Portfolio Company Feature: Octopus

Freddie Luchterhand-Dare
February 21, 2023

Following up on last week’s feature on one of our portfolio companies, Octopus, we decided to ask them a few questions to give us some insight on the company and how they have improved waste management in Indonesia.

Here, Hamish, Octopus’ CMO, shares more about the company:

What was the inspiration for starting Octopus?

The rising waste problem in Indonesia needed a collaborative platform that benefits all stakeholders involved.

I didn't want to be involved in a generation that ruined the condition of our nature for our kids. I wanted to try my best & be part of a change.

Were there any major challenges you had to overcome with regards to growing the company?

Any new idea takes time no matter where you are in the world. Creating a system that encourages a change in behaviour and how people look at their post consumed items has been challenging but also rewarding once achieved.

How has your company brought about positive changes in Indonesia, socially, environmentally, etc.?

Octopus identified several opportunities in the informal sector that allowed us to create jobs, digitize, empower and educate a previously overlooked demographic. The sector has been our main hero and focal point up until today.

What are your plans for further improving Indonesia’s waste management system?

Octopus will be rolling out its services into 20 new cities this year.

(Something that we at Openspace find incredibly exciting!)

Is there anything you would like to add?

Create you #ANewHabit with Octopus.