Investors In Indonesia Equip Street Vendors With Modern Retail Tech

Investors In Indonesia Equip Street Vendors With Modern Retail Tech
Retail

In Jakarta, street vendors are receiving an updated look and new resources

Jiwon Kim
  • 2 march 2018

Early-stage investor East Ventures has begun to help Jakarta street vendors revamp their carts. This project began after an investor interacted with a street vendor who was afraid of getting chased out because of the run-down state of their store. So East Ventures decided to create an initiative called Warung Pintar to help these vendors get a bright new design and access to some retail tech. The upgrade includes free Wi-Fi, an LCD screen, chargers, a security camera and other devices.

The only fee expected from the vendors is $5,000 to cover the cost of the new kiosk. The technology comes free of charge and allows these vendors to provide better services to the local community. This program has already seen some results, with the first vendor to try it stating that his revenue grew fivefold after updating.

This idea not only increases revenue for vendors, but also helps people keep up with the fast-changing economy.

East Ventures | Warung Pintar

Early-stage investor East Ventures has begun to help Jakarta street vendors revamp their carts. This project began after an investor interacted with a street vendor who was afraid of getting chased out because of the run-down state of their store. So East Ventures decided to create an initiative called Warung Pintar to help these vendors get a bright new design and access to some retail tech. The upgrade includes free Wi-Fi, an LCD screen, chargers, a security camera and other devices.

+Asia
+Design
+In-Store Assistance
+indonesia
+Investments
+retail
+Shopper Assistance
+Shopper education & assistance
+technology

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