10 Participant Startups »Grab Ventures Velocity" Second Batch

Grab announced the 10 startups selected as participants Grab Second batch of Ventures Velocity (GVV). Program flagship It chose two focus themes, namely empowering farmers and small businesses.

Of the 10 startups, 7 came from Indonesia, 2 of them from Singapore, and the rest from Malaysia. In order, they are Eragano, Go Umrah, Porter, Vegetablebox, Tanihub, Tamasia, Qoala, Treedots, GLife, and MyCash Online. It is claimed that there were 150 startups that applied, the majority came from Southeast Asia but some also came from outside Southeast Asia.

"Become decacorn first in Southeast Asia is a journey for which we are very grateful and this time we want to contribute again and share what we have learned to also contribute to the progress of the country," explained the President of Grab Indonesia Ridzki Kramadibrata, yesterday (17/6).

At this announcement, the Minister of Communication and Informatics Rudiantara, Expert Staff from the Ministry of Finance, and exclusive partners were also present Grab (Ovo, Kudo, Microsoft, etc). In his remarks, Rudiantara gave his support for this program. According to him, together we can build a stronger Southeast Asia as a home and ecosystem for many startups.

"Through the GVV program, I hope that Indonesian startups will also be able to compete globally and make the nation proud," he added.

Ridzki continued that the choice of this theme was motivated by a sustainability commitment to the Indonesian government to take a leading role in developing ecosystems agritech, not only in Indonesia but also in Southeast Asia. These two focuses are also indirectly related to the focus of companies that want to empower small and medium enterprises.

About Update from batch firstly,, Grab in the near future, Sejasa will be present in its application. Previously, the service for ordering films from BookMyShow shaped tile named "Ticket" has been officially presented.

"Sejasa this year will come to the application Grab and immediately available for millions of users Grab."

On batch The first, which was held at the end of last year, selected three startups from Indonesia from five participants to assist scale up. They are BookMyShow, Sejasa, and Minutes. BookMyShow said that in the first month of the trial, its business grew by 70%.

GVV . Program batch second

head of Grab Ventures Chris Yeo explains, batch It has two pathways, empowering farmers and small businesses. Both are represented by five startups. The first line is GLife, Tanihub, Treedots, Sayurbox, and Eragano. The second line is GoUmroh, Porter, Tamasia, Qoala, and MyCash Online.

When calculated in total, there are 30 thousand farmers and 5500 small entrepreneurs who have been assisted with a total GMV of more than US$110 million. Prospects in the future, there are still 35 million farmers in Indonesia who can be helped by technology, the potential GMV is around US $ 136 billion. Then there are 46 million small entrepreneurs in Indonesia who are ready to connect with technology.

Appointment of theme for batch this time, it was also motivated by several lessons taken from batch first. Chris explained from pilot project, it gets proof of concept of the participants.

There is real data that has been successfully shown, for example from the achievements of BookMyShow after joining. This data is used to dig deeper into the synergies that can be carried out by the two companies to stay in tune with user needs Grab.

"But on the other hand, on batch First, there is no specific theme raised. That's why startups that register come from various sectors. This time we want to focus on being more specific and targeted," he explained.

Participant batch these two will be testing their initial projects in the ecosystem Grab, according to the services offered. There are some channel provided, via the app Grab itself, base merchant GrabFood, or the Kudo agent network. Compared batch previously, there was only integration to the app Grab.

However, Chris admitted that his party has not determined how many startups will be selected and the investment nominal is prepared. He only made sure the nominal amount of the investment prepared was post-seed stage. Unlike focus Grab Ventures that are eyeing funding for startups starting from the B series stage and above.

All of these participants will attend training for 16 weeks, filled with various activities from mentoring to special themed classes. At the end of the session, startup will pitching in front of Grab. Those who succeed, will get the opportunity to collaborate with Grab in the form of funding or strategic partnerships.

All program activities will take place in the area BSD City Digital Hub, in connection with the strategic partnership between the company and Sinar Mas Land.

"This program discusses a lot of basic issues to help founder time scale up. From there, we hope that they can provide bolder and more innovative solutions, even though they depart from services marketplace."

Chris also said that his party has started to prepare the third batch of GVV, but it has not been determined what theme will be chosen. Most likely it will be held towards the end of this year.