fbpx
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Marketplaces & E-commerce
    • Ecosystem
    • Robotics
    • Investments
    • EdTech
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Investors’ interviews
    • Founders’ interviews
    • Product Launch
  • MORE
    • Events
    • Startups Advice
  • Submit an Article
  • REGISTER
  • login
No Result
View All Result
No Result
View All Result
Home Featured

East Ventures co-leads pre-seed funding in Bioma

Team AsiaTechDaily by Team AsiaTechDaily
05 October 2022
in Featured
0
Bioma
23
SHARES
Share on FacebookShare on Twitter
Bookmark (0)

Please login to bookmark

No account yet? Register

Indonesia-focused venture capital firm East Ventures announced that it has co-anchored, along with Init-6, the pre-Seed funding round in Product-as-a-Service startup Bioma.

The amount raised was not disclose but according to East Ventures’ announcement, Bioma will used the fresh capital to further expand its services.

Established early this year, Bioma is platform that provide customers access to higher quality goods, including a large assortment of products in the electronics, furniture, kitchen appliances, and mother & baby categories, with significant cost savings by offering a pay-per-use system.

Under the pay-per-use system, the customers will pay the fee based on the usage of the on-demand product, and the responsibility of the products is managed by Bioma.

It is very common for customers to constantly purchase costly items to be used for only a short time. Once the item is purchased, many customers also get tangled with the operation hassle, such as the maintenance or reparation of broken items, which in a lot of cases, leads to productivity loss.

The startup said its platform is used by an array of businesses in various sectors, from property to agriculture, and various sizes, from startups to large corporations. Bioma offers a rental marketplace of a broad range of physical assets that can be accessed through its website. Bioma continuously discovers more use-cases for the service, showing its wide-ranging possibilities and growth potential.

“Our solution allows the business to focus on the important aspects in allocating the resources, providing convenience and affordability that were not available previously,” said Arlo Erdaka, Chief Executive Officer of Bioma.

In the operational aspect, Bioma enables brands to become circular. Applying the same vision in enabling asset-light businesses, more than 90% of the inventory offered by Bioma is owned by third parties such as brands and individuals through a revenue-sharing model, with Bioma managing the operations end-to-end. Brands can thus expand into the rental market without building their rental supply chain.

Previous Post

ARCADE2BIT, web3-based game platform and Kaching, the rising game NFT marketplace in Indonesia sign MOU

Next Post

SG food delivery tech startup klikit raises $2m to help SE Asia’s restaurants

Related Posts

edit post
Bayo Pay
Featured

Malaysia’s Bayo Pay bags $2.4m in Series A round led by VentureTECH SBI

June 2, 2023
edit post
Oxalus
Blockchain

Blockchain startup Oxalus raises $1.1m for NFT social commerce expansion

June 2, 2023
edit post
Sleek CEO, Eric Kim at the East meets West Pitch competition
AI & Big Data

Sleek’s ‘Hifive’ Fitness Platform Triumphs at 2023 East Meets West Pitch Competition in Hawaii

June 2, 2023
edit post
WeGoWhere
Featured

500 Global leads $1.2m Seed funding in social networking startup WeGoWhere

June 1, 2023
edit post
Hybr1d
Featured

SG startup Hybr1d raises $3.2m, eyes global workforce management expansion

June 1, 2023
edit post
TRIREC
Clean Technology

TRIREC, INNOPOWER team up for $100m green energy fund

May 30, 2023
Next Post
edit post
klikit

SG food delivery tech startup klikit raises $2m to help SE Asia’s restaurants

Discussion about this post

No Result
View All Result

Follow Us

FREE NEWSLETTER




Copyright © 2023 AsiaTechDaily.com| About Us | Seed accelerator| Terms of Use| Privacy Policy| Cookie Policy Contact : [email protected] | DMCA.com Protection Status | trusted by Wimgo

No Result
View All Result
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Ecosystem
    • Marketplaces & E-commerce
    • Robotics
    • Investments
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Investors’ interviews
    • Founders’ interviews
    • Product Launch
  • MORE
    • Events
    • Startups Advice
  • Submit an Article
  • Forums
  • Jobs
  • REGISTER
  • Login

Copyright © 2023 AsiaTechDaily.com| About Us | Seed accelerator| Terms of Use| Privacy Policy| Cookie Policy Contact : [email protected] | DMCA.com Protection Status | trusted by Wimgo

We hope you enjoy our content, May you please give us Feedback regarding our website!

Single Post Feedback