minimize risk and maximize profits. We believe this initial step can realize our vision, revolutionize the millennial way of investing.

MobilKamu

Series A in 2019
MobilKamu is an online car financing platform based in South Jakarta, Indonesia, founded in 2015. The company specializes in streamlining the car buying and selling process for consumers by providing a comprehensive solution that combines technology with high-quality customer service. MobilKamu's platform enables users to find cars that meet their preferences while offering curated deals, down payment options, and installment plans from various showrooms. Additionally, it assists customers with credit processes, facilitating the purchase of new vehicles in a more efficient manner. Through its services, MobilKamu aims to enhance the overall experience of car buyers in Jakarta.

Fore Coffee

Series A in 2019
Fore Coffee is a Jakarta-based specialty coffee company founded in 2018 that operates a network of coffee outlets. It positions itself as a technology-enabled coffee joint that brews each cup with freshly roasted Arabica beans and an espresso blend designed to deliver a strong, flavorful coffee. The company emphasizes premium products and packaging, and its outlets are designed with a comfortable, aesthetically focused concept to enhance the customer experience.

Waresix

Seed Round in 2018
Waresix is a logistics platform headquartered in Jakarta, Indonesia. It connects businesses with unused warehouse space, enabling dynamic warehousing strategies that adapt to fluctuating demand.

Mekari

Series B in 2018
Mekari is a SaaS company that provides cloud-based business automation software for B2B customers, from multinational corporations to micro, small, and medium enterprises. Its solutions digitize and streamline core business processes by managing areas such as human resources, finance, and taxation while ensuring regulatory compliance. By automating administrative tasks, Mekari helps organizations operate more efficiently and devote more resources to strategic initiatives. Founded in 2015 and headquartered in Jakarta, Indonesia.

Fore Coffee

Seed Round in 2018
Fore Coffee is a Jakarta-based specialty coffee company founded in 2018 that operates a network of coffee outlets. It positions itself as a technology-enabled coffee joint that brews each cup with freshly roasted Arabica beans and an espresso blend designed to deliver a strong, flavorful coffee. The company emphasizes premium products and packaging, and its outlets are designed with a comfortable, aesthetically focused concept to enhance the customer experience.

member.id

Seed Round in 2018
Member.id is a technology firm established in 2014, headquartered in Jakarta, Indonesia. The company specializes in designing and developing rewards and loyalty platforms for businesses. Its core service enables customers to convert loyalty points into various miles and redemption schemes, while also offering third-party program design, build, and operation services. Member.id's mission is to transform the Indonesian loyalty landscape by providing comprehensive capabilities ranging from strategy development to management and analytics, aiming to create profitable loyalty alternatives for clients.

Bahasa.ai

Seed Round in 2018
Bahasa.ai is a Jakarta-based artificial intelligence company that develops a platform for processing Indonesian language. The platform enables automated customer interactions through chatbots by building natural-language processing and understanding modules and integrating with existing IT infrastructure. The company's offerings include chat automation, data integration, customer insights, smart ticket routing, and agent group management, helping businesses implement their chatbot strategy and improve customer satisfaction. Founded in 2017, Bahasa.ai serves clients looking to automate conversations and enhance engagement using Indonesian-language AI capabilities.

Warung Pintar

Seed Round in 2018
Warung Pintar is a micro retail technology company in Indonesia that aims to digitalize commerce for underserved communities. It uses data processing and analytics to capture insights from the bottom of the pyramid to support financial inclusion, social security, behavior analysis, and community engagement, with impact monitoring. The company also provides an end-to-end business platform for small retailers, featuring supply chain digitization, integrated applications, financial services, data analytics, and e-commerce tools to help manage inventory and resources more efficiently.

Montir.id

Series A in 2018
PT Montir Indonesia Jaya operates Montir.id, an online platform based in Jakarta Barat, Indonesia, that provides on-demand automotive services. Established in 2016, Montir.id allows customers to conveniently order a wide range of services, including car repairs, detailing, and maintenance tasks such as air conditioning checks, battery replacements, and fluid changes, all delivered directly to their homes. The platform aims to simplify automotive care by bringing professional services to customers' locations, thus enhancing accessibility and convenience for car owners. Montir.id aspires to become the leading auto-service platform in Indonesia by addressing various automotive needs through a comprehensive and user-friendly service model.

Nodeflux

Secondary Market in 2018
Nodeflux is a startup based in Jakarta, Indonesia, specializing in video analytics software that enhances the capabilities of CCTV devices. The company has developed a distributed computation platform that integrates and processes data from various sources, transforming conventional devices into smart systems. By employing advanced deep learning and computer vision technologies, Nodeflux enables organizations to extract greater insights from their existing surveillance infrastructure. This innovative approach allows companies to extend the functionality of their CCTV systems, providing enhanced analytical capabilities and enabling more informed decision-making.

Waresix

Seed Round in 2018
Waresix is a logistics platform headquartered in Jakarta, Indonesia. It connects businesses with unused warehouse space, enabling dynamic warehousing strategies that adapt to fluctuating demand.

Warung Pintar

Seed Round in 2018
Warung Pintar is a micro retail technology company in Indonesia that aims to digitalize commerce for underserved communities. It uses data processing and analytics to capture insights from the bottom of the pyramid to support financial inclusion, social security, behavior analysis, and community engagement, with impact monitoring. The company also provides an end-to-end business platform for small retailers, featuring supply chain digitization, integrated applications, financial services, data analytics, and e-commerce tools to help manage inventory and resources more efficiently.

Ride Jakarta

Seed Round in 2018
Ride Jakarta is an indoor cycling studio based in Jakarta, Indonesia, founded in 2015. The company specializes in offering a variety of cycling classes tailored to different skill levels. Their class offerings include a beginners ride for newcomers to indoor cycling and fitness, a signature ride suitable for all participants, and an advanced ride designed for those who have completed more than ten classes and are familiar with cycling techniques. Ride Jakarta focuses on delivering a full-body workout that enhances cardiovascular endurance and tones the body. Customer inquiries are managed through multiple channels, including phone, email, and online applications.

PasarPolis

Seed Round in 2018
PasarPolis is an insurtech startup founded by Cleosent Randing in 2015 and headquartered in Jakarta, Indonesia. The company operates an online insurance comparison platform that aims to make insurance accessible to emerging consumers. It offers a range of insurance products, including health, life, car, personal accident, property, and travel insurance. Through its online portal, PasarPolis provides customers with the ability to obtain quotes and access claims processing services, thereby facilitating the acquisition of affordable and inclusive insurance plans.

Indodax

Venture Round in 2017
Indodax, formerly known as Bitcoin.co.id, is Indonesia's longest-running blockchain digital asset exchange, established in 2014. The company operates a cryptocurrency marketplace where users can buy, sell, and trade various crypto assets using the Indonesian Rupiah. Indodax is recognized as an industry leader, emphasizing customer satisfaction and innovative solutions. The platform provides secure, real-time trading activities, fostering trust among its users through adherence to regulatory standards. By enabling a diverse range of crypto asset transactions, Indodax aims to support and enhance the trading experience for both individual traders and investors in Indonesia.

IDN

Series B in 2017
IDN Media Company is a multi-platform digital media organization based in Surabaya, Indonesia, catering primarily to affluent Millennials and Gen Z. Established in 2014, it operates several key platforms, including IDNtimes.com, which offers a variety of engaging content such as visuals, quizzes, and listicles. The company also runs IDNtv, an online video producer focused on web series, social experiments, and branded content. Additionally, it owns Popbela.com, a lifestyle platform aimed at young urban women, and IDN Creative, which specializes in native advertising, creating sponsored content and events for brands. Furthermore, IDN Media organizes live events through IDN Event, providing a stage for creativity and talent among its target audience. With over 80 million monthly active users, IDN Media strives to democratize information access across Indonesia while fostering positive societal impacts.

MobilKamu

Seed Round in 2017
MobilKamu is an online car financing platform based in South Jakarta, Indonesia, founded in 2015. The company specializes in streamlining the car buying and selling process for consumers by providing a comprehensive solution that combines technology with high-quality customer service. MobilKamu's platform enables users to find cars that meet their preferences while offering curated deals, down payment options, and installment plans from various showrooms. Additionally, it assists customers with credit processes, facilitating the purchase of new vehicles in a more efficient manner. Through its services, MobilKamu aims to enhance the overall experience of car buyers in Jakarta.

ShopBack

Series A in 2017
ShopBack is a leading online shopping platform in Southeast Asia that focuses on enhancing consumer purchasing decisions through cashback and rewards. Operating in several countries including Singapore, Malaysia, Indonesia, the Philippines, Thailand, and Taiwan, the company facilitates over 1,000 orders per hour by offering up to 30% cashback on purchases made through its platform. With a portfolio of over 1,300 merchant partners such as Uber, Expedia, and Lazada, ShopBack provides consumers with curated deals while simultaneously delivering effective marketing solutions for its business partners. The company is recognized for its impact in the industry, having received multiple awards, including accolades for Best Start-up and Best Innovative Infocomm Products at the Singapore Infocomm Technology Federation Awards, as well as the Emerging Enterprise Award, highlighting its role in enriching the shopping experience for consumers.

Kaodim Group

Series B in 2017
Kaodim Group is a leading services marketplace in Southeast Asia, headquartered in Malaysia. The company operates in several countries, including Malaysia, Singapore, the Philippines, and Indonesia, providing a platform that connects local communities with trustworthy and verified service professionals. Kaodim offers a diverse range of services, from home cleaning and plumbing to photography for special events. The platform allows users to receive customized quotations and access personalized profiles and user reviews, enabling them to hire service providers with confidence. With its mobile and web applications available for download on both Apple and Android devices, Kaodim is committed to transforming local businesses and enhancing the service experience for consumers.

member.id

Seed Round in 2017
Member.id is a technology firm established in 2014, headquartered in Jakarta, Indonesia. The company specializes in designing and developing rewards and loyalty platforms for businesses. Its core service enables customers to convert loyalty points into various miles and redemption schemes, while also offering third-party program design, build, and operation services. Member.id's mission is to transform the Indonesian loyalty landscape by providing comprehensive capabilities ranging from strategy development to management and analytics, aiming to create profitable loyalty alternatives for clients.

Ruangguru

Series B in 2017
Ruangguru is an education technology company based in Jakarta Raya, Indonesia, founded in 2013. It specializes in providing e-learning services through its platform, which facilitates access to educational materials for students. The platform serves as an online marketplace that connects private tutors with students, offering a diverse range of courses that extend beyond traditional school subjects to include standardized test preparation, languages, music, sports, and computer skills. Ruangguru is dedicated to partnering with local governments to enhance the quality of education, employing a Learning Management System (LMS) that allows students to monitor their progress and prepare effectively for exams.

CoHive

Seed Round in 2017
CoHive, formerly known as EV Hive, is Indonesia's largest co-working space provider, headquartered in Jakarta. The company offers a comprehensive ecosystem that includes co-working, co-living, co-retail, and event spaces, designed to foster community and support the growth of startups and small to medium enterprises (SMEs). With around 9,000 members across 33 locations in major cities such as Jakarta, Medan, Yogyakarta, and Bali, CoHive spans approximately 66,000 square meters of shared workspace. The majority of its members are startups and SMEs, while the remaining clientele includes enterprises from diverse industries. CoHive aims to be a pivotal community builder in Indonesia by connecting individuals and businesses, facilitating knowledge sharing, and providing flexible and affordable workspace solutions. The leadership team includes Co-founder and CEO Jason Lee, Co-founder and CCO Ethan Choi, COO Erich Hirawan, and CRO Iris Wee.

Sociolla

Series B in 2017
Sociolla is an Indonesian online retailer specializing in beauty and personal care products. It offers a wide range of makeup, skincare, haircare, beauty equipment, and perfume, sourced directly from authorized distributors to ensure product authenticity.

Traveloka

Venture Round in 2017
Traveloka is an online travel aggregator based in Indonesia, primarily focused on helping customers search for and book various travel options. It operates a comprehensive platform that enables users to compare and book flights, hotels, villas, apartments, transportation, tours, holiday packages, and activities. By providing a user-friendly search engine, Traveloka aims to simplify the travel planning process, allowing individuals to find accommodations and tickets that meet their specific needs. The company has expanded its operations to six countries and continues to explore new initiatives to enhance its impact in the travel industry.

Jurnal.id

Series B in 2016
Journals provide online accounting software that is secure and reliable for small and medium enterprises in Indonesia . They strive to give entrepreneurs the freedom of the complexity of administration , operation , and taxation in order to focus on doing the most important thing to grow their business . This will be achieved by creating an effective technology that is extremely easy to use. Journals available sebagaai services that can be accessed from anywhere with a connection via internet or WiFi . By Journal , no longer need to download or install anything on your computer. There is no cost to start or upgrade , get free updates automatically, and does not need a contract . You just need to register , log in , and start working on your business bookkeeping anytime, anywhere . Journals businesses run better wear as much to save time in the process of administration and operations .

Kudo

Series B in 2016
Kudo is an Indonesian technology company founded in 2014, based in Tangerang, that focuses on enhancing the e-commerce and payment markets in Indonesia. It develops a platform that integrates offline and online shopping experiences by installing kiosks in various locations such as malls, universities, and convenience stores. These kiosks enable customers to purchase game vouchers, discount vouchers, and cellphone balances without the need for credit cards. Kudo's team comprises skilled professionals with backgrounds in prominent global technology and management consulting firms, contributing to its innovative approach in the sector. In 2017, Kudo was acquired by GP Network Asia Pte. Ltd., further expanding its capabilities and reach in the market.

Cermati

Series A in 2016
Cermati is an online portal based in West Jakarta, Indonesia, that specializes in helping individuals research, compare, and select financial products. Founded in 2014, the company aims to make financial information more accessible and useful for the Indonesian population. By utilizing technology, Cermati provides a platform where users can easily make informed financial decisions tailored to their needs. The platform not only offers trusted information but also manages the entire customer onboarding process, including in-person meetings to facilitate document signing with partner banks. Through its services, Cermati empowers users to take control of their financial situations and save money.

IDN

Series A in 2016
IDN Media Company is a multi-platform digital media organization based in Surabaya, Indonesia, catering primarily to affluent Millennials and Gen Z. Established in 2014, it operates several key platforms, including IDNtimes.com, which offers a variety of engaging content such as visuals, quizzes, and listicles. The company also runs IDNtv, an online video producer focused on web series, social experiments, and branded content. Additionally, it owns Popbela.com, a lifestyle platform aimed at young urban women, and IDN Creative, which specializes in native advertising, creating sponsored content and events for brands. Furthermore, IDN Media organizes live events through IDN Event, providing a stage for creativity and talent among its target audience. With over 80 million monthly active users, IDN Media strives to democratize information access across Indonesia while fostering positive societal impacts.

Orori

Series A in 2016
Orori is an e-commerce platform specializing in the sale of luxury jewelry. Founded in 2004 and based in Jakarta Pusat, Indonesia, Orori offers a variety of products including gold, diamonds, and other designer and custom-made jewelry. The company also provides options for customers to invest in gold bars and trade second-hand jewelry or scrap gold for refinement. Orori's online platform is designed to provide detailed information about each product, ensuring transparency and ease of shopping for customers.

Quintal

Seed Round in 2016
Quintal offers an academic portal for Indonesian schools that combines learning management and student information system functionality to support teachers, students, and parents. The platform enables data sharing and communication among school stakeholders, with roles and features tailored to each user. Quintal aims to digitize and streamline education by providing an affordable, integrated solution that supports online learning, data integration, and interactive content, positioning itself as a scalable backbone for the national education system.

iGrow

Seed Round in 2016
iGrow is an Indonesian agritech company established in 2014, headquartered in Jawa Barat. It operates a marketplace platform that connects under-employed farmers, landowners, and investors to facilitate organic farming and sustainable income generation. The platform focuses on crops like olive, durian, peanut, banana, avocado, date palm, and longan. iGrow's cloud-based agricultural management software aids in production tracking, while the company sells these crops directly to customers. Investors can benefit from revenue sharing, with potential annual returns ranging between 13% to 24%.

Limakilo

Seed Round in 2016
Limakilo is an online marketplace dedicated to improving the food supply chain for farmers in Indonesia. Originating from the community initiative Code4Nation, the company aims to facilitate direct sales of agricultural commodities, allowing farmers to connect with food stalls and vendors. By enabling farmers to sell their produce, such as food grains and crops, directly to end users, Limakilo seeks to shorten the supply chain and minimize inventory storage time. This approach not only benefits farmers by increasing their market access but also provides consumers with fresher food options.

Arsitag

Seed Round in 2016
Arsitag is an online platform based in Kota Jakarta Selatan, Indonesia, established in 2015 to connect homeowners with architects and interior designers. The platform allows users to search for and hire professionals by browsing their portfolios and past work. Architects and interior designers can showcase their expertise by submitting their portfolios on the site. Arsitag facilitates secure transactions through its escrow system, ensuring both safety and project completion. By providing transparency in the design and build services marketplace, Arsitag enhances the confidence of homeowners and professionals while improving the overall quality of service in the property industry.

Jurnal.id

Series A in 2016
Journals provide online accounting software that is secure and reliable for small and medium enterprises in Indonesia . They strive to give entrepreneurs the freedom of the complexity of administration , operation , and taxation in order to focus on doing the most important thing to grow their business . This will be achieved by creating an effective technology that is extremely easy to use. Journals available sebagaai services that can be accessed from anywhere with a connection via internet or WiFi . By Journal , no longer need to download or install anything on your computer. There is no cost to start or upgrade , get free updates automatically, and does not need a contract . You just need to register , log in , and start working on your business bookkeeping anytime, anywhere . Journals businesses run better wear as much to save time in the process of administration and operations .
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