Tech in Asia

🚀📈 Here's our regularly updated list of the biggest startup exits in Singapore. - Want to keep up with the ins and outs of the #tech ecosystem in Asia? Sign up for free at techin.asia/newsletters

Oddle, a Singapore-based startup, has laid off staff as it shifts to an AI-centric model to boost efficiency and drive toward profitability. • 📉 Oddle aims for profitability by 2025, with a strategy centered on AI, despite recent layoffs and a US$6.9 million loss in 2023. • 🛵 Competing in food delivery and reservation services, Oddle faces competition from industry giants like Grab, especially in Southeast Asia. • 💡 Despite challenges, Oddle is open to mergers and acquisitions that align with its strategic vision and continues to enhance its service offerings. - Want full insights? Subscribe to Tech in Asia to read the entire article.

The article showcases the country's top fintech investors from the past two years, ranked by deal activity. 📈 Emerging Fintech Stars: Investors who lead investment deals can offer funding guidance for founders. ✉️ Feedback Welcome: Readers are encouraged to report any inaccuracies to enhance the database. 💼 Data Exploration: More auto-generated investor funding lists are available for those interested. - Want full insights? Subscribe to Tech in Asia to read the entire article.

🌍🍽️ Rebel Foods now runs 350 kitchens across 70 cities in India and 27 international locations. Want to keep up with the ins and outs of the #tech ecosystem in Asia? Sign up for free at techin.asia/newsletters

India is attracting significant attention from venture capital firms, including 2am VC, which is focusing on pioneering startups. - 📈 India's unicorn boom draws increased investments, with new India-specific funds from US-based investors to foster growth. - 🦄 2am VC introduces its US$25 million fund, aiming at early-stage investments in startups serving Gen Z. - 🌱 Emphasizing "first-check writing," the fund targets sectors like fashion, food, gaming, and tech-led solutions. - Want full insights? Subscribe to Tech in Asia to read the entire article.

On March 18, 2025, Indonesia's tech scene faced challenges as the stock exchange index dropped significantly and the rupiah fell to its lowest since the 1998 crisis. - 📉 The Indonesia Stock Exchange (IDX)'s sharp decline and a weak rupiah indicate economic instability, affecting investor confidence and tech startups. - 📊 Some experts regard challenges as temporary, while institutional investor absence could spell long-term impact for tech firms on IDX. - 💱 Investors face currency pressures, but structural strengths remain, making it a favorable time for serious investments and business building. Putra Muskita spoke with independent economist Gundy Cahyadi; Intudo's founding partner Eddy Chan; AC Ventures' founder and managing partner Adrian Li; and Vertex Ventures SE Asia & India's partner Gary Khoeng for this story. Want full insights? Subscribe to Tech in Asia to read the entire article.

⚠️ Job crisis alert: Indonesia saw a 20.2% surge in mass layoffs last year, wiping out 78,000 jobs—and it’s getting worse. Will the economy bounce back? 📉💼 🇮🇩 Manufacturing meltdown: Once Indonesia’s economic backbone, the sector shrank from 32% to 18% of GDP. Now, debt-ridden giants like Sritex are shutting down, leaving thousands jobless. 🏭💸 💰 Bold moves needed: Experts warn that without tax breaks & new job creation, layoffs could spiral. Can Prabowo’s government revive growth before it’s too late? ⏳🚀

Tech in Asia highlights startups that last secured funding between 18 months and three years ago, exploring their current statuses and potential scenarios. 🔎 Some startups thrive without needing more funds, achieving profitability and positive cash flow. ⏳ Others focus on reducing expenses and conserving cash to extend their operational runway. 🤝 A few choose not to publicize additional funding or face challenges in securing new investments. - Want full insights? Subscribe to Tech in Asia to read the entire article.

🍸🍹 obe Cocktails backed by investors like Ola co-founder Bhavish Aggarwal and Tracxn founder Abhishek Goyal. Want to keep up with the ins and outs of the #tech ecosystem in Asia? Sign up for free at techin.asia/newsletters

Microdramas, short vertical video series popularized in China, are captivating Southeast Asian audiences and reshaping media consumption. 📱 *Viewing Appeal*: Vertical microdramas are smartphone-friendly, combining quick plots & easy viewing, attracting fans like Suci, an Indonesian teacher. 💰 *Booming Industry*: China's microdrama industry surpassed $7 billion in 2024, with Southeast Asia experiencing rapid growth in app downloads and revenue. 🎥 *Local Adaptations*: Companies like IDN and KaryaKarsa are producing culturally resonant content, with a shift towards original and relatable narratives. - Want to keep up with the ins and outs of the #tech ecosystem in Asia? Sign up for free at techin.asia/newsletters