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With currently over $21bn of AUM, Baring Private Equity Asia (BPEA) was started in Hong Kong in 1997 by Jean Eric Salata, as the regional Asian PE investment arm of UK-based Baring Private Equity Partners. With $300m in its first fund, it focused on riding China’s economic rise spurred by the country’s market liberalization. In 2000, Salata led a management buyout of BPEA and continues to head the firm today as CEO and Founding Partner. BPEA has invested in more than 100 companies, across healthcare, logistics, IT services, media, education, financial services and retail. It is one of the largest independent PE firms in Asia and has eight offices across the continent.With offices in China, India, Japan, Australia, and Singapore, it currently has around 43 portfolio companies, almost all Asia-based, across multiple business segments in tech and non-tech startups, especially in bricks-and-mortar education establishments. It also makes acquisitions, including most recently of US outsourcing services company Virtusa in February 2021.Other recent investments include in the June 2021 $85m Series C round of Portuguese home physiotherapy tech solution SWORD Health, the world’s fastest-growing musculoskeletal solution, and in the November 2020 $198m Series D round of Chinese computer coding for kids edtech Codemao.
With currently over $21bn of AUM, Baring Private Equity Asia (BPEA) was started in Hong Kong in 1997 by Jean Eric Salata, as the regional Asian PE investment arm of UK-based Baring Private Equity Partners. With $300m in its first fund, it focused on riding China’s economic rise spurred by the country’s market liberalization. In 2000, Salata led a management buyout of BPEA and continues to head the firm today as CEO and Founding Partner. BPEA has invested in more than 100 companies, across healthcare, logistics, IT services, media, education, financial services and retail. It is one of the largest independent PE firms in Asia and has eight offices across the continent.With offices in China, India, Japan, Australia, and Singapore, it currently has around 43 portfolio companies, almost all Asia-based, across multiple business segments in tech and non-tech startups, especially in bricks-and-mortar education establishments. It also makes acquisitions, including most recently of US outsourcing services company Virtusa in February 2021.Other recent investments include in the June 2021 $85m Series C round of Portuguese home physiotherapy tech solution SWORD Health, the world’s fastest-growing musculoskeletal solution, and in the November 2020 $198m Series D round of Chinese computer coding for kids edtech Codemao.
Co-Founder and CEO of Sale Stock
Born in 1982, Lingga Madu holds a degree in Informatics, Multimedia and Web Development from Kristen Duta Wacana University and an MBA from Gadjah Mada University. He has professional experience as a web developer, user experience designer, financial planner, wealth manager and university lecturer. Before launching Sale Stock, he had worked at PT. Desain Sarana Intermatra, Money for Wealth Financial Services, IMAJIKU Web Developer and J-Factory Event Organizer.
Born in 1982, Lingga Madu holds a degree in Informatics, Multimedia and Web Development from Kristen Duta Wacana University and an MBA from Gadjah Mada University. He has professional experience as a web developer, user experience designer, financial planner, wealth manager and university lecturer. Before launching Sale Stock, he had worked at PT. Desain Sarana Intermatra, Money for Wealth Financial Services, IMAJIKU Web Developer and J-Factory Event Organizer.
Founder and CEO of Ayibang
Former staff of Sogou, Yahoo and Qihoo 360, in browser development.Graduate of Huazhong University of Science and Technology (class of 2007), with master’s in computer studies. Founded Ayibang, China’s most popular home services app (by user activity), in 2013.
Former staff of Sogou, Yahoo and Qihoo 360, in browser development.Graduate of Huazhong University of Science and Technology (class of 2007), with master’s in computer studies. Founded Ayibang, China’s most popular home services app (by user activity), in 2013.
Co-founder and CFO of Chechong
Former Foxconn employee, specializing in IT development and implementation. Quit Foxconn in 2006 to enter the used car industry, one of the earliest IT engineers to do so. After seven years in Bitauto, Li quit the Chinese auto giant to start Chechong in 2014.
Former Foxconn employee, specializing in IT development and implementation. Quit Foxconn in 2006 to enter the used car industry, one of the earliest IT engineers to do so. After seven years in Bitauto, Li quit the Chinese auto giant to start Chechong in 2014.
Founder and CEO of Dianwoba / Dianwoda
A geoinformatics expert, Zhao is a graduate of Wuhan University and Cheung Kong Graduate School of Business. He used to work in the Zhejiang Administration of Surveying Mapping and Geoinformation. In 2003, Zhao founded Hangzhou Gisway Information Technology, which is listed on NEEQ (or the New Third Board). In 2009, Zhao founded Dianwoba.
A geoinformatics expert, Zhao is a graduate of Wuhan University and Cheung Kong Graduate School of Business. He used to work in the Zhejiang Administration of Surveying Mapping and Geoinformation. In 2003, Zhao founded Hangzhou Gisway Information Technology, which is listed on NEEQ (or the New Third Board). In 2009, Zhao founded Dianwoba.
Co-Founder and CEO of Gadjian
Nanyang Technological University of Singapore MBA graduate Afia Fitriati holds a bachelor’s in Marketing from Syracuse University, USA. Post-MBA, she held various roles in different companies, including as an editor at Aquila Magazine and a lecturer in Islamic Marketing at Paramadina University. She co-founded FAST8, a human resources tech company, in 2008 with her husband, Else Fernanda. They also founded Gadjian, an HR management SaaS startup. Currently, Afia is also a senior associate in the Halal Lifestyle Market at DinarStandard, a growth strategy research and advisory firm.
Nanyang Technological University of Singapore MBA graduate Afia Fitriati holds a bachelor’s in Marketing from Syracuse University, USA. Post-MBA, she held various roles in different companies, including as an editor at Aquila Magazine and a lecturer in Islamic Marketing at Paramadina University. She co-founded FAST8, a human resources tech company, in 2008 with her husband, Else Fernanda. They also founded Gadjian, an HR management SaaS startup. Currently, Afia is also a senior associate in the Halal Lifestyle Market at DinarStandard, a growth strategy research and advisory firm.
Co-Founder and CEO of IDNtimes
Formerly from Google Singapore, Winston Utomo earned his bachelor’s degree from the University of Southern California (USC) in 2012 and a Master of Science degree from Columbia University in 2014. Hailing from Surabaya, he was the president of USC Association of Indonesian Students during his studies at USC. Before co-founding the media company PT IDN Media in June 2014, Winston was a Senior Account Strategist at Google Singapore until October 2015. He was also a project manager at St. John Capital Management in 2012.Besides being the co-founder and CEO of IDN Media, he is also the Editor-in-Chief of IDN Media that owns IDNtimes.
Formerly from Google Singapore, Winston Utomo earned his bachelor’s degree from the University of Southern California (USC) in 2012 and a Master of Science degree from Columbia University in 2014. Hailing from Surabaya, he was the president of USC Association of Indonesian Students during his studies at USC. Before co-founding the media company PT IDN Media in June 2014, Winston was a Senior Account Strategist at Google Singapore until October 2015. He was also a project manager at St. John Capital Management in 2012.Besides being the co-founder and CEO of IDN Media, he is also the Editor-in-Chief of IDN Media that owns IDNtimes.
Co-Founder and COO of IDNtimes
Magna cum laude University of Southern California (USC) graduate, William Utomo, financed his studies through the A. Robert DeHart Memorial Scholarship and the Joseph Drown Foundation Scholarship. He co-founded IDNtimes with his brother, Winston Utomo, and became the COO of IDN Media group in June 2014. He had also worked as a Portfolio Manager at the USC Marshall Undergraduate Student Investment Funds and as an investment analyst at Cabrera Capital Markets LLC and AIA during 2013 and early 2014.
Magna cum laude University of Southern California (USC) graduate, William Utomo, financed his studies through the A. Robert DeHart Memorial Scholarship and the Joseph Drown Foundation Scholarship. He co-founded IDNtimes with his brother, Winston Utomo, and became the COO of IDN Media group in June 2014. He had also worked as a Portfolio Manager at the USC Marshall Undergraduate Student Investment Funds and as an investment analyst at Cabrera Capital Markets LLC and AIA during 2013 and early 2014.
Co-Founder and CMO of Kitabisa
Vikra Ijas studied at University of Auckland, New Zealand. He earned a Bachelor of Commerce, Marketing & International Business and a Bachelor of Commerce, International Marketing, from 2009 to 2012. He was appointed Chief Marketing Officer at Kitabisa in 2014. He had previously worked at PT Mitra Usaha Sportindo in 2013 to manage projects for Manchester United Soccer Schools in Jakarta, Indonesia. Prior to that, he worked in various sales, marketing and operational roles at Gopher for about 17 months.
Vikra Ijas studied at University of Auckland, New Zealand. He earned a Bachelor of Commerce, Marketing & International Business and a Bachelor of Commerce, International Marketing, from 2009 to 2012. He was appointed Chief Marketing Officer at Kitabisa in 2014. He had previously worked at PT Mitra Usaha Sportindo in 2013 to manage projects for Manchester United Soccer Schools in Jakarta, Indonesia. Prior to that, he worked in various sales, marketing and operational roles at Gopher for about 17 months.
Founder & CEO of Fork
Design and internet whizz and millennial. Known online as "Flypig”, this Nankai University graduate was half of the duo that produced Fanpo (Antiwave), a podcast series on foreign and Chinese media that won the 2005 Deutsche Welle's Global Best Podcast. Lin was also chief designer and founder of design brand Da Code; was responsible for launching Youku Buzz marketing programs targeted at Western advertisers and internet users. In 2009 he joined e-retailer startup Light In The Box, which later went global and got listed. In January 2015, he left the position of vice-president to start Fork.
Design and internet whizz and millennial. Known online as "Flypig”, this Nankai University graduate was half of the duo that produced Fanpo (Antiwave), a podcast series on foreign and Chinese media that won the 2005 Deutsche Welle's Global Best Podcast. Lin was also chief designer and founder of design brand Da Code; was responsible for launching Youku Buzz marketing programs targeted at Western advertisers and internet users. In 2009 he joined e-retailer startup Light In The Box, which later went global and got listed. In January 2015, he left the position of vice-president to start Fork.
Founder of Alkemis Games
A master’s degree holder in Entertainment Technology from Carnegie Mellon University, Pennsylvania, USA, Tedo Salim also graduated with a diploma of the same major from Nanyang Polytechnic, Singapore in 2007.Prior to running Alkemis Games, Tedo had worked as a Senior Software Engineer at GREE International Inc in San Francisco, from March 2012 to August 2014. He was with Schell Games in Pittsburgh as a Game Engineer for over three years, working mainly on iOS and Android mobile games such as War of Nations.
A master’s degree holder in Entertainment Technology from Carnegie Mellon University, Pennsylvania, USA, Tedo Salim also graduated with a diploma of the same major from Nanyang Polytechnic, Singapore in 2007.Prior to running Alkemis Games, Tedo had worked as a Senior Software Engineer at GREE International Inc in San Francisco, from March 2012 to August 2014. He was with Schell Games in Pittsburgh as a Game Engineer for over three years, working mainly on iOS and Android mobile games such as War of Nations.
Co-founder of Arsitag
University of California Los Angeles graduate, Steven Gomedi, has a bachelor’s degree in Psychology. After graduation in 2010, he worked at PT Nikivalasarta Jaya and PT Bangun Usaha Energi Perkasa, as operational manager and business development executive, respectively. He met the other Arsitag co-founders while studying in California. He joined Arsitag in November 2015.
University of California Los Angeles graduate, Steven Gomedi, has a bachelor’s degree in Psychology. After graduation in 2010, he worked at PT Nikivalasarta Jaya and PT Bangun Usaha Energi Perkasa, as operational manager and business development executive, respectively. He met the other Arsitag co-founders while studying in California. He joined Arsitag in November 2015.
Co-founder and CEO of Limakilo
Having attained a master’s in Electronics, Digital Media & Game Technologies in 2013 from the Bandung Institute of Technology (ITB) in Indonesia, Walesa Danto continues to have a passion for creative IT products and hardware as a software engineer.Walesa’s Limakilo mobile app won a hackathon Code4Nation award in August 2015, as one of three Best App winners to solve Indonesia’s commodities issues.The former lecturer at Telkom Institute of Technology, now known as Telkom University, always feels challenged to deliver new products with a focus on user experience using the User Centered Design approach.
Having attained a master’s in Electronics, Digital Media & Game Technologies in 2013 from the Bandung Institute of Technology (ITB) in Indonesia, Walesa Danto continues to have a passion for creative IT products and hardware as a software engineer.Walesa’s Limakilo mobile app won a hackathon Code4Nation award in August 2015, as one of three Best App winners to solve Indonesia’s commodities issues.The former lecturer at Telkom Institute of Technology, now known as Telkom University, always feels challenged to deliver new products with a focus on user experience using the User Centered Design approach.
Co-founder and CEO of Berrybenka
Serial entrepreneur Jason Lamuda has a bachelor’s in Chemical Engineering from Purdue University, USA. He obtained a master’s in 2008 in Financial Engineering from Columbia University. Married to another Berrybenka co-founder, Jason is currently the CEO and driving force of Berrybenka.Jason worked at McKinsey in Jakarta for two years before quitting to pursue his dream of becoming an entrepreneur in 2010. Jason and a university friend Ferry Tenka co-founded Disdus, which later became known as Groupon Indonesia. Both of them also co-founded Bilna which was merged with another e-commerce company to become Orami that also caters to women.
Serial entrepreneur Jason Lamuda has a bachelor’s in Chemical Engineering from Purdue University, USA. He obtained a master’s in 2008 in Financial Engineering from Columbia University. Married to another Berrybenka co-founder, Jason is currently the CEO and driving force of Berrybenka.Jason worked at McKinsey in Jakarta for two years before quitting to pursue his dream of becoming an entrepreneur in 2010. Jason and a university friend Ferry Tenka co-founded Disdus, which later became known as Groupon Indonesia. Both of them also co-founded Bilna which was merged with another e-commerce company to become Orami that also caters to women.
Co-founder of Adskom
Armed with a master’s and a bachelor’s in Computer Science from Purdue University in Indiana in USA, Daniel Armanto was the co-founder and CTO of Adskom. He recently left the startup in January 2017 and is now the CTO of Happy5.He was also previously a co-founder and CTO of Indonesia’s location-based social network Koprol, with experience in building high scalable and high performance web applications.
Armed with a master’s and a bachelor’s in Computer Science from Purdue University in Indiana in USA, Daniel Armanto was the co-founder and CTO of Adskom. He recently left the startup in January 2017 and is now the CTO of Happy5.He was also previously a co-founder and CTO of Indonesia’s location-based social network Koprol, with experience in building high scalable and high performance web applications.
Red Points: US$38 million Series C to power US conquest
The Barcelona-based startup is ramping up US sales and deep-tech capabilities for its online brand protection platform
TuSimple: Banking on autonomous trucking in the US
TuSimple aims to scale its Waymo-style driverless trucking network to disrupt the $4tn global truck freight market starting with the US, with mass production by 2024
Vottun: The "WordPress for blockchain" seeks US expansion, investors
Seeking Series A funding this year, the agnostic SaaS opens blockchain's wealth of possibilities to businesses unfamiliar with the technology
Indonesian unicorn Traveloka aims for US listing via SPAC
The online travel aggregator reported revenue drops and layoffs in 2020 but became profitable late last year, led by recoveries in Vietnam and Thailand
Portugal's Prodsmart takes AI, IoT-based manufacturing to US factories
Smart factories can cut wastage by 80% and improve inventory, production and supply chains, tackling US$200 billion worth of losses
HypeLabs wins bumper US$3m seed funding to democratize connectivity
HypeLab's P2P mesh networking technology enables everyone to communicate within their own networks without needing internet, in cities, remote villages and even in disaster zones
Taronga Ventures takes RealTechX to Singapore; plans Japan, US growth
The Australian proptech investor to focus on ESG in its acceleration program, including women under-representation and site safety
Indonesian rental and asset management platform Travelio bags US$18m funding
The four-year-old proptech startup recently raised Series B funding as it gains ground in Indonesia’s growing real estate investment market
Animal AgTech Innovation Summit 2021: Future of aquaculture in the US
With the US Importing over 85% of its seafood, industry experts examine how and why the country should develop a sustainable aquaculture industry
Tuya Smart announces more partnerships, files for IPO in the US
Tuya Smart’s platform enables the creation of smart devices with little or no code writing needed, shortening R&D from months to a matter of days
New Food Invest: Building a plant-based business in the US
With plant-based startups experiencing exponential growth but facing increasingly intense competition, experts consider the opportunities and barriers in the sector
China's new unicorn: Secondhand electronics platform Aihuishou now worth US$1.5 billion
Aihuishou's latest funding round is the largest yet for a secondhand electronics platform
SoccerDream: World's first VR soccer training platform to launch in China, US
SoccerDream uses virtual reality to boost trainee players' performance on the field by 36% compared to their peers
Revoolt: “Covid-19 accelerated our expansion plans and made us more ambitious”
Revoolt’s emission-free last-mile delivery model proved viable during the lockdown in Spain – growth that’s now its launchpad for international expansion and new funding
China’s startups have much to gain from the US-China trade war
The prolonged trade conflict may be exactly what Chinese startups need to strengthen their technological capabilities
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