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Five startups join Grab Ventures Velocity’s third accelerator cohort

The new batch’s startups offer services to F&B businesses whose revenue has dropped because of the COVID-19 pandemic.

GVV Batch 3 participants. Picture courtesy of Grab.

Grab Indonesia’s accelerator program Grab Ventures Velocity (GVV) said today in a statement that its third cohort will be formed by five startups. Four of the companies hail from Indonesia, while one is from Singapore.

For its third batch, GVV decided to recruit companies offering services that support the F&B sector. Due to the COVID-19 pandemic, 60% of businesses in this field in Indonesia have been negatively affected.

“We believe that technology can create an impact on 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,” said Grab Indonesia managing director Neneng Goenadi.

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The five startups that will take part in the third iteration of GVV are Software-as-a-Service startup Luna POS, cleaning service provider KliknClean, online printing service platform Printerous, creators curation platform GetCraft, and workforce management service Workmate.

In GVV’s 16-week program, all five startups will receive guidance from Grab Indonesia’s team to strengthen their business models, taking into account that the pandemic may persist. All sessions will be conducted virtually to comply with physical distancing measures in Indonesia.

The startups will have the opportunity to pilot their services under GrabFood. Merchants that are interested in using these features can register with Grab, which will then open the startups’ services for their use. The goal is to improve these merchants’ business performance while reducing their operational costs. The startups that find success during this trial period will be able to form commercial partnerships with Grab.