Focusing on Indonesia’s E-Commerce Acceleration, SIRCLO Announces Triawan Munaf and Maurits Lalisang as New Commissioners

Left to right: Brian Marshal, Triawan Munaf, Maurits Lalisang

Jakarta, 7 October 2021—E-Commerce enabler SIRCLO today welcomed Triawan Munaf and Maurits Lalisang as the company’s new commissioners. Triawan and Maurits will join forces to support SIRCLO in developing its technological capabilities, as well as accelerating the digitisation process of MSMEs and enterprise-scale businesses throughout Indonesia. 

Brian Marshal, Founder and CEO of SIRCLO, expressed his pride and respect in welcoming the two prominent figures who have experience in accelerating the growth of established businesses in Indonesia, for over three decades.


“As the go-to figures behind the growth of multiple big companies in Indonesia, Mr. Triawan and Mr. Maurits share the same vision with SIRCLO, which is to help business players adapt and transition to the digital realm through the omnichannel strategy,” said Brian. “We look forward to learning from them and expanding the company’s positive social and economic impact in supporting the growth of businesses through e-commerce, for both MSMEs and enterprise businesses alike. Together, we hope to become a sustainable company that could shape the foundation of Indonesia’s digital economy and boost the nation’s economy in the long run.”

Triawan Munaf is a renowned figure and serial entrepreneur in Indonesia, who also has been a creative industry player from an early age. As a former President Commissioner of PT Garuda Indonesia Tbk. and the former Head of the Creative Economy Agency (BEKRAF), Triawan’s enthusiasm for building the technology industry in Indonesia is evident from his arrival to the leadership ranks of East Ventures as a Venture Advisor in February 2020. Recently, he was also appointed as President Commissioner and Independent Commissioner of PT Aviasi Wisata Indonesia Tbk.

Sharing the same vision with SIRCLO to help nurture Indonesian entrepreneurs, Triawan Munaf stated, “The need to carry out digital transformation has become inevitable for business players across various scales—and even more so for MSMEs, who are the primary drivers of our economy. I have seen how SIRCLO helps this segment substantially through various ideas and solutions. Hence, I believe that their capability would contribute to the exponential growth of Indonesian MSMEs. I am excited to join SIRCLO, as this is in line with my vision of increasing the added-value of various Creative Economy sub-sectors, most of which consist of MSMEs,” he added. 

Committed to advancing SIRCLO, Maurits Lalisang is a distinguished leader who has an excellent track record of four decades, namely 11 years as CEO and 6 years as President Commissioner in PT Unilever Indonesia Tbk., a prominent multinational company. Through his various breakthroughs and innovations, he has succeeded in strengthening Unilever’s position as the market leader in the Fast Moving Consumer Goods (FMCG) industry. Currently, he is serving as the President Commissioner of PT Multi Bintang Indonesia Tbk, Commissioner of PT ICI Paints Indonesia, Commissioner of PT Deltomed Laboratories and as a Partner of the Saratoga Group, an active investment company in Indonesia.

Cementing his support for the e-commerce industry that has grown rapidly in the last two years, Maurits said, “I am very proud to know SIRCLO, an e-commerce enabler company that empowers thousands of MSME and enterprises, which in turn will bring massive contribution to Indonesia’s economic growth. It is an honor to join the company, in the process of developing SIRCLO’s business in the future. I am optimistic that SIRCLO will become a sustainable company that is increasingly valuable, both in terms of business and its contribution to the Indonesian economy.”

Since its establishment in 2013, SIRCLO has continued to adapt to the landscape and various challenges of e-commerce in Indonesia. Currently, SIRCLO provides end-to-end enabler services to business owners, collaborates with various marketplaces, develops social commerce channels, and serves enterprise-scale clients. As of this year, SIRCLO has helped more than 100,000 brands to sell online, from individual entrepreneurs, MSMEs, to large companies.

***

About SIRCLO

Founded in 2013, SIRCLO is a leading e-commerce solution company in Indonesia that helps businesses sell online. SIRCLO offers solutions that are divided into 2 main categories; the entrepreneur and enterprise solutions. In the entrepreneur category, SIRCLO offers SIRCLO Store, an online store dashboard for SMEs to sell across 3 various platforms (website, marketplace, chat commerce) and IbuSibuk, a solution empowering communities of mothers as Key Opinion Leaders (KOL), micro-influencers and resellers. In the enterprise category, SIRCLO offers e-commerce enabler services through SIRCLO Commerce, a solution for omnichannel technology development through ICUBE by SIRCLO, a B2B2C platform selling Mom & Baby products through Sooplai, and Orami, a parenting platform that combines Commerce, Content & Community within one ecosystem.

Today SIRCLO has served more than 100.000 brands to grow their business online. SIRCLO’s solution has been trusted by local brands entailing ATS The Label, Evete Naturals, Namaste Organic, This Is April and Heytimmy Kidswear, as well as trusted by established brands such as Unilever, Reckitt, KAO, L’Oréal, and Levi’s. Located at the Green Office Park 1, The Breeze (BSD – Serpong), the company has 1.000 employees and representatives based in Jakarta, Bekasi, Bandung, Yogyakarta and Surabaya.

For more details about SIRCLO, visit www.sirclo.com.

Contact:

SIRCLO

Rini Hapsoro

Communications Manager

M: +62 878 757 710 80

E: rini@sirclo.com

Primaya Hospital and Ge Healthcare Celebrate 15th Anniversary of Their Strategic Partnership

Jakarta, 25 Agustus 2021 – Bertepatan dengan ulang tahun ke-15, GE Healthcare dan Primaya Hospital hari ini merayakan kerja sama strategis antara kedua belah pihak. Kerjasama GE Healthcare dan Primaya Hospital ditandai dengan instalasi state-of-the-art fasilitas kesehatan mumpuni di Primaya Hospital yang ditujukan sebagai komitmen untuk memberikan layanan kesehatan terbaik.

Primaya Hospital memiliki >75 layanan kesehatan dengan 4 layanan unggulan yang didukung oleh peralatan medis dengan teknologi mutakhir. Layanan unggulan yang disediakan oleh Primaya Hospital adalah Layanan Jantung & Pembuluh Darah, Layanan Kanker, Layanan Ibu & Anak, Layanan Trauma, serta Orthopedic, Spine, dan Sport Medicine. Terdapat >5.000 – 6.000 tindakan jantung dan pembuluh darah setiap tahunnya dengan tingkat kesuksesan >99,6% di tahun 2020. Khusus tindakan kanker, Primaya Hospital melayani >4.000 tindakan kanker (operasi dan kemoterapi) setiap tahunnya dengan tingkat kesuksesan 99% di tahun 2020. Primaya Hospital juga membantu >4.000 kelahiran anak setiap tahunnya serta diakui sebagai Trauma Center nomor 1 di Jawa Barat dan Kalimantan pada tahun 2020 oleh BPJS Ketenagakerjaan.

CEO Primaya Hospital, Leona A. Karnali mengatakan saat ini Primaya Hospital telah memiliki 14 cabang rumah sakit yang tersebar di Jakarta, Tangerang, Bekasi, Karawang, Sukabumi, Semarang, Pangkal Pinang, Palangkaraya, Makassar, dan Sorowako. Sejak mendirikan rumah sakit pertamanya yaitu Primaya Hospital Tangerang pada tahun 2006 lalu, Primaya Hospital memiliki visi yang jelas yaitu menjadi jaringan pelayanan kesehatan atau rumah sakit terkemuka berstandar internasional. Untuk itu, kami senantiasa mengupayakan pelayanan kesehatan secara profesional dengan penuh kepedulian. Primaya Hospital telah terakreditasi internasional oleh Joint Commission International (JCI) sebagai wujud komitmen dalam memberikan pelayanan terbaik dengan mengutamakan keamanan dan keselamatan pasien.

Dalam rangka memeringati ulang tahun ke-15, Primaya Hospital merayakan kerjasama atas dukungan strategis dari GE Healthcare selama ini. GE Healthcare sudah diakui dunia dalam hal teknologi dan solusi kesehatan bagi berbagai fasilitas kesehatan.

Ibu Leona menambahkan, “Kami sangat bangga bisa meningkatkan kualitas layanan kesehatan kami dengan ­state-of-the-art peralatan kesehatan dari GE Healthcare. Untuk memastikan mutu pelayanan medis yang baik, Primaya Hospital memiliki standar minimal peralatan di setiap cabang rumah sakit. Contohnya, di semua Primaya Hospital pasti kami memiliki CT Scan dari mulai Jakarta hingga pelosok daerah seperti Sorowako. Layanan-layanan tersebut semakin disempurnakan dengan peralatan canggih dari GE Healthcare. Saya berharap masyarakat dapat semakin memercayakan kebutuhan layanan kesehatannya di Primaya Hospital.”

Country Director GE Healthcare Indonesia Putty Kartika mengatakan, “Kami bangga dapat menyampaikan kerja sama dengan Primaya Hospital. Bagi GE Healthcare, kerja sama ini merupakan bagian dari komitmen untuk menyediakan teknologi dan solusi kesehatan ke rumah sakit di Indonesia dalam upaya meningkatkan kualitas, aksesibilitas, dan keterjangkauan layanan kesehatan di Indonesia. Melalui kerjasama ini, kami optimis masyarakat dapat memiliki akses kesehatan terbaik dengan lebih mudah dan terjangkau.”

Strategic Solution Manager GE Healthcare Indonesia, Yuda Hadiprodjo mengatakan,”Dukungan strategis yang diberikan oleh GE Healthcare antara lain berupa pelatihan bagi tenaga kesehatan di Primaya Hospital dan juga memastikan kualitas pelayanan servis yang terbaik. Dengan demikian, penggunaan peralatan mutakhir yang telah terpasang di Primaya Hospital dapat digunakan dengan tepat dan optimal. Selain itu, kami juga berkomitmen memberikan update terkait teknologi dan solusi kesehatan terdepan, sehingga kami dapat mendukung upaya Primaya Hospital untuk menjadi salah satu destinasi rumah sakit pilihan, baik di dalam negeri maupun internasional (medical tourism).

Beberapa fasilitas teknologi GE Healthcare yang sudah tersedia di Primaya Hospital adalah:

  1. Revolution Maxima yaitu alat pemindai (CT Scan) yang dapat menghasilkan gambaran dengan sangat baik, kinerja alat yang cepat, dan dapat mengakomodir berbagai macam pemeriksaan. Selain dosis radiasi yang rendah, CT Scan ini juga dirancang untuk memaksimalkan setiap langkah alur kerja, mulai dari memberikan rujukan hingga pelaporan dokter. Revolution Maxima yang terpasang di Primaya Hospital adalah Revolution Maxima pertama di Indonesia.
  • Selain Revolution Maxima, Primaya Hospital juga dilengkapi dengan berbagai peralatan dari GE Healthcare seperti MRI, USG, Cathlab, Treadmill jantung, C-arm, mesin anestesi, dan juga alat-alat penunjang Covid-19 lainnya seperti ventilator dan monitor pasien.

Tentang Primaya Hospital

Primaya Hospital Group adalah Rumah Sakit yang menyediakan standar pelayanan prima yang mengutamakan mutu keselamatan pasien. Kami memberikan layanan kesehatan yang menyeluruh untuk masyarakat Indonesia dan warga negara asing (WNA) dengan teknologi terbaik serta memberikan layanan pasien dengan jaminan perusahaan, asuransi, BPJS, dan pembayaran pribadi. Untuk menjangkau kebutuhan kesehatan masyarakat, Primaya Hospital Group tersebar di wilayah dan kota-kota besar di Indonesia dengan lokasi strategis dan mudah diakses sehingga kebutuhan masyarakat akan layanan kesehatan dapat terpenuhi dengan baik. Kami memiliki layanan unggulan bagi para pasien yaitu pusat layanan jantung dan pembuluh darah, layanan ibu dan anak, layanan trauma, serta layanan kanker. Primaya Hospital Group memiliki fasilitas pelayanan yang lengkap diantaranya layanan Gawat Darurat, Radiologi, Laboratorium, dan Farmasi yang hadir selama 24 jam. Selain itu, kami memiliki area parkir yang luas, ruang edukasi pasien, ruang poli yang nyaman, ruang laktasi, ATM Center, Musholla, WiFi untuk keluarga pasien, kantin, dan area lobi yang nyaman.

 

Tentang GE Healthcare

GE Healthcare adalah merupakan bisnis kesehatan dari GE (NYSE:GE) senilai USD 19 miliar. Sebagai penyedia alat pencitraan medis terkemuka, monitoring, teknolgi biomanufaktur, sel dan  gen. Teknologi dari GE Healthcare memungkinkan diagnostik yang tepat, terapi dan monitoring melalui peralatan canggih, data analis, aplikasi dan layanan. Dengan pengalaman lebih dari 100 tahun di industri kesehatan dan didukung oleh lebih dari 50.000 karyawan, GE Healthcare membantu memperbaiki layanan kesehatan secara lebih efektif bagi pasien, penyedia layanan kesehatan, serta perusahaan riset, dan life science di seluruh dunia.

Bergabunglah bersama kami di  FacebookLinkedInTwitter dan The Pulse  untuk informasi terbaru, atau kunjungi  website kami  www.gehealthcare.com untuk informasi lebih lanjut. 

Media contact:

Indra Dwi Sunda Indonesia Marketing Communication Leader GE Healthcare Indonesia +628119208279Hanie Dewita Head of Digital, Marketing Communication & Services Primaya Hospital +6287880459094 / hanie.dewita@primayahospital.com

Ika Pramono

Associate Director

Inke Maris & Associates

+628561050478/ika.pramono@inkemaris.com

Primaya Hospital Sukabumi: Providing Excellent Public Healthcare Services

Sukabumi, 16 September 2021 – Primaya Hospital Group berkomitmen untuk memenuhi kebutuhan layanan kesehatan bagi masyarakat dengan membuka salah satu cabangnya di Primaya Hospital Sukabumi pada bulan Mei 2021 untuk menjangkau masyarakat wilayah Sukabumi dan sekitarnya.

Menurut Leona A. Karnali (CEO Primaya Hospital Group), Primaya Hospital Sukabumi merupakan salah satu cabang rumah sakit Primaya Hospital Group dimana saat ini Primaya Hospital Group telah memiliki 14 cabang di Tangerang, Pasar Kemis, Evasari Jakarta, CIkini Jakarta, Bekasi Barat, Bekasi Timur, Bekasi Utara, Karawang, Makassar, Palangkaraya, Sorowako, Pangkal Pinang, Sukabumi, dan Semarang.

Leona A. Karnali (CEO Primaya Hospital Group) mengatakan bahwa banyaknya populasi produktif dan pekerja di Sukabumi menjadi salah satu motivasi Primaya Hospital untuk mengembangkan berbagai layanan seperti jantung dan pembuluh darah, ibu dan anak, serta ortopedi.

Sejak Mei 2021, Primaya Hospital Sukabumi telah beroperasi melayani masyarakat Sukabumi dan sekitarnya dengan 100 bed rawat inap yang didukung oleh dokter spesialis dan tenaga keperawatan bersertifikasi. Saat ini, Primaya Hospital Sukabumi telah memiliki 14 layanan Kesehatan yang terdiri dari Penyakit Dalam, Anak, Obgyn, Bedah Umum, Orthopedi, Urologi, Bedah Saraf, THT, Mata, Kulit dan Kelamin, Jantung dan Pembuluh Darah, Saraf, Rehabilitasi Medik, serta Gigi dan Mulut.

Seluruh layanan tersebut didukung oleh layanan dan peralatan medis terkini; mulai dari CT Scan (Computerized Tomography) 128 slice, Hemodialisa, USG 4D untuk Kehamilan. Laparoskopi (Bedah Minim Sayatan), X Ray, Panoramik (Rontgen Gigi), dan berbagai teknologi lainnya.

“Primaya Hospital Sukabumi dapat menangani berbagai kasus cidera atau trauma dari kepala sampai kaki, kasus kelainan otot, tulang, sendi, tumor, dan dapat memantau berbagai penyakit seperyi jantung dan kanker,” ujar dr. Lisbeth Mariane Br. Siahaan, MARS, Direktur Primaya Hospital Sukabumi.

Primaya Hospital Sukabumi juga memiliki layanan penunjang lainnya seperti Pelayanan Instalasi Gawat Darurat dan Ambulance gratis 24 jam dalam jangkauan 5 km dari rumah sakit, Medical Check Up, Kamar Operasi berupa ruang pembedahan terbaik dengan tekanan negatif dalam menyikapi era pandemi saat ini, Ruang Intensive Coronary Care Unit (ICCU), Ruang Intensive Care Unit (ICU), Neonatal Intensive Care Unit (NICU), Pediatric Intensive Care Unit (PICU), Fisioterapi, Laboratorium 24 jam, Homecare, dan layanan Telemedicine (konsultasi online).

Seluruh layanan tersebut kami berikan dengan berbagai pilihan alternatif pembayaran; mulai dari pembayaran pribadi, asuransi, tanggungan perusahaan, BPJS Ketenagakerjaan dan kedepannya kami siap bekerjasama dengan BPJS Kesehatan untuk memberikan kemudahan pasien yang memiliki jaminan BPJS Kesehatan.

“Di Primaya Hospital Sukabumi, masyarakat tidak perlu khawatir untuk datang berobat karena kami melakukan screening dan pemisahan alur baik untuk pasien yang datang berkonsultasi maupun pasien yang datang untuk dirawat,” ujar dr. Lisbeth Mariane Br. Siahaan, MARS, Direktur Primaya Hospital Sukabumi.

Walaupun disebut sebagai Rumah Sakit, Leona A. Karnali (CEO Primaya Hospital Group) mengatakan bahwa sebetulnya tujuan Primaya Hospital adalah untuk membuat orang sehat. “Maka dari itu, selain melakukan pengobatan (kuratif dan rehabilitatif), kami juga melakukan berbagai kegiatan promotif preventif dengan melakukan berbagai edukasi kepada masyarakat. Untuk mendeteksi awal, kami juga memiliki berbagai layanan medical check up; khususnya untuk pekerja, wanita, diabetes, ginjal, dan jantung,” ujar Leona A. Karnali (CEO Primaya Hospital Group).

Primaya Hospital Sukabumi beroperasi sejalan dengan visi dan misi Primaya Hospital Group yaitu untuk menjadi jaringan pelayanan kesehatan berstandar internasional dengan penuh kepedulian. Adapun nilai-nilai perusahaan yang selalu diterapkan oleh seluruh tim Primaya Hospital Group adalah PRIMA yang terdiri dari (P) Profesional, (R) Rapih, (I) Ibadah, (M) Mendengarkan dan (A) Asertif.

Sesuai dengan slogan Primaya Hospital Group yaitu Here For You, kami akan selalu ada dan siap melayani Anda dengan memberikan pelayanan yang terbaik dan semangat kerja yang tinggi sehingga dapat menyelesaikan pekerjaan hingga tuntas.

Untuk informasi dan pendaftaran rawat jalan, Anda dapat mengunjungi website www.primayahospital.com, whatsapp di nomor +62 822-8888-9702, atau call center Primaya Hospital Sukabumi di 0266 – 22 1166. Bagi Anda yang memerlukan layanan emergency 24 jam dapat langsung menghubungi Instalasi Gawat Darurat (IGD) di 0266 – 248 2255 dan layanan Ambulance di 0266 – 22 6363.

“Semoga kehadiran Primaya Hospital Sukabumi ini dapat mendukung perekonomian dan peningkatan kesejahteraan masyarakat di Sukabumi dan sekitarnya. Terima kasih atas kerjasama dan dukungan dari Bapak Bupati, Dinas Kesehatan, Asosiasi Kedokteran dan berbagai pihak pemerintahan dan komunitas medis. Semoga ke depannya Primaya Hospital Sukabumi dapat maju bersama masyarakat Sukabumi,” ujar Leona A. Karnali (CEO Primaya Hospital Group).


Primaya Hospital Group adalah Rumah Sakit yang menyediakan standar pelayanan prima yang mengutamakan mutu keselamatan pasien. Kami memberikan layanan kesehatan yang menyeluruh untuk masyarakat Indonesia dan warga negara asing (WNA) dengan teknologi terbaik serta memberikan layanan pasien dengan jaminan perusahaan, asuransi, BPJS, dan pembayaran pribadi. Untuk menjangkau kebutuhan kesehatan masyarakat, Primaya Hospital Group tersebar di wilayah dan kota-kota besar di Indonesia dengan lokasi strategis dan mudah diakses sehingga kebutuhan masyarakat akan layanan kesehatan dapat terpenuhi dengan baik. Kami memiliki layanan unggulan bagi para pasien yaitu pusat layanan jantung dan pembuluh darah, layanan ibu dan anak, layanan trauma, serta layanan kanker. Primaya Hospital Group memiliki fasilitas pelayanan yang lengkap diantaranya layanan Gawat Darurat, Radiologi, Laboratorium, dan Farmasi yang hadir selama 24 jam. Selain itu, kami memiliki area parkir yang luas, ruang edukasi pasien, ruang poli yang nyaman, ruang laktasi, ATM Center, Musholla, WiFi untuk keluarga pasien, kantin, dan area lobi yang nyaman.

Untuk informasi lebih lanjut, silahkan menghubungi:
Hanie Dewita (Hanie)
Head of Marketing and Corporate Communication
Primaya Hospital Group
HP : 0878 8045 90 94
Tel : (021) 421 7746
Email : hanie.dewita@primayahospital.com

eWTP Fund enters Indonesia with insurtech startup, Fuse, as the 1st deal

  • eWTP Technology and Investment Fund was initiated to support startups in emerging markets
  • Also participating in this extended Series B round are the leading fintech investor CE Innovation Capital and Indonesia’s leading active investment company, PT Saratoga Investama Sedaya Tbk. The fund will be used for Fuse’s further expansion in Southeast Asia

Jakarta, September 16, 2021 – Indonesia’s largest insurtech startup by Gross Written Premium (GWP), Fuse, announces eWTP Technology and Investment Fund, CE Innovation Capital (CEIC), and PT Saratoga Investama Sedaya Tbk. (Saratoga) have joined as investors in the extended Series B round.

Last month, Fuse secured funding led by GGV Capital with participation from existing investors, including East Ventures (Growth Fund), SMDV, Golden Gate Ventures, Heyokha Brothers, Emtek, and others.

eWTP Technology and Investment Fund (eWTP) aims to tap startup opportunities in emerging markets. The $600 million fund was setup in 2018 and have investments in India, Vietnam, and Thailand. Fuse is eWTP’s first foray into Indonesia, Southeast Asia’s largest economy.

“As a leading insurtech player in Indonesia, Fuse has a unique value proposition that empowers traditional sales channels by connecting numerous and scattered insurers with a large agent network, providing agents/brokers with a comprehensive lineup of insurance products. In addition, Fuse has the demonstrated an ability to leverage new and innovative insurance products from the other countries to create a distinctive competitive advantage. As such, we see Fuse as a strong regional player in South East Asia in the near future,” said Jiang Dawei, Partner and CFO of eWTP.

Fuse was founded in 2017 and operated by two industry veterans, Andy Yeung and Ivan Sunandar. It has acquired more than 60,000 agent/broker partners and partnership with more than 30 insurance companies on the grounds, with more than 300 insurance products on the platform.

Its total Gross Written Premium (GWP) exceeded $50 million (Rp720 billion) in 2020, making it the largest insurtech company in Indonesia.  Fuse seeks to address the trust concerns of 97% of Indonesians who are still uninsured.

“Fuse has strong competitive edges in omni-channel distribution and tech innovation. The company is also precisely positioned with its ‘To Agent’ model that largely enhances the efficiency of the whole insurance supply chain in a digital and innovative way, which we believe is the right track to scale up the business in the long run. Given the relatively low penetration of insurance products in the country, promising population growth prospect, and the increasing demand from customers post the pandemic, we have full confidence in Fuse’s next phase of growth,” said Xiaolin Zheng, Partner of CEIC.

“Investing in Fuse is a great opportunity for Saratoga to strengthen our portfolio in the digital technology sector. The sector shows great potential for growth, driven by the rapid development in digital technology usage and financial inclusion in Indonesia. As a leading insurtech player in the country, Fuse could provide better solutions and accessibility for people in choosing the right insurance product,” said Michael W.P. Soeryadjaya, President Director of Saratoga.

Andy Yeung, CEO of Fuse, said, “We are excited to get eWTP, CEIC, and Saratoga on board as they are all leaders in their respective areas. We are looking forward to those invaluable experiences they gained and shared by them.”

About Fuse

Founded in 2017, Fuse being a pioneer to deploy mobile technology platform to revolutionize insurance distribution channel for improving efficiency and experience to end customer, We launched our first-of-its kind mobile app Fuse Pro in 2018 to “enable” agent/broker partners for closing insurance policy instantly and easily with their customers. We are also the first mover on supporting digital/e-commerce channel like Tokopedia for launching their first transactional top-up micro insurance product back to 2018. We have more than 460 teammates, with 28 branch offices across Indonesia, Vietnam and China, to support our local insurance companies and distribution partners to serve their customers better.

Media contact: PR@fuse.co.id

About eWTP Technology and Investment Fund

eWTP Tech Innovation Fund was established in May 2018 with the mission to promote innovation by startups in the emerging markets. With a size of 600 million USD, it targets companies in key markets that are achieving globalization through technological innovation. In addition to exploring opportunities within China that leverages Chinese innovation and experience to overseas markets, eWTP is also active in regions such as the SEA and the Middle East.

About  CE Innovation Capital

Founded in 2016, CE Innovation Capital (“CEIC”) is a $1 billion venture fund investing in fintech, enterprise solutions and technology companies globally. The Fund was named “Top 9 Fintech Unicorn Investors” globally by CB Insights and listed on “Most Active Fintech Investors 2019” by Financial Technology Partners. The fund was also nominated for “Top Fintech Equity Investor” Award at LendIt USA Annual Conference.

Website: http://en.ceinnovationcap.com/

About PT Saratoga Investama Sedaya, Tbk.

Founded in 1997, PT Saratoga Investama Sedaya, Tbk. (Saratoga, ticker code: SRTG) is a leading active investment company in Indonesia. Saratoga plays an active role in managing investee companies and exploring investment opportunities in Indonesia.

Saratoga focuses on investment opportunities in the early stages and growth, and in special situation with a focus on sectors that support economic growth in Indonesia such as consumers, infrastructure, and natural resources.

Saratoga’s vision is to continue to be a leading active investment company and become the partner of choice for local and foreign investors looking to participate in the dynamics of Indonesia’s economic growth.

For further information please visit: www.saratoga-investama.com.

SIRCLO Announces US$36 Million Funding Led By East Ventures and Saratoga

  • SIRCLO received funding worth US$36 Million led by East Ventures and Saratoga with participation from Traveloka and other investors.
  • SIRCLO is positively accelerated throughout the pandemic, gained momentum to improve unit economics, and is on its way to profitability.

Jakarta, 10 September 2021 — E-commerce company SIRCLO today announces its funding round worth US$36 million (approximately IDR 515 billion), which was led by East Ventures (Growth Fund) and PT Saratoga Investama Sedaya Tbk. (Saratoga), with participation from Traveloka, Sinar Mas Land, as well as other investors. The funding aims to further develop SIRCLO’s technological capabilities and accelerate the retail digitalization for various businesses all across Indonesia.

“We are grateful for the support from all of our investors, who have participated in this funding round. With this new funding, we plan on building our momentum as consumer spending in e-commerce has picked up during the pandemic and beyond. We are staying true to our mission of helping brands sell online using the omnichannel approach. Their success stories in extracting more value in our ecosystem propels our rapid growth even further as we continue to make significant upgrades to our solution offerings to future-proof the success of our clients,” said Brian Marshal, Founder and Chief Executive Officer of SIRCLO.

With the new funding, SIRCLO plans to develop its technology infrastructure and expand the services it offers to business owners. The company has developed the Software-as-a-Service platform called SIRCLO Store, to help brands sell online through multiple channels in a single access, such as websites, marketplaces, and conversation (chat) commerce. SIRCLO Store’s capabilities continue to be developed with the omnichannel approach, hence making it easier for brand owners to reach consumers from multiple online sales channels in Indonesia.

Moreover, SIRCLO expands the technology capabilities for clients by offering a dashboard that is capable of providing real-time data analytics across multiple channels. In its Online-To-Offline (O2O) initiatives, the company is developing a financing solution aimed at encouraging MSME players to be more confident in competing with larger-scale retail players.

President Director of PT Saratoga Investama Sedaya Tbk., Michael W.P. Soeryadjaya, said, “This investment is an excellent opportunity for Saratoga to strengthen our portfolio in the digital technology sector and provide a solid foothold to capitalize on Indonesia’s rapidly-growing e-commerce market, driven by favorable demographics and the rise of MSMEs.”

The e-commerce industry in Indonesia has grown in multitudes since the COVID-19 pandemic. Almost half of Indonesia’s population uses digital technology for their daily needs, which shows great potential for growth. “In line with Saratoga’s vision, through our investment in SIRCLO, we can help strengthen Indonesia’s economic recovery by developing a technological infrastructure that can launch and equip MSMEs businesses in Indonesia to succeed in today’s digital era,” added Michael.

SIRCLO took part in the country’s national economic recovery program by launching an initiative to support the digitization of MSMEs, which is called #MerdekaJualanOnline (Freedom to Sell Online). Through the program, SIRCLO provides integrated technology solutions for online store management through SIRCLO Store, as well as training modules for the use of its dashboard to MSME facilitators. Last July, Orami, the subsidiary company of SIRCLO, also launched “IbuSibuk”—a digital economic empowerment program for mothers, specifically for those who are passionate about entrepreneurship.

SIRCLO’s solution for MSMEs is similar to what Shopify is doing in the global market. Yet in addition to that, SIRCLO has been adapting to the unique landscape and challenges of e-commerce in Indonesia. SIRCLO provides end-to-end merchant enablement services, works with various marketplaces, expands to social commerce, and also caters to enterprise clients.

“SIRCLO is a classic story of a startup running a marathon. Founded in 2013, we think that SIRCLO was ahead of its time. But we have a strong conviction as to how the founding team stays true to their vision. COVID-19 crisis has made them stronger; revenue hit record high at hundreds of million dollars and the company is near profitable. We are glad to be part of their journey in the past, double down in this round and look forward to an exciting future,” said Willson Cuaca, Co-Founder and Managing Partner of East Ventures.

During the pandemic, SIRCLO recorded a fivefold increase in transactions, which was propelled by the shifting consumer behavior amid the COVID-19 pandemic. Up to this year, SIRCLO has helped more than 100,000 brands of all sizes to sell online, from individual entrepreneurs, MSMEs, to big enterprises.


About SIRCLO

Founded in 2013, SIRCLO is a leading e-commerce solution company in Indonesia that helps businesses sell online. SIRCLO offers solutions that are divided into 2 main categories; the entrepreneur and enterprise solutions. In the entrepreneur category, SIRCLO offers SIRCLO Store, an online store dashboard for SMEs to sell across 3 various platforms (website, marketplace, chat commerce) and IbuSibuk, a solution empowering communities of mothers as KOL, micro-influencers and resellers. In the enterprise category, SIRCLO offers e-commerce enabler services through SIRCLO Commerce, a solution for omnichannel technology development through ICUBE by SIRCLO, a B2B2C platform selling Mom & Baby products through Sooplai, and Orami, a parenting platform that combines Commerce, Content & Community within one ecosystem.

Today, SIRCLO has served more than 100.000 brands to grow their business online. SIRCLO’s solution has been trusted by local brands entailing ATS The Label, Evete Naturals, Namaste Organic, This Is April and Heytimmy Kidswear, as well as trusted by multinational brands such as Unilever, Reckitt, KAO, L’Oréal, and Levi’s. Located at the Green Office Park 1, The Breeze (BSD – Serpong), the company has 1.000 employees and representatives based in Jakarta, Bekasi, Bandung, Yogyakarta and Surabaya.

For more details about SIRCLO, visit www.sirclo.com.

Contact:
SIRCLO
Rini Hapsoro
Communications Manager
M: +62 878 757 710 80
E: rini@sirclo.com

Saratoga NAV Reached IDR 46.5 Trillion in Semester I-2021

Jakarta, July 29, 2021  PT Saratoga Investama Sedaya Tbk (stock code: SRTG) reached a net asset value (NAV) of IDR 46.5 trillion in semester I-2021. This value increased from NAV at the end of 2020 of IDR 31.7 trillion. The company also recorded a net profit – attributed to owners of the parent entity – of IDR 15.3 trillion, compared to a net loss of IDR 2.1 trillion in semester I-2020.

Saratoga President Director Michael Soeryadjaya said that the success of our portfolio companies in maintaining a resilient performance in 2021 has increased the value of Saratoga’s portfolio. The positive performance is also accompanied by their consistent dividend distributions, which further strengthened Saratoga’s business fundamentals.

“The rising share price performance of our portfolio companies has supported Saratoga’s NAV growth during semester I-2021. This is proof that Saratoga’s portfolio companies are able to stay resilient during this pandemic,” said Michael, in an official statement in Jakarta, on Thursday (29/7).

Saratoga’s NAV growth in semester I-2021 was due to appreciation in share price of several portfolio companies; mainly contributed by PT Tower Bersama Infrastructure Tbk (stock code: TBIG), PT Merdeka Copper Gold Tbk (stock code: MDKA), PT Mitra Pinasthika Mustika Tbk (stock code: MPMX), and PT Provident Agro Tbk (stock code: PALM).

Saratoga also posted dividend income of IDR 866 billion in semester I-2021, an increase of 35.3 percent, from IDR 640 billion during the same period in the previous year. This dividend income is mainly contributed by PT Adaro Energy Tbk. (ADRO), TBIG, and MPMX.

Michael added that Saratoga will continue to implement a diversification strategy in deploying investments and disciplined financial management to maintain long-term business sustainability. Debt and cost ratios will continue to be managed and maintained at an efficient level. Currently, annualized operating costs to NAV is at 0.4 percent with loan to value at 5.7 percent.

Saratoga Investment Director Devin Wirawan explained that in semester I-2021, Saratoga continued to encourage portfolio companies to expand their business into new regions. For example, Primaya Hospital – under PT Famon Awal Bros Sedaya – has opened three new hospitals since the start of the year. The three hospitals were Primaya Hospital Bhakti Wara in Pangkal Pinang-Bangka Belitung, Primaya Hospital Sukabumi in West Java, and Primaya Hospital Pasar Kemis in Tangerang-Banten.

“The launch of these three new hospitals adds to Primaya Hospital’s existing operational assets, bringing them to 12 hospitals by end of semester I-2021. This expansion is also part of Saratoga’s initiative in supporting the government’s efforts to provide the best healthcare service amid the ongoing pandemic,” he said.

Devin also explained that one of Saratoga’s strategic portfolio companies, MDKA, has further strengthened its long-term business fundamentals. He revealed that the latest drilling test from the Tujuh Bukit Copper Project in Banyuwangi resulted in a significant intercept of copper and gold.

MDKA has also completed a feasibility study for the Acid, Iron, Metal (AIM) Project, which is projected to have a net present value (NPV) of IDR 5.8 trillion. The AIM Project is operated by Merdeka Tsingshan Indonesia (80 percent MDKA, 20 percent Tsingshan) and located in the Indonesia Morowali Industrial Park in Morowali Regency, Central Sulawesi. Construction has begun in quarter II-2021 and production is targeted to start in quarter II-2022.

Amid rising demand in the logistics sector, Devin said that Saratoga’s portfolio company, MGM Bosco Logistics, is currently constructing the second phase of its cold-storage facility in Bekasi. The new facility is expected to start operating in quarter IV-2021.

“Saratoga will continue to assist all of our portfolio companies in exploring new opportunities and growing their business value. We are also open to new investment opportunities, including in the technology sector, which is now growing rapidly in Indonesia,” Devin stated.

INVESTMENT COMPANY PERFORMANCE

PT TOWER BERSAMA INFRASTRUCTURE TBK

In April 2021, the company completed the sale and purchase transaction as well as transfer of 3,000 towers from PT Inti Bangun Sejahtera Tbk (IBST) for a total value of IDR 4.0 trillion. The transaction was funded by internal funds and existing bank facilities. In the same month, TBIG also issued a IDR 970 billion bond, which will mature in 2022 at an interest rate of 5.50 percent.

PT MERDEKA COPPER GOLD TBK

In this semester, MDKA completed a feasibility study for the Acid, Iron, Metal (AIM) Project. With an estimated project capital cost of US$290 million or IDR 4.2 trillion, the AIM Project is estimated to have an NPV of US$407 million or IDR 5.8 trillion. Merdeka Tsingshan Indonesia (80 percent MDKA, 20 percent Tsingshan) operates the AIM Project, which started construction in quarter II-2021 with a target production date in quarter IV-2022.

PT DELTOMED LABORATORIES

Deltomed has launched Antangin Goodnight and Antangin Habbatussauda. Antangin Good Night is a herbal supplement that helps improve sleep quality, while Antangin Habbatussauda helps treat cold symptoms along with boosting the immune system. Deltomed achieved double-digit revenue growth this semester supported by the launching of Antangin Habbatussauda.

MGM BOSCO LOGISTICS

MGM Bosco Logistics is currently constructing the second phase of its cold-storage facility in Bekasi. The new facility is aimed to begin operations in quarter IV-2021.

PT ADARO ENERGY TBK

Newcastle coal price continued to strengthen from US$60 per ton at the end of 2020 to US$130 per ton at the end of semester I-2021, driven by limited global supply and increasing volume of demand, especially from China’s electricity needs.

PT MITRA PINASTHIKA MUSTIKA TBK

The ongoing economic recovery has had a positive impact on MPMX. The company revised its 2021 revenue projection to grow by 20-25 percent, compared to the initial projection of 10-15 percent. Meanwhile, the Net Profit After Tax (NPAT) in 2021 is projected to reach more than IDR 300 billion. MPMX’s optimism is supported by recovery in national motorcycle sales, which grew by 30 percent during semester I-2021 to 2.5 million units, from 1.9 million units in semester I-2020. The Association of Indonesia Motorcycle Industry estimates motorcycle sales will reach 4.3-4.6 million units by the end of the year, compared to sales in 2020 which reached 3.7 million units.

PT ANEKA GAS INDUSTRI TBK

In March 2021, AGII completed the acquisition of two business units from PT Samator and added IDR 600 billion worth of assets. In May 2021, AGII signed a 12-year contract with PT Timah Tbk (TINS) to build a plant that will supply industrial gas needed for a tin refining smelter in Muntok City, West Bangka Regency – Province of Bangka Belitung Islands. The smelter will be fully operational in 2022.

PT FAMON AWAL BROS SEDAYA

PT Famon Awal Bros Sedaya (Primaya Hospital) launched three new hospitals in the first half of this year in Pangkal Pinang, Sukabumi, and Pasar Kemis. Primaya is planning to launch two more hospitals in semester II-2021. Primaya Hospital will continue to support the government’s efforts in providing the best healthcare service amid the ongoing pandemic

**End**

About PT Saratoga Investama Sedaya, Tbk. 

Founded in 1997, PT Saratoga Investama Sedaya, Tbk. (Saratoga, ticker code: SRTG) is a leading active investment company in Indonesia. Saratoga plays an active role in managing investee companies and exploring investment opportunities in Indonesia.

Saratoga focuses on investment opportunities in the early stages and growth, and in special situation with a focus on sectors that support economic growth in Indonesia such as consumers, infrastructure, and natural resources.

Saratoga’s vision is to continue to be a leading active investment company and become the partner of choice for local and foreign investors looking to participate in the dynamics of Indonesia’s economic growth.

For further information please visit: www.saratoga-investama.com.

Or contact:

General:                                                                  Financials:

Corporate Secretary                                                    Investor Relations

corporate.secretary@saratoga-investama.com                  investor.relations@saratoga-investama.com