Heaptalk, Jakarta — Venture capital firm East Ventures has demonstrated outstanding growth, with revenue from its growth-stage portfolio companies surging by an 40% YoY.
The firm claimed that this rate significantly exceeds Southeast Asia’s average revenue growth, positioning East Ventures nearly three times ahead of the region’s general pace. This performance highlights the firm’s resilient investment strategy, distinguishing East Ventures from Southeast Asian corporations and competing venture capital firms. As part of its long-term strategy, the firm prepares for notable exits and anticipates announcing further developments from within its portfolio.
In the recent e-Conomy SEA report, several industries, such as e-commerce, travel, and food service, still operate with negative EBITDA margins across Southeast Asia. Meanwhile, an impressive 70% of East Ventures’ growth-stage portfolio companies are profitable, with over 80% showing enhanced EBITDA margins over the last year, averaging a margin improvement of 54%.
Additionally, in absolute dollar terms, the profits of East Ventures’ growth-stage portfolio companies rose by 32%, significantly ahead of the Southeast Asian average profit growth of 24%. The firm noted the following portfolios with its remarkable growth, consisting of:
- e-commerce
- Sociolla achieved more than 50% year-on-year growth and reached profitability for the first half of 2024, outperforming its competitors in Indonesia’s highly competitive beauty commerce segment.
- ShopBack achieved close to 25% growth year on year, cementing itself as the platform of choice for shoppers and merchants alike. At the same time, they have improved their EBITDA margins significantly through offering more services to customers, improving monetization, and optimizing internal operations.
- The Parentinc reached a growth rate of around 50% compared to the previous year and secured profitability with positive net income.
- Travel
- Traveloka offers more than 20 products, including comprehensive travel services, from transportation to accommodations, attraction discovery, insurance products, and financial services. The company serves six countries across the SEA region and has been profitable since the end of 2023.
- Fintech
- Komunal doubled its revenue over the past 12 months while maintaining a solid positive EBITDA margin. Komunal has more than doubled the number of rural banks on its platform. It currently has Indonesia’s largest rural bank ecosystem, covering nearly 20% of the country’s rural banks.
- Food & Beverage
- Fore Coffee maintained a 200% three-year CAGR and doubled its positive EBITDA margins over the last 12 months.
- Ismaya Group grew at a three-year CAGR of 40% while maintaining profitability, exceeding the CAGR of public Indonesian F&B companies by 2.5 times.
- Logistics
- Waresix recorded a more than 25% annual growth rate while remaining EBITDA positive this year.
- Interluck achieved remarkable annual growth at 90% and showed positive financial performance.
- Sustainability technology
- Xurya offers its clients 0 capex offerings. The company has been EBITDA positive and targets net profit positive by next year.
“2024 has been a year of notable resilience and progress for our portfolio,” the representative concluded. “Our companies across e-commerce, travel, online media, and other sectors have showcased exceptional growth, setting regional benchmarks.”
