1. Startups

Japanese Venture Capitalist W Inc Starts Adding Startup Portfolio from Indonesia

Not long ago W inc. announced its investment into social commerce startup Dagangan and proptech Window360

Japan-based venture capitalist, W inc., is deepening its investment in Indonesia. Recently they announced their investment into startups social commerce Trade. One month earlier, they also just announced their investment into the platform proptech Window360.

W inc's initial debut. in Indonesia in June 2023, to be precise, participating in the platform's initial funding Slice Group creator management -- in this investment Arise (MDI Ventures) and Intudo Ventures were also involved.

In his statement, as quoted from LinkedIn, they invested in Dagangan because the startup led by Ryan Manafe had achieved positive EBITDA for almost all of its central operations, demonstrating a strong business model. After raising $18,5 million in funding, Dagangan plans to reach 75.000 villages, offer high-quality products, and build a comprehensive rural economic ecosystem.

Meanwhile, his investment in Window360 based on the startup's ability to offer a standardized experience for purchasing/renting property, including ensuring quality and security. From browsing to transactions, everything runs smoothly on the Window platform. Window plans to use these funds to expand its services to other big cities, such as Bogor, Surabaya and Bali.

It was also conveyed that W inc. will continue to explore the possibility of investing more in Indonesia. Moreover, currently this venture capital also has a team of analysts from Indonesia. W inc. generally invests in early-stage, pre-series A, and series A startups in the field lifestyle, entertainment, and sports.

In May 2023, W inc. announce "W Fund 2" whose value has been increased from 5 billion Yen to 7 billion Yen, or the equivalent of $45 million. Through this new managed fund, W inc. is committed to starting to explore investment opportunities in Southeast Asia. Apart from finding new portfolio potential, it is hoped that this can become an expansion path for the portfolio they previously owned.

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