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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//

PORTFOLIO

Ascenda

Ascenda is a leading global B2B SaaS rewards company offering enterprise level loyalty solutions to financial services clients. Their rewards technology and payment propositions, provided via APIs and UIs to support white labelling, enable clients to acquire engage and retain customers.

Key Operations: Singapore, USA, Australia, Europe

Industry: B2B SaaS

Founded: 2014

Founders: Kyle Armstrong, Sebastian Grobys, Junyang Ng

Website: https://www.ascendaloyalty.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:

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

Recent News:

GoWork Raises $10M To Expand Coworking In Indonesia, Crunchbase News, 9 Oct 2018

Startup Coworking Space Ini Eksis di Mal Elit Jakarta, CNBC Indonesia, 19 April 2019

PORTFOLIO

GoWork

GoWork is a leading, premier co-working
space operator in Indonesia, with more than
25 locations in multiple cities across the
archipelago.

Key Operations: Indonesia

Industry: Proptech

Founded: 2016

Founders: Vanessa Hendriadi, Richard Lim, Donny Tandianus

Website: https://go-work.com

Recent News:

Indonesian culinary multibrand startup Hangry raises additional $22M for Series A funding, Technode, 18 April 2022

Hangry, an Indonesian cloud kitchen startup with plans to become a global F&B company, closes $13M Series A, TechCrunch, 30 May 2021

PORTFOLIO

Hangry

Hangry is Indonesia’s first multi-brand, virtual restaurant with over 45 cloud kitchen outlets across Greater Jakarta and Bandung. Hangry sets itself apart by building its own food brands, instead of providing kitchen facilities and services to third-party restaurants and brands. Hangry operates its own mobile app and is also available on leading food delivery
platforms in Indonesia.

Key Operations: Indonesia

Industry: Virtual F&B

Founded: 2019

Founders: Abraham Viktor, Andreas Resha,
Robin Tan

Website: https://www.ishangry.com

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