Participated · Series A · May 2023

Praktis operates an end-to-end platform that manages raw material purchases, production, fulfillment and logistics for D2C brands and suppliers. The platform aggregates purchasing and processing to deliver economies of scale, allowing brands to focus on marketing and brand building. Praktis began in fashion before expanding into the beauty industry and says its ecosystem can be applied to other verticals. The company reported rapid growth—12x year-over-year from 2020 to 2021 and 4x year-over-year from 2021 to 2022—as the pandemic accelerated adoption of its services. Praktis will use the new funding for technology development for both brands and suppliers, hiring, and expanding its end-to-end supply-chain ecosystem. The company appointed Leonard Pontoh as chief financial officer (joining the board) and is led by co-founder and CEO Adrian Gilrandy.

Led · Seed · May 2023

Coldspace operates an integrated cold chain platform that combines owned cold storage and reefer trucks with a partner marketplace enabled by its technology stack. The company provides cold storage facilities, reefer trucking, and cold fulfillment services using a hub-and-spoke model to support quick commerce and temperature-sensitive logistics. It also develops management solutions for customers—including a Warehouse Management System (WMS) and Transportation Management System (TMS)—to help manage and track products, perform analytics, and deliver training as value-add services. Coldspace currently serves importers, exporters, distributors, food & beverage producers, logistics companies, and pharmaceutical customers across multiple categories such as fisheries, dairy, meat, produce, and pre-packaged meals. As of April 2023 the company manages 3,000 tons of owned cold storage capacity and 20 reefer trucks, while its partner marketplace lists 30,000 tons of storage capacity and 100 reefer trucks. The company is operating in Jabodetabek (Greater Jakarta), Surabaya, Malang, Bali, and Medan and plans nationwide expansion while building out infrastructure where cold chain services are unavailable.

Participated · Equity · Jun 2021

wagely provides a financial wellness platform that lets workers access their pay after each workday, track salary, and use financial literacy resources. The service is offered free to employers, who provide it as an optional benefit to employees. The company operates in Indonesia and Bangladesh and reports strong usage metrics: in 2023 wagely disbursed over US$25M in salaries, processed close to one million transactions, and was accessible by 500,000 workers. The firm raised US$23M in funding to support its growth. Management says the funds will be used to expand operations and development efforts. No other financial details or past rounds are provided in the article. Wagely provides earned wage access (EWA) to workers and partners with employers to offer on-demand access to earned pay. The company has expanded beyond Indonesia into Bangladesh and serves corporate clients including British American Tobacco, Ranch Market, Adaro Energy and Medco Energi. Wagely says its user base grew 10x year‑over‑year in 2021. It plans to broaden its product set into a holistic financial wellness platform with savings, insurance, long‑term installment loans and financial education. The startup has signed ready‑made garment manufacturers in Bangladesh such as SQ Group, Classic Composite and Vision Garments. Financially, Wagely recently raised $8.3M in a pre‑Series A and has raised $14M in total since launching in 2020. Wagely is an Indonesian earned wage access and financial services platform that lets workers track daily earnings and withdraw earned wages on demand. The company was founded in 2020 by alumni of major Southeast Asian tech firms; CEO Tobias Fischer previously worked at Grab Financial Services Asia and CTO Sasanadi Rukua was a VP of engineering at Tokopedia. Wagely expects to reach more than 250,000 users this year and says it is the market leader in Indonesia with over 50 large enterprise clients. On average, more than 50% of employees at wagely’s enterprise clients use the service multiple times per month. The startup aims to build a holistic financial wellness platform that will include savings, insurance and smart spending products. Wagely recently raised strategic funding to expand its sales team and accelerate enterprise deal activity.

Participated · Series B · Jan 2019

Warung Pintar builds brightly designed ‘smart kiosks’ for Indonesian street vendors that include a digital POS, free customer Wi‑Fi, an LCD display and power‑bank chargers. The company provides the tech appliances at no fee while kiosk owners pay a $5,000 charge that covers a prefab kiosk. Warung Pintar is in growth mode and is not yet fully focused on monetization; management sees revenue opportunities via supply‑chain management and brands leveraging the startup’s consumer touch points. The business counts 1,150 kiosks in Jakarta and has begun expansion into Banyuwangi, East Java. Management aims to grow to about 5,000 kiosks before the end of the year. The company was founded in 2017 and operates in Indonesia. Warung Pintar outfits street-vendor kiosks with a bright prefab kiosk and a suite of technology including a digital POS, free Wi‑Fi, LCD screens and power-bank chargers. The project was born out of East Ventures less than six months before the article and has deployed its solution to 12 kiosk owners in Jakarta so far. The company charges a one-time $5,000 fee to cover the prefab kiosk while providing the technology free of charge and is not immediately seeking revenue. Its team is assessing indirect monetization options such as taking a cut for connecting financial-service providers, brokering other services, or enabling local online ordering. East Ventures associate Agung Bezharie moved to become CEO as the initiative scaled. The venture completed an oversubscribed $4 million seed round and is discussing extending the financing. The initial rollout uses a district-by-district approach in Jakarta with plans to expand across Indonesia.