Asia’s venture capital-backed startups are gunning for Starbucks . In China, the U.S. coffee giant is being pushed by Luckin Coffee, a $2.2 billion challenger surfing China’s on-demand wave, and on the real estate side, where WeWork China has just unveiled an on-demand product that could tempt people who go to Starbucks to kill time or […]
View More First China, now Starbucks gets an ambitious VC-funded rival in IndonesiaCategory: East Ventures
Warung Pintar raises $27.5M to digitize Indonesia’s street vendors
The digital revolution in Indonesia, Southeast Asia’s largest economy, continues to attract big money from investors. Hot on the heels of a $50 million round for Bukalapak, a billion-dollar company helping street stall traders to tap the internet, so Warung Pintar, another startup helping digitize the country’s vendors, has pulled in $27.5 million for growth. Bukalapak […]
View More Warung Pintar raises $27.5M to digitize Indonesia’s street vendorsIndonesian fintech startup Moka raises $24M led by Sequoia India
Indonesia’s Moka, a startup that helps SMEs and retailers manage payment and other business operations, has pulled in a $24 million Series B round for growth. The investment is led by Sequoia India and Southeast Asia — which recently announced a new $695 million fund — with participation from new backers SoftBank Ventures Korea, EDBI — […]
View More Indonesian fintech startup Moka raises $24M led by Sequoia IndiaIndonesia’s EV Hive raises $20M for its co-working business to rival WeWork
WeWork is setting its sights on Southeast Asia, but that isn’t stopping local rivals from building up there business. In Indonesia, EV Hive — a co-working brand first started by a VC firm — has pulled in $20 million for expansion as its U.S.-based rival increases its focus on Indonesia. The company was founded in […]
View More Indonesia’s EV Hive raises $20M for its co-working business to rival WeWorkSoutheast Asia’s ShopBack moves into personal finance with its first acquisition
Singapore-based e-commerce startup ShopBack came on the radar when it raised $25 million last November, and now the company is making its first acquisition. ShopBack said today it has picked up Seedly, a fellow Singaporean startup that offers a personal finance service, in an undisclosed deal. The entire team will move over and Seedly will continue as […]
View More Southeast Asia’s ShopBack moves into personal finance with its first acquisitionNew project outfits Indonesia’s street vendors with free Wi-Fi and smart tech
Investors in Indonesia have started a new project aimed at digitizing the kiosk shops that adorn the street of capital city Jakarta. Warung Pintar — ‘smart kiosk store’ — helps street vendors revamp their store with a bright and colorful design, and a range of tech that includes a digital POS, free Wi-Fi, an LCD screen, power bank chargers and more. The venture was… Read More