Indonesia-focused venture capital firm East Ventures raises US$550M to focus on SEA startups

Indonesia-focused venture capital firm, East Ventures, has raised a total of US$550 million in the final close of its latest funds to focus on Indonesia and Southeast Asia startups. The firm will allocate US$150 million for early-stage deals, and US$400 million for growth-stage deals.

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Singapore’s Sea Ltd prepares move into Indonesia’s insurance sector

May 19, 2022

Singapore-headquartered e-commerce and gaming giant Sea Ltd is said to be preparing a move into Indonesia’s insurance sector. The US-listed tech firm has prepared plans to acquire an insurance company in Indonesia, Financial Times reported. Such an acquisition would prepare Sea to better compete with rival super apps including Jakarta-headquartered GoTo and Singapore-based Grab, which are aiming to provide a one-stop-shop from ride-hailing, food delivery to financial services to their users across Southeast Asia.

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Salesforce Buys for Automated Customer Service

September 22, 2023

Salesforce is buying, which builds low-code, AI-powered e-commerce customer service agents.  You might have thought Salesforce could already do that, but presumably Airkit does it better.  It doesn’t hurt that the company founders sold a previous business to Salesforce, the company was partly funded by Salesforce Ventures, and the product is already listed on AppExchange.  Price was not announced.

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