Indonesia’s retail tech startup Warung Pintar acquires Bizzy Digital for USD 45M

Indonesia's micro-retail startup Warung Pintar announced the acquisition of supply chain platform Bizzy Digital for USD 45M.

This deal brings together Warung Pintar’s front-end retail digitalisation capabilities and Bizzy’s supply chain strengths in FMCG.

RateS snags Series A to expand social commerce platform to tier 2, 3 cities in Indonesia

RateS, a social commerce platform operating in Indonesia, announced today it has closed an undisclosed amount in Series A round, co-led by Vertex Ventures and Genesis Alternative Ventures.

The fresh capital will go towards bankrolling RateS’s expansion into tier 2 and 3 markets in Indonesia by expanding the “density” of its reseller membership network, which the company claims to have surpassed half a million.

Vertex Portfolio Highlight: Mr. Nitin Chhabra Founder Ace Turtle

We set down with Nitin Chhabra, Founder of Ace Turtle, about his entrepreneurial journey and the challenges faced during the pandemic.

Interview with Warung Pintar CEO

In Indonesia, there are more than 2.5 million warungs (micro-businesses and kiosks that sell basic products) that account for more than 80% of total retail sales. However, these warungs are typically mom-and-pop owned and highly fragmented in both demand and supply.

Launched in 2017, Warung Pintar aims to empower warungs through digitalization. With its focus on e-commerce services and supply chain, the company has reduced warung transaction costs by 28% on average.

Technopreneurship | The Startup Journey

Startup founders often agree that the process of building something new and novel to serve a significant, unmet need can be immensely rewarding, even if it may not succeed at times.

Being prepared means gaining a thorough understanding of all aspects of the startup journey – even if that involves confronting some hard truths before taking that first step. This may make all the difference between success and failure.

Covid-19 pandemic a shot in the arm for digital health service Speedoc

The COVID-19 pandemic has taken a toll on many businesses but some Singapore firms continue to survive - and even thrive. In the last of a four-part series, The Straits Times looks at local enterprises that have seized opportunities to grow amid the economic downturn.