Endeavor Selects 25 Entrepreneurs From 11 Markets at the 96th International Selection Panel in Bali

Endeavor selected 25 entrepreneurs leading 13 companies in 11 markets at its 96th International Selection Panel (ISP) held July 17-19, 2023 in Bali, Indonesia. Endeavor now supports 2,487 entrepreneurs leading 1,531 companies in 42 markets around the world.

The ISP is the culmination of a rigorous, multi-step selection process to identify high-impact entrepreneurs from all over the world. During this process, we seek founders with the greatest growth potential, as well as those who commit to reinvesting time and resources into their local ecosystems to help build the next generation of entrepreneurs.

During the ISP, panelists interview a select group of candidate entrepreneurs about their businesses. Then, panelists evaluate the entrepreneurs on their potential for high-impact growth, discuss which candidates should be selected to become Endeavor Entrepreneurs, and ultimately, vote to select new Endeavor Entrepreneurs.

Panelists

Endeavor would like to thank our panelists:

Diego Piacentini, Board member and advisor (Endeavor Italy Board Member, Endeavor Global Ambassador); Joanna Rees, West (Endeavor Global Ambassador); Anderson Thees, Itaú Unibanco (Endeavor Global Ambassador); Scott Sobel, Valor Capital Group (Endeavor Global Ambassador); Wiktor Schmidt, Netguru (Endeavor Poland Board Chair); Ayman Essawy, Lucky Financial (Endeavor Egypt Board Member, Endeavor Entrepreneur); Eric Cheng, Carsome (Endeavor Malaysia Board Member, Endeavor Entrepreneur); Fırat İşbecer, Commencis (Endeavor Turkey Board Member, Endeavor Entrepreneur); Mohamed Azab, Grinta (Endeavor Egypt Board Member, Endeavor Entrepreneur); Aaron Tan, Carro (Endeavor Entrepreneur); Dave Salvant, Squire Technologies (Endeavor Entrepreneur); Niki Luhur, Vida (Endeavor Entrepreneur); Peter De Caluwe, Thunes (Endeavor Entrepreneur); Ron Hose, Coins.ph (Endeavor Entrepreneur); Tiger Fang, Kargo (Endeavor Entrepreneur); Vince Iswaratioso, DANA (Endeavor Entrepreneur)

John Hamm, Tech CEO, Venture Investor, Board Director and Advisor; Maureen Haverty, Seraphim Space; Mike Hennessey, BlueBanyan; Shailesh Rao, EscapeVelocity; Sherry Coutu, Workfinder

Additionally, we want to extend an extra special thank you to the three panelists who graciously hosted us as Endeavor Indonesia board members:

Arif Rachmat, TAP Group (Endeavor Indonesia Board Chair); Jefrey Joe, Alpha JWC (Endeavor Indonesia Board Member); Raoul Oberman, Sasya Terra Pte Ltd (Endeavor Indonesia Board Member)

Our New Entrepreneurs

Endeavor Entrepreneurs have had a significant track record of impact. They have helped build sustainable growth models in their home countries by creating 4+ million jobs. Endeavor’s active portfolio companies generated combined revenue of nearly $50 billion throughout 2022.

Learn more about our new Endeavor Entrepreneurs below.

30Shine

Entrepreneurs: Hoang Nguyen and Quan Ngo
Industry: Retail
Endeavor Office: Vietnam

Founded in 2015, 30Shine is Vietnam’s largest hair salon chain for men, with 82+ locations nationwide. It focuses on delivering exceptional customer experiences, providing a full range of hair and skin care services and products. 30Shine embraces tech-enablement in its attempt to modernize the typical barbershop experience, ensuring a smooth customer journey as well as an aspirational and quality-controlled environment for employees. Through its service excellence, 30Shine has fostered a strong brand, gaining a reputation for high-level service at affordable prices, and a dedication to staying at the forefront of men’s grooming trends.

ASTRO

Entrepreneurs: Vincent Tjendra
Industry: Retail
Endeavor Office: Indonesia

Founded in 2021, ASTRO provides on-demand groceries with a selection of more than 3,000 items at affordable prices, including food & beverage and over-the-counter medicines, which are available 24/7 and delivered to a customer’s home within minutes. The company aims to innovate by offering convenience to customers in the Jakarta Greater Area, allowing them to avoid daily traffic and unnecessary car trips to purchase their daily necessities. Studies by the Boston Consulting Group and Uber have shown that people in Jakarta spend an average of 22 days per year stuck in traffic. ASTRO is supported by a top-tier founding team who come from regional success stories such as Tokopedia, as well as an impressive roster of investors, including Accel, Lightspeed, Sequoia Capital India, and Tiger Global.

Blankfactor

Entrepreneurs: Michael Wear and Melody Pak
Industry: Enterprise Software
Endeavor Office: Miami, US

Founded in 2019, Blankfactor provides services that help financial service and life science companies scale and deliver their products faster through end-to-end product development and consulting services. It uses an outcome-based approach rather than a staff augmentation mode. The success of Blankfactor hinges on a robust foundation built upon its extensive expertise in capital markets/banking, fintech/payments, and life sciences. To date, the company has raised $51.5 million in total equity and debt funding.

Breadfast

Entrepreneurs: Mostafa Amin, Muhammad Habib, and Abdallah Nofal
Industry: Retail
Endeavor Office: Egypt

Founded in 2017, Breadfast is an on-demand grocery and household essentials delivery company built to bring the most basic food item to everyone in Egypt, fast: a loaf of bread – coining the name Breadfast. The company has grown rapidly and now delivers a variety of products within 35 minutes, including fresh produce, meats, dairy, cleaning supplies, coffee, pastries, and personal care products. It has successfully differentiated itself in the Egyptian market, where ~70% of grocery shopping is based on unorganized trade at local kiosks and convenience stores—a vast opportunity to tap within Egypt and the broader Middle East and North Africa (MENA) region.

CurlMix

Entrepreneurs: Kimberly Lewis and Tim Lewis
Industry: Retail
Endeavor Office: Great Lakes region, US

Founded in 2018, CurlMix is a premium haircare brand designed by and for Black women. The company offers a four-step hair care solution using natural flaxseed gel, designed to help Black women easily care for their curls in 21 days. After gaining traction selling CurlMix, the company launched “4C ONLY,” an additional brand focused on a younger customer that has the curliest hair texture classification, 4C curls. CurlMix has established a strong customer base and community following with over 19,000 active Facebook group members and has been featured on Shark Tank, Forbes 30 Under 30, Oprah’s Favorite Things list in 2020, and ranked 93rd on the Inc. Top 5000 fastest-growing privately owned companies in the US. The company has raised $9 million in equity financing, with $4.5 million crowdfunding by 7K of the company’s most loyal customers.

Inventa

Entrepreneurs: Marcos Salama and Fernando Carrasco
Industry: Retail
Endeavor Office: Brazil

Founded in 2021, Inventa is a digital marketplace that connects small and medium-sized retailers with suppliers, and lets them discover and purchase new inventory. Its technology provides an easier purchasing process for small businesses by recommending products based on actual transaction data and providing credit. On the supplier side, stakeholders can upload products, manage pricing, and see what is selling and what isn’t. Aiming to streamline Brazil’s supply chains, the company is backed by an executive team that comes from regional success stories including Rappi, iFood, Quinto Andar, and Nubank, as well as by a renown group of investors including a16z, Greylock, Founders Fund, Tiger Global, and Monashees.

ISA

Entrepreneurs: Fernando Pares and David Pares
Industry: Healthcare
Endeavor Office: Brazil

Founded in 2018, ISA is an on-demand digital platform that provides healthcare services at patients’ homes, including lab exams, immunizations, and at-home care. In Brazil, much of the population has a difficult time accessing high-quality healthcare, and a recent survey indicates that Brazilians view healthcare as the country’s top issue. ISA aims to address these challenges through the decentralization of care by utilizing technology and a distributed network of independent nurses. This enables the company to increase access to high-quality, affordable healthcare services, including for those living outside Brazil’s largest cities. To date, the company has raised $17 million in total funding, including its most recent $14 million Series A in 2022.

LAAM

Entrepreneurs: Arif Iqbal
Industry: Retail
Endeavor Office: Pakistan

Founded in 2021, LAAM is a technology-driven fashion platform that brings South Asian fashion to the world, offering apparel for daily life, party wear, and luxury and wedding attire. The company’s user-friendly platform uses AI to provide personalized recommendations, insights, and a seamless shopping experience in more than 100 countries. LAAM also provides South Asian fashion businesses with a suite of offerings, including managing their entire supply chain end-to-end and providing advanced data and analytics capabilities. Since its launch, LAAM has raised $3 million from investors, including Zayn Capital and Graph Ventures.

Lhoopa

Entrepreneurs: Marc-Olivier (Marco) Caillot and Sabrina Tan
Industry: Retail
Endeavor Office: Philippines

Founded in 2018, Lhoopa aims to leverage technology to address the lack of affordable housing in Southeast Asia. Affordable housing in emerging markets is broken. In the Philippines alone, millions of units are needed and most fall under affordable housing. Most real-estate developers are deterred by the tedious process involved in developing low-cost housing, including property acquisition, sales, construction, and securing loans for each buyer. Coupling proprietary technology and the empowerment of local homebuilders and brokers, Lhoopa is disrupting the $7.2 billion real estate industry in Southeast Asia, with the aim of making affordable housing streamlined, decentralized, and profitable. To date, the company has raised $27.8 million in both equity and debt.

Loob Holding

Entrepreneurs: Bryan Loo
Industry: Food and Beverage
Endeavor Office: Malaysia

Founded in 2010, Loob Holding is the largest food and beverage company in Malaysia by outlet count, managing a diverse portfolio of food and beverage brands in the country and internationally. It owns Southeast Asia’s largest bubble tea chain, Tealive, which has over 900 outlets across 10 countries and serves ~50 million cups per year. Its portfolio also includes Bask Bear Coffee, the fastest growing coffee brand in Malaysia with 100 outlets; Wonderbrew, the leading kombucha brand in Malaysia; and SodaXpress, Malaysia’s leading sparkling water machine retailer. Loob is backed by Creador, a PE firm focused on growth-oriented businesses in Southeast Asia and India.

SadaPay

Entrepreneurs: Brandon Timinsky
Industry: Fintech
Endeavor Office: Pakistan

Founded in 2019, SadaPay is Pakistan’s fastest-growing neobank, aiming to revolutionize banking in the country. In Pakistan, only 9% of smartphone users have a digital bank account and the banking sector is perceived very negatively. The company operates under an Electronic Money Institution license issued by the State Bank of Pakistan and offers a wide range of services, including personal and business accounts, home remittances, virtual and physical debit cards, international bank account numbers, mobile top-ups, and bill payments. Within 14 months of acquiring its license, SadaPay has witnessed three million sign-ups and has onboarded 840,000 accounts, suggesting a demand that exceeds the company’s current onboarding capacity. Moreover, SadaPay has been growing completely through word of mouth. To date, the company has raised $20M in funding from investors including Kingsway Capital and Recharge Thematic Ventures.

Shop Circle

Entrepreneurs: Luca Cartechini and Gian Maria Gramondi
Industry: B2B Software
Endeavor Office: Italy

Founded in 2021, Shop Circle is a software aggregator for the fragmented Shopify app ecosystem. It aims to become the one-stop shop for e-commerce solutions, offering brands the necessary tools to fuel all aspects of their business. The company creates value by acquiring, operating, and scaling apps to create a portfolio of cutting-edge e-commerce tools for its B2B e-commerce brand clients. Shop Circle uses a rigorous merger and acquisition process to identify and acquire companies. Once acquired, it scales up the product through growth drivers such as customer acquisition, pricing, and discoverability.

Vendease

Entrepreneurs: Tunde Kara, Olumide Fayankin, Gatumi Aliyu, and Oyewale Oyepeju
Industry: Smart City
Endeavor Office: Nigeria

Founded in 2020, Vendease aims to leverage technology to automate Africa’s food supply chain. In Nigeria and other African markets, restaurants and other food businesses struggle to turn a profit due to unreliable suppliers, limited access to data, and a lack of capital for food procurement. Vendease addresses these challenges by providing a digital food procurement platform, along with embedded financing and business tools. Through the platform, food businesses can order from the company’s catalog of 3,000 affordable food products and have them delivered within hours. Vendease serves 3,000+ businesses across Nigeria and Ghana, and the company raised a $30 million Series A led by Partech Africa and TLcom in September 2022.