Endeavor selected 8 entrepreneurs leading five companies at the 27th Virtual International Selection Panel (vISP) held May 23-25, 2022. Endeavor now supports 2,332 entrepreneurs leading 1,443 companies in 40 markets around the world (read more about the newly selected entrepreneurs below).
The vISP was presented by General Atlantic, with additional support from AXA, Bain, Cooley, EY, HSBC, Silicon Valley Bank, and Zoom.
The ISP is the culmination of a rigorous multi-step selection process to identify high-impact entrepreneurs who demonstrate the potential to leverage Endeavor’s resources and mentorship to create large-scale wealth and jobs and are committed to reinvesting their time and money in their local entrepreneurship ecosystems to help others take off.
During the vISP, panelists interviewed a small group of high-caliber entrepreneur candidates about their businesses. Then, in “deliberation rooms,” panelists evaluated the entrepreneurs on their potential for high-impact growth, discussed which candidates should be selected to become Endeavor Entrepreneurs, and voted unanimously to select the newest Endeavor Entrepreneurs.
Panelists at the ISP included: Daniel Vogel, Bitso (Endeavor Entrepreneur); Dermot Halpin, fmr. TripAdvisor (Endeavor Mentor); Ettore Leale, Xplorer Capital (Endeavor Mentor); Jason Green, Emergence Capital Partners (Endeavor Global Board Member); Kent Thiry, DaVita (Endeavor Colorado Board Member); Luca Ferrari, Bending Spoons (Endeavor Entrepreneur); Mariana Donangelo, Kaszek (Endeavor Mentor); Mark Frank, SonderMind (Endeavor Entrepreneur); Mike Hennessey, BlueBanyan (Endeavor Mentor); Peng T. Ong, Monk’s Hill Ventures (Endeavor Mentor); Stephane Levy, Cooley; Vinnie Lauria, Golden Gate Ventures (Endeavor Mentor).
As part of Endeavor’s network, the newly selected entrepreneurs will gain access to comprehensive, strategic, global support services, including introductions to local and international business mentors, investors, and volunteers from Fortune 500 consulting firms who will help them address key needs.
Endeavor Entrepreneurs have had a significant track record of impact. Endeavor Entrepreneurs have created more than 3.9 million jobs, generate combined revenues of over $28B, and help build sustainable growth models in their home countries.
Learn more about the companies selected below:
Entrepreneur: Hamza Jawaid & Saad Jangda
Vertical: Smart City
Bazaar is building an operating system for traditional retail in Pakistan. Its suite of digital products empowers merchants to simplify and grow their businesses through commerce and fintech solutions. The Bazaar retail app provides a one-stop-shop to purchase thousands of products for merchants’ stores. The company’s fintech products include a digital ledger for simple bookkeeping and faster debt collection, and a lending product. Bazaar has raised $100M+ in total, most recently (March 2022) a $70M Series B led by Tiger Global and Dragoneer Investment Group.
Entrepreneur: Ghufron Mustaqim & Arip Tirta
Vertical: Retail & Consumer Tech
Evermos is an Indonesian retail enabler platform and the country’s largest reseller-based social commerce. The company helps emerging and challenger local brands expand their presence across Indonesia efficiently by harnessing Evermos’ shared infrastructure and ecosystem. To date, Evermos has focused on empowering resellers to become micro-entrepreneurs as well as help brand owners expand their presence across the country. Operating in the ~$400B Indonesian retail market, the company is located across Indonesia’s 34 provinces, it targets the country’s community that lives in Tier 2/3/4 cities (200M+ individuals), and has grown GMV 24x in the last 24 months.
Entrepreneur: Manuel Rodriguez & Eduardo Mata
Vertical: Smart City
Meru is a tech-enabled platform that connects Chinese manufacturers to customers in Mexico, providing the easiest and safest way to buy and bring inventory from Asian manufacturers to LatAm. Meru simplifies the SMB wholesale buying process, cutting out 5+ intermediaries in the supply chain and complex cross-border logistics. Meru currently operates between China and Mexico but aims to eventually become the Alibaba of Latin America. Today, the company offers eight main product categories: beauty, pets, auto, party supplies, home and kitchen, sports, stationery, and electronics. Most recently, Meru raised a $25M Series A in late 2021.
Entrepreneur: Marco Marlia
Vertical: Enterprise Software & Services
MotorK is a leading software as a service (“SaaS”) provider for the automotive retail industry in the EMEA region, with over 400 employees and ten offices in seven countries Italy, Spain, France, Germany, Portugal, the UK and Israel). MotorK empowers car manufacturers and dealer groups to improve their customer experience through a broad suite of fully integrated digital products and services. MotorK provides its customers with an innovative combination of digital solutions, SaaS cloud products and the largest R&D department in the automotive digital sales and marketing industry in Europe.
Entrepreneur: Greg Krasnov
Tonik is the first fully digital neobank in the Philippines, offering a completely tech-enabled solution for scaling financial services. Through its proprietary app, Tonik provides customers with a full range of consumer banking products, including savings accounts, term deposits, loans, debit cards, and more. As pioneers of neobanking in the Philippines, Tonik operates primarily within the $87B market opportunity for consumer lending by marrying advanced credit and process know-how with access to scalable, low-cost bank deposits for funding. In February 2022, Tonik raised the largest Series B the Philippines has seen to date, bringing in a $131M investment.