Posted on

On Cybersecurity and Digital Forensics: How Group-IB is Reshaping What We Know

Group-IB talks about cybersecurity trends, launching a new HQ in Singapore, and why preemption is a key element in protecting institutions

cybersecurity-digital-forensics.jpg
As we gear towards a more data-driven world, we find that information and security are inextricably linked to each other. With the world’s technological advancement growing rapidly, we see the same rapid growth in the risks surrounding tech—ones involving data privacy infringement, online fraud, and other high-tech crimes.

Finding themselves at the frontlines of this tumultuous war against cyber security threats is Group-IB, a global leader in preventing and investigating cybercrimes.

Having been in the business since 2003, the company has been active in the field of computer forensics and information security, protecting the largest international companies against financial losses and reputation risks.

What ultimately prompted the creation of Group-IB was its founder and CEO, Ilya Sachkov’s first-level education in information security while based in Moscow. He said it was mere coincidence that he read an American book on cybercrime investigation as a business written by Kevin Mandia.

Intrigued by the prospects of mounting a company based on digital forensics, a point of curiosity for him was how despite the number of cybersecurity companies in Russia, nobody at the time offered the specific service of cybercrime investigation.

From day one, Group-IB team has been relentlessly gathering and analyzing information about cyber criminals and their activity, as well as developing threat data collection tools. These technologies formed the basis of adversary-centric security solutions.

Also read: From Moscow to Singapore: How a global leader in cyber security found its way to Southeast Asia

In late 2013, GIB Threat Intelligence service came out of stealth mode. Later, the company introduced TDS (Threat Detection System) – intelligence driven network security solutions for proactive threat hunting and response, and Secure Bank – advanced fraud defense and user authentication technology, currently protecting over 70 million clients of online banking platforms.

Fast forward to 2018, Group-IB is now recognized as one of the leading threat intelligence vendors by Gartner, Forrester, and IDC for providing unique insights into cyber threats. More importantly, Group-IB has helped prosecute hundreds of cybercrime organized groups across many countries.

As of today, Group-IB has announced expanding its work in Asia-Pacific, moving its headquarters to Singapore with Ilya Sachkov himself leading the ship in the region.

Navigating the tech side of Group-IB’s digital forensic service

An important starting point for digital forensics is tracking the digital footprint of a cyber criminal. The general idea is that prior to the act of hacking itself, a cybercriminal undergoes a series of preparations.

The key is to detect attacks in their early stages by predicting a threat based on preparation patterns. Sachkov parallels this to physical threats where, for example in the instance of a bombing, it is best to preempt the attack as it is being planned out versus when the bomb is already approaching its target.

Group-IB also houses sophisticated data on the infrastructure of cybercriminals spanning fifteen years of digital footprint—providing patterns and changes on how cybercrimes are carried out, making it easier for them to predict attacks.

Why expand to Singapore?

The company entered the APAC market 3 years ago. Group-IB’s portfolio of clients in Asia includes banks, financial and government organizations in Singapore, Thailand and other countries. Southeast Asia accounts for more than 30% of the company’s international revenue. Those are not the only reasons why Group-IB has decided to open its Global HQ in Singapore.

According to Group-IB’s annual Hi-Tech Crime Trends report findings, Asia is one of the most actively attacked regions in the world. Over the past year, 21 state-sponsored groups were detected in the area, which is exceeds Europe and the US combined.

Singapore, Hong Kong, Seoul, Shanghai, and many other financial powerhouses in Asia are likely to become primary targets of financially motivated hacker groups in the near future. Group-IB aims to empower local companies and government organizations with the knowledge and tools to better prepare for rapidly evolving cyber threats targeting the region.

For Sachkov, it is important to bring Group-IB to Singapore because he recognizes and trusts the grasp of the Singaporean cybersecurity ecosystem on the matter. He highlights that it is crucial to develop synergy between the Group-IB experts and specialists originating from Singapore because of their level of understanding of local threats. Group-IB already partners with the INTERPOL Digital Crime Centre located in Singapore

Singapore’s rapid economic growth has ramped up the interest of financially motivated hackers and state-sponsored hacker groups. He argues further that what Group-IB can bring to the table is to share more technical information to the local atmosphere, highlighting that work is still needed in terms of achieving difficult technical levels in certain cybersecurity professions like malware researchers.

Also read: Singapore’s financial sector cyber security guidelines have received praise

In order for Group-IB to further establish itself as a global independent entity, it has to establish itself as a structure in different countries.

Good intellectual property protection, good government institutions, and zero corruption were some of the basis Group-IB decided on in choosing Singapore as a new home for its headquarters where the company will manage and keep developing its global threat-hunting infrastructure aimed at adversary-centric detection and proactive threat hunting. “A lot of Michelin restaurants,” Sachkov jokes is an important personal factor.

By 2019, Group-IB is planning to launch CyberCrimeCon in Singapore and Moscow, with the Singapore leg being its largest.

The post On Cybersecurity and Digital Forensics: How Group-IB is Reshaping What We Know appeared first on e27.

Posted on

(Exclusive) Thai fintech startup Masii.com acquires events ticketing platform One Place

Through this acquisition, the financial products comparison startup aims to further boost its credit card business

Masii.com and One Place teams at the former’s office

Masii.com, a financial products comparison platform in Thailand, has acquired 100 per cent shares of One Place, an events discovery and ticketing platform in the country, for an undisclosed amount.

Through this acquisition, Bangkok-headquartered Masii aims to further boost its credit card business. Masii’s Co-founder and CEO Maxwell Meyer told e27 that their aspiration is to make One Place the leading ticketing site for cultural events in Bangkok and all Thailand.

One Place will join the Masii.com family and will move its office to the fintech firm’s headquarters. As per the deal, One Place Co-founder and CEO Eliot Delunas will stay on board in 2019 to transition the company and customer relationships.

Also Read: Thai customers are much smarter than the websites out there

“Events and promotions surrounding ticket booking are among the most high conversion points of sale for a new credit card,” Meyer said. “Our banking partners are eager to design unique promotions to attract more customers. With One Place, Masii.com and our partners will be able to offer better pricing, better seating, and unique experiences (backstage with the performers or curators) to users who also apply for new credit cards, or make bookings with our existing banking partners.”

One Place was started in 2011 by four entrepreneurs —  Delunas, Adam Selley, Liam Cooper, and Andy Jones. It is the exclusive online ticket agent for many of the artistic venues and shows around Bangkok, including the Bangkok Comedy Club.

“Masii.com is the top result on Google Thailand for nearly every credit card-related search. There are lots of promotional synergies where we can promote special credit card deals to ticket buyers, especially group ticket buyers. We immediately add on partnerships together with the Royal Bangkok Symphony Orchestra, Thai Polo, and other companies to ticket exclusive events,” Meyer stated. “We don’t plan to focus on rock concerts, etc, but rather comedy shows, community theatre, museums, Thai traditional arts, classical music and others.”

The fintech company will invest by dedicating full time teams for content, business development, and marketing, as well as integrating One Place’s website with Masii.com for greater transaction security, and to offer special deals through its partner network of 10-plus banks in Thailand.

Also Read: The extraordinary tale of a Filipino geek who swam against the odds in life

“We have worked hard to create a great event discovery resource combined with ticketing and other event organiser tools. The site has experienced strong growth over the past years, and we are confident Masii.com is well posotioned to continue building on that,” Delunas commented.

Founded by Meyer (a US native), Matthias Jürgens (German) and Tom Kiatcheeranun (Thai), Masii.com enables users to compare financial products such as credit cards, insurance and personal loans. The company claims that nearly 75,000 customers apply for financial products on Masii.com each month.

In February this year, Masii.com secured 77 million baht (US$2.43 million) in Series A funding led by B.Grimm, a 138-year-old multi-billion dollar Thai conglomerate, and European Venture Capital fund.

The post (Exclusive) Thai fintech startup Masii.com acquires events ticketing platform One Place appeared first on e27.

Posted on

The 10 most-read e27 articles written by our content team

One company pops up fairly frequently. No prizes for guessing which

e27

This year has been marked by a hive of activity across the Southeast Asia tech ecosystem, which is great because it means that the industry is growing at a healthy pace.

While the biggest newsmakers were naturally unicorns such as Grab, which acquired Uber’s operations in the region and expanded its services in its bid to become an all-encompassing WeChat-esque platform, far smaller companies in frontier markets like Myanmar also started to feature more frequently on our site.

Today, we will present to you the 10 most-read articles written by our reporters. Have a look!

Note: the articles are arranged in no particular order.

1. Grab acquires Uber’s assets in Southeast Asia

Ride-hailing giant Grab’s move to buy Uber’s transport and food delivery operations in Southeast Asia was arguably the most watched acquisition in the regional tech ecosystem this year.

Uber received 27.5 per cent stake in Grab as part of the deal, allowing it to focus on its core markets in the US and prepare for an IPO, which it expects to file next year.

2. Tik Tok’s parent company buys Musical.ly

Chinese-based internet company Bytedance grabbed headlines when it announced it would acquire US-based video social network Musical.ly and merge with a similar app of its own, Tik Tok.

This is a fairly significant development for the Southeast Asia internet market as Bytedance has pursued an aggressive expansion strategy to attract more users in the region.

Indonesia is its biggest market in Southeast Asia (although it was temporarily banned). It is building partnerships with local media companies such as Ismaya Live, RCTI, Warner Music Indonesia, Universal Indonesia, Sony Music Indonesia, and Indosat Ooredoo.

Outside of Indonesia, the platform has also helped grow internet celebrities such as Thailand’s YouTube star, Kaykai Salaider. Using Tik Tok, she was able to add at least 1.9 million more fans.

3. Grab acquiring Uber’s data trove is a major red flag

This is an opinion piece by our editor Kevin McSpadden. In it he highlights why Uber users should have the option to opt out of having their personal data transferred to Grab’s platform post-acquisition.

“Some folks may decide they want to change their lifestyle and start using public transportation and street hailing more often,” he said.

He also said that as Grab moves deeper into the financial services space (and other verticals), the utility of this data will naturally move beyond just transportation.

For these users, they are inevitably drawn into a more complex relationship with the company — and without their input; what if this data is one day used to determine their credit worthiness? Can Grab guaranteed that its algorithms won’t be bias?

Also read: The 10 most-read e27 Community articles of 2018

4. How the son of a humble watch repairer became the owner of a multi-million dollar realty tech startup

This is a classic rags-to-riches story. Nay Min Thu is the son of a modest watch repair shop owner in a small town in Myanmar.

Being one of seven siblings, the family’s finances were naturally stretched. So Thu went to Singapore to study while juggling a multitude of odd jobs to support himself.

Today, he’s doing pretty well running a realty tech startup.

Do check out the link above, it’s a great and uninspiring read. If you are an entrepreneur who has fallen into a funk, this story will uplift you — I promise.

5. Grab CEO’s courier stunt is disheartening

Another opinion piece on Grab by our editor Kevin McSpadden — this was pretty controversial.

For context, in October, Anthony Tan, the CEO and Co-founder of Grab, worked as a GrabFood delivery driver for a couple of weeks to better understand the system and its pain points.

While the CEO was able to understand some of the system’s inefficiencies, our editor felt that he had missed the bigger picture: the “huge financial burden” that the contract workers faced.

“Grab treated ‘courier-partners’ as if they are enthusiastic employees working to build a great company. In reality, they are more often a person who really needs money and view companies like Grab as band-aid solution to pay next month’s rent,” he said.

6. Snapcart, an app that gives cashback for receipts, launches in Singapore

Jakarta-based startup Snapcart operates a platform that allows users to receive cashback by scanning their shopping receipts into the app, and this year, it made its debut in Singapore.

Snapcart covers groceries, medicine and cosmetics receipts, and is also available in the Philippines.

I’m guessing this app is probably gaining some decent traction in Singapore if the article is attracting so much views. Maybe it’s because everyone uses smartphones in the country and grocery shopping, like in all countries, is a big part of our everyday lives.

The company raised US$10 million in Series A round of funding last year, led by existing investor Vickers Venture Partners.

7. A gym with a view of the bay: Check out Grab’s awesome new R&D office at Marina One

Grab gave us a little tour of their new office at Marina One. It’s a pretty cool office and being situated near the sea, the views are spectacular. Check out the photos here.

During the tour, the Grab team told us that CEO Anthony Tan is a huge exercise buff and actually does planks while conducting conference calls. Upon hearing that, I ruefully left the office with a deep guilt over my life choices (just kidding, I tore into a high calorie meal afterwards).

Also read: 2018 was a good year for e27, and we look forward to bigger things in store for 2019

8. Southeast Asia is setting itself up for disappointment with Go-Jek entrance

Go-Jek has just soft launched in Singapore, and so far, most people are pretty happy with their low prices (as compared with Grab). But it only offers its Go-Car ride-hailing option and nothing else.

This is a far cry from its Indonesian version, which offers a whole plethora of peripheral services such as manicure, food delivery and massages.

Back in April when rumours were still swirling on when the Go-Jek would arrive in Singapore, our editor argued that the company is facing a tough market, mainly because it will be bleeding money giving out subsidies to entice drivers to use its platform over Grab.

He also argued that if Go-Jek wants to make a serious logistics play like it did in its home base, it will come up against well-established incumbents such as Ninja Van and SingPost.

9. Singapore’s StashAway raises US$5.3M Series A funding round, will launch in new markets

In March, Singapore-based robo advisor platform StashAway raised a cool S$7 million (US$5.3 million) from a group of family offices and individual investors.

The company has raised a total of US$8.4 million. It said will focus on enhancing the platform’s AI tech (which should lead to better automatic investment decisions).

In April 2017, StashAway became the first robo-adviser to receive retail license in Singapore.

On why this article received such widespread attention, my guess is that robo advisors are a burgeoning service in the fintech arena, and that StashAway is one of the first few consumer-facing robo advisors to operate in Southeast Asia.

StashAway is also fairly active in promoting its services; it conducts regular finance workshops to coach users on best financial practices and frequently updates them on the state of the financial markets.

(Disclosure: I’m a StashAway user).

10. Looking under the hood: How Grab’s data science team optimises a fleet of 2.4 million drivers

Grab is a massive company and it manages thousands of drivers and riders across Southeast Asia daily —  which is over 10 terabytes of information everyday.

In this article, we spoke to Kong-wei Lye, Grab’s Head of Data Science, to understand how the company optimises its data analytics so that its operations can run smoothly.

“We have automated models that are trained, simulated and optimized to process all data from the Grab app’s users and their environment,” he said. Click on the above link to find out more.

—-

Image Credit: Marcel De Grijs

The post The 10 most-read e27 articles written by our content team appeared first on e27.

Posted on

China looks to private capital, open source technology for global tech game advantage

China appears to be pursuing more low-profile strategies rather than eye-popping, state-led partnership initiatives

china_private_capital

The article China looks to private capital, open source technology for global tech game advantage was written by Runhua Zhao for TechNode.

China is racing against time to establish its own technological intellectual property, particularly in the semiconductor industry. The moves come amid growing pressure on Chinese tech companies overseas, underscored by the recent arrest of Huawei CFO Meng Wanzhou and punitive measures by the US on Huawei rival ZTE.

This time around, China appears to be taking a more discreet approach, pursuing more low-profile strategies rather than eye-popping, state-led partnership initiatives such as the National Integrated Circuit (IC) Industry Investment Fund, which was set up in 2014 and raised RMB138.7 billion (US$20.1 billion) in its initial phase.

“Sino-US tensions are pushing China into a corner,” the head of an integrated circuit trading company told TechNode, requesting anonymity because of the sensitivity of the topic. As a result, he said, there’s been a shift in policies at both national and local levels where greater emphasis is being placed on investing in the semiconductor industry. “We are seeing increasing integration of government budget and private money in good projects,” he added.

China will increase support to the semiconductor industry, while target projects and allocation of capital will see more subtle shifts,” said Kyna Wong, head of Credit Suisse’s China Technology team.

Wong pointed to the recently announced Shanghai-based tech board plan as a sign of new efforts to bring in individual investors and developing companies into the world of tech investment.

Also Read: China issues standards for cutting delivery waste amid e-commerce boom

For semiconductor and other projects requiring long-term capital injection in research and investment, and fixed assets such as factories and labs, a stock exchange allowing flexible capital exit could benefit private investment.

In contrast to listed A-share stocks which should report earnings before IPO filling, the registration-based tech board will have no profit requirement for IPO candidates. This is likely to encourage R&D driven projects characterised by high investment risks but also high returns.

Meanwhile, the Chinese government is extending material support to early stage semiconductor projects developed by students and educational institutions.

Earlier this month, for example, during the final of the Beijing University of Aeronautics and Astronautics’ global innovation competition, the top prize for early stage projects was awarded to a project that focuses on chip security, while the prize for the growth-stage projects was given to a team that is developing non-civil communication chips. Both winners will be given access to an undisclosed amount of private capital.

Chinese semiconductor companies also are aggressively investing in open source projects. One example is instruction set architecture (ISA) RISC-V. ISA works between hardware and software, and defines how a computer is programmed.

In April, Ni Guangnan, a member at the Chinese Academy of Engineering Science, said that Chinese companies should pour the whole country’s resources into chip-making. He drew parallels to the mission of those who dedicated their lives to develop significant national projects such as developing China’s own nuclear weapons.

Also Read: VC Edith Yeung: The upshot of China’s ICO rules

In November, during China’s Wuzhen Internet Conference, Ni was assigned as the general director of China’s own RISC-V alliance. At another technology forum held in the same month in the southern Chinese city of Shenzhen, Ni mentioned that Intel and ISA ARM are dominating the core chip-making technology. “If we could work together on RISC-V, under the current situation, we can be the third major power,” Ni was cited in Chinese media as saying.

“The government is very interested in the technology,” Fang Zhixi, former global vice president at Intel and now the chairman of RISC-V Foundation’s consultancy committee in China, told TechNode prior to the Wuzhen Internet Conference. “I have been getting in touch with high government bodies including the Cyberspace Administration of China (CAC) and Ministry of Industry and Information Technology (MIIT). We see no problem organising talks or having both Chinese and international researchers and universities working together.”

Fang explained that the Chinese government’s interest in RISC-V is due to an open-source technology’s “natural advantages.” Tech companies may build their own applications on the “open and free” fundamental tech standards, and produce commercial projects with no extra-legal pressure such as patent disputes imposed by external parties.

“Open-source [solutions and communities], in fact, can be a way to avoid tensions in the tech sector,” Fang added.

Rick O’Connor, executive director at RISC-V Foundation, the official non-profit organisation of ISA RISC-V, told TechNode in the same interview as Fang’s that IoT and AI, two major Chinese national strategic industries, were also eagerly looking for open source solutions.

Nevertheless, Wong believes China still has a long way to go.

Also Read: MyTaiwanTour raises US$1.5M from Sanpu Group to expand to Japan, China

“From the perspective of policy, support to open source technologies can be easily done. However, one concern is communication across standards. China still has to tackle challenges when racing with players leading mainstream tech games in many fields.”

Wong believes China’s intention is to establish its own intellectual properties in mainstream tech games. If it were not for the purpose, China could always pay for US patents’ use right and projects built on open source platforms, as the US tech entrepreneurial ecosystem is highly commercial.

“[Therefore] open source is not always enough, though it will produce positive outcomes,” Wong added.

The article China looks to private capital, open source technology for global tech game advantage first appeared on TechNode.

Image Credit: h heyerlein on Unsplash

The post China looks to private capital, open source technology for global tech game advantage appeared first on e27.

Posted on

One startup in Indonesia seeks to transform the way people deal with food excess

Garda Pangan aims to raise awareness around the issue of food waste, which has been gaining little to no attention in Indonesia

From the second largest city in Indonesia, that has been an emerging player in the disruptive startup business, Garda Pangan surely has the potential to steal attention.

e27 talks to Eva Bachtiar, one of three co-founders of the Surabaya-based startup, about the food waste management startup that has been creating buzz in the past year with its social and environmental causes. Focussing on things that we are all guilty of taking advantage of: Food.

How it all started

“People don’t really know that our country is actually the second largest food waste producers in the world,” Bachtiar says on the phone.

“This is especially ironic since a total of staggering 19.4 million people in Indonesia still live in hunger,” she continues.

Bachtiar explains the initial mission of Garda Pangan that she built along with two other co-founders –a husband and wife and catering business owners.

“We want to facilitate those who have food excess and food scarcity problem so the excess can be distributed rightly to those who need it,” she says.

The concept of a foodbank is nothing new, but it is relatively rare in Indonesia. “We want to make Garda Pangan a foodbank that aims to support particularly hospitality and culinary business, because both sectors consistently have food waste. This way we don’t need to educate them one-by-one because they experience the excess firsthand,” Bachtiar stresses.

Garda Pangan’s mission directly jabs at the economic loss and environment hazard that are caused by the food excess and food waste issue.

Also Read: Malaysia’s fresh food e-tailer Fresh At Heart secures US$275K in crowdfunding via Ata Plus

Challenges in raising awareness

One of the challenges in food waste management, besides the familiarity, is the concerns many hospitality companies have.

“Unfamiliarity with food bank concept is another thing that we can overcome. It’s harder to face the challenge of these companies’ concerns of being sued if something happens to the recipients of the food they donate,” Bachtiar mentions.

Bachtiar says that many companies feel reluctant to donate food excess because it is easier and less risky to just dump the food. “They worry that they are at a position of being sued if, for example, somebody got poisoned after eating the food that they donate. The possibility of having their donated food being resold is also something they want to avoid,” she further elaborated.

To accommodate these concerns, Garda Pangan makes sure their partners can rely on them about these issues. Once the food has been donated, the responsibility is fully rested on Garda Pangan as the distribution.

Putting dignity in food excess

Garda Pangan now serves three restaurants, one organic market, one fruit distributor, one food caterer, three bakeries, and two wedding organisers.

“These few partners that we have believe in our vision to not waste food and to give it to people who need it. They also like that it helps them to become greener and that it’s a good PR,” Bachtiar says.

Some people refer to “food excess” as leftovers, which Eva quickly corrected. “It has a negative connotation attached to the word ‘leftovers’ while the food that we distribute is strictly untouched, still clean, and unsold yet by the restaurants and hotels,” she stresses.

Bachtiar further emphasises on the importance of distributing the food the way it is, which is without any added processing. “The only case we will process the food donated to us is if it’s overripe fruits like bananas, that look bruised but still in a good condition, or just to add on so we can distribute a full set of meal instead of just rice and veggies that sometimes happens,” Bachtiar says.

“We simply want to put dignity in distributing the food. It may be an excess to someone, but to somebody else it could be the first proper meal they have in God knows how long,” she points out.

From social to scaling up

Being a social- and environmental-focussed startup does not mean Garda Pangan will operate solely based on donations.

“Yes, that’s really what we aim for: to better our business model. Many people perceive us as a social movement, a cause, not a business. We did start by bootstrapping, but we’re fully aware the only way to grow is to have a working business model. We want to run sustainably and eventually must have a business line,” explains Bachtiar when asked about Garda Pangan’s monetisation method.

“Right now, we can’t expect people to pay since it’s really new to them. No partners would want to pay for their food waste management because why should they pay if they can just dump the food for free, right?” she continues.

Garda Pangan aims to raise awareness of the importance and benefit of food waste management for businesses through its social media campaign and Food Heroes volunteering programme.

Also Read: Indian food delivery startup Swiggy raises US$1B investment led by Naspers

Garda Pangan’s next move for 2019 will be proving that the business model they have formulated will really work.

“Our plan is to introduce the people -starting from Surabaya- to our sustainable and responsible food waste management and provide them with a social impact report. It will be a paid service that serves our clients with a better return since they will got information, such as a complete beneficiary report, to know who have received their food excess. This type of report can be a token to claim the company’s social responsibility (CSR) slot. Companies can allocate their CSR budget to use our service,” Bachtiar elaborates.

Besides the social impact report, Garda Pangan also plans to have an environmental impact report, in which partners who choose to collaborate with Garda Pangan will be given report on how much carbon footprint they have reduced by simply donate their food excess.

Another report on the pipeline is a waste analysis data that will allow companies to have knowledge about the food composition and type of food that have been managed by Garda Pangan.

“This approach has already helped one of our partners, a bakery that used to have 100-200 portion excess in its daily production. The bakery got our report and it was an eye opener for them how much portion they throw away everyday. Now they are able to fix their production number and save cost, reducing to 20-30 portion excess per day since it’s impossible to not have excess in food industry,” Eva shares.

Society-beloved

With the increasing trend of going green and zero waste lifestyle, Garda Pangan surely has the upper hand in scaling up around this time.

Having recently won the first place in Go Startup Indonesia Championship by the government’s creative industry agency BEKRAF, the company said that everyday they would receive direct messages on Instagram, its most active social media platform, from people in other cities asking for their volunteering programme to be held outside Surabaya.

“Today, we have 30 in-house volunteers and around 200-300 public volunteers daily. In the future, this volunteering operation is something we would like to keep as it is a good platform to promote food waste awareness,” Bachtiar says.

“Right now, we are looking to hire professionals for jobs like designers and will also expand our core team with full time employments,” she adds.

Also Read: Singapore Foodie channel’s Malaysian parent raises funding for expansion

Whether or not they will be open for investors, Eva shared that they are now in the stage of proving their business model and improving their infrastructure.

“I just resigned from my previous job to focus on Garda Pangan two months ago. Right now what we have is an angel investor who believes in our vision and will walk alongside us for the next year,” Bachtiar says.

A firm believer of the importance of having food bank in each city, the woman who has mining engineering background was moved by the fact that urban poverty is a real problem. People in the big cities are struggling harder to eat, compared to people living communally in the village.

“I believe in our capability to provide solution to this often overlooked, but urgent problem,” Bachtiar closes.

 

The post One startup in Indonesia seeks to transform the way people deal with food excess appeared first on e27.