Natali Ardianto’s Journey on Becoming an Industry Expert: Set Up a Vivid Goal

This article is a part of DailySocial’s Mastermind Series, featuring innovators and leaders in Indonesia’s tech industry sharing their stories and point of view.

Entrepreneurship is not for everyone. It takes years of hard work, loads of responsibilities, high risk, and other important sacrifices. However, all those will not be an issue when you have a clear set of goals to achieve. At least, it’s what Natali Ardianto, the former tech leader in one of the leading OTA services, Tiket.com, has been doing through these years of paving ways into the tech industry.

Ardianto is now the Co-Founder & CEO at Indopasifik Teknologi Medika Indonesia, the company he built after sailing through several industry sectors. From city directory, OTA, fintech, and now healthtech, each venture has taught him different lessons and shaped him as the industry expert he is now.

As a tech enthusiast and computer geek, he was struggling with chronic introvert but eventually managed to overcome the issue and master the communication skill. One of the key points he suggested is to have a clear vision, a vivid goal, one that you can cling on to, and be precise about it.

As stated on his profile “Life is a journey, not a destination”, DailySocial has an opportunity to dig deeper into his journey and here’s what we discover.

Let’s start from your current position, Co-founder & CEO at Indopasifik Teknologi Medika Indonesia. Tell me a bit about the latest venture.

ITMI Team member
ITMI Team member

This is my 5th startup, a healthtech company under the name PT Indopasifik Teknologi Medika Indonesia. We provide a digital solution focused on supplement products. It’s a machine learning that fully personalized your data to give recommendations of the best supplement for your health. People may have question, why healthtech?

Simply put, do you think health as primary or secondary? Actually, most people will put health above anything, health will always be positioned first. In fact, it [health] becomes a basic need that people willing to spend money. While other leisure industries require thorough calculation as it is not the primary need. In terms of profit, it surely be a good thing. As the average revenue per user (ARPU) can get few times higher than other leisure industries. In other words, a goal can be achieved with less effort.

Twelve years ago, when you first jumped into the startup life, what were you thinking? How did you start the whole tech-business journey?

In 2008, when startup hype is yet to penetrates the region, we only thought to build a digital company. Also, own a company has been my dream since I was a child. I had my first encounter and fall in love with the computer in the 5th grade, I also started coding around that age. I keep my eyes and mind focused on tech until I make it into Computer Science in Universitas Indonesia.

In 2003, I already started some freelance projects, and it crosses the region. While startups are getting popular in 2010, I had my struggle with Urbanesia, the first company where I learned a lot after 13 months of development. I have mindset that life is about solving problems. When we solve the problem over and over again, we master the skill. It is what happened to my second company that took 8 months of development, and then we make it only 3 months for Tiket.com.

What I want to do is very clear from the very beginning. I labeled myself as a hardcore engineer. However, I’m aware that engineers without basic knowledge of communication will not get any further. Especially if you want to be a leader. Leadership is all about directing and delegating, it makes communication very important.

As a tech geek, do you have any issues regarding communication? You have something to say to other engineers out there?

It’s actually simple, just talk to people. This is not only about literature yet a learning-by-doing process. After two years of teaching, I get better at marketing myself. The problem with engineer is they can’t do marketing. I’m lucky to have a partner to help me learn on how to manage people and share essential insights.

The very first book that’s important to read is “How to win friends and influence people” written by Dale Carnegie. It’s the foundation of communicating with people. And then “7 Habits of Highly effective people” by Stephen Covey, on how we make the right decisions for ourselves and the other. The rest is usually biography and books about different kinds  of leaders, such as Elon Musk, Steve Jobs, or even “Bad Blood” Elizabeth Holmes.

Natali Ardianto with Semut Api Colony team
Natali Ardianto with Semut Api Colony team

You have an educational background in technology information, experienced in several industry sectors, from city directory, OTA, fintech, and now healthtech. How would you describe each venture?

I am an industry-agnostic, I had my first startup focused on city directory without any related background. My second company is named Golfnesia, with a fact that I’ve never been playing golf in my life. Next, in my third company, Tiket, none of the board of directors have background in the OTA service. The previous one is a fintech company named Pluang [used to be EmasDigi], and now my ship anchored in healthtech.

Among all these, there’s a silver lining that one must have, a value named industry expert. It’s not only about the educational background, personality traits, or family pictures. In order to reach that stage, one must get through almost everything.

I am, myself, believe in the secret. There’s something called RAS (Reticular Activating System) in our brain that can filter the mind of significant things. When you have something you really want and plant it in your head as clear and vivid as possible. Eventually, you’ll get it.

In the last four companies, you’ve been serving as a tech leader for the last four companies, now you’re a CEO. How do you see the gap in the transition? Is there any specific skill for that?

In a big picturem when we started Tiket, I created the pitch deck and financial plan. I was always been working a business part for the CEO sometimes. Also, I have background as a project manager in the consulting company. If I must say, I’m always be the business-oriented CTO. I’m very aware of budgets and numbers.

Natali as the iCIO awards
Natali as the iCIO awards

Most of the CTOs are very high maintenance in terms of technology. They only want to use the latest and coolest technology, but high costing, In fact, you can still create something impactful with the simple technology you already have. I create Tiket’s system in a very corporate way and financial detaill. Every transaction is recorded, avoiding fraud and corruption. I’m the type of person who likes to learn things, therefore I can’t just focus on tech, but also business.

However, some people get misled just because they’re learning piece by piece, not end-to-end. The agile thing is quite interesting but without vision it’s no longer effective.

Strategic thinking. As a CEO the keyword is you know what you’re going to achieve in 5 to 10 years. Some CTOs still on to 6 to 2 years plam due to the dynamic industry. In fact, foundations such as legal, finance, businessm is what really matter. I’m lucky to have a good mentor and eleven years of experience. Honestly, today I kinda feel relieved, because decision is a repeating process. When you already know the strategy it’s only time to repeat the previous overcomes.

In terms of Business and Life, do you have someone or something that you really look up to? Either a mentor, companion, things that shaped you into the current position?

In terms of companion, I’d say my wife. I met her in 2002 in time of my chronic introvert issue. Actually, she helped me changed too, on how to communicate, dress well and many others. She’s now a master in psychology counseling. she’s my learning partner, especially in understanding people.

 

The keyword to the leadership position is to manage people. You have to find a way to make them stay, even though what you offer is not as big as the giant company out there. I try to understand and fulfill the emotional part not only financially.  Because we try to create a foundation not only based on money. The problem when people have money, they try to solve everything using it. A way to solve a problem is to become an effective person. When you become an effective person, you also become an efficient person.

Personally, in terms of running a company, Jonggi Manalu of Tiket is my inspiration. In general, Larry Page & Sergey Brin are always the best example, but the first 11 years, Eric Schmidt becomes the seasoned executive and makes google very corporate. I called it corporate agility, corporate is the foundation of a company while agility is how we run the company. Why the foundation must be corporate? Because I often find a company struggling with cash leak, corruption, financial weakness, legal issue, and under management.

Running a startup means running a company, not just a product. You can make a product but if you don’t know anything about marketing, business development, things related to a corporation it won’t work.  I found out two things that can make a company going down, it’s when the founder gives up and the cash runs out.

Natali Ardianto at Tiket grand launching
Natali Ardianto at Tiket’s grand launching

Among the several industries you’ve been managed, which one is the most challenging? What is your biggest lesson for these past experiences?

In terms of entrepreneurship, the key point is timing. Running a company that is not commerce-based is really tough. In order to gain one transaction, either big or small margin need practically the same effort.

In running a company, I’d rather called it a hardship. When running something to be profitable, everything is restricted by budget. As an example, when I’m in the OTA industry, with the current small team competing against the horsepower of our competitor is one hell of a struggle. If I were to say it, not the lowest point, but hardship. The toughness of trying to run a profitable company.

What do you aim next? Is there any unfulfilled dream or something you really want to do after all these?

Startup Montage

After exiting from Tiket.com, I wanted to take a year of “retirement”. My wife and I travel around 5 continents, over 30 cities. But I didn’t enjoy that kind of retirement at all. Eventually, in the 7th month, I help co-found another startup. Building something from scratch and turn it into a big thing has always been my passion. I guess I wouldn’t trade it for anything. Even if I will do this until I am 70 years old, I would still do the same thing. Creating a great product that everyone uses and loves. Also, one day I would like to pursue a Ph.D. in entrepreneurship or e-commerce.

Facebook Collaborates with Local Partner to Build Fiber Optic Network in Indonesia

Facebook extends the Facebook Connectivity program to Indonesia by collaborating with Alita Praya Mitra, a company that provides local infrastructure networks. Facebook wants to build a fiber-optic infrastructure network for 20 km long to improve connectivity for more than 10 million Indonesian people.

Alita’s Director, Teguh Prasetya explained the development is targeting Bali, Jawa, Sumatera, and Sulawesi. The reason to enter the two and third-tier cities is due to the market that is yet to cover by the operator companies in providing broadband service.

Alita and Facebook will invest in the availability and efficiency of better backhaul fiber distribution. Alita will fully own, build, maintain and operate the green field fiber network and provide large capacity for cellular network operators and internet service providers. Facebook will provide support for the fiber network planning process.

“With tools from Facebook, the development of this network has become faster and more efficient. They also transferred the technology so we could use it for free, “Teguh said as quoted by Liputan6.

Teguh also said the support from Facebook is not only in terms of material, but also the technology side, including the transfer of knowledge. He said the investment given to Alita was less than $100 million or nearly 1.5 trillion Rupiah.

“This is a long term investment for Facebook Connectivity,” he was quoted as saying from Merdeka.com.

Head of Facebook Indonesia Public Policy, Ruben Hattari said the cooperation was important because around 3.5 billion people in the world were not connected and felt the benefits of broadband internet.

“We are constantly looking for new models, we are constantly looking for new technologies, new business partners, and of course strategic partners around the world for how we can address these problems,” Ruben explained.

He also underlined the role of Facebook Connectivity in cooperation not as a provider. The company will provide technical support such as analytics and infrastructure.

Currently, the infrastructure development has begun for the first phase of 3,000 kilometers in Java, Bali, Sumatra, and Sulawesi. In this phase, it will connect 10 million people with the best internet access.

Alita now has optical fiber access throughout more than 3 thousand developments in 40 cities in six provinces, namely: Denpasar, Bandung, Cilegon, Cirebon, Malang, Manado, Semarang, Serang, Solo, Surabaya and Tegal.

“Through this partnership, we can support 56 cities in 8 provinces by the end of 2021. Alita will continue to develop telecommunications access network infrastructure to meet the needs of telecommunications and ICT service providers,” Teguh added.

The Facebook Connectivity Scheme

Facebook Connectivity is an internal program from the company to overcome the problem of connectivity. In its journey, before entering Indonesia, Facebook has invested in various countries, such as Mexico, Colombia, Congo, Peru, and Brazil; it majorly penetrates African or other countries with low economic rates.

Source: Facebook Connectivity
Source: Facebook Connectivity

In this series of programs, Facebook has various initiatives. Among them was establishing the Telecom Infrastructure Project (TIP) with famous telecommunications companies such as Vodafone and Telefonica. TIP focuses on developing alternative communication technologies that make data prices much cheaper, therefore more people jump into the online world.

Next, there is Terragraph, which is more focused on developing high-cost and low-cost wireless connectivity solutions for the city center. Malaysia, Puerto Rico, California are examples of countries that have tried this service.

Other services include Analytics, Free Basics, High Altitude Connectivity, Internet Exchange Points, Magma, OpenCellular, Rural Access, and Express Wi-Fi. The whole point of the service here is how people can access the internet wherever they are.

According to a report from the 2019 EIU Internet Inclusivity Index, there are approximately 3.8 billion people in the world who don’t yet have a fast and reliable internet connection. The research also reveals that from previous years, technological progress has stopped which has resulted in a digital divide.

Although cellular internet services continue to increase, there are still many countries with low per capita income that are experiencing slow growth.

Facebook’s vision in connecting the world with the internet is certainly a noble thing. But there could be special attention behind this whole plan. Because, the more people on the internet, the more additions to Facebook users.

Platforms can utilize these data to create far more sophisticated algorithms, to predict how you respond to advertisements and how you will behave.

Facebook can predict who candidates you might choose during a political party. Even today, also happening in Indonesia, Facebook accounts can be one component for credit scoring when applying for a loan. How much is the right interest and limit according to the prospective customer’s online footprint.

Eventually, the ad revenue that Facebook can collect will be even thicker. Forbes reported, Facebook pocketed revenue from advertising of $ 70 billion last year. On average, pocketed ad revenue from each user is $ 7.26 per quarter.


Original article is in Indonesian, translated by Kristin Siagian

Application Information Will Show Up Here

Introducing “Equity Crowdfunding” Platform in Indonesia

The concept of offering stock through crowdfunding or known as equity crowdfunding (ECF) began to emerge in Indonesia. Some new platforms are adopting the concept. There are three startups officially acquired license form OJK per December 2019, namely Santara, Bizhare, and CrowdDana.

Simply put, the ECF platform presents to help business or projects to raise a fund with the crowdfunding mechanism. Then, those who participated (investors) will receive shares with adjusted percentage.

It’s similar to an investment, the ones who “plant” their money into a business or project will eventually receive the outcome. Obviously, with various amounts based on different risks.

The FSA has already issued regulations regarding the ECF as stated in POJK Number 37 of 2018 concerning Crowdfunding Services through Information Technology-Based Stock Offering. It regulates platforms, investors, and the amount of money raised from crowdfunding.

Further details on the ECF platform in Indonesia

Of the three services which officially obtained OJK license (per December 2019), two of them come with the same concept, namely Santara and Bizhare. Both are creating opportunities for SMEs to offer their shares through platforms and raise funds. Looking for a different market, CrowdDana allows offering shares/investments in property assets to be more affordable.

Santara‘s CEO, Avesena Reza claims that they currently have the largest distribution of funds, investor base, and publishers. However, he did not reveal the exact number. In fact, Santara’s optimism is visible through their plans in 2020.

Starting from building portfolio management, strengthening risk management, network distribution, and adding technology into the execution plans to-do-list.

“We’ve made various improvements in terms of technology, such as user experience, easy access, integration with Dukcapil, collaboration with other technology players. We also plan to implement blockchain technology later this year, as a back-office recording mechanism for all digital assets,” Reza explained.

A similar statement comes from Bizhare‘s Founder & CEO, Heinrich Vincent. He said they already had 35 thousand investors from 34 provinces throughout Indonesia by 2020. The distributed fund has reached Rp27 billion, with total dividends to investors reaching Rp1.5 billion per January 2020.

“Our plan in 2020 is to help more SMEs in Indonesia gain more benefits and rapid expansion, by improving our analysis system while conducting education and utilizing digital technology to assist them. In addition, we will also launch a secondary market feature for investors, to be able to sell their shares, as well as other surprises that we will inform soon,” Vincent added.

Meanwhile, CrowdDana announced two boarding projects successfully funded earlier this year. The value reached Rp14.6 billion and it is likely to increase by now. In their latest interview with DailySocial, they mentioned there will be a new vertical, namely the food and service business.

“From the public and franchise business owners’ responses, the demand is huge. On the investor side, investing in a restaurant or service business is also easier to understand, compared to property. From the publisher [franchise owner] side, they are to expand the business but have no access to financial funding,” CrowdDana’s Co-Founder & Chief Product and Marketing Officer, Stevanus Iskandar Halim said.

The possibility for the ECF industry is getting wide open since some companies have entered the processing stage for a license. One of which is Likuid, an ECF platform that offers stock offering services for creative projects.

Equity Crowdfunding di Indonesia

Appreciated regulations and education on progress

The regulation issued by FSA is very appreciated by Reza and Vincent. Both agreed on the current beleid is enough to protect the industry, either for investors, platforms, or businesses. However, it still requires coordination to keep the regulation relevant to the current situation in the field.

“To date, the equity crowdfunding regulation in Indonesia is enough to keep all parties fulfilled, from the Providers, Issuers, or Investors. Although there are still some things to improve, especially in terms of adjustment to players on field,” Vincent said.

Meanwhile, Reza said, “In terms of principle, the issuance of POJK 37 is a quite a good step to legitimize that the ECF platform activities are licensed by the regulator or the FSA, not a bulging investment. The regulation that is yet to have its complexity related to the implementation of the ECF is a potential that should be optimized for the organizing platform to innovate / breakthrough in existing business processes.”

Currently, the challenge has been on public education and business owners. In terms of the public, there is an urgency to socialize there are other investment options besides gold, mutual funds, or shares on the stock exchange called equity crowdfunding. Including understanding the existing regulations and risks.


Original article is in Indonesian, translated by Kristin Siagian

Bubays Baby Food Producers Optimizing Technology for Delivery Service

Bubays is an online channel that sells complementary foods for babies (MPASI). The idea appears when the founder participated in Antler‘s startup generator program in Singapore.

“We’re looking for relevant issues with parents on a daily basis. The fact is there are many Indonesian people, especially young moms, having difficulty in finding MPASI. The success of MPASI is due to some factors; from parents knowledge, types and quality of the food; and eating culture,” Bubays’ Co-Founder & CEO, Muhammad Faiz Ghifari

Bubays is currently focused on food types and quality, because there are many kinds of baby food in the market contain a preservative, high added sugar, even the worse is baby food on the shelves has been existing longer than the baby.

“In addition, we’ve seen a high stunting rate in Indonesia, almost at 30%. This can happen because of low nutrition in the Children’s 1000 first days,” he added.

One of the baby food products by Bubays / Bubays
One of the baby food products by Bubays / Bubays

One of the Bubays products is baby porridge with various basic ingredients, made with texture variants according to the age of the child. They also assured each production process is closely monitored by nutritionists. The procedure is also ensured to be safe and hygienic.

“We deliver fresh and ready to eat MPASI. Our experts also ensure that the product received is suitable for the baby’s needs,” Faiz continued.

Faiz is not alone, he has a co-founder named Ifatul Khasanah. Faiz has an educational and career background in engineering and marketing. While Ifatul is a food scientist who focuses on nutrition and child development. To accelerate the business, Bubays has also secured pre-seed funding from Antler worth 1.5 billion Rupiah.

Muhammad Faiz Ghifari and Ifatul Khasanah as Bubays founders / Bubays
Muhammad Faiz Ghifari and Ifatul Khasanah as Bubays founders / Bubays

Currently, Bubays only available around Jabodetabek. There are at least 100 customers are using the service. Nevertheless, they are quite optimistic that consumers will continue to grow. According to BKKBN data, there are at least 4.8 million babies born in Indonesia every year. Millennial trends that associates with busyness and high mobility also become an important point that is considered by the Bubays team to market their products – they need instant nutritious food solutions for their babies.

In Indonesia, it is quite easy to find SMEs who make food products for babies, from the small seller level to the producers with certain brands. Some of them also sell their merchandise through online channels, such as social media and online marketplaces. The easy ordering is kind of an added value that Bubays offer.


Original article is in Indonesian, translated by Kristin Siagian

Datasaur Receives More Funding, to Optimize Data Labeling Platform

The data labeling platform developer startup, Datasaur, has announced new funding worth $1 million or equivalent to 14.2 billion Rupiah. This is a same round with the last one with GDP Venture. There are some angel investors involved, one is Calvin French-Owen as Segment’s Co-Founder & CTO.

The fresh money will be used for platform capability, including minimizing bias on text labeling. As we all know, data labeling become one of the most crucial processes in the development of artificial intelligence (AI) based services, particularly in the natural language process (NLP).

Datasaur developed tools to support data labeling workers to be more productive and efficient. It includes to improve data privacy and security – in fact, most data labeling is done by outsourcing.

“Basically, we are now handling all kinds of NLP, including entity recognition, parts of speech, document labeling, coreference resolution, and dependency parsing. We’re to build intelligence into the system to make labeling process more efficient and accurate and allow the company to manage the data labeling team through a simple platform,” Datasaur’s Founder & CEO, Ivan Lee told DailySocial

Ivan Lee (middle) and Datasaur team / Datasaur
Ivan Lee (middle) and Datasaur team / Datasaur

Currently, the Datasaur team is participating in the Y Combinator acceleration program for the Winter 2020 batch in San Francisco. The company’s based in California and Indonesia.

NLP become the most AI technology-based implementation in Indonesia

AI is getting more popular as services that can automate several business processes emerged. One of the most widely used products is a chatbot, the corporation is busy using the platform to provide automatic replies to every message given by a customer. Some of them are BCA (chatbot name: Vira), Telkomsel (Veronika), BNI (Love) and others.

Behind the chatbot technology, there are a variety of AI tools applied, one of the most significant is NLP. Its function is to make the computer system understand t0ahe language and context written by the user. In fact, there are still many shortcomings in the current chatbot product, including the most fundamental which is the lack of vocabulary understanding. The impact on services that still feels very rigid, is as natural as the conversation between humans.

Advantages and challenges for chatbot implementation for business
Advantages and challenges for chatbot implementation for business

One of the results of labeling the data is used to train the machine (known as the concept of machine learning) in order to have a better understanding of language, by classifying certain words into groups that have been defined. Some of the scenarios carried out, for example, are continuously learning new words conveyed by the user.

“Despite all the hype, AI is a technology that is still being developed. Many companies are looking for best practices in their labeling process. The first generation solution is to outsource all the labeling work. Many companies are building ‘Mechanical Turk’, but for AI, ” Ivan explained.

He continued, “We now see companies identify that high-quality data is one of the most valuable assets to build and improve AI models. Datasaur is present as the next generation solution, we build software to improve best practices in data labeling, to help develop AI workflows company.”

Along with its development, the market share of AI-based products will continue to increase. Research projects that the global value will reach US$ 390 billion in 2025. For data labeling itself, on the global scene, there are several other services besides Datasaur that can help such as Labelbox, Cloudfactory, and even Google Cloud products are also releasing beta versions for AI Data Labeling Services.

Data labeling implementation scheme

Example of data labeling process in Datasaur
Example of data labeling process in Datasaur / Datasaur

By understanding the input data, there are many things that can be done. From the existing case studies, Datasaur helps companies to do various things, such as understanding contract documents, transcribing customer service conversations, analyzing product reviews, and detecting false news.

“Our software has been used to detect and mark suspicious fake news articles by the Indonesian government. A case study with one of our clients shows a 70% increase in labeling efficiency after adopting the Datasaur platform, and we still have more room to improve,” Ivan said.

Currently, the data labeling platform has been used by various business verticals, from the financial technology industry, health, customer service, social media to chatbot.

Revision from the previous article: this is not a follow on funding, still in a seed round similar with the last one from GDP Venture


Original article is in Indonesian, translated by Kristin Siagian

Bobobox Mission to Revolutionize User Experience in Staying

The more affordable cost and comfortable offers have encouraged capsule hotel or pods to become an alternative for tourists. This concept used to be for urgent matters, but recently, there are new concepts of pods that offer tech features.

Not only through the OTA platform, but the tech-based capsule hotel also started to offer solutions with the direct-to-consumer concept. One of the players in this industry is the Bandung based smart accommodation startup, Bobobox.

Following the trend

Smartphone usage to access the service
Smartphone usage to access the service

Bobobox is a graduate from India’s Sequoia accelerator program, Surge, that facilitates users with pods and has its own app. The app can help consumers for door access, adjusting brightness, security feature, Bluetooth speaker, and air conditioner.

This concept is claimed to distinguish Bobobox with other similar services.

“The world is moving fast now. Long working hours and high mobility have become a way of life. More people travel than before. […] At the same time, solving the economically saturated hotel industry unit is not easy. Through modularity and space efficiency, Bobobox generates more revenue per square meter,” Bobobox’s CEO Indra Gunawan told DailySocial.

In order to enjoy all services, users are required to use applications available on Google Play and the App Store. In addition to providing a seamless user experience, Bobobox also wants to change the habits of users enjoying their stay.

“We are quite proud of the current uniqueness. Starting from modular and pre-fabricated [easy to assemble]. Two unique independent units, and integrated with exclusive technology (such as smart booking, payment, check in / out),” Gunawan added.

Expansion and technology implementation

Bobobox located in Semarang
Bobobox located in Semarang

Bobobox is currently available in 8 locations across Bandung, Jakarta, and Semarang. This year, they are targeting to add 8 other locations in Indonesia and to serve around 100,000 users. The company also intends to add an internal team to accelerate growth.

The company has obtained Pre Series A funding from Alpha JWC Ventures, Genesia Ventures, and three other investors and initial funding from several investors, including Sequoia Capital India (Surge), Agaeti Ventures, and Everhaus.

“By prioritizing seamless and efficient user experience, we can run a business without spending large costs. Bobobox was established to address guests’ needs for an affordable, comfortable and comfortable sleep experience and the economic unit of the property owner,” Gunawan said.


Original article is in Indonesian, translated by Kristin Siagian

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Introducing Jumpstart, A Smart Vending Machine Startup for Coffee

The mushrooming coffee shops in every corner of the city in Indonesia reflects the high enthusiasm of coffee lovers. International Coffee Organization (ICO) listed Indonesian consumption of 60 kg/lb coffee at 4.6 million sachets in the 2016/2017 period, it’s in the 6th position of 10 most coffee consuming countries in the world.

Welcoming the high enthusiasm of local coffee, technology innovation is required to acquire consumers. A different concept of serving coffee offered by Jumpstart by launching a self-service smart vending machine.

Jumpstart’s Co-Founder (who don’t want to be named) told DailySocial about the company founded by 3 coffee lovers with much concern to the freshly brewed coffee at the office without having to come to the store and queue. This solution will be presented through the vending machine that is yet available in Indonesia.

He adopted the vending machine concept in the developed countries and adjust it to local needs. After some iteration process, the first Jumpstart vending machine is publicly presented in 2017.

“We need a year of preparation because we are yet to obtain data on Indonesian consumer habits. Therefore, conducted several tests, in terms of taste, ingredients, machine knowledge, everything is checked thoroughly in case of error,” he added.

Furthermore, Jumpstart machine is equipped with the internet of things (IoT) to manage all the coffeemaking processes to the procurement. The current technology facilitates the team to keep the quality of the coffee and its hygiene. Two times a week, there will be a team to clean and refill the empty stock.

Coffee is an art which to handle it, requires specific techniques, in terms of measuring, grinding, pressure, hot water temperature, and others. All of these things must have the right amount to provide the best quality. Therefore, he claims Jumpstart uses the freshly brewed method.

“We have a team of experts creating the menus. The types of coffee Indonesians like, most aren’t really like sour coffee, it tends to be sweet but strong [caffeine]. In terms of prices, it’s far more affordable than the ones at a coffee shop, we start from Rp10,000 to Rp15,000.”

jumpstart vending machine

In its development until today, Jumpstart has developed 20 menus not only coffee, but also non-coffee such as chocolate, matcha, and available in hot or cold.

Jumpstart’s Co-Founder avoids elaborating further on the distribution of the engine by far or the business model. Currently, they are operating only in Jakarta with a point of presence in offices, or public places such as malls, campuses, hospitals and so on.

Jumpstart competes with other coffee shop startup players which already adopt digital technologies such as Fore and Kopi Kenangan.

Appreciation for e-money platforms

Jumpstart real journey is not immediately providing e-money payment options. At first, the machine is taking cash for payment. He said the education process through an app is easier than cash, supported by several factors.

In fact, there are many consumers are yet to understand the concept of a vending machine, that everything is self-service. The habit is yet to built and insecurity hits hard.

steps jumpstart

For example, when paying in cash, there are many complications that ultimately hinder the intention of the buyer. Like, money should not be worn out, must provide the exact amount, must entering one by one and can not be all at once. When the error occurs, the buyer will be complaining because there are no guards.

“Since the presence of e-money players, everything is much more convenient. The process is quite helpful because we’re launching in time [along] with the e-money players.”

Future plans

He said Jumpstart plans to expand its presence to other big cities, including Bandung. Next, the company will release an application to facilitate ordering drinks.

“It is likely that when we expand, we will adjust the taste to suit the standard of each resident because each region has a different appetite.”

Not only selling through smart coffee machines at various points, the company also opens offline outlets like most other coffee shops. The outlet serves to serve buyers who order through online platforms as GoFood. The location is distributed around office buildings, malls, or public places.

Jumpstart‘s official site now accommodates online ordering.

Jumpstart has received funding from investors with undisclosed details. Jumpstart team is now around 40 people.


Original article is in Indonesian, translated by Kristin Siagian

9Lives Insurtech Startup Targeting Microinsurance by Launching “Asuransi Selfie”

Established in Indonesia since 2018 in mutual with PT Asuransi Wahana Tata (Aswata), the insurance technology (insurtech) company 9Lives strive to be relevant with microinsurance innovation. The latest one is when they launched Asuransi Selfie particularly to cover face injury. The product is expected to meet the target market, millennials especially women.

9Lives’ CEO, Keywon Kim told DailySocial that the additional product is expected to raise new users. Previously, the company has been providing Personal Accident and Travel Lite products.

“The selfie insurance is a unique product we developed for Indonesians. Particularly for face injury, there is currently no insurance cover for that. Therefore, we focus on face insurance, especially women.”

In addition to bank transfer and credit card, 9Lives also provides payment through GoPay digital wallet.

“For countries like Japan and Korea, products like this are widely used by celebrities, specifically for Indonesia we present selfie insurance products for people from various class,” Keywon said.

Not only the B2C segment, but B2B also includes in 9Lives’ target market by supporting a number of corporate clients in Greater Jakarta, Semarang, and Surabaya.

Facilitate marketing activities

Selfie Insurance options in the 9Lives app
Selfie Insurance options in the 9Lives app

In terms of marketing activities, 9Lives uses women influencer to try and help to promote their insurance product in public. The company claims the strategy is best to introduce its product to the expanding market. Although, market education is still rolling.

“Frequently asked question is whether this selfie insurance is only for beauty. For this reason, we emphasize that selfie insurance is the face protection when accidents are experienced by users,” Keywon said.

Regarding 9Lives’ plan to collaborate with beauty clinic or related parties, he kind of confirmed in the future. However, they are now focused on product knowledge and selfie insurance marketing.

The company is said to have completed the Pre Series A fundraising activity last year and this year if according to plan, will continue to raise the Series A phase.

Although starting a business in the B2B segment, 9Lives hopes that selfie insurance products can support the company’s efforts to penetrate the broader retail segment. The number of 9Lives’ registered users has now reached 50 thousand people.

“This year, our target is to increase user acquisition and to launch more massive marketing activities to the wider community related to all 9Lives insurance products,” Keywon concluded.

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iPrice Secures New Funding, Optimistic to Win Southeast Asia

The e-commerce aggregator platform iPrice Group announced new funding worth $10 million or equivalent to Rp141 billion. The series b round led by ACA Investment. Daiwa PI Partners and some previous investors also participated, such as LINE Ventures, and Mirae Asset-Naver Asia Growth Fund.

Using the fresh money, iPrice aims to be the leading online shopping platform companion in the region and e-commerce enabler for the super app. iPrice’s optimism can’t be separated from its achievement in 2019. They claimed a total of 5 million transactions and over 20 million visits per month.

“The e-commerce industry in Southeast Asia is at the stage we’ve seen very potential. iPrice group is to play an important role, especially with the comprehensive market share. This is the main entrance to the online shopping,” ACA Investment Pte Ltd’s Chief Investment Officer, Tomohiro Fujita said.

In Indonesia, there are existing services that provide price comparison features for e-commerce besides iPrice, including Telunjuk, PricePrice, Pricebook, and PriceArea.

With the predicted growth potential of e-commerce still growing, the presence of a price comparison service with complementary features is considered on-demand by the user. Especially the Indonesian people, including those who are sensitive to prices.

To go beyond the previous achievement

iPrice is currently trying to surpass what they have achieved so far. Not only as a search and price comparison product, but also as a service that provides a list of popular products, reviews from professionals, in-depth information about trading. In addition, iPrice also curates the best offers and deals every day.

“Within the last year, the challenge was quite severe for iPrice to become the price aggregate leader in Southeast Asia. Strengthening our partnership with big merchants and super apps help us to reach our position now and we will continue to be optimistic in order to continue being an e-commerce enabler in Southeast Asia in helping online shoppers and super apps get the best prices on their products,” a spokesman for iPrice Group told DailySocial.

iPrice said that they are currently focusing on increasing markets in countries that do not use English as their primary language. One way to do this in Indonesia is by strengthening partnerships, such as with Home Credit and Line Indonesia. They also tried to create more targeted products that match market needs.

What iPrice has done is claimed as an effort to provide the best experience for buyers.

“To pursue our next journey, we must be positioned where the consumers are. We have to involve users directly on our platform. Continuing our strong presence at Google because it remains an important first step for many buyers and enables partners in all regions such as media platforms, social media applications, all the super apps that appear to provide e-commerce content for their audience,” Co-Founder and CEO iPrice Group, David Chmelar said.


Original article is in Indonesian, translated by Kristin Siagian

ASLI ID and LoginID Introduce Biometric Authentication Platform for Digital Services

Try counting the apps on your mobile phone, from the existing app, how many accounts you have? With an average use of smartphones almost 4 hours per day, there is likely to be more than one membership-based app being used – such as social media, messaging apps, online shopping, and many more.

One characteristic in those apps is the authentication mode that requires users a password, some with a PIN. Some people might find it tedious and simply use one password for all, while according to experts, it’s kind of risky. In fact, having too many passwords is quite confusing.

The gap is seen by innovators as they create more efficient solution for the authentication system. One that is offered is biometric-based – the most popular ones are using fingerprint, eye retina or face recognition to open access to a service. One company that serves the product is ASLI RI.

“ASLI RI has eKYC verification services using biometric technology, optical character recognition (OCR), liveness detection and digital onboarding; all of our services are SaaS,” ASLI RI’s Co-Founder & COO, Rionald A. Soerjanto.

Recently they worked with LoginID, a company from Silicon Valley, to launch the AsliLoginID product. It’s called a Biometric-Authentication as a Service (BaaS) platform that has FIDO2 certification. This certification is one of the most stringent security standards today, internationally recognized and compatible with a variety of types of computing device operating systems.

“In this collaboration, LoginID has a FIDO2 Certified Server, one of the most capable and recognized types of security institutions in the world today, which is incorporated in FIDO Alliances. ASLI RI has biometric verification technology. We combined these two services to make it easy for application owners to apply safe biometric authentication models,” Soerjanto added.

In this strategic partnership, ASLI RI also provides investment to LoginID with details not mentioned.

FIDO encryption standardization

ASLI RI team in the AsliLoginID launching, with START conference by Tokopedia / ASLI RI
ASLI RI team in the AsliLoginID launching, with START conference by Tokopedia / ASLI RI

In most systems today, user data such as accounts and passwords are stored centrally on the server of the application provider. Even though it is encrypted, the fact that data theft occurred some times in digital services has quite a large user base – both locally and internationally. This problem is trying to be solved by the FIDO alliance with the released standardization, they don’t just place the authentication data centrally at one point.

LoginID’s Founder & CEO Simon Law explained, FIDO standardization uses public-private key encryption. The public key is placed on the server system of service, while the private key is placed on the chip of each device. If the service server got leaked, the public key can be revoked and reissued at any time. This model is considered to reduce security risks. Moreover, using biometrics, to access the device must really bring the device directly to users who have authority.

“You can ensure everything (processing and data centers) is local. We bring technology from Silicon Valley and apply it locally. When talking with FIDO2 Certified, this solution complies with GDPR (known as the hardest data privacy law from the European Union), PSD2, and Open Banking. AsliLoginID will automatically comply with the PDP Law, which is immediately released by the government,” he said.

As we know, the government is currently completing the draft Personal Data Protection Act (PDP Bill). Based on the draft as of December 2019, the PDP Bill contains 72 articles and 15 chapters governing the definition of personal data, types, ownership rights, processing, exceptions, controllers and processors, transmissions, authorized institutions that regulate personal data, and dispute resolution. In addition, it regulates international cooperation to sanctions imposed for misuse of personal data.

BaaS is designed to be ready for application, application development companies can integrate the AsliLoginID platform into their services, complementing existing authentication models – such as single sign-on with email accounts or social media. ASLI RI Team is quite optimistic that the login solution offered will be welcomed by consumers, especially smartphone devices that have a fingerprint or face recognition features in the market.

On the global scene, AsliLoginID solution is being sold by other technology companies. One that also targeting the Indonesian market is Element Inc. The New York-based company has received investment from GDP Ventures, Central Capital Ventures, MDI Ventures, Maloekoe Ventures, and several other investors.