East Ventures

East Ventures, established in 2009, is a leading, sector-agnostic venture capital firm headquartered in Tokyo with offices in Singapore and Indonesia. It provides multi-stage investment, from Seed to Growth, to over 300 tech companies across Southeast Asia. East Ventures is renowned for being an early backer of prominent regional tech companies like Tokopedia, Traveloka, and Ruangguru. It has been recognized as the most active investor in Southeast Asia and Indonesia, and the most consistent top-performing VC fund globally. Committed to sustainable development, East Ventures is Indonesia's first venture capital firm to sign the Principles of Responsible Investment (PRI), supported by the United Nations (UN).

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

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 E-commerce

Kyberlife

Seed Round in 2025
Kyberlife is an e-commerce startup focused on the life sciences, pharmaceutical, and healthcare industries. It operates a procurement platform that serves as an open marketplace for medical products. The company's platform enables users to search for, purchase, and communicate with vendors about various life-science products and instruments. This facilitates efficient shopping and authentication of products and services for both healthcare organizations and individuals.

Respo

Seed Round in 2025
Respo is a service that enables people to save money by buying things at a discount.

Novelship

Series B in 2023
Novelship is an online marketplace specializing in the buying and selling of authentic, limited-edition sneakers, streetwear, and collectibles from renowned brands such as Nike, Air Jordan, Yeezy, Supreme, and Kaws. The platform is tailored for the sneaker and streetwear community, ensuring that each item is meticulously curated and professionally authenticated to guarantee authenticity. By focusing on the booming Southeast Asian market, Novelship provides users access to a wide array of street fashion, allowing them to purchase verified footwear at competitive prices.

Madly

Venture Round in 2023
Madly is a jewelry company that specializes in creating handcrafted pieces featuring personalized colored gemstones. The company engages its customers throughout the design process, allowing them to collaborate on budgets and styles with the guidance of a designer. This approach ensures that each piece is tailored to the individual preferences of the client, resulting in unique jewelry that reflects their personal taste. Once the design is confirmed, Madly crafts the chosen piece within a few days, providing a quick turnaround for customers seeking distinctive and customized jewelry.

UENA

Venture Round in 2023
Uena is a company focused on providing affordable food and beverage options aimed at reducing overall food expenses, thereby increasing discretionary income for its customers. It offers a streamlined online platform where users can access a consolidated menu featuring popular everyday food items. Customers can conveniently order their meals through WhatsApp, facilitating an efficient and user-friendly ordering experience. By delivering essential daily food necessities at competitive prices, Uena aims to enhance the financial flexibility of its clientele, allowing them to allocate their resources toward other priorities.

Fresh Factory

Series A in 2023
Fresh Factory is a provider of cold chain fulfillment services focused on businesses that sell perishable goods. The company operates an online platform that facilitates the selection of warehouses based on specific expansion areas, allowing users to manage inventory and storage efficiently. Fresh Factory's services encompass storage, picking, packing, and last-mile delivery, enabling businesses to distribute their products through e-commerce channels. This approach enhances the speed of delivery while ensuring improved freshness and quality control for perishable items. By streamlining the logistics process, Fresh Factory aims to simplify online business operations for its clients.

Sirclo

Venture Round in 2023
SIRCLO is an Indonesian e-commerce enabler that assists businesses in establishing a robust online presence. The company provides a range of solutions tailored for both entrepreneurs and enterprises, including SIRCLO Store, IbuSibuk, SIRCLO Commerce, ICUBE by SIRCLO, Sooplai, and Orami. These offerings encompass website development, e-commerce management, and communication tools, allowing clients to streamline their online sales across various platforms, such as websites and marketplaces. With a workforce of around 1,000 employees, SIRCLO has successfully supported over 100,000 brands in their digital transformation efforts. The company operates from multiple locations, including Bandung, Yogyakarta, and Surabaya.

Desty

Seed Round in 2023
Desty is a digital platform founded in 2020 and based in Jakarta, Indonesia, that facilitates e-commerce for creators, influencers, and merchants. It provides a comprehensive solution that allows users to build a personalized online destination where they can promote and sell their products. The platform enables individuals and brands to create unique landing pages featuring links, videos, and photos, thereby simplifying the process of establishing an online store. With a focus on enhancing the online commerce experience, Desty supports both independent sellers and larger brands in optimizing their sales performance within the social commerce landscape.

Flik

Pre Seed Round in 2023
Flik is an e-commerce affiliation platform that enables brands to enhance direct-to-consumer transactions by streamlining the checkout experience across multiple sales channels. The company offers tools for setting up online stores and optimizing the checkout process, as well as facilitating delivery options. By focusing on improving these critical aspects of online selling, Flik empowers sellers to maximize their sales potential through their own websites.

Evo

Seed Round in 2023
Evo is a Singapore-based company founded in 2020 that specializes in social commerce software designed to assist brands and merchants with their back-office operations. The company's solutions facilitate essential functions such as order management, payment processing, and reconciliation, enabling users to create deals, upload inventory, and sell products across various social commerce platforms. Additionally, Evo operates as a direct-to-consumer startup, offering high-quality, research-backed consumer products at competitive prices. Its product lineup includes the flagship anti-hangover solution BounceBack, which is available in ten markets, as well as all-natural anti-hair loss products under the MANTOU brand and beauty and hair care products under the Stryv brand.

Kommodity

Grant in 2022
Kommodity is an online export platform that focuses on linking Indonesian producers with global markets. By providing a curated selection of Indonesian commodities, the company enhances the value of exporters and creates new opportunities for farmers and producers to sell their products. It facilitates connections between small-scale producers and international buyers through representative marketing partners in various export countries. This approach not only supports local producers by increasing their market reach but also helps importers and exporters access a diverse range of high-quality Indonesian goods.

Repax

Grant in 2022
Repax is a reusable packaging as-a-service for e-commerce. We enable merchants to send their goods with a reusable durable bags/box, and we facilitate its return from buyer, making it circular

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.

Cariuma

Venture Round in 2022
Cariuma, established in Rio de Janeiro, Brazil in 2018 by David Python and Fernando Porto, specializes in manufacturing and distributing sustainable sneakers for men and women. The company prioritizes eco-consciousness, utilizing natural materials such as raw rubber from the Hevea brasiliensis tree, fair-trade cotton, and chrome VI-free leather. Cariuma serves athletes and environmentally conscious consumers alike, offering comfortable and stylish footwear through pop-up stores and its online platform.

Sociolla

Venture Round in 2022
Sociolla is an online beauty and personal care shopping platform based in Indonesia, focused on providing a wide range of authentic cosmetics, skincare, haircare, beauty equipment, and perfumes. Established to create a comfortable and reliable shopping experience for women, Sociolla partners exclusively with authorized distributors and brand holders to ensure the authenticity and quality of its products. The platform features an extensive selection of items, including lip gloss, serums, lipsticks, eyeshadow palettes, hair oils, face masks, and perfumes, all available for home delivery. By prioritizing product quality, Sociolla aims to meet the beauty needs of its customers effectively.

Cosmart

Seed Round in 2022
Cosmart is a technology-based company that operates a membership-driven e-commerce platform, primarily focused on providing a diverse selection of household products in bulk quantities. Founded in 2022 and headquartered in Kembangan Selatan, Jakarta, Cosmart aims to streamline the purchasing process for consumers by leveraging technology and data. This approach not only facilitates the acquisition of high-quality products but also allows customers to save time and money on recurring expenditures. By offering products at lower costs, Cosmart enhances the shopping experience for its users, addressing their needs for convenience and value in household purchasing.

UENA

Seed Round in 2022
Uena is a company focused on providing affordable food and beverage options aimed at reducing overall food expenses, thereby increasing discretionary income for its customers. It offers a streamlined online platform where users can access a consolidated menu featuring popular everyday food items. Customers can conveniently order their meals through WhatsApp, facilitating an efficient and user-friendly ordering experience. By delivering essential daily food necessities at competitive prices, Uena aims to enhance the financial flexibility of its clientele, allowing them to allocate their resources toward other priorities.

Gokomodo

Series A in 2022
Gokomodo is a supply chain platform focused on agribusiness and commodities. It provides a digital procurement solution that facilitates easy access to high-quality agricultural products at competitive prices. By enhancing efficiency and transparency within the supply chain, Gokomodo aims to streamline the procurement process for its clients, ultimately improving their access to quality products.

Cashgrow

Seed Round in 2022
Cashgrow is an all-in-one payment and expense management platform for businesses and SME merchants in Vietnam

Diri

Seed Round in 2022
Diri Care specializes in delivering personalized healthcare solutions through an online platform. The company focuses on providing clinical beauty and health products designed for self-care, offering integrated services such as consultations and diagnoses. Diri Care offers a range of skin and haircare options, along with continuous communication with clinical teams, enabling individuals to manage their health effectively and affordably.

Evo

Seed Round in 2022
Evo is a Singapore-based company founded in 2020 that specializes in social commerce software designed to assist brands and merchants with their back-office operations. The company's solutions facilitate essential functions such as order management, payment processing, and reconciliation, enabling users to create deals, upload inventory, and sell products across various social commerce platforms. Additionally, Evo operates as a direct-to-consumer startup, offering high-quality, research-backed consumer products at competitive prices. Its product lineup includes the flagship anti-hangover solution BounceBack, which is available in ten markets, as well as all-natural anti-hair loss products under the MANTOU brand and beauty and hair care products under the Stryv brand.

RPG Commerce

Series B in 2022
RPG is an e-commerce firm building the next generation of global consumer brands by disrupting the retail industry. RPG Commerce's multi-brand business model operates and optimizes a global suite of direct-to-consumer (DTC) brands by owning the development, production, and delivery processes from start to finish. RPG Commerce is dedicated to providing customer-centric products and services by developing high-quality essential items through its DTC model and delivering them directly to their door.

Fresh Factory

Seed Round in 2022
Fresh Factory is a provider of cold chain fulfillment services focused on businesses that sell perishable goods. The company operates an online platform that facilitates the selection of warehouses based on specific expansion areas, allowing users to manage inventory and storage efficiently. Fresh Factory's services encompass storage, picking, packing, and last-mile delivery, enabling businesses to distribute their products through e-commerce channels. This approach enhances the speed of delivery while ensuring improved freshness and quality control for perishable items. By streamlining the logistics process, Fresh Factory aims to simplify online business operations for its clients.

Biteship

Seed Round in 2022
Biteship is an e-commerce logistics solution tailored for small and medium-sized enterprises. The company has developed a delivery management platform that automates shipping and fulfillment processes, streamlining operations for its clients. Its platform includes a variety of features such as a shipping API, a user-friendly dashboard, and plugins compatible with popular e-commerce platforms. By offering these tools, Biteship enables businesses to enhance their efficiency, ultimately saving time and reducing costs associated with shipping and fulfillment.

Keyta

Funding Round in 2022
Keyta is a digital platform designed specifically for online sellers, providing a comprehensive embedded keyboard that streamlines various sales operations. This application consolidates essential features such as auto-text templates, real-time delivery cost checks, invoice creation, and transaction management, allowing sellers to handle their day-to-day tasks efficiently. By integrating these functionalities into a single application, Keyta enables users to manage their sales transactions, arrange shipments, and respond to customer inquiries without the need to switch between multiple platforms. This one-stop shop approach enhances the online selling experience, making it easier for sellers to conduct business and improve customer interactions.

Pasarnow

Series A in 2022
Pasarnow operates as a social e-commerce platform that facilitates online business creation for individuals and entrepreneurs. The company provides access to a diverse range of products, including fresh groceries and farm products, by partnering with over 1,000 farmers and suppliers. This online marketplace not only caters to individual consumers but also serves business clients, allowing resellers to track orders and ensure timely delivery. By enabling users to easily start their own online businesses, Pasarnow fosters entrepreneurship and offers a commission-based earning model for product sales.

Moladin

Series B in 2022
Founded in 2017, Moladin is an e-commerce platform specializing in the automotive sector, facilitating online transactions for used vehicles. The company has established partnerships with over 40 dealers and several major financing firms to offer consumers a wide range of options and discounts. Moladin's platform serves as a comprehensive resource for automotive owners, providing access to an online directory of servicing workshops, spare part retailers, accessory dealers, and modifiers. Additionally, it streamlines the financing process, allowing motorcycle users to easily obtain information and funding in one unified location.

Waresix

Series B in 2022
Waresix is a logistics platform based in Jakarta, Indonesia, that specializes in freight forwarding, warehousing, and land transportation. The platform facilitates the connection between business owners and professional warehouse operators, allowing users to access on-demand warehouse services. Waresix addresses the growing demand for flexible warehousing solutions, particularly in the expanding e-commerce market. By matching unused warehouse space with businesses in need, the platform enables clients—including retailers, distributors, and manufacturers—to effectively manage inventory, adapt to variable demand, and streamline operations through features such as documentation management and billing.

Novelship

Series A in 2022
Novelship is an online marketplace specializing in the buying and selling of authentic, limited-edition sneakers, streetwear, and collectibles from renowned brands such as Nike, Air Jordan, Yeezy, Supreme, and Kaws. The platform is tailored for the sneaker and streetwear community, ensuring that each item is meticulously curated and professionally authenticated to guarantee authenticity. By focusing on the booming Southeast Asian market, Novelship provides users access to a wide array of street fashion, allowing them to purchase verified footwear at competitive prices.

Luwjistik

Seed Round in 2022
Luwjistik, established in 2021 by Syed Ali Ridha Madihid and Wong Yingming, is a Singapore-based software-as-a-service company specializing in e-commerce logistics integration. It operates as an API bridge, facilitating direct connections between clients and network partners to service providers tailored to their needs.

Grow Commerce

Seed Round in 2022
Grow Commerce is a technology-driven company that specializes in acquiring, operating, and scaling e-commerce brands. The firm focuses on maximizing the potential of these businesses by providing support that facilitates rapid growth. By offering fair and flexible valuations, Grow Commerce enables brand owners to sell their businesses in a manner that aligns with their financial goals. This approach allows entrepreneurs to cash out and achieve their desired outcomes more swiftly, making it an attractive option for business owners looking to transition their enterprises.

Grupin

Seed Round in 2022
Grupin is a social commerce platform that focuses on creating an interactive, community-driven shopping experience for consumers. Through its innovative platform, users can discover, group, and purchase items collectively, benefiting from substantial discounts that adapt based on factors such as location, browsing behavior, buying preferences, and purchasing power. This approach allows customers to engage in unique discovery experiences, which differ from traditional search-based shopping methods, fostering a sense of community and collaboration among users. By prioritizing social interactions and tailored recommendations, Grupin enhances the overall purchasing experience and empowers consumers to access better deals.

Moladin

Series A in 2022
Founded in 2017, Moladin is an e-commerce platform specializing in the automotive sector, facilitating online transactions for used vehicles. The company has established partnerships with over 40 dealers and several major financing firms to offer consumers a wide range of options and discounts. Moladin's platform serves as a comprehensive resource for automotive owners, providing access to an online directory of servicing workshops, spare part retailers, accessory dealers, and modifiers. Additionally, it streamlines the financing process, allowing motorcycle users to easily obtain information and funding in one unified location.

Desty

Seed Round in 2021
Desty is a digital platform founded in 2020 and based in Jakarta, Indonesia, that facilitates e-commerce for creators, influencers, and merchants. It provides a comprehensive solution that allows users to build a personalized online destination where they can promote and sell their products. The platform enables individuals and brands to create unique landing pages featuring links, videos, and photos, thereby simplifying the process of establishing an online store. With a focus on enhancing the online commerce experience, Desty supports both independent sellers and larger brands in optimizing their sales performance within the social commerce landscape.

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.

Keyta

Pre Seed Round in 2021
Keyta is a digital platform designed specifically for online sellers, providing a comprehensive embedded keyboard that streamlines various sales operations. This application consolidates essential features such as auto-text templates, real-time delivery cost checks, invoice creation, and transaction management, allowing sellers to handle their day-to-day tasks efficiently. By integrating these functionalities into a single application, Keyta enables users to manage their sales transactions, arrange shipments, and respond to customer inquiries without the need to switch between multiple platforms. This one-stop shop approach enhances the online selling experience, making it easier for sellers to conduct business and improve customer interactions.

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.

Luwjistik

Seed Round in 2021
Luwjistik, established in 2021 by Syed Ali Ridha Madihid and Wong Yingming, is a Singapore-based software-as-a-service company specializing in e-commerce logistics integration. It operates as an API bridge, facilitating direct connections between clients and network partners to service providers tailored to their needs.

Sirclo

Series B in 2021
SIRCLO is an Indonesian e-commerce enabler that assists businesses in establishing a robust online presence. The company provides a range of solutions tailored for both entrepreneurs and enterprises, including SIRCLO Store, IbuSibuk, SIRCLO Commerce, ICUBE by SIRCLO, Sooplai, and Orami. These offerings encompass website development, e-commerce management, and communication tools, allowing clients to streamline their online sales across various platforms, such as websites and marketplaces. With a workforce of around 1,000 employees, SIRCLO has successfully supported over 100,000 brands in their digital transformation efforts. The company operates from multiple locations, including Bandung, Yogyakarta, and Surabaya.

Pasarnow

Seed Round in 2021
Pasarnow operates as a social e-commerce platform that facilitates online business creation for individuals and entrepreneurs. The company provides access to a diverse range of products, including fresh groceries and farm products, by partnering with over 1,000 farmers and suppliers. This online marketplace not only caters to individual consumers but also serves business clients, allowing resellers to track orders and ensure timely delivery. By enabling users to easily start their own online businesses, Pasarnow fosters entrepreneurship and offers a commission-based earning model for product sales.

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.

Mohjo

Seed Round in 2021
Mohjo is an online retailer specializing in almond milk products. The company offers a range of options, including unsweetened, sweetened, and chocolate almond milk, all made from natural ingredients such as nuts, roots, and fruits. Mohjo focuses on providing clean dairy alternatives that contain no additives, fillers, or oils, promoting a healthy and environmentally friendly product. Its offerings are designed to cater to health-conscious consumers seeking nutritious beverage choices that are beneficial for both personal well-being and the planet.

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
Desty is a digital platform founded in 2020 and based in Jakarta, Indonesia, that facilitates e-commerce for creators, influencers, and merchants. It provides a comprehensive solution that allows users to build a personalized online destination where they can promote and sell their products. The platform enables individuals and brands to create unique landing pages featuring links, videos, and photos, thereby simplifying the process of establishing an online store. With a focus on enhancing the online commerce experience, Desty supports both independent sellers and larger brands in optimizing their sales performance within the social commerce landscape.

Douzo

Seed Round in 2021
Douzo Inc. is a Japan-based company that operates a cross-border e-commerce platform known as Douzo. This platform facilitates consumer-to-consumer (C2C) social commerce, connecting buyers and sellers globally. Douzo specializes in providing purchase agency services, enabling customers to access products that may be too expensive or unavailable in their local markets. The company offers comprehensive support for overseas exports and assists client companies with e-commerce construction and direct-to-consumer (D2C) strategies. By delivering quality products at reasonable prices, Douzo aims to enhance the shopping experience for international consumers.

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 a cross-border money transfer service headquartered in Indonesia, specializing in facilitating seamless money transfers to over 50 countries across 26 currencies. The company offers a digital platform designed to streamline the remittance process, making international transactions as straightforward as domestic ones. With a focus on efficiency, Transfez enables users to send and receive money in real-time, allowing transactions to be completed in just minutes. The platform is characterized by its competitive fee structure, which aims to reduce costs associated with cross-region money transfers.

Sirclo

Series B in 2021
SIRCLO is an Indonesian e-commerce enabler that assists businesses in establishing a robust online presence. The company provides a range of solutions tailored for both entrepreneurs and enterprises, including SIRCLO Store, IbuSibuk, SIRCLO Commerce, ICUBE by SIRCLO, Sooplai, and Orami. These offerings encompass website development, e-commerce management, and communication tools, allowing clients to streamline their online sales across various platforms, such as websites and marketplaces. With a workforce of around 1,000 employees, SIRCLO has successfully supported over 100,000 brands in their digital transformation efforts. The company operates from multiple locations, including Bandung, Yogyakarta, and Surabaya.

Sociolla

Venture Round in 2021
Sociolla is an online beauty and personal care shopping platform based in Indonesia, focused on providing a wide range of authentic cosmetics, skincare, haircare, beauty equipment, and perfumes. Established to create a comfortable and reliable shopping experience for women, Sociolla partners exclusively with authorized distributors and brand holders to ensure the authenticity and quality of its products. The platform features an extensive selection of items, including lip gloss, serums, lipsticks, eyeshadow palettes, hair oils, face masks, and perfumes, all available for home delivery. By prioritizing product quality, Sociolla aims to meet the beauty needs of its customers effectively.

ACROVE

Venture Round in 2021
ACROVE is a platform that assists companies in streamlining their operations and increasing eCommerce sales. They support their customers' online stores. They provide services to clients who work in the e-commerce industry. They offer services in fields like the internet, artificial intelligence, and blockchain. They are enabling clients across all e-commerce brands.

Desty

Seed Round in 2020
Desty is a digital platform founded in 2020 and based in Jakarta, Indonesia, that facilitates e-commerce for creators, influencers, and merchants. It provides a comprehensive solution that allows users to build a personalized online destination where they can promote and sell their products. The platform enables individuals and brands to create unique landing pages featuring links, videos, and photos, thereby simplifying the process of establishing an online store. With a focus on enhancing the online commerce experience, Desty supports both independent sellers and larger brands in optimizing their sales performance within the social commerce landscape.

Sakeai

Seed Round in 2020
Sakeai, Inc. is a technology company based in Nagaoka, Japan, founded in 2020. The company specializes in developing a mobile application that assists users in discovering and selecting sake based on their individual preferences. Utilizing artificial intelligence, the application provides tailored recommendations, simplifying the often challenging process of choosing from a wide variety of sake brands. Users can easily record and share their sake experiences, while also gaining access to an online store where they can purchase the recommended products. Through its innovative approach, Sakeai aims to enhance the enjoyment of sake for enthusiasts by facilitating informed selections and fostering connections within the sake community.

AccordX

Seed Round in 2020
AccordX is a platform that allows individuals to open a virtual restaurant, prepare food at cloud kitchens and sell food by online delivery.

Appify Technologies

Seed Round in 2020
Appify Technologies, Inc. is a Tokyo-based company founded in 2018 that specializes in application development through its platform, Appify. The platform enables users to create professional applications without the need for coding expertise, focusing primarily on the e-commerce sector. By integrating with popular site creation platforms like Base, Shopify, and CAMPFIRE Community, Appify allows users to develop official mobile applications for their online stores. This no-code approach empowers individuals and businesses to enhance their online presence and streamline their operations by easily transforming their e-commerce websites into fully functional apps.

Sirclo

Series B in 2020
SIRCLO is an Indonesian e-commerce enabler that assists businesses in establishing a robust online presence. The company provides a range of solutions tailored for both entrepreneurs and enterprises, including SIRCLO Store, IbuSibuk, SIRCLO Commerce, ICUBE by SIRCLO, Sooplai, and Orami. These offerings encompass website development, e-commerce management, and communication tools, allowing clients to streamline their online sales across various platforms, such as websites and marketplaces. With a workforce of around 1,000 employees, SIRCLO has successfully supported over 100,000 brands in their digital transformation efforts. The company operates from multiple locations, including Bandung, Yogyakarta, and Surabaya.

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.

Moladin

Pre Seed Round in 2020
Founded in 2017, Moladin is an e-commerce platform specializing in the automotive sector, facilitating online transactions for used vehicles. The company has established partnerships with over 40 dealers and several major financing firms to offer consumers a wide range of options and discounts. Moladin's platform serves as a comprehensive resource for automotive owners, providing access to an online directory of servicing workshops, spare part retailers, accessory dealers, and modifiers. Additionally, it streamlines the financing process, allowing motorcycle users to easily obtain information and funding in one unified location.

X Kitchen

Seed Round in 2019
X Kitchen Inc., established in 2019 and headquartered in Tokyo, Japan, specializes in cloud kitchen operations and internet services. The company partners with existing restaurants to set up 'ghost kitchens', optimizing delivery routes and improving food quality. It also operates directly managed stores and creates brands through collaborations with various industries, including restaurants and influencers in the delivery area.

AccordX

Venture Round in 2019
AccordX is a platform that allows individuals to open a virtual restaurant, prepare food at cloud kitchens and sell food by online delivery.

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.

AllSome

Seed Round in 2019
AllSome is a logistics platform based in Shenzhen, China, established in 2017. The company specializes in connecting online merchants with spare warehouse space for efficient storage and management of cross-border shipments, particularly from China to Southeast Asia. AllSome offers a comprehensive suite of services, including procurement, quality checks, storage, and direct shipping to customers' doorsteps. Additionally, the company has developed e-commerce fulfillment software that provides parcel tracking systems, allowing businesses to effectively manage orders without significant investment. This combination of warehousing and technological solutions enables merchants to streamline their operations and enhance their service offerings.

Waresix

Series A in 2019
Waresix is a logistics platform based in Jakarta, Indonesia, that specializes in freight forwarding, warehousing, and land transportation. The platform facilitates the connection between business owners and professional warehouse operators, allowing users to access on-demand warehouse services. Waresix addresses the growing demand for flexible warehousing solutions, particularly in the expanding e-commerce market. By matching unused warehouse space with businesses in need, the platform enables clients—including retailers, distributors, and manufacturers—to effectively manage inventory, adapt to variable demand, and streamline operations through features such as documentation management and billing.

ACROVE

Venture Round in 2019
ACROVE is a platform that assists companies in streamlining their operations and increasing eCommerce sales. They support their customers' online stores. They provide services to clients who work in the e-commerce industry. They offer services in fields like the internet, artificial intelligence, and blockchain. They are enabling clients across all e-commerce brands.

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.

Waresix

Seed Round in 2018
Waresix is a logistics platform based in Jakarta, Indonesia, that specializes in freight forwarding, warehousing, and land transportation. The platform facilitates the connection between business owners and professional warehouse operators, allowing users to access on-demand warehouse services. Waresix addresses the growing demand for flexible warehousing solutions, particularly in the expanding e-commerce market. By matching unused warehouse space with businesses in need, the platform enables clients—including retailers, distributors, and manufacturers—to effectively manage inventory, adapt to variable demand, and streamline operations through features such as documentation management and billing.

Cicil

Series A in 2018
PT CICIL SOLUSI MITRA TEKNOLOGI operates a financing platform in Jakarta, Indonesia, aimed at facilitating educational loans for students. The platform assists university students by guiding them through the application process, helping to analyze their credit scores, and securing approvals for financial support. Cicil addresses the financial needs of students by providing options for paying tuition and purchasing essential study materials, such as laptops, through flexible installment plans. This enables students to make purchases via various e-commerce platforms without requiring a credit card, thus enhancing accessibility to necessary resources for their education.

Moladin

Seed Round in 2018
Founded in 2017, Moladin is an e-commerce platform specializing in the automotive sector, facilitating online transactions for used vehicles. The company has established partnerships with over 40 dealers and several major financing firms to offer consumers a wide range of options and discounts. Moladin's platform serves as a comprehensive resource for automotive owners, providing access to an online directory of servicing workshops, spare part retailers, accessory dealers, and modifiers. Additionally, it streamlines the financing process, allowing motorcycle users to easily obtain information and funding in one unified location.

Waresix

Seed Round in 2018
Waresix is a logistics platform based in Jakarta, Indonesia, that specializes in freight forwarding, warehousing, and land transportation. The platform facilitates the connection between business owners and professional warehouse operators, allowing users to access on-demand warehouse services. Waresix addresses the growing demand for flexible warehousing solutions, particularly in the expanding e-commerce market. By matching unused warehouse space with businesses in need, the platform enables clients—including retailers, distributors, and manufacturers—to effectively manage inventory, adapt to variable demand, and streamline operations through features such as documentation management and billing.

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.

Beer and Tech

Series A in 2017
Beer and Tech Inc. is a company based in Saitama, Japan, focusing on e-commerce solutions for plants and flowers. Founded in 2014, it operates the HitoHana platform, which specializes in delivering curated floral arrangements and a variety of houseplants. The platform simplifies the purchasing process for customers while catering to their interior decor needs by providing options that align with their room's aesthetics. In addition to sales, the company offers HitoHanaNote, a resource-rich website that assists plant enthusiasts in choosing and caring for various types of plants, including houseplants, orchids, and succulents. This dual approach not only enhances customer experience but also fosters a community of individuals invested in indoor greenery.

New Action

Seed Round in 2017
New Action is a company that specializes in providing food ingredients and online food delivery services, aimed at helping consumers create restaurant-quality meals at home. It offers a range of carefully selected food constituents and seasonings, along with full-scale recipes crafted by professional chefs. By combining high-quality ingredients with easy-to-follow instructions, New Action enables food enthusiasts to prepare a variety of cuisines, enhancing their cooking experience and meal enjoyment. Additionally, the company provides web marketing services, further supporting its mission to connect consumers with the culinary world.

PeraPera

Venture Round in 2017
PeraPera is a Japanese company founded in 2017 that specializes in providing foreign media translation services into Japanese. It operates a crowd-funding platform that enables users to collectively share the costs associated with translation projects. PeraPera is known for delivering popular blog posts from Silicon Valley in Japanese, thus facilitating access to global content for Japanese readers.

Kulina

Seed Round in 2017
Kulina is an online platform that specializes in daily catering orders prepared by professional chefs and kitchens. It connects caterers and home cooks directly with consumers through a pre-order system, streamlining the ordering and delivery process. The platform also supports payments via an online wallet, which enhances user convenience. By addressing inefficiencies in the food supply chain and logistics, Kulina aims to make meals more affordable and accessible for its users.

Sociolla

Series B in 2017
Sociolla is an online beauty and personal care shopping platform based in Indonesia, focused on providing a wide range of authentic cosmetics, skincare, haircare, beauty equipment, and perfumes. Established to create a comfortable and reliable shopping experience for women, Sociolla partners exclusively with authorized distributors and brand holders to ensure the authenticity and quality of its products. The platform features an extensive selection of items, including lip gloss, serums, lipsticks, eyeshadow palettes, hair oils, face masks, and perfumes, all available for home delivery. By prioritizing product quality, Sociolla aims to meet the beauty needs of its customers effectively.

Liaro

Venture Round in 2016
Liaro Inc., based in Japan, specializes in providing artificial intelligence-powered services tailored for the apparel industry. The company develops a technology platform that utilizes deep learning and machine learning to address specific operational challenges faced by retailers, including convenience stores, supermarkets, and apparel businesses. Liaro's offerings include a product recommendation engine and a computer vision system that tags clothing, aimed at reducing costs while enhancing accuracy and efficiency. By enabling clients to make informed strategic decisions, Liaro helps minimize inventory shortages and excess, ultimately increasing operational efficiency.

Cicil

Seed Round in 2016
PT CICIL SOLUSI MITRA TEKNOLOGI operates a financing platform in Jakarta, Indonesia, aimed at facilitating educational loans for students. The platform assists university students by guiding them through the application process, helping to analyze their credit scores, and securing approvals for financial support. Cicil addresses the financial needs of students by providing options for paying tuition and purchasing essential study materials, such as laptops, through flexible installment plans. This enables students to make purchases via various e-commerce platforms without requiring a credit card, thus enhancing accessibility to necessary resources for their education.

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.

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.

Future Creative Network

Seed Round in 2016
Future Creative Network is a hybrid full-service creative agency that operates within a technology-driven environment. The company specializes in digital marketing services, focusing on creative storytelling, content creation, and innovative solutions. By leveraging technology, Future Creative Network aims to enhance brand awareness and drive sales for its clients, ultimately improving their business recognition. The agency's approach combines creativity with technological insights to deliver impactful results that elevate brands in a competitive marketplace.

Eragano

Seed Round in 2016
PT. Eragano Agritech Indonesia, founded in 2016 and based in Bandung, Indonesia, develops a mobile application designed to support farmers through a comprehensive suite of services. The application offers automated farm scheduling, e-commerce for farm supplies, crop insurance, and access to microfinance. Eragano aims to enhance the productivity and profitability of smallholder farmers by providing flexible solutions that cover all aspects of farming, from sourcing agricultural inputs to selling harvests. Additionally, the company provides digital guidance on cultivation practices. Eragano's vision is to revolutionize agricultural methods to promote sustainability, improve farmers' livelihoods, and enhance consumer health.

PowerCore

Seed Round in 2016
PowerCore, Inc. is a company based in East Palo Alto, California, that specializes in creating an offline to online platform designed to connect consumers with their favorite brands and characters. Established in 2015, the company provides a range of solutions that include character creation, customer loyalty programs, digital redemption, and application development. PowerCore also features an online store offering a variety of merchandise such as apparel, collectibles, and accessories, as well as digital tagging and secure authentication services. By leveraging its innovative platform, PowerCore enables brands to gather valuable first-party client data and engage consumers effectively across both offline and online environments.

Prinzio

Seed Round in 2015
Prinzio is a Jakarta-based company that provides an online platform connecting users with local brick-and-mortar printing businesses in Indonesia. The platform allows users to compare prices from various printing companies, place orders online, and have their printed materials delivered directly to their doors. As a subsidiary of Gogoprint (Thailand) Co., Ltd. since December 2018, Prinzio aims to streamline the commercial printing outsourcing process, making it easier for customers to access and utilize printing services.

Sociolla

Series A in 2015
Sociolla is an online beauty and personal care shopping platform based in Indonesia, focused on providing a wide range of authentic cosmetics, skincare, haircare, beauty equipment, and perfumes. Established to create a comfortable and reliable shopping experience for women, Sociolla partners exclusively with authorized distributors and brand holders to ensure the authenticity and quality of its products. The platform features an extensive selection of items, including lip gloss, serums, lipsticks, eyeshadow palettes, hair oils, face masks, and perfumes, all available for home delivery. By prioritizing product quality, Sociolla aims to meet the beauty needs of its customers effectively.

HipVan

Series A in 2015
HipVan is an e-commerce platform based in Singapore that specializes in offering designer furniture, home furnishings, and lifestyle products at discounted prices, often up to 70% off retail. The company collaborates with independent designers and top partners to curate a selection of well-designed items aimed at enhancing everyday living. Through its online store, HipVan allows homeowners and consumers to conveniently browse and purchase stylish, quality furniture from the comfort of their homes, with home delivery services available to facilitate the buying process.

Lemonilo

Seed Round in 2015
PT Lemonilo Indonesia Sehat operates as a retail platform that focuses on promoting healthier lifestyle choices through a diverse range of natural and affordable products. Established in 2016 and based in Jakarta Barat, Indonesia, Lemonilo offers an extensive selection of food products, such as snacks, vegetables, fruits, meat, seafood, baby food, and juices, alongside personal care items like face treatments, body care, dental hygiene products, and essential oils. The company is dedicated to providing products free from over 100 harmful synthetic ingredients and collaborates with small and medium-sized enterprises across Indonesia. Lemonilo aims to support the Indonesian population in leading healthier and more productive lives by making healthy living accessible and affordable through both its online platform and physical retail stores.

PopBox Asia

Seed Round in 2015
PopBox Asia is an independent logistics solution provider specializing in last-mile delivery for the e-commerce sector in Asia. The company offers automated parcel locker services that facilitate the sending, collection, and return of packages. By leveraging proprietary technology and a dedicated logistics platform, PopBox Asia enhances the efficiency of traditional logistics solutions, making it easier for customers to manage their deliveries in strategic locations at affordable prices. This innovative approach aims to meet the growing demands of the e-commerce community, providing a reliable and convenient service for package handling.

Berry Kitchen

Series A in 2015
Berry kitchen is a Indonesia’s online food catering industry. Berry Kitchen makes lunch boxes and bento meals, typically for office workers. It does the whole thing – it deals with suppliers, makes the food, does the packaging, and then delivers the food to clients.

Ralali

Series A in 2015
Ralali is an Indonesian e-commerce company that operates a B2B online marketplace designed to facilitate local trade by connecting suppliers and buyers across various sectors. Established in 2013 and based in Tangerang, Ralali initially focused on Industrial and MRO categories but has since expanded its offerings to include Office supplies, Automotive, Medical, Agriculture, Home & Building, as well as Hotel and Restaurant Equipment. The platform features a comprehensive network of buyers and sellers, along with tools for credit and promotions, which help businesses enhance their reach and increase sales. Ralali aims to streamline the buying and selling process, making it easier, safer, and more transparent for businesses in Indonesia.

Omise

Series A in 2015
Omise Co., Ltd. is a Bangkok-based company founded in 2013 that develops and operates an online payment platform designed for seamless integration on both web and mobile. The platform facilitates money transfers to third-party bank accounts, enables refunds to customers, and allows users to store payment information for future transactions. Omise caters to businesses by offering a variety of payment processing solutions, addressing the challenges faced by online stores in Thailand, Japan, and Singapore, where the existing payment systems often require cumbersome documentation and high fees. The company aims to simplify the payment process, enabling instant acceptance of credit and debit card payments, as well as bill payments through online banking and ATMs. Omise also provides APIs for developers, ensuring easy integration and high security standards, as evidenced by its compliance with PCI-DSS 3.1. The company's mission is to enhance the online payment experience, bridging the gap between physical and digital transactions for both merchants and consumers.

Kudo

Series A in 2015
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.

Livaza.com

Seed Round in 2015
Livaza.com is an e-commerce platform specializing in home and living products, including high-end, handmade furniture and interior decoration items. The company focuses on delivering a superior online shopping experience that emphasizes affordability and quality. Livaza offers a diverse range of products such as chairs, sofas, tables, bedding, and decorative items sourced from Indonesia, catering to both residential and commercial needs. Additionally, the marketplace features customized furniture and various decorative essentials for spaces like offices and restaurants. By prioritizing value and sophistication, Livaza aims to meet the demands of customers seeking luxurious yet reasonably priced home furnishings worldwide.

Otten Coffee

Series A in 2015
Otten Coffee is an e-commerce platform based in Medan, Indonesia, dedicated to serving coffee enthusiasts. The company offers a comprehensive range of coffee-related products, including coffee beans, espresso machines, grinders, and various specialized tools for both baristas and casual coffee drinkers. By providing a tech-enabled marketplace, Otten Coffee caters to diverse customer needs, from professional coffee shop operators to individuals seeking to enhance their home brewing experience.

Blisby

Seed Round in 2015
Blisby LTD. is a Bangkok-based company established in 2013 that operates an online marketplace dedicated to handmade crafts. The platform serves as an e-commerce site where artists and craft makers can showcase a diverse array of products, including clothing, stationery, and accessories. Blisby facilitates the sharing of ideas and inventions within the artistic community, enabling users to discover and engage with unique handmade items. Through its marketplace, the company promotes creativity and encourages collaboration among artisans in Thailand.

Oodle

Venture Round in 2015
Oodle is a company that offers a comprehensive online marketplace, facilitating the buying and selling of goods through an aggregated classifieds platform. It collects over 500,000 new listings daily from more than 80,000 sources, allowing buyers to view a wide range of products in a single location. For sellers, Oodle simplifies the process by enabling them to post their listings across numerous partner sites simultaneously. This social marketplace not only helps users share information about products they wish to sell but also allows them to seek out items they want to purchase, enhancing the overall online trading experience.

ShopBack

Seed Round in 2015
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.

Bridestory

Series A in 2015
Bridestory is a digital platform that serves as a marketplace connecting engaged couples with a variety of wedding professionals. The company facilitates the organization of weddings by providing technology-driven solutions that streamline the planning process. Bridestory offers curated lists of vendors and suppliers, including venues, dresses, photographers, and rental services, aiming to ensure a seamless and stress-free experience for clients.

SHOPLINE

Seed Round in 2015
Shopline is an e-commerce company based in Asia that offers a do-it-yourself (DIY) platform for creating online shops. The company's platform is designed to be user-friendly, with a simplistic setup process and native language support, making it accessible to small businesses across the region. Shopline supports regional payment methods and ensures that all shops are fully responsive, adapting seamlessly to various screen sizes for a consistent customer experience on any device. The company aims to empower small businesses in Asia by providing tools that complement their existing business practices, enabling them to succeed in e-commerce. Initially focusing on Chinese-speaking countries, Shopline is positioned to disrupt the rapidly growing e-commerce market in Asia.

Shoppr

Seed Round in 2015
Shoppr Labs Sdn Bhd, founded in 2013 and based in Kuala Lumpur, Malaysia, specializes in developing a mobile shopping application. The app focuses on fashion, enabling users to discover clothing items inspired by the outfits of trendsetters and everyday fashion enthusiasts. Shoppr aims to simplify the shopping experience by providing a platform where users can learn how to style their outfits and search for desired clothing items all in one location.
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