Indonesia Digest: Everhaus-backed Newman’s, Giladiskon secure US accelerator backing

Two portfolio companies of Indonesian VC firm Everhaus have graduated from and secured funding from US accelerator programmes.

One of them is men’s healthcare startup Newman’s, which received a $150,000 funding from Y Combinator after taking part in the US accelerator’s winter 2020 batch, while deals platform Giladiskon raised an undisclosed investment from SOSV and graduated from the Mobile Only Accelerator (MOX).

Healthtech startup Newman’s gets Y Combinator backing

Indonesia-based men’s healthcare startup Newman’s has received a $150,000 funding from Y Combinator after taking part in the US accelerator’s winter 2020 batch, the company told DealStreetAsia.

The new capital adds to the undisclosed pre-seed funding round the company had raised last year from Indonesian early-stage VC firm Everhaus.

Founded by Elsen Wiraatmadja, Alfred Ali and Anthony Suryaputra, Newmans provides a platform that facilitates online consultation for men’s health and helps tackle uncomfortable topics that are often considered taboo.

Last month, the company launched its platform by offering consultation for prescription hair loss. Going forward, it plans to expand into other verticals, including erectile dysfunction and smoking cessation.

The company says it will be using the fresh capital to grow its team and finance its marketing initiatives.

Deals platform Giladiskon bags funding from SOSV

Indonesia’s deals platform Giladiskon has announced an undisclosed investment from SOSV after it graduated from their Mobile Only Accelerator (MOX).

Backed by Everhaus, Giladiskon helps Indonesian restaurants and lifestyle retailers by introducing them to its 1.5 million members for free. In return, the merchants offer exclusive promotions for Giladiskon’s paying members.

In the past nine months, Giladiskon has partnered with over 350 restaurants from family-owned shops to KFC, and driven $400,000 in revenue for its partners.

With support and mentorship from SOSV, Giladiskon says it plans to strengthen its presence in Indonesia and accelerate the onboarding process of millions of F&B and lifestyle SMEs from Jakarta Greater Area and other cities.

The company recently graduated from MOX (Mobile Only Accelerator), a programme for cross-border mobile internet with a rapidly expanding portfolio in Southeast Asia. MOX is operated by the $700-million venture capital fund SOSV.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.