INVEST
WITH BIC
BIC seeks out and offers investment opportunities with operating businesses and startups that are aligned to the New Paradigm.
INVESTMENT SECTORS
Waste – Tech – Agritech
RASSA
Rassa (Indonesia) was established in 2022 with the ethos of tackling waste production of ‘good’ products at FMCG level. Rassa provides a solution to redistribute the nearly expired, overproduced and misplanned FMCG products that would end up in landfills by actively selling these ‘good’ products through their channels to the B2B and B2C market at an extremely attractive price.
WHY WE CHOSE IT
- Indonesia is the 2nd largest food loss and waste generator in the world and most of the food loss and waste is generated before it is consumed.
- Global FMCG players have identified many ‘good’ food & non-food products go to waste and end up in landfills.
- The Indonesian middle class is growing, resulting in more disposable income and in the end an increase in consumer spending
- Strong Fouding Team:Paris Turnip has previous experiences as consultant at PWC and Head of Operations at Beedoor (part of Bukalapak), Charisma Fardan (10 years at EY as Account and Finance Manager/ Senior) and Radityo Garry (Business development experiences at Shopee, Tokopedia and Sayurbox).
- Early Adopters: Rassa has generated their initial traction by selling through established marketplaces and their own website. The startup is in talks and has already secured several trade agreements with large FMCG players (principals) for supply of products and to mitigate their waste generation.
IMPACT
Waste Management, Environment, Local Economy
BIONIQA
BioniQa is a bio-technology company that has a mission to decarbonise the world starting from Jakarta. Bioniqa has developed a groundbreaking algae-based carbon capture technology that efficiently absorbs CO2 emissions from the atmosphere. This a main solution is to improve air quality with a hyperlocalisational focus
Microalgae are small, aquatic organisms that are found in freshwater and marine environments. These microalgae have major growth potential since it can multiply in a matter of hours in the company’s lab. Per 100 liters of spirulina in BioniQA’s photobioreactor can absorb as much as 2,000 kilograms (2 tons) of CO2 per year. Bioniqa’s device can be seamlessly integrated into various industrial processes, helping businesses reduce their carbon footprint and contribute to a greener planet.
WHY WE CHOSE IT
- Indonesia is the 11th largest emitter in the world, we need a hyperlocal solution to solve this problem and we believe BioniAa can do that, one photobioreactor at a time.
- Strong founders: Rama Raditya and Andre Hutagalung are experienced Co-Founders. They have been building startups since 2012 with one exit and the other successfully raised up to Series B before hitting profitability.
- Early Adaptors: several individuals and schools have bought the device already. Other Individuals and real estate companies have shown interest. Also, BioniQa’s is partnering up with the Ministry of Tourism and Creative Economy to provide more public places with clean air.
IMPACT
Environment, Carbon Reduction
FOUNDERS
Rama Raditya
Andre Hutagalung
MAGALARVA
Magalarva is one of the fastest growing Black Soldier Fly protein farms in Indonesia. The startup brings organic waste back into the food industry by converting it to sustainable high-nutrient feed for Indonesia’s billion-dollar shrimp farming sector.
WHY WE CHOSE IT
Magalarva is able to generate high environmental impact while producing a scalable and superior high-protein animal feed addressing large-size markets. Having refined the delicate BSF farming process over the past 2 years, Magalarva is set to become the Indonesian leader in this growing volume-driven industry.
IMPACT
Organic waste upcycling from the food sector. Environmental preservation by generating a superior product substitute to existing unsustainable animal feed. Social impact is created by allowing shrimp farmers across the archipelago to produce higher quality shrimp yields, which improves revenues for BOP communities.
FOUNDERS
Rendria Labde , CEO & Founder
Arunee Sarasetsiri, Development Director & CMO
ROBRIES
Robries produces innovative and valuable products which bring a zero-waste lifestyle. They are trying to present an overall waste management system, starting from managing the waste as the main material until producing innovation for the management process and the products as the output of the system.
WHY WE CHOSE IT
Robries collaborate with the waste banks, communities, and other companies to encourage people’s action of reducing waste, reusing things, and sorting waste to start a zero-waste lifestyle.
IMPACT
Waste Recycling, Circular Economy, Sustainable Living, Environment Campaign, Communities Involved
FOUNDERS
Syukriyatun Niamah , CEO & Founder
Tita Shabrina, CFO & Co-Founder
REKOSISTEM
Rekosistem is a Waste Management Startup that collects, segregates, and supplies the right type of waste to the right waste processor partners. The features connect stakeholders in the waste value chain to build smart cities and recycling ecosystems by Redrop, Rekodash, Repickup, and Rekollab.
WHY WE CHOSE IT
Rekosistem standardize the chain, improve productivity of waste workers and generate revenue through waste management. Indonesia waste management market has huge potential with all eyes on sustainability and increasing demands.
IMPACT
Responsible waste management potential from waste workers, waste aggregators, waste processors, material suppliers, brand owners, and cities/municipalities.
FOUNDERS
Ernest Layman, CEO & Co-Founder
Joshua Valentino, COO & Co-Founder
SAMA SAMA SEAPLANES
Sama Sama Seaplanes is the first amphibian airline to connect the Mentawai Islands to the Sumatra mainland and will mainly cater to luxury surf resorts, the islands’ largest source of tourist revenue. The airline will also offer its transit services to the local governments and population, providing support like medivac to people in need of fast transportation to and from the Mentawai.
WHY WE CHOSE IT
Sama-Sama Seaplanes brings a much needed service to the Mentawai islands and is managed by an expert team of seasoned pilots with local knowledge and networks. The company is trailblazing a way to help people move around isolated Indonesian islands and has huge expansion potential.
IMPACT
Local Economy, Transport, Humanitarian
FOUNDERS
Andre Hugo, Founder
Ronald Cobley, Director of Operations
BUKAPO
BukaPO is a food pre-ordering digital platform that allows its users to order meals from local micro-entrepreneurs living in their area. The app only lists micro-entrepreneur merchants, of which 80% are women, and helps support the Bottom-of-the-Pyramid (“BoP”) economy. Over time, the company aims to incorporate produce suppliers as well as other local crafts, providing a one-stop shop for micro-entrepreneurs and seekers of Indonesian crafts and goods.
WHY WE CHOSE IT
BukaPO has developed a marketplace for Indonesia’s largest informal sector, and is addressing an audience of millions of inhabitants. It serves a segment that sits below the traditional food ordering platforms (GoFood), and has the potential to leapfrog competitors in the coming months.
IMPACT
Bottom-of-the-pyramid wealth creation, supporting female micro-entrepreneurs.
FOUNDERS
Olaf Purvis, Founder & CEO
Andy Adrian, Co-Founder
BUKAPO
ROUND 3
BukaPO is a food pre-ordering digital platform that allows its users to order meals from local micro-entrepreneurs living in their area. The app only lists micro-entrepreneur merchants, of which 80% are women, and helps support the Bottom-of-the-Pyramid (“BoP”) economy. Over time, the company aims to incorporate produce suppliers as well as other local crafts, providing a one-stop shop for micro-entrepreneurs and seekers of Indonesian crafts and goods.
WHY WE CHOSE IT
BukaPO has developed a marketplace for Indonesia’s largest informal sector, and is addressing an audience of millions of inhabitants. It serves a segment that sits below the traditional food ordering platforms (GoFood), and has the potential to leapfrog competitors in the coming months.
IMPACT
Bottom-of-the-pyramid wealth creation, supporting female micro-entrepreneurs.
FOUNDERS
Olaf Purvis, Founder & CEO
Andy Adrian, Co-Founder
INDOSOLE
Indosole is on a mission to change the way companies across the world look at shoe manufacturing, by using recycled tyres to produce footwear. The established brand, 100% made in Indonesia, has been delivering high-quality enviro and vegan footwear for travel, adventure, and everyday life, and now seeks to continue developing its technology and market across Asia Pacific.
WHY WE CHOSE IT
Indosole has become a staple-name in eco-footwear fashion and is driving the movement for manufacturing with recycled materials. The founders of Indosole said it best: “We are the most environmentally-responsible footwear company in the world, and have been for the past 11 years”.
IMPACT
Waste Management, Environment, Local Economy, Carbon Reduction
FOUNDERS
Kyle Parsons, Founder & CEO
Kai Paul, COO
Chris Pappas, CMO
Kevin O’Toole, CFO
STATUS
Active
SECTOR
Hospitality, Property, Health & Wellness, B2C
ATMOSFERA
Atmosfera is a neo-luxury sustainable living experience that revolutionises the way guests perceive staying in Bali. It’s a place where people can unwind, enjoy the good things in life, and grow at their own pace. The resort mission is to promote a better lifestyle by offering wellness oriented experiences: unique designed luxury villas, wellness center, fine dining restaurant, cafe’ & co-working space, retreats, yoga, social events & more.
WHY WE CHOSE IT
Atmosfera is a resort concept designed to remain financially sustainable even during times of economic crisis. More importantly, Atmosfera’s approach to hospitality sets an example for other hoteliers to follow by building environmentally conscious in partnership with Balinese owners.
IMPACT
Sustainability, Carbon-Reduction, Local Economy
FOUNDERS
Nicolo Castiglione
Parisuda Mangun
Putu Prima Hartawan
SMARTMATES
Smartmates is a 1-year-old SaaS consultancy busy capturing the constant demand for cloud-software consulting – that is, helping companies customise cloud-services for their business. The start-up is on track to become one of Australia’s largest cloud-software consultancies and operates from Indonesia with a growing team of tech consultants and software engineers.
WHY WE CHOSE IT
Smartmates is helping a new generation of tech-savvy professionals sharpen their skills and has the DNA of a ready-to-scale software consultancy. With the potential to go beyond Australia, Smartmates is strengthening Indonesia’s position as one of the next global forces in the tech-services space.
IMPACT
Upskilling, Carbon-Reduction, Local Economy, Business Efficiencies
FOUNDERS
Daniel Millin, Founder & CEO
Adam Chrapot, Founding Investor