Founded in 2020, and now with over 3 million workers in their community, MyRobin provides on-demand, pre-screened, frontline workers on a long and short-term basis to enterprises in Indonesia.
With close to 200 million frontline workers in Southeast Asia, the market size for frontline workforce management in the region is as large as $280bn, making it the perfect market for a horizontal SaaS offering.
Commenting on the partnership, Ardy Satria Hasanuddin, Co-founder & CTO at MyRobin said, “Over the last four years we have been able to empower millions of frontline workers in over 270 cities in Indonesia to live a life of dignity by elevating them to the formal economy and giving them access to formal finance, jobs, and training.”
“As the next chapter of our growth, we would like to take our vision and expertise to more geographies and BetterPlace is the perfect partner who will enable us to achieve this goal.”
Investible backed the Indonesia-based company through our Early Stage Fund 2 alongside members of our syndicate of co-investors, Club Investible, in early 2021. The acquisition marks a significant and successful exit for these individual investors — and for the Fund — in under 18 months since its original close.
“This deal is an example of the increasing opportunities for natural, beneficial consolidation amongst early-stage tech firms. MyRobin, and its founding team have demonstrated an understanding of the dynamics of the Indonesian market, earning a terrific result for them, their team, and investors,” remarked Investible’s Investment Director Charlie Ill.
The Club Investible model enables individual investors to access individual investment opportunities while leveraging the network, diligence, and portfolio support of Investible. Several members of Club Investible co-invested with Investible’s vintage 2021 Fund, which has now invested in over 22 early-stage companies.
Ben Douglas, an active member of Club Investible and investor in MyRobin, spoke to benefits of the unique model for early-stage investors.
“Building a portfolio of global startups within the Club structure allows for quick wins, while hunting for the next unicorn. We’re pleased with this great outcome in just over 12 months.”
Unlike most of its Australian peers, Investible has an active presence in the broader Southeast Asia region, and an Asia-based team since 2018. The Investible group portfolio — now with over 130 investments — contains companies from ten countries, including Singapore, Indonesia and the Philippines.
“The ambition and capability of founders across Southeast Asia continues to impress us. When we look ahead at the next few years, we’re incredibly bullish on the quality of investment opportunities in the region,” Charlie added.
Launched in 2020 in Indonesia, MyRobin is a leading workforce-as-a-service platform that provides Enterprises with on-demand, pre-screened, blue-collar workers. With an outreach to more than 3M workers across 270 cities in Indonesia, MyRobin is trusted by hundreds of businesses. The platform provides a complete solution for businesses with recruitment, documentation, attendance, performance, and workers' payments all processed on the platform. For workers, MyRobin provides an easy-to-use online job portal, financial services, and training, boosting productivity and retention.