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Abstract
East Ventures injected US$ 6.7 billion or Rp. 96.7 trillion in extra funding to startups. The enterprise capitalist additionally recorded an annual gross merchandise worth (GMV) of greater than US$86 billion or Rp 1.234 trillion. East Ventures closed greater than 80 funding offers final yr as a number one VC. A complete of 48 of the offers are new firms. The quantity of funding has doubled in comparison with the earlier yr.
“This strengthens East Ventures’ management place in Southeast Asia in bringing extra affect to society,” East Ventures stated in its Sustainability Report 2020 report launched Wednesday. Over the previous yr, East Ventures has been aggressively investing in startups.
East Ventures can be concerned in funding the culinary startup Legit Group. Indonesia-based multi-channel e-groceries platform Pasarnow additionally introduced a US$ 3.3 million seed funding led by East Ventures. The corporate additionally led a US$ 50 million or Rp 717 billion collection B funding spherical for insurance coverage startup (insurtech) Fuse final yr.
As well as, East Ventures has made 30 exit technique offers. East Ventures’ portfolio startups which have applied exit methods are Kudo (acquired by Seize), Loket (acquired by Gojek), and Bridestory (acquired by Tokopedia).
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