Grab Ventures Velocity (GVV), the venture building program of Southeast Asia’s first decacorn Grab, last week announced five startups that will be joining its third batch.
This time, GVV refers to the condition of culinary business that is heavily impacted by the COVID-19 pandemic. Thus under the overall theme of “Enabling Micro Entrepreneurs”, GVV focuses on one track, which is Culinary Business Support. Startups chosen to participate in the venture building program all have purposes that could leverage culinary business.
Four of them come from Indonesia:
- GetCraft, a creative network connecting business with creators to help with marketing efforts;
- KliknClean, comprehensive cleaning solutions to maintain hygiene standards;
- Luna POS, point-of-sales service provider to help business with administrative work;
- Printerous, printing and packaging provider to strengthen branding efforts.
The last one is Singapore-based Workmate which provides digital manpower solutions, having Indonesia as its primary market.
Participants will receive guidance virtually, and have the opportunity to collaborate with GrabFood merchants through pilot projects during the program. Merchants who are interested in using their services can register with Grab to get connected accordingly. The purpose of offering these pilot services is to help GrabFood merchants improve their business performance while reducing operational costs.
The program will run for 16 weeks, and end with presentation of pilot results to Grab at pitch day. Successful startups will get the opportunity to collaborate with Grab through a commercial partnership.
"In the midst of a pandemic, we understand that startups also experience unexpected impact. Through the mentoring and pilot projects at GVV Batch 3, we strive to be able to guide startups to survive and build businesses that are resilient to this impact. We believe that technology can create an impact for the SME sector especially for culinary businesses. We selected these five startups because they are the experts on various sectors such as cash management, hygiene solution, branding, marketing, and workforce solution that will be beneficial in supporting SMEs in Indonesia going forward," managing director Grab, Neneng Goenadi said in a statement.
GVV aims to help post-seed startups to scale across Southeast Asia. Portfolio from previous GVV batches include Sayurbox, Sejasa, and TaniHub.