Active Archives

Recent News:

Indonesian fintech firm Akulaku sees 122% rise in annual revenue, TechInAsia, 9 May 2022

Akulaku gets $10m funding for SEA push, TechInAsia, 30 Mar 2022

Indonesian online lender Akulaku reports over 150% rise in H1 revenue, TechInAsia, 25 Aug 2021

Akulaku

Akulaku is a leading fintech unicorn in Southeast Asia, offering a full suite of financial services including digital banking, consumer credit, digital investment, and insurance brokerage services to an emerging market with an underserved but creditworthy and fast-growing consumer group. Its digital banking platform is through IDX listed bank, PT Bank Neo Commerce.

Key Operations: Indonesia, Malaysia, Philippines, Vietnam

Industry: Fintech

Founded: 2014

Founders: William Li, Gordon Hu

Website: https://www.akulaku.com/

Recent News:

Why profitable 6Y/O Poladrone decided now’s the time for funding & bagged RM18M, Vulcan Post, 26 Oct 2021
Poladrone Rebrands Itself as Aonic: Launches New Vertical, Data & Storage ASEAN, 5 July 2022
UAVs: Propelling the drone industry forward, The Edge Malaysia, 2 Jan 2023

PORTFOLIO

Aonic

Aonic (formerly Poladrone) is the leading drone service provider in Southeast Asia to enterprises that are looking to modernise and streamline their operations workflows. They serve the agricultural, industrial, services, retail and educational industries with their proprietary drone models.

Key Operations: Malaysia and Thailand

Industry: Drone Technology & Services

Founded: 2016

Founders: Cheong Jin Xi

Website: https://www.aonic.com//

Recent News:

Venturi Partners leads SG beauty startup’s $55m series C round, TechInAsia, 21 April 2022

PORTFOLIO

Believe

Believe is a FMCG conglomerate that offers
multiple, private label brands of Halal-certified
cosmetics, fragrances, and personal care
products. The company’s aim is to capture
the fast-growing Halal cosmetics market in
the Southeast Asia region.

Key Operations: India, Bangladesh,
Indonesia (2022)

Industry: Commerce B2B/B2C/Social

Founded: 2019

Founders: Ankit Mahajan and Dheeraj Batra

Website: https://believe.sg/

Recent News:

Hari Pariwisata Dunia, Bobobox Janji Dukung Pariwisata Berkelanjutan – DetikTravel 29 Sep 2022
Capsule hotel startup Bobobox bags $11.5m in series A funding – TechInAsia, 21 May 2020

PORTFOLIO

Bobobox

Bobobox is Indonesia’s leading capsule hotel and outdoor cabin operator with branches across Jakarta, Bandung and Yogyakarta. They design and produce their own patented modular accommodation for different needs such as “express” pods for napping in airports, modular communal pod hotels, and outdoor cabins that experience a strong demand in Indonesia’s domestic tourism market.

Key Operations: Indonesia

Industry: Hospitality/Accommodations

Founded: 2018

Founders: Antonius Bong and Indra Gunawan

Website: https://bobobox.co.id/

Recent News:

Work-from-Home is here to stay and requires reliable logistics, Philippine Daily Inquirer, 19 May 2022

Thailand wants to be Southeast Asia’s logistics hub. These startups are on the case, TechInAsia, 8 July 2019

PORTFOLIO

Deliveree

Deliveree is Southeast Asia’s leading trucking, road cargo, and goods delivery provider operating in Indonesia, Philippines, and Thailand. Their asset light business is powered by evolving third-generation technology, a massive marketplace of vendors, a robust roster of blue-chip and SME customers.

Key Operations: Philippines, Indonesia, Thailand

Industry: Logitech

Founded: 2015

Founder: Tom Kim

Website: www.deliveree.com

Recent News:

Eezee Announces Strategic Partnership with Genesis Alternative Ventures to Leverage Venture Debt for Bridging SMEs’ Working Capital Gaps, 29 August 2024
Procurement startup Eezee raises US$7.5m in Series A round led by Ayala, Business Times. 5 Sep 2022
Singapore, Shenzhen ink MOUs in support of Smart City Initiative, Straits Times, 17 July 2020

PORTFOLIO

Eezee

Eezee is B2B procurement and supply chain marketplace for industrial hardware and MRO supplies, enabling thousands of specialized suppliers to scale their customer base through the platform.

Key Operations: Singapore, Indonesia, Malaysia

Industry: B2B Supply Chain

Founded: 2018

Founder: Logan Tan, Jasper Yap, Terrence Goh

Website: http://eezee.sg

Recent News:

Etaily tapped as PH TikTok Shop enabler, Manila Standard, 3 May 2024
Philippine e-commerce enabler Etaily raises $17.8m, Nikkei Asia, 15 November 2023

PORTFOLIO

Etaily

Etaily is a Philippines focused second-generation full stack e-commerce enabler. The company enables both online and offline brands connect, engage and transact with customers more effectively in the archipelago.

Key Operations: Philippines

Industry: Enterprise

Founded: 2020

Founder: Alexander Friedhoff

Website: https://www.etaily.com/

Recent news:

Fashion imaging startup FlixStock banks $2.5m from Wavemaker, others, TechInAsia, 2 March 2020

PORTFOLIO

FlixStock

FlixStock is a full-stack imagery solution provider that helps fashion brands and retailers create high- quality, eCommerce-ready on-model images effortlessly and economically. Flixstock’s market-leading AI engine generates 4k high resolution on-model images with just single mannequin shots of the garments without the need of human models.

Key Operations: US, Singapore, India

Industry: Fashion Tech

Founded: 2015

Founder: Harindar Keer, PhD

Website: https://en.flixstock.com/

Recent News:

SG’s credit collection firm Flow raises $6m in Series A from Dymon, others – DealStreetAsia, 13 May 2020

PORTFOLIO

Flow

Flow is a credit management company that is transforming the business of unsecured consumer finance through AI technologies and ethical practices in Asia. Flow’s data-driven collection strategies have enabled remarkable recovery rates for top financial institutions and technology companies in India, Indonesia and Vietnam.

Key Operations: Indonesia, Vietnam, India

Industry: Fintech

Founded: 2016

Founder: Tomasz Borowski

Website: https://www.flow-tech.ai