• Fresh Factory

  Participated · Seed · Jun 2022

  Fresh Factory is a cold chain enabler and fulfillment startup in Indonesia providing decentralized cold chain storage facilities, pick-and-pack services, and last-mile deliveries. Its network spans 22 Indonesian cities and more than 40 fulfillment centers. The company serves online and brick-and-mortar retailers, including Sirclo and Danone, and emerging customers such as Eden Farm and Kin Dairy Fresh Milk. In the previous 12 months its annual gross merchandise value increased by 10 times and its clientele doubled. By the end of the year Fresh Factory plans to expand to over 100 fulfillment centers across 50 Indonesian cities. The move targets Indonesia's underdeveloped cold chain logistics market, which faces higher setup and operating costs than customary logistics operations. Fresh Factory operates a network of hyperlocal cold storage smart warehouses and a fulfillment management system that stores, picks, packs, and delivers perishable goods for businesses. Its platform integrates GeoTagging and GeoLocation for storage, AI to forecast and manage stock, and IoT to monitor freezer and chiller temperatures. The company targets gaps in Indonesia's cold chain by placing mid- and last-mile infrastructure closer to customers across Java, Sumatra, Sulawesi, and Bali. Fresh Factory currently operates more than 20 warehouses and serves frozen-to-chilled storage needs for merchants, including SMEs and e-commerce grocers. It plans to expand warehouses to all secondary cities in Java and main cities in Sumatra and Sulawesi while investing in talent and technology to boost adoption and operational excellence. As of April 2022 the company reported roughly $10 million of annualized GMV, annualized fulfillment for more than 1 million orders, and 30% month-over-month revenue growth over the prior three months.

• Mapan

  Participated · Series A · Jun 2022

  Mapan digitized the traditional Indonesian arisan (rotating savings and credit associations) into a digital product called Mapan Arisan, and also operates a marketplace (Mapan Mart) and a bills/payment feature (Mapan Pulsa). The service is focused on low-income users—mostly women—and enables groups to pay for goods and services instead of cash, with group sizes starting at five members. Mapan monetizes via the margin between its selling prices and supplier purchase prices and offers leader incentives and cashback through its Mitra Usaha Mapan (MUM) program. It currently claims more than three million members and about 250,000 MUM leaders, and is available in Java, Bali, Sumatera, Nusa Tenggara and Sulawesi. The company plans to expand into the rest of Indonesia and aims to make Mapan Arisan available to 10 million households by 2026. Mapan was founded in 2009 and recently appointed Ardelia Apti as CEO.

• Pasarnow

  Participated · Equity · Sep 2021

  PasarNow operates an online grocery platform that prioritizes fresh food supply‑chain simplification and sells fresh products through multi‑channel touchpoints to both B2B and B2C customers. The company pivoted and rebranded from social commerce JamanNow to PasarNow in 2021 after a $3.3M funding round led by East Ventures. Its stated focus is offering higher‑quality fresh food and streamlining sourcing and distribution. The app is currently available only in the Jabodetabek area (though the company previously opened in parts of West Java) and the Android app appears underutilized, with mobile web as an alternative channel. PasarNow competes with local players such as Sayurbox, Titipku, and Segari. The company has faced the broader online grocery challenge of softening post‑pandemic penetration despite prior funding activity. Pasarnow operates a multi-channel e-grocery platform that integrates B2B and B2C ordering into a single mobile app and uses a data-driven backend for demand forecasting. The company connects over 1,000 farmers and suppliers to consumers and segment-specific channels with distinct pricing and incentives. Pasarnow focuses on fresh and frozen produce delivery with temperature-controlled, fast last-mile logistics and has invested in technology and operational infrastructure to reduce waste and ensure freshness. It currently operates in Greater Jakarta and Bandung, runs about 10 hubs around Greater Jakarta, and employs over 100 full-time staff plus roughly 200 daily workers and driver-partners. The business reported a 400% increase in B2C orders and doubled its monthly income following a shift in customer behavior during the COVID-19 pandemic. Planned uses of new funding include regional expansion, hiring, improving data and technical infrastructure, and building frontline micro-warehouse hubs to enable rapid delivery.

• Cakap

  Participated · Series A · Dec 2020

  Cakap is an Indonesian online language learning platform that delivers live instruction with native-speaking teachers alongside multimedia learning materials. Its approach combines live teaching and customized multimedia content tailored to each learner. Students can study from home or the office, avoiding inconvenient scheduling, commutes, high tuition costs, and outdated textbooks. The app is highly rated—4.9 out of 5 on Google Play—and is the highest-rated language tutoring app in the country. Led by co-founder and CEO Tomy Yunus, the company has expanded into K-12 and vocational up-skilling markets. Following its recent Series A+ raise, it plans to use proceeds to recruit staff, advance technology development, and expand its business across Indonesia and the region.

• Jendela360

  Participated · Equity · Jun 2020

  Jendela360 operates an online property marketplace that connects tenants, landlords and agents and offers more than 9,000 apartment units. The company pioneered 360 virtual tours in the Indonesian property industry. Founded in 2017 by Kiki Guzali, Daniel Rannu and Ade Indra, Jendela360 says its business has grown 30-fold over three years. With fresh capital the startup plans to double down on an online-to-offline approach, hiring and training real estate agent talent and building a training system to raise service standards. The company aims to pair its strong online presence with an improved offline experience to drive property transactions.

No current team members are available.