Business Times : Offering access to education and a ticket to a better life

BusinessTimes.com.sg — RUANGGURU co-founder Iman Usman is a firm believer that access to education is a ticket to improving one’s quality of life. Hailing from Padang, a small city in West Sumatra far from Indonesia’s capital, Usman is the youngest of six children and the first in his family to graduate from college. “There is aContinue reading “Business Times : Offering access to education and a ticket to a better life”

Bloomberg : Naspers-Backed Crypto Luno Acquired by Digital Currency Group

Bloomberg.com — Naspers Ltd.-backed cryptocurrency exchange Luno has been acquired by New York-based digital asset investment firm Digital Currency Group, according to a company release seen by Bloomberg. Terms of the deal were not disclosed. DCG has backed more than 160 blockchain companies and is the parent of units including asset manager Grayscale Investments, crypto broker GenesisContinue reading “Bloomberg : Naspers-Backed Crypto Luno Acquired by Digital Currency Group”

Business Times : Indonesia Startups Should Build on Home Turf, Say Panellists

John Riady, our Managing Partner joined Wilson Cuaca, Managing Partner at East Ventures, Jeffrey Seah, Partner for the Asia Fund at venture firm Quest Ventures, and Jonathan Sudharta, CE and Co-founder of Halodoc in a discussion about investing in Indonesia’s digital economy.

Tech Crunch : Automotive Marketplace Carro Hits Unicorn Status with 360M Series C Led by Softbank Vision Fund 2

TECHCRUNCH.COM — Carro, one of the largest automotive marketplaces in Southeast Asia, announced it has hit unicorn valuation after raising a $360 million Series C led by SoftBank Vision Fund 2. Other participants include insurance giant MSIG and Indonesian-based funds like EV Growth. About 90% of vehicles sold through Carro are secondhand, and it offers services thatContinue reading “Tech Crunch : Automotive Marketplace Carro Hits Unicorn Status with 360M Series C Led by Softbank Vision Fund 2”

CompassList : Indonesian Edtechs Attract Funding Even as Students Head Back to School

CompassList.com — On March 30, the Indonesian government issued a joint ministerial decree ordering schools that have vaccinated all teachers and staff to reopen immediately. Some schools are already conducting trial runs for face-to-face teaching. Education minister Nadiem Makarim said the government aims for all schools to partially resume face-to-face learning activities by July this year in time forContinue reading “CompassList : Indonesian Edtechs Attract Funding Even as Students Head Back to School”

Jakarta Post : Beauty Platform Social Bella Secures $58 Million Funding Round

TheJakartaPost.com — Online beauty marketplace Social Bella has announced that it has closed a US$58 million funding round to support its new business unit and increase its growth in the beauty and personal care sector. The funding round comes from its existing investors, namely Singaporean state investment fund Temasek and its private equity subsidiary Pavilion, asContinue reading “Jakarta Post : Beauty Platform Social Bella Secures $58 Million Funding Round”

Business Times : Who Wants To Be a Venture Capitalist?

BUSINESSTIMES.COM.SG — IN THE early 1980s, Chua Joo Hock, an engineer by training, cut his teeth in venture capital – the business of investing private capital in emergent companies, or more romantically, the art of betting on diamonds in the rough. As part of a secondment to venture firm Seavi (South-east Asia Venture Investment), Mr ChuaContinue reading “Business Times : Who Wants To Be a Venture Capitalist?”

CompassList : Indonesia 2020: Investors Say Opportunities Still Abound Despite Still

COMPASSLIST.COM — After the longest bull market run in history, investors are bracing for an impending economic downturn. The global economy may weaken to its slowest growth rate since the 2008 financial crisis and get “stuck in a long period of low growth,” the OECD has warned. Other organizations, such as the IMF and the UN Conference on Trade andContinue reading “CompassList : Indonesia 2020: Investors Say Opportunities Still Abound Despite Still”

Crunch Base : Indonesian Edtech Startup Ruangguru Raises $150M

CRUNCHBASE.COM — The Series C, which was led by General Atlantic and GGV Capital, will help the company expand its product in Indonesia and Vietnam. Ruangguru, which was founded in 2014, counts East Ventures and Venturra Capital among its investors. Ruangguru helps users learn concepts through its online platform, which has animated videos, quizzes and infographic summaries. More than 15,000 students use Ruangguru, andContinue reading “Crunch Base : Indonesian Edtech Startup Ruangguru Raises $150M”

Portfolio Story : Sociolla

In 2014, Sociolla was founded by John Rasjid, Christopher Madiam and Chrisanti Indiana. Now, they are the largest beauty e-commerce platform in Indonesia that aims to give equal access for beauty products to every woman in Indonesia. We sat down with Chrisanti, CMO and Co-Founder of Sociolla, in their office to discuss Sociolla’s rise to success.Continue reading “Portfolio Story : Sociolla”