Tag Archives: micro financing

Gayo Capital Announces Two New Portfolios, Alatté Beauty and PasarMIKRO

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The venture company under Ideosource, Gayo Capital, officially announced seed funding for two of its newest portfolios, Alatté Beauty and PasarMIKRO. Gayo Capital is reluctant to mention the exact investment value the two have received. However, Alatté Beauty is said to have secured around $100- $500 thousand, while PasarMIKRO around $500 thousand – $1 million.

Gayo Capital’s Co-founder & Managing Partner, Ishara Yusdian said the two portfolios are in line with the company’s vision to provide “impact investment”. He also prepared a business roadmap to encourage future business growth for both of them.

“We are impact investors. Therefore, we incubate first, give mentoring and pre-seed rounds before the product launches. Once launched, we entered as investors for the seed round,” Ishara said in an interview with DailySocial.

Thus, Gayo Capital has nine portfolios now, including in the agricultural segment (Lampung Cocoa Farmers, Inacom, Tunas Farm, PasarMIKRO, AGRetail & AGLogistics), waste management (WLabku, DAUR), and lifestyle (Alatté Beauty and Foom).

Alatté Beauty’s development

Throughout 2020, Gayo Capital saw a trend of increasing sales of beauty products during the pandemic. Moreover, his team began to conduct various researches in Q2 2020 and found that the average local cosmetic brand is still using the retail business model. In order to invest in this sector, Ishara said he wanted to find a business model that could have a broad impact.

He said, Alatté met Gayo Capital’s criteria. With a reseller-based business model, he believes Alatté can have a broad impact, especially for MSMEs in Indonesia. In contrast to most retail cosmetic brands, which are considered to require large capital to become a reseller. In fact, there is no assistance regarding selling, engagement, and transformation to digital selling.

“After our exploration, we found that Alatté has a different model from other brands, partnering with individuals and MSMEs. Think about resellers, such as the Oriflame [model]. Therefore, Alatté prepared the whole thing, the reseller will make sales and they will receive coaching, starting from the framework, marketing, and going to the market. Indirectly, Alatté is one of the medium to increase the GDP contribution from MSMEs,” he explained.

Ishara said, Alatté has achieved organic growth. Moreover, Alatté’s focus in 2021 is to fully increase sales figures through digital platforms, such as Tokopedia and Shopee. In 2022, Alatté will expand to offline stores, such as Watson, Sephora, Sociolla, and Metro.

Next, in the following year, then Alatté will enter into innovation development. One of the use cases that is currently being prepared is the development of face recognition to provide a virtual experience for buyers of Alatté cosmetic products.

“it’s currently on trial. But, we’ll be able to launch it if we have a significant number we can get. Therefore, it depends on the reseller in the area. Alatté’s equity value is different from other brands. The sales forecast seems very close . For example, when the equity value has been built, we want to make Alatté the first local cosmetics brand to be IPO,” he said.

Farmer’s financing facility

Next, the PasarMIKRO, this platform is prepared to synergize with existing portfolios in agriculture, Lampung Cocoa Farmers (PKL) and Inacom. Ishara revealed, PasarMIKRO  has provided financing facilities to more than 50 farmers. This year, his team targets to provide access to finance to 200 farmers in Indonesia.

In a general note, PasarMIKRO provides financing facilities for upstream farmers with risk profiling in accordance with POJK. Ishara assessed that farmers and ranchers in the regions have the ability to supply their crops to large retailers, such as Carrefour and Giant. However, this is considered difficult without the help of middlemen.

“PasarMIKRO has a business model similar to Investree P2P, only it is channeled into the captive market, including farmers and breeders. PasarMIKRO also provides facilities where farmers can trade their crops to agri food companies, such as Japfa Comfeed,” he added.

Target in 2021

During this year, Gayo Capital is preparing some other plans. Ishara revealed that his team would collaborate with the International Design School (IDS) and state-owned subsidiary PT INTI to prepare digital-based learning content. He said, the pre-employment market potential is huge, especially after Lebaran.

As a general note, IDS is owned by Andi Boediman, who is also a Managing Partner at Ideosource. Gayo Capital will announce a new portfolio in the third quarter, a Singapore-based insurtech platform, Ocktolife.

In addition, the company will launch three incubation programs this year. First, Start Camp Asia which aims to consolidate and integrate the MICRO Market with the existing portfolio. Second, Codiac for the integration and collaboration of AGRetail & AGLogistics with external parties.

Third, PILAR, the program that prepares leadership assistance for its portfolio, most of which are from agricultural verticals. “I think we have to have standards for those running the company. Currently, we are still providing one by one assistance,” he added.

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Original article is in Indonesian, translated by Kristin Siagian

Partner di Gayo Capital, meliputi Jefri Sirait, Ishara Yusdian, dan Edward Ismawan Chamdani / Gayo Capital

Gayo Capital Umumkan Dua Portofolio Baru, Alatté Beauty dan PasarMIKRO

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Perusahaan ventura di bawah naungan Ideosource, Gayo Capital, resmi mengumumkan pendanaan tahap awal untuk dua portofolio terbarunya, yaitu Alatté Beauty dan PasarMIKRO. Gayo Capital enggan menyebutkan nilai investasi pasti yang diterima keduanya. Namun, Alatté Beauty disebutkan mengantongi investasi di kisaran $100-$500 ribu, sedangkan PasarMIKRO di rentang $500 ribu-$1 juta.

Co-founder & Managing Partner Gayo Capital Ishara Yusdian mengatakan, kedua portofolio tersebut sejalan dengan visi perusahaan untuk memberikan “impact investment”. Pihaknya juga telah menyiapkan roadmap bisnis untuk mendorong pertumbuhan bisnis keduanya ke depan.

“Kami adalah impact investor. Jadi awalnya kami inkubasi dulu, berikan mentoring dan pre-seed round sebelum produk meluncur. Begitu sudah meluncur, kami masuk sebagai investor untuk seed round,” ujar Ishara dalam wawancaranya kepada DailySocial.

Dengan demikian, Gayo Capital kini telah memiliki sembilan portofolio, antara lain di segmen agrikultur (Petani Kakao Lampung, Inacom, Tunas Farm, PasarMIKRO, AGRetail & AGLogistics), waste management (WLabku, DAUR), dan lifestyle (Alatté Beauty dan Foom).

Pengembangan Alatté Beauty

Di sepanjang 2020, Gayo Capital melihat ada tren peningkatan penjualan produk kecantikan selama masa pandemi. Dari sini, pihaknya mulai melakukan berbagai riset di Q2 2020 dan menemukan bahwa rata-rata brand kosmetik lokal masih menggunakan model bisnis ritel. Untuk berinvestasi di sektor ini, Ishara menyebut ingin mencari model bisnis yang bisa memberikan dampak luas.

Menurutnya, Alatté memenuhi kriteria yang dicari Gayo Capital. Dengan model bisnis berbasis reseller, ia meyakini Alatté dapat memberikan dampak luas, terutama bagi UMKM di Indonesia. Berbeda dengan kebanyakan brand kosmetik ritel yang dinilai membutuhkan modal besar untuk menjadi reseller. Bahkan, tidak ada pendampingan mengenai cara berjualan, engagement, dan transformasi ke digital selling.

“Setelah kami eksplorasi, kami menemukan Alatté memiliki model berbeda dari merek lain, yaitu partnering dengan individual dan UMKM. Think about reseller, seperti [model] Oriflame. Jadi semua disiapkan oleh Alatté, reseller akan melakukan penjualan dan mereka akan menerima pembinaan, mulai dari framework, marketing, hingga go to the market-nya. Jadi, secara tidak langsung, Alatté menjadi salah satu upaya mendongkrak kontribusi GDP dari UMKM,” jelasnya.

Menurut Ishara, saat ini Alatté sudah mengantongi pertumbuhan secara organik. Untuk itu, fokus Alatté di 2021 adalah menaikkan angka penjualan sepenuhnya melalui digital platform, seperti Tokopedia dan Shopee. Di 2022, Alatté akan merambah offline store, seperti Watson, Sephora, Sociolla, dan Metro.

Kemudian di tahun selanjutnya, barulah Alatté akan masuk ke pengembangan inovasi. Salah satu use case yang tengah disiapkan adalah pengembangan face recognition untuk memberikan virtual experience bagi pembeli produk kosmetik Alatté.

“Sekarang lagi trial. But, we’ll be able to launch it if we have a significant number yang bisa kami dapatkan. Jadi sekarang tergantung dari reseller di daerah. Equity value Alatté berbeda dibanding brand lain. Sales forecast sudah kelihatan mendekati lah sekarang. Semisal sudah bangun equity value, kami bahkan ingin buat Alatté jadi brand lokal kosmetik pertama yang di-IPO-kan,” paparnya.

Fasilitas pembiayaan petani

Berlanjut ke PasarMIKRO, platform ini dipersiapkan untuk dapat bersinergi dengan portofolio existing di agrikultur, yaitu Petani Kakao Lampung (PKL) dan Inacom. Ishara mengungkap, saat ini PasarMIKRO telah memberikan fasilitas pembiayaan ke lebih dari 50 petani. Tahun ini, pihaknya menargetkan dapat memberikan akses pembiayaan ke 200 petani di Indonesia.

Sebagaimana diketahui, PasarMIKRO menyediakan fasilitas pembiayaan bagi petani di hulu dengan risk profiling sesuai dengan POJK. Ishara menilai bahwa petani dan peternak di daerah memiliki kemampuan untuk memasok hasil panennya ke peritel besar, seperti Carrefour dan Giant. Namun, hal ini dinilai sulit tanpa bantuan perantara tengkulak.

“PasarMIKRO memiliki model bisnis seperti pemain P2P Investree, hanya saja ini disalurkan untuk captive market, yaitu petani dan peternak. PasarMIKRO juga sediakan fasilitas di mana petani bisa trading hasil panen ke perusahaan makanan agri, seperti Japfa Comfeed,” tambahnya.

Target di 2021

Di sepanjang tahun ini, Gayo Capital juga tengah menyiapkan sejumlah rencana lainnya. Ishara mengungkap, pihaknya akan bekerja sama dengan International Design School (IDS) dan anak usaha BUMN PT INTI untuk menyiapkan konten pembelajaran berbasis digital. Menurutnya, potensi pasar pra-kerja sangat besar, terutama usai Lebaran nanti.

Sekadar informasi, IDS dimiliki oleh Andi Boediman, yang juga merupakan Managing Partner di Ideosource. Gayo Capital juga akan mengumumkan satu portofolio baru di kuartal ketiga ini, yaitu Ocktolife, platform insurtech berbasis di Singapura.

Selain itu, perusahaan juga akan meluncurkan tiga program inkubasi di tahun ini. Pertama, Start Camp Asia yang bertujuan untuk melakukan konsolidasi dan integrasi PasarMIKRO dengan portofolio existing. Kedua, Codiac untuk integrasi dan kolaborasi AGRetail & AGLogistics dengan external party.

Ketiga, PILAR atau program mempersiapkan pendampingan leadership bagi portofolionya yang sebagian besar dari vertikal agrikultur. “Rasanya kami harus punya standarisasi untuk mereka yang running the company. Kalau sekarang, kami masih memberikan pendampingan one by one.” Tambahnya.