In June 2021, AC Ventures invested in Astro Technologies, an Indonesia-based online platform offering on-demand delivery services for groceries, including ready-to-eat meals, fresh produce, snacks, household items, personal care products and medicines. AC Ventures was eager to collaborate with co-founders Marcella Moniaga and Jessica Jap, reinforcing its commitment to invest at least 40% in women-led businesses to expand female access to equity.
With AC Ventures’ support, Astro built infrastructure and formally began operations in September 2021. The company experienced exponential growth since its founding. As of April 2024, Astro had 520 full-time employees, 30% of which were women. The company is intentional about how it supports its workers to encourage the recruitment and retention of women employees. Astro works with a national health insurance provider to cover health benefits such as inpatient and outpatient care for families, as well as maternity care, paternity leave, dental and vision needs.