20 22 ENDEAVOR INDONESIA ANNUALREPORT 20 22
$2.5B
It is an honor to announce that Endeavor Indonesia has crossed another milestone Our organization shall complete 11 years of its establishment this year I would want to take this occasion to thank each of you for being an earnest part of Endeavor Indonesia
The year 2022 has served as a stark reminder of what global progress entails and what it demands of each of us The year of progression wasn’t exactly as straightforward as we had imagined Unforeseen circumstances, setbacks, and occasionally solutions that end up causing additional challenges all seem to be part of it
However, Endeavor has partaken in the development of Indonesian leaders and entrepreneurs who significantly contribute to Indonesia’s economic growth and Sustainable Development Goals in the last decade This is thanks to our principles to embrace turbulence around us, help transform economies, and nurture entrepreneurs, that we believe, will reshape our world
As we are witnessing, the Indonesian entrepreneurship ecosystem is vibrant and robust The acceleration of innovations greatly contributes to this ecosystem We believe that high-impact entrepreneurs have the biggest ideas and most ambitious plans, and they have the power to inspire countless people
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Nevertheless, there remains a setback that we call ‘hype’ With the presence of liquidity, these overwhelming innovations will separate those profitable and those solely for the hype Whatever the sector, it is the right business fundamentals edge and excellent winning people with the right value system that can execute and ultimately generate positive cash flows
At Endeavor, we uphold the Pay It Forward value
As we have 86 Endeavor Entrepreneurs leading 60 companies in various industries that become one elite line, we have the responsibility to give back, where they multiply their high impact, strengthen, and sustain our economic growth Together, Endeavor and high-impact entrepreneurs are changing industries, communities, and the entire economy In 2022, all active Endeavor Entrepreneurs in Indonesia have generated $2 5B of revenue And they have created 21 3K numbers of direct jobs, not to mention hundreds of thousands of farmers, fishermen, MSMEs, and truck drivers that are empowered and impacted by our Endeavor Entrepreneurs
As Endeavor Indonesia has passed a decade, we need to question our raison d’être We should disrupt ourselves before others disrupt us Do we have an edge in providing services and ecosystems to our Endeavor Entrepreneurs? Do they come back to us for more? Does our family of global network and access to founders and top schools truly make a difference in the success and development of Endeavor Entrepreneurs? We should continuously ask those questions As Andy Grove puts it “only the (productive) paranoia survives”
We intend to serve Indonesia’s high-impact entrepreneurs at all scales as a home and a guide in the future Indeed, we should also keep promoting our multiplier effect along the way
Whatever it is, agility is in our DNA and we welcome continuous constructive feedback and support from all of you
And with that, thank you once more and cheers to all of us and happy 11th anniversary Endeavor Indonesia!
EndeavorEntrepreneur companiesin2022
Revenuesgeneratedby
Directjobscreatedby EndeavorEntrepreneur companiesin2022 Board Chairman Endeavor Indonesia
01 Foreword 02 About Endeavor 04 Our operating model 11 Endeavor Scale Up 14 Our journey since 2012 Table of content 01 Anything with icon or underlined is clickable!
Arif P Rachmat
We are the leading global community of, by, and for HighImpact Entrepreneurs —those who dream bigger, scale faster, and pay it forward.
Why
world
We create a Multiplier Effect by inspiring high-growth entrepreneurs to dream bigger, supporting and investing in them to scale faster, and providing a platform to pay it forward.
Our Core Belief:
High-Impact Entrepreneurs transform economies.
What We Do:
We Do It:
02
To build thriving entrepreneurial ecosystems in emerging and underserved markets around the
41 COUNTRIES & EMERGING MARKET
See all offices worldwide
2300+ 3.4M+ $28B+
high-impact entrepreneurs selected from 100k+ companies screened
jobs created by Endeavor Entrepreneurs
in revenues generated by Endeavor Entrepreneurs in 2021
$12.3B+ 500+
in equity capital raised by Endeavor Entrepreneurs in 2021
3000+
team members on the ground in 41 markets around the world
business leaders as mentors globally 03
OUR OPERATING MODEL
WE SELECT
Endeavor Entrepreneurs by searching the globe, identifying founders with the greatest growth potential, and inviting them to participate in our renowned international selection process.
WE SUPPORT
Endeavor Entrepreneurs with our expansive global network, unrivaled peer-to-peer community, and highly-curated services.
WE ELEVATE
Endeavor Entrepreneurs as aspirational role models and provide avenues for them to mentor and inspire others to reimagine what is possible.
WE INVEST
in Endeavor Entrepreneurs through our rules-based fund, Endeavor Catalyst.
WE ADVANCE the conversation around global entrepreneurship and innovation through original content, leveraging Endeavor's proprietary data set and insights.
04
WE SELECT
EndeavorEntrepreneursbysearching,identifying founderswiththegreatestgrowthpotential,and invitingthemtoparticipateinourrenowned internationalselectionprocess.
187 40
FIRSTOPINIONREVIEWS(FOR)
EndeavorIndonesiastaffconductedonehourinterviewswith187companiesto assesscandidates’viability
SECONDOPINIONREVIEWS(SOR)
Endeavormentorsconductedmultiple interviewswith40companies,probing theirbusinessstrategy,innovation, growthpotential,andentrepreneurs’ personalqualities.
LOCALSELECTIONPANELS(LSP)
Localmentorsandboardmembers interviewedanddeliberatedon14 companiesatanLSP.
Here’sasnapshotofhow theprocessunfoldedfrom Jan.2022–Dec.2022 companies companies companies companies
INTERNATIONALSELECTIONPANELS(ISP)
TheISPistheculminationofarigorous multi-stepselectionprocesstoidentify high-impactentrepreneursfromalloverthe world.Wesent11companiesin2022.
14 11
05
WE SUPPORT
EndeavorEntrepreneurswithourexpansiveglobal network,unrivaledpeer-to-peercommunity,and highly-curatedservices.
PeerNetwork WORKOFTRUST
osteratrustedcommunityof,byand ndeavorEntrepreneurs,where derslearnfromandwithtruepeers ndtheglobewhohavesharedvalues ambitions.
deavorEntrepreneursjoinlocaland onalcommunitiesbasedontheoffice ughwhichtheyareselected,andcan yplugintootherEndeavormarkets networkgatheringshostedaroundthe d.
deavorVerticalsunitetheglobal oliobysector.EachVerticalhasa specializednetworkofmentors,investors andpartnerswhofoundersconnectwith throughhighlycuratedone-on-onesand intimategroupsettings.
"Being an entrepreneur and a leader is a lonely journey. that is unfortunate. And if you don't find people to help you or have that sort of community, it is so easy to give up. if you are the kind of entrepreneur that is really passionate about impact, then deavor is the place to learn."
Readmore:HumansOfEndeavorstories "ThePeopleThatWowedFounderofPaxel"
•EndeavorOutliersisayear-long experiencethatbringstogetheracohortof ourhighestimpactfounders(top5%of portfolio)atasimilargrowthstagefor curatedprogrammingandopportunitiesto connect.
•EndeavorEntrepreneursconnectwith peersfacingsimilarchallenges,regardless ofmarketorsector,tolearnfromthosewho have“beenthere,donethat.”
EndeavorEntrepreneurBryantChristanto, Co-FounderandCEOofPaxelIndonesiaat EndeavorOutliersRetreat,June2022
06
Mentorship&Expertise UNRIVALEDGLOBALNETWORK
Ourunrivaledlocalandglobalnetworkof mentorsandpartnershelpsEndeavor Entrepreneurstackleroadblockstogrowand inspiresthemtothinkbigger.
•Endeavor’sworldclassLocal&Global Networkoffunctionalandindustryoperators andexpertsacross41marketspayitforward byprovidingdirectfeedbackandadvice, sharingtheirexperiences,andopeningdoors.
•EndeavorstructuresIndependentStrategic Advisor/AdvisoryBoardstoguide entrepreneursontheirmainstrategic challengesinaregularcadence.
•Endeavorsupportsentrepreneurs’geographic expansionbypluggingthemintothebroader networkofrelevantEndeavoroffices worldwide.Wealsoconnectthemwithother founderswho’vegonethroughasimilar experience.
•Endeavorconnectsentrepreneurswith studentsandconsultantsfromtop-tierMBA andcorporatepartnerstoworkonshort-term projects.Thesepartnersalsoextendtheir supportasmentorsandadvisors.
ACTIVEMENTORS
"I find mentoring is a gift for me to share experience, what I know, and to learn from our mentees whom I fondly think as my educator – educator of things unknown to me, and together as Mentor and those who are kind to have chosen me as Mentor, find possibilities of continuously improve and reach for greatness.
With Endeavor Indonesia, mentorship turns out to be a light in my career and life journey."
ENDEAVORMENTOROFTHEYEAR(MOTY)RECOGNIZEOUTSTANDINGENDEAVORMENTORSWHOCONTRIBUTESTOENDEAVORINDONESIAINVARIOUSWAYS SUCHASMENTORINGHOURS,RATINGS,MENTORDEVELOPMENTORINVOLVEMENTINDIFFERENTTYPESOFFUNCTION,ANDROLESINTHEECOSYSTEMS.
JULIANTOSIDARTO PTXLAxiataTbk, IndependentCommissioner MOTY2020
ROSHINIBAKSHI EverstoneCapitalAsiaPte, ManagingDirector MOTY2019&OUTSTANDING MENTOR2021
SYLVANODAMANIK Deloitte, ExecutiveDirector-Partner MOTY2018
BERNARDSAÏSSE MicrosoftIndonesia, FormerCOO MOTY2016
SUZYHUTOMO TheBodyShopIndonesia, ExecutiveChairperson MOTY2015
HARISUNGKARI MitraMandiriInformatika, Co-Founder&Commissioner MOTY2014
FLORIANHOPPE Bain&Company, Partner MOTY2014
84
BASEDININDONESIA ANDSINGAPORE
CAECILIAADINOTO HumanResourcesDirector,Sanofi EndeavorMentorof TheYear2021
BRUNOWAUTERS Director, PlanetNetZero MOTY2017
IWANATMAWIDJAJA DeloitteConsulting, IndonesiaConsultingLead MOTY2017
GEORGEHENDRATA Tiketcom,CEO MOTY2016
RUDYHALIM PTLippoKarawaciTbk, DirectorandGroupCOO MOTY2015
NONIPURNOMO BlueBirdGroup, PresidentofTheBoard OfCommissioner MOTY2018
DONATED
553 MENTORINGHOURS IN2022
CLICKIMAGESTOSEEVIDEOSAND/ORTHEANNOUNCEMENT!
07
AccesstoCapital
UNPARALLELEDFUNDRAISING KNOWLEDGE
Withoveradecadeofexperience workingwithfoundersraisingcapital aroundtheworld,Endeavorprovides unparalleledknowledge,guidanceand connectionstosupportour entrepreneurs’fundraisingefforts.
•Endeavorcuratesmentoringsonall aspectsoffundraising.Usingourglobal, cross-sector,cross-stageinvestor network,foundersreceiveunbiased feedbacktosetthemupforsuccessin theirfundraisingjourneys.
•Endeavorfacilitatesintroductionsto top-tierinvestorsandserviceproviders aroundtheworld,andsendsnotesof endorsementtothosewhoare consideringpartneringwithEndeavor Entrepreneurs.
PersonalGrowth
FOCUSONSCALINGYOURSELF
Werecognizethatanentrepreneurcan onlyscalehercompanyasfastasshe canscaleherself.Weprovideour founderswiththesafespaceand opportunitiesneededtoworkon themselves.
•Endeavorhostsweek-longEndeavoronlyExecutiveEducationprogramswith HBS,StanfordGSB,andINSEAD,focused onleadership,innovation,andscalingup. Additionalvirtualprogramscanextendto executiveteams.
•Endeavorsupportsentrepreneursin conductingreverseduediligenceby facilitatingconfidentialconversationswithin ourtrustedcommunityoffounderswhohave partneredwiththeprospectiveinvestor.
•Endeavordoesnottakeequityaspartof selection.Instead,weco-investpassivelyin qualifiedroundsofEndeavorEntrepreneurs throughEndeavorCatalyst,ourrules-based fund,withoutadditionaltermsordiligence.
$594.5M
EQUITYRAISEDIN2022BY
12 ENDEAVOR ENTREPRENEUR COMPANIES
"Endeavor has prepared founders with the right business framework through relevant questions, practical insights and professional business advisors. The network, values and opportunities to give back to the community have made endeavor as the right circle of trust among founders.
Indra gunawan, CEO, Bobobox
•Endeavor’sclosed-doorpeergroupsand mentoringsprovidefounderswithasafe spacetozoomout,reflectandgrowas leaders.Wealsofacilitateconnectionsto vettedpartnersandmentorsforindividual andgroupcoaching.
•WehelpEndeavorEntrepreneurs navigatethetransitionfromtheirselected companyanddeterminetheirnextsteps. Ourentrepreneursbecomeserial founders,investors,boardmembersand executivesinotherbusinesses.
08
WE ELEVATE
EndeavorEntrepreneurPeterDeCaluweserved asapanelistat94thInternationalSelection PanelheldJuly11-13,2022inGreece
PayitForwardPlatform
EndeavorEntrepreneurs’successisnot limitedtoscalingtheircompanies.We provideaplatformforthemtomultiply theirimpactwithinandbeyondtheir ecosystembyinspiring,mentoringand reinvestinginthenextgenerationof founders.
InspiringtheNextGeneration
WeelevateEndeavorEntrepreneursas rolemodelstoinspirethenext generationoffounders;andoffer opportunitiesforthemtosharetheir experiencesdirectlywithdifferent audiencesaroundtheworld.
MentoringFellowEntrepreneurs
EndeavorEntrepreneursserveas mentorstofellowentrepreneurswhoare facinghurdlestheyhavealready overcome,andtothefuturegeneration ofEndeavorEntrepreneursbyreviewing candidatesandservingasSelection Panelists.
InvestingintheFuture
EndeavorEntrepreneurscaninvestinthe futureoftheorganizationbyallocating spaceineligibleroundsforEndeavor CatalystandbybecomingLPsinthe fund.Somehaveultimatelybeeninvited tobecomeBoardMembersoftheir Endeavoroffice.
EndeavorEntrepreneurNirmal Rajaram,PartnerandCOORigel CapitalreceivedthePay-ItForwardEntrepreneurofThe Year2022basedonthe dedicationtopayitforward: mentor,coach,andinspirethe nextgenerationof entrepreneurs
EndeavorEntrepreneurAchmad Zaky,Co-founderBukalapakis oneofthewinnersof2021The Lindas,anawardhonouring EndeavorEntrepreneurswhonot onlyhaveachievedextraordinary scale,butwhoalsohave exemplifiedthevaluesofour globalnetwork Afterstepping downfromBukalapak’sCEOrole, ZakyfoundedInit6,investingin early-stagestartups tobuildthenewwayoflifeafter Covid-19
09
EndeavorEntrepreneursasaspirationalrolemodelsand provideavenuesforthemtomentorandinspireothers toreimaginewhatispossible.
WE INVEST
fund,EndeavorCatalyst.
EndeavorCatalystisEndeavor’srulesbased,co-investmentfundthatinvestsin thecompaniesofEndeavorEntrepreneurs. Launchedin2012,EndeavorCatalysthas $500MinAssetsUnderManagement(AUM) acrossfourfunds.
EndeavorCatalystoffersaunique opportunityforEndeavortobecome financiallyself-sustainingbyinvestinginthe veryentrepreneursitsupports.
ProceedsfromEndeavorCatalystprovide returnstoinvestorswhilefacilitating Endeavor’sexpansionintonewmarketsand fundingthedevelopmentofcritical infrastructuretosupportgrowingoperations.
WHEREWEARENOW
AsofDecember31,2022,thereare17EndeavorEntrepreneurIndonesiacompaniesinvested byEndeavorCatalyst
Paxel Shipper Fabelio
QUICKLINKS
Aruna Bukalapak Carro eFishery FundingSocieties Mapan(Ruma) HappyFresh Investree Lummo OnlinePajak Privy Qraved Snapcart VIDA EndeavorOutliersarethetop~10%ofEndeavorEntrepreneurswhoareleadingacompanythroughextraordinaryandconsistentgrowth EndeavorCatalystinvestsin: 1.ThecompaniesofEndeavorEntrepreneurs 2.Raisingaminimumof$5Mofequitycapital inasingleroundoffinancing 3.Ledbyaqualified,institutionalinvestor $500M+ AssetsUnderManagement(AUM) 260+ Investmentsacross 30+markets 50 Companiesvalued at$1B+ 20 Exitsrealizedtodate 190+ Co-investmentpartners Allinvestmentsworldwide EndeavorCatalyst2021-2022AnnualReport UnicornTracker ProceedsfromEndeavorCatalyst: •Aimtogeneratestrongreturnsforinvestors •FinanciallysupportEndeavor’sglobaland localoperations •ReinvestintofutureEndeavorCatalystfunds 10
inEndeavorEntrepreneursthroughourrules-based
11
WhileEndeavorEntrepreneursarethoseatgrowthstage,weare alsoproudtosupportsomeearlierstagecompaniesthrough
EndeavorScaleUp,anon-dilutive,founder-focusedaccelerator programtoscalethemostpromisingentrepreneursinIndonesia
32PARTICIPATINGCOMPANIESFROMBATCH1,2,3
NikenSasmaya ChiefBusinessOfficer,NOICE EndeavorScaleUpBatch#3Alumni
“Ifeelenergizedandmotivatedknowingthatalotof peoplearefacingsimilarchallengesduringthiswinter season,andit’sgreattoheardifferentperspectivefrom everyoneonhowthey'remanagingtheirbusiness,we definitelylearntalotduringthisprogram!”
endeavorscaleup.com
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PROGRAM STRUCTURE
• Exclusivementorship
• FoundertoFounderForum
• FundraisingSupport
• ScaleUpAcademy
WHO IS THIS PROGRAM FOR?
•Entrepreneur-led&tech/tech-enabled company
•Co-Founderand/orCEO,leadingafastgrowingcompany
•CompanyfocusesonIndonesianmarket
•Companyactivelygeneratingrevenue andraisedexternalequityfunding (preferred)
61 entrepreneurs from32 most-promising companies
DimaDjani
WHY JOIN?
• Growthplatform|Clarityon businessgrowth&directionatscale, personal&professionalgrowthasa leader&entrepreneur
• Networkeffect|Accessto
Endeavornetworkwhoarebusiness leadersintheirrespectivefield
• Acceleratefundraising|Accessto Endeavorinvestornetwork
130 localandglobal mentors& coaches
371 totalhours donatedin mentorship
9,3 investor introductions outof10ofour alumniarehappyto recommendthe program!
91
GroupCEO,Hijra(formerlyknownasALAMI)
EndeavorScaleUpBatch#2Alumni
“Thebestthingabouttheprogramisthementorshipandconnectionto someofthebrightestmindsintheindustry Asfirsttimefounder,itisvery helpfultohearthatsomebodyelsehasgonethroughsimilarordeals”
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IMPACTINNUMBERSFROMBATCH1-3
OUR JOURNEY IN A NUTSHELL
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
ENDEAVOR INDONESIA 14
GLOSSARY EndeavorEntrepreneur=EE InternationalSelectionPanel=ISP
Fourcompaniesselectedin2013:
TirtaMarta(SugiantoTandio) GoodsGroup(AntonWirjono)
BabaRafiEnterprise(HendySetiono)
ElangProperty(ElangGumilang)
Theyearofour establishmentinIndonesia (andourfirstoffice!)
Fromleft-right:VincentIswaratioso(DANAIndonesia, previouslyIndomog),NikiLuhur(VIDA,previouslyKartuku), AldiHaryopratomo(previouslyGoPay,RUMA/Mapan)
OurfirstthreeEndeavorEntrepreneursselectedat the45thEndeavorInternationalSelectionPanelin Istanbul,Turkey
oyouknow:AntonWirjonoistheEE TheYear2015alongwithVince wara?Watchhisprofilehere
Followingthesuccessof previousannualevent,we conductedaseriesof events:ScaleUp2.0 Conference,Endeavor InvestorTrek,2ndAnnual Gala,andIndonesiaBehind ClosedDooraimedto providepolitical,social, economicandcultural contextrelevanttoinvesting anddoingbusinessin Indonesia.
ThefirstinAPACregiontohostInternationalSelectionPanellocated inJakarta.
WetooktheopportunitytointroduceEndeavorglobalnetworkto biggeraudiences,weconductedScale-Up101Conference andEndeavorIndonesiaGala.
Fivecompaniesselectedin2014:
AgateInternational(AriefWidhiyasa)
LightHOUSEIndonesia(GraceJudio-Kahl)
TADA(AntoniusTaufan)
VelaAsia/Paraplou(BedeMoore&SusieSugden)
FemaleDailyNetwork(HanifaAmbadar)
Fivecompaniesselectedin2015:
COTTONINK(RiaSarwono&CarlineDarjanto)
Brodo(YukkaHarlanda)
Qraved(StevenKim)
CoffeeToffee(OdiAnindito)
EastBaliCashew(AaronFishman)
2015marksourfirstever ScaleUpClinicseries.A multipleone-on-onespeed mentoringsessionsinviting over20mentors,30+ entrepreneursandmore than75+hoursof engagement&mentoring ineachevent!
2012 2014
2013
2015
15
TookScaleUpClinictoanother levelwithMegaScaleUpClinic withover300+connections, frommentors,entrepreneurs, investors,andbusinessleaders; followedbyAnnualScaleUp Galaintheevening.
Watchthefunduring BaliISPhere
Becamethehostfor65thEndeavorISPinBaliduring summertimeinJuly!NotonlyISP,wealsoheldEE SummerCampdedicatedforEEstostepbackfromthe day-to-dayactivitiesandengageininsightfulindemandworkshops,andtoopenuptoconnectwith fellowentrepreneurs,andthemself!
Tencompaniesselectedin2016:
eFishery(GibranHuzaifah)
Bukalapak(AchmadZaky&FajrinRasyid)
Dattabot/HARA(RegiWahyu)
PuyoDessert(AdrianAgus)
HappyFresh(MarkusBihler,nowledby GuillemSegarra)
ScaleUpConference withsessiontopics aroundscalingupyour businessfollowedby MegaScaleUpClinic onasteroid,brought togetherover500 mentorsandmentees intheregion
Collaboratedwith IDEAFESTtoconduct SPICE-UP!a6monthbootcamp programforF&B Entrepreneurs
Threecompaniesselectedin2017:
CitaRasaPrimaGroup(NirmalRajaram (nowRigelCapital),StefanieKurniadi& RexMarindo(nowFoodizz))
Investree(AdrianGunadi)
IndonesiaBikeWorks(AnneSekita)
Javara(HeliantiHilman)
SynergyEfficiencySolutions(CowanFinch &StevePiro)
OnlinePajak(CharlesGuinot)
Snapcart(ReynazranRoyono)
Fabelio(ChristianSutardi&Krishnan Menon-nowleadLummo)
LevelupthegamewithaseriesofScaleUpAsia!
ThisyeartheeventconsistedofAnniversaryCocktail Dinner,ScaleUpClinic,ScaleUpConference(with20+ speakers),andnewinitiativeScaleUpConnect designedforEEstoprovidethemwiththeopportunity tohaveacloserlookattheIndonesianmarket& businessclimatebyexposingthemtothecountry's businessleaders,investors&entrepreneurs.Plusavisit totwoIndonesianUnicorns,Bukalapak&GoJek!
Fourcompaniesselectedin2018:
Kataai(IrzanRaditya)
ZAPClinic(FadlySahab)
Sorabel(LinggaMadu)
Qlue(RamaRaditya)
Howto'BuildStrongCultureandWinning Team?'Watchitandotherknowledgevideos fromallofScaleUpAsiaconferencehere!
With"TurningPoint"astheumbrellatheme,EEs, Mentors,policymakers,andthought-leadersshared theirTurningPoint:the'aha',specific,significant momentwhensomethingbeginstochange-over5 differentsessionsinScaleUpConference.Priorto this,weconductedanotherScale-UpConnect: AccesstoIndonesianMarket,TourofTheUnicorns, andAnniversaryCocktailDinner.
Threecompaniesselectedin2019:
Privy(MarshallPribadi)
Printerous(KevinOsmond)
GumindoBogamanis(AndreasAnggada)
2018
2016
2017
2019
#OneEndeavorspirit!EndeavorMalaysiaEEVivyYusof(FashionValet andThedUCkGroup)asspeakerduringourconference
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Thisyearwewerereshaping ourvisionwithourglobal parner,Bain&Company.
Sixcompaniess
Kitabisa(Alf Kredivo(Ak waresix(An Wibowo)
KopiKenang
FundingSoc
Kurniawan,KahMengWong) Glints(OswaldYeo,SeahYingCong)
OurEEFajrinRasyidwaspaying-itforwardbybecameanISPpanelistat EndeavorISPinKSA
ENDEAVOR SCALEUP MINDSET
Virtualsessionshelpsusreachedbigger audiences!Thisyearwepioneered EndeavorScaleUpMindset,asemesterlongmonthlywebinarprogramtohelpto understandthestepsofestablishingand scaling-upabusinessthroughsharing sessionsbysuccessfulhighimpact entrepreneursinIndonesia.
ThesessionsrunfromSeptember2020 toMarch2021inviting11institutionswith atotalof1691participants(40%)ofthe 4270registrantsthroughoutthewhole7 sessions(includingseminarsessionin theopeningceremony)
LaunchedEndeavorScaleUp,anon-dilutive founder-focusedacceleratorprogramfor Indonesia'sfast-growingstartups.23 entrepreneursleading12startupsjoined batch#1
Launched NurtureToScale,ascaleup programforearly-stagestartups
OurfirstcollaborationwiththeBritish EmbassyJakartathroughUK-Indonesia TechHubwherethegrandlaunchingwas attendedbyElizabethTruss,theSecretary ofStateforForeign,Commonwealthand DevelopmentAffairsatthattime;with35 startupsfrom8provincesand13citiesin Indonesiaparticipated
Eightcompanies selectedin2021:
Carro(AaronTan) Kargo(TigerFang)
Aruna(FaridAslam)
Zilingo(AnkitiBose)
Shipper(Phil Opamuratawongse& BudiHandoko)
Ula(NipunMehra, AlanWong,Derry Sakti&Riky Tenggara)
Thunes(Peterde Caluwe)
Dekoruma(Dimas HarryPriawan& ArunaHarsa)
EndeavorScaleUpwasverysuccessful!Wehad18 entrepreneursforbatch#2and20entrepreneursforbatch#3.
Entrepreneurs,EEs&partnersparticipated inthreebatchescametogetherinourfirst networkingnight!
Batch#4onwardswillstarton2023 Staytunedinendeavorscaleup.com
•••
SpentourQ4replacingonlinemeetings withsunandsands!
FiveEndeavorofficesinAPACplus Endeavorglobalteamgatheredfor3 daysofknowledgesharingandteam bondingactivitiesinBali!
Hungryforknowledge? Watchthewhole7 sessionsofScaleup Mindsethere!
Bukalapak IPOon August 2021!
2020
2022
2021
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In2022,wehaveselected16Endeavor Entrepreneursleading9companies.
AttheEndeavorInternationalSelectionPanel(ISP),onlythosefinalcandidates gainingunanimousapprovalfrompanelistsbecomeEndeavorEntrepreneurs. TheEndeavorsealofapprovalcarriessignificantweightwithinvestors, partners,andotherindustryleaders.
BRYANTCHRISTANTO,ZALDYILHAM MASITA&ERICKSOEDJASAOFPAXEL Selected:24thVirtualISP,February
ROHANMONGAOFZENIUS Selected:25thVirtualISP,March
GHUFRONMUSTAQIM&ARIP TIRTAOFEVERMOS Selected:27thVirtualISP,May
INDRAGUNAWAN&ANTONIUS BONGOFBOBOBOX Selected:94thISPinGreece,July
DINOSETIAWAN&WINDY NATRIAVIOFAWANTUNAI Selected:29thVirtualISP,August
SATIRASUANTO&GAJENDRAN KANDASAMYOFVIDA Selected:60thVirtualLSP,September
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Withthemjoining,EndeavorIndonesiahasnow selectedandsupported86EndeavorHigh-Impact Entrepreneursleading60companiesfromIndonesia. (asofJanuary2023)
OURSELECTIONCRITERIA
Doesthiscandidatehavetherunway,fuel andambitiontoscaleatleast10xwith Endeavor’ssupport?
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CLEOSENTRANDINGOFPASARPOLIS Selected:30thVirtualISP,September DAYUDARAPERMATA&AHMED ALJUNIEDOFPINHOME Selected:31stVirtualISP,October GIACOMO FICARIOFLIFEPAL Selected:32ndVirtualISP,December
ENDEAVOR ENTREPRENEUR COMPANIES
ENDEAVOR INDONESIA BOARD MEMBERS
ArifPRachmat Co-founder& ExecutiveChairman PTTriputraAgro Persada(TAP)Group EndeavorIndonesia Chairman
HarunHajadi ManagingDirector CiputraGroup
HusodoAngkosubroto Chairman GunungSewuKencana
AnnePatriciaSutanto ViceCEO PTPanBrothersTbk
NickNash ManagingPartner &Co-founder AsiaPartners
PanduSjahrir ManagingPartner IndiesCapitalPartners
AlvinSariaatmadja PresidentDirector EMTEK
SvidaAlisjahbana CEO GCMGroup
Dr RaoulOberman Co-founder&CEO ArtemisImpactPteLtd
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TanSuShan GroupHeadof InstitutionalBanking DBSBank
endeavor indo Endeavor Indonesia www.endeavor.org www.endeavorindonesia.org DREAM BIGGER SCALE FASTER PAY IT FORWARD