Muhamad Fajrin Rasyid joins MDI Ventures as Chairman of Board of Commissioners
The story: Muhamad Fajrin Rasyid, co-founder of Indonesia’s e-commerce unicorn Bukalapak, has joined MDI Ventures as Chairman of its Board of Commissioners, according to a press statement.
His role: He will advise and oversee the firm and aim to increase its revenue.
The reason behind the move: According to Telkom Group, parent of MDI Ventures, Fajrin’s appointment is the part of the company’s push towards corporate digital transformation.
Malaysia’s Everpeaks raises crowdfunding via pitchIN
The story: Malaysia-based startup Everpeaks has raised US$340,000 via equity crowdfunding platform pitchIN, according to a statement.
Plans with funding: The startup will use 30 per cent of the funding to improve its technology solution and 20 per cent towards hiring.
It will also be making Malaysia its regional distribution hub to help European and American brands penetrate in the Southeast Asian market.
What does Everspeaks do?: It is a multi-channel e-commerce solutions provider that helps brands showcase their products to the global marketplace. It currently has partnerships with global brands like eBay and Amazon.
FundedHere joins ANGIN as a strategic shareholder
The story: MAS-licensed equity and debt crowdfunding platform FundedHere has joined Angel Investment Network of Indonesia (ANGIN) as a strategic shareholder.
What is ANGIN: ANGIN is an early-stage investment platform, which services investors, venture capital firms, foundations and corporates that desire to invest in Indonesian entrepreneurship.
Some of its clients include Amazon Web Services (AWS), UNDP, World Bank and many more.
Also Read: How Vietnam’s e-commerce firm Tiki manages to keep employee churn rate healthy
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Image Credit: MDI Ventures
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