Episodes
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It’s undeniable – the world is in recession.
Although it took longer for the downturn to hit Asia, startups and venture capitalists have been preparing for it for months.
On this episode of Deep Dive, Tech in Asia emerging tech editor Collin Furtado discusses his insights from the ongoing article series Recession Run, where he talks to the region’s top investors about how they’re tackling the economic slump.
Featured reporter: Collin Furtado, Tech in Asia’s emerging tech editor based in Bangalore, India Essential reading: Recession Run: East Ventures’ bets during a downturn Recession Run: Sequoia’s $850m plan during a downturn Recession Run: 500 Global’s investment plan in SEA Recession Run: Quest Ventures bats for food security, sustainable solutions Recession Run: Vertex Ventures says these sectors will thrive in a downturn Recession Run: Valuation cuts don’t affect Monk’s Hill Ventures’ plans Recession Run: Wavemaker’s Santos sees a crisis as a flight to quality Recession Run: Kickstart Ventures to deploy more funding in 2023 Recession Run: Australian VC to invest 20% of new fund in SEA Recession Run: BAce Capital advises founders to chase value, not valuation Recession Run: Iterative’s $55m plan amid a downturn Recession Run: CCV says autonomous tech, AI, robotics startups are the future -
Once upon a time, all it took to build a workforce was a couple of ads in the classified section of the local newspaper.
But with a global shift to remote working, companies have to consider a plethora of factors when hiring talent: Which markets should I hire from? How can I stand out from other hiring companies? What can I do to make sure the talent I bring onboard stays?
In this four-episode podcast series, G-P’s Charles Ferguson and Tech in Asia Studios’ Nathaniel Fetalvero walk listeners through the new age of hiring and how startups can navigate today’s talent economy.
This is a startup’s guide to remote talent. Listen on your podcast platform of choice or visit the Tech in Asia website to access full episodes: https://www.techinasia.com/tag/a-startups-guide-to-remote-talent
Visit G-P’s website at www.g-p.com to learn more about the increasingly remote working world and how your business can gain an edge in the talent economy.
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At the start of 2022, crypto firm Hodlnaut had the approval of the Monetary Authority of Singapore and close to US$1 billion in assets under management.
Today, the Singapore-based company has halted its operations, faces lawsuits over allegations of dishonesty, and is being probed by the city-state’s police force.
On this episode of Deep Dive, Tech in Asia journalist Scott Shuey discusses how the collapse of other crypto firms sparked Hodlnaut’s downfall, the alleged mismanagement and lies that exacerbated the situation, and what’s in store for the company’s future.
Featured reporter: Scott Shuey, a Tech in Asia journalist based in Kuala Lumpur Essential reading: Hodlnaut may have had $187m exposure to Terra collapse UST, lies, and Hodlnaut: How a rising star fell back to earth Hodlnaut can’t pay salaries, benefits for dismissed employees Hodlnaut accuses EY staff of dishonesty; EY fires back Hodlnaut founders hid financial documents, new Singapore court report says Hodlnaut assets hit by FTX debacleFor more stories on Hodlnaut, click here.
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Vibe Check: Mental Health in the Startup World is a Tech in Asia podcast where writer and editor Winston Zhang speaks to startup leaders and mental health professionals to see what he can learn from them when it comes to managing his mental well-being.
Listen to Vibe Check: Mental Health in the Startup World on your podcast platform of choice to catch weekly episodes of this limited series throughout the month of October.
Or visit the Tech in Asia website to access full episodes: https://www.techinasia.com/tag/vibe-check
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Once a rising fintech company that drew in investors such as Y Combinator and Stripe, Philippines-based PayMongo now finds itself in a precarious position.
Allegations of questionable spending and employee harassment from senior leaders cropped up a few months ago, leading Francis Plaza, the startup’s CEO, to go on voluntary leave.
What happened at PayMongo? And what can other fast-growing companies do to avoid the same fate? On this episode of Deep Dive, Tech in Asia journalist Melissa Goh discusses the events that led the company to its current state, how the incidents have affected PayMongo’s growth and performance, and the importance of strong corporate governance.
Featured reporters: Melissa Goh, a Tech in Asia journalist based in Singapore Essential reading: Fallout at PayMongo: alleged harassment by CEO, founder departures, growth woes PayMongo’s former CFO: ‘I never stole from any company’ PayMongo CEO goes on ‘voluntary leave’ What caused PayMongo’s crisis? Insiders tell usTech in Asia has launched a new podcast for World Mental Health Day. Vibe Check: Mental Health in the Startup World follows Tech in Asia writer and editor Winston Zhang on his quest to better manage his mental well-being through conversations with startup leaders and mental health professionals. Weekly episodes are available throughout the month of October on Spotify, Apple Podcasts, and wherever you get your podcasts.
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Animoca Brands is a name that is practically synonymous with the blockchain scene, with news of its acquisitions, fundraising, and expansions regularly hitting the news.
But the Web3 empire’s thrilling crypto success was sparked in a manner that is less grand than its current stature. Though it’s now valued at US$5 billion, it was actually delisted from the Australian Stock Exchange (ASX) in 2020.
How did the blockchain gaming juggernaut make such a stunning turnaround? On this episode of Deep Dive, Tech in Asia journalist Deepti Sri discusses the company’s rise to prominence and its ambitions to conquer the Web3 space.
Featured reporters: Deepti Sri, a Tech in Asia journalist based in India Essential reading: Animoca’s meteoric rise from zombie to $5b Web3 empire -
As digital banking rises to prominence in Indonesia, tech companies from various sectors have been dipping their toes in the game, partnering with and sometimes even acquiring digibanks.
Leveraging their greater and easier access to capital, online and peer-to-peer lenders have also joined the fray. However, some question whether this move toward the digital banking space might spell doom for the lending scene.
Will digibanks soon render online lenders obsolete? Or is there room for coexistence in the future? On this episode of Deep Dive, Tech in Asia journalist Budi Sutrisno discusses what lies ahead for Indonesia’s online lending scene.
Featured reporters: Budi Sutrisno, a Tech in Asia journalist based in Jakarta Essential reading: Why Indonesia’s tech giants find digital banks irresistible As digibanks rise, will Indonesia’s online lenders become obsolete? The tech companies bankrolling Indonesia’s digital banks -
GoTo Group, the new entity formed through the Gojek-Tokopedia merger last year, listed on the Indonesian Stock Exchange this month.
While the company’s shares quickly soared past its initial offering price, it also fell just as quickly in a manner reminiscent of the recent public listings of other Southeast Asian firms such as Bukalapak and Grab.
Is this just how Southeast Asian tech stocks perform on the public markets? On this episode of Deep Dive, Tech in Asia journalists Ardi Wirdana and Aditya Hadi Pratama discuss GoTo’s IPO and what its performance might mean for the wider tech and startup scene in Southeast Asia.
Featured reporters: Ardi Wirdana, a Tech in Asia journalist based in Jakarta Aditya Hadi Pratama, a Tech in Asia journalist based in Jakarta Essential reading: GoTo Group’s financial health in 4 charts GoTo’s IPO numbers split opinions, but investors may warm to share price GoTo begins $1.1b IPO process Org Chart: The people leading GoTo Group GoTo shares up by 15% in initial trading, giving valuation of $32b GoTo’s shares decline to IPO price, triggering greenshoe option GoTo IPO marks win for 2 early SEA VCs, and may supercharge the region’s VC sceneGet your tickets to Tech in Asia's Product Development Conference '22 now by going to techin.asia/pdc
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Indonesian online lender UangTeman has had a tough few years.
Its name has been in and out of headlines since 2018, with stories either focusing on the company’s financial troubles or its apparent recovery.
But what’s at the core of UangTeman’s troubles? On this episode of Deep Dive, Tech in Asia journalist Putra Muskita discusses the embattled online lender’s current plight and whether it can pull itself back from the brink of collapse.
Featured reporters: Putra Muskita, a Tech in Asia journalist based in Jakarta Essential reading: Exclusive: Indonesian online lender UangTeman had a rough 2018. Here’s what happened After a tough 2018, Indonesian online lender UangTeman looks to be bouncing back Indonesian online lender UangTeman raises $10m in series B round UangTeman on the brink of collapse, pins hope on white knight Troubled UangTeman finds potential buyer, seeks OJK license extension Investors in UangTeman struggle to claw back their money Indonesia’s UangTeman loses online lending license -
As blockchain-related projects gather steam across Asia, the region’s countries are adopting crypto in unique ways.
While Vietnam’s strong gaming culture has driven its crypto boom, India’s NFT gold rush has been powered by Bollywood film stars. However, regulation is still a tough nut to crack across the region.
In this episode of Deep Dive, Tech in Asia’s Thu Huong Le, Nikita Puri, and Melissa Goh discuss how countries across Asia are navigating the world of crypto.
Featured reporters: Thu Huong Le, a Tech in Asia journalist based in Vietnam Nikita Puri, a Tech in Asia journalist based in India Melissa Goh, a Tech in Asia journalist based in Singapore Essential reading: Explaining Vietnam’s crypto boom Inside the tsunami of NFTs in India Is Dubai stealing Singapore’s thunder in crypto? The Philippines: Asia’s next crypto hub? How NFTs are going from megabytes to mega bucks -
Grab, one of the region’s most valuable tech companies, made its Nasdaq debut last month after a record US$40 billion merger with Altimeter, a New York-listed blank-check company.
However, the super app’s first few weeks of public life haven’t been the easiest, with its shares ending at US$7.12 apiece last week – a roughly 45.5% discount to their opening price in December.
In this episode of Deep Dive, Tech in Asia’s Terence Lee, Aditya Hadi Pratama, and Simon Huang discuss Grab’s ride to the public market, its financial performance over the past year, and its prospects for the future.
Featured reporters: Terence Lee, editor-in-chief at Tech in Asia Aditya Hadi Pratama, a Tech in Asia journalist based in Jakarta, Indonesia Simon Huang, Tech in Asia’s industry analyst based in Singapore Essential reading: Grab’s financial health in 8 charts Grab shares dip over 20% on Nasdaq debut despite strong opening Grab shares may drop further as more stocks flood the market Examining Grab’s incentive-fueled growth -
Dark stores – more widely known as microdistribution hubs – have been gaining prominence in India and Southeast Asia, with grocery delivery startups like Dropezy and Zepto raising millions of dollars in funding and setting up hundreds of centers across the region.
The future of this segment is brighter than its name suggests. By 2025, India’s consumables market is projected to hit roughly US$1 trillion while Southeast Asia’s online grocery market is expected to reach US$11.9 billion – a prime opportunity for operators of dark stores.
In this episode of Deep Dive, Tech in Asia’s Nikita Puri discusses the ins and outs of this rising phenomenon, the key players leading the segment, and how dark stores can change the way we buy groceries - or anything else we might need.
More information on today's episode here: https://www.techinasia.com/deep-dive-bright-future-dark-stores
Featured reporter: Nikita Puri, a Tech in Asia journalist based in India Essential reading: Dark stores light up red-hot grocery delivery market Stanford dropouts’ firm bags $60m to speed up grocery delivery in India Indonesian e-grocery startup raises $2.5m to deliver orders in 20 minutes Episode sponsor:HVR 6.0 allows organizations to incorporate real-time movement into new and existing data management strategies, load massive tables much faster to speed up the adoption of new analytics systems, configure network encryption to make it secure by default, and dramatically simplify the deployment of initial data replication.
Sign up now to take a test drive of HVR 6.0: https://techin.asia/hvr6
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After recently closing a US$400 million series D round from an investor consortium led by SoftBank Vision Fund 2 and Warburg Pincus, Singapore-headquartered Advance Intelligence Group joined the unicorn club.
Its most well-known service? Atome, one of the region’s most prevalent buy now, pay later (BNPL) platforms.
However, the group has a lot more under its belt, offering services ranging from digital lending and risk management to merchant software services that span 12 markets across Asia, Greater China, and Latin America.
In this episode of Deep Dive, Tech in Asia’s Melissa Goh sheds light on Advance Intelligence, discussing the common thread that runs through its various business units, how it fared during the pandemic, and the company’s plans for the future.
More information on today's episode here: https://www.techinasia.com/deep-dive-atomes-enigmatic-parent-company
Featured reporter: Melissa Goh, a Tech in Asia journalist based in Singapore Essential reading: The enigmatic unicorn behind BNPL firm Atome Southeast Asia’s biggest buy now, pay later players StanChart to pour $500m into Atome as part of strategic partnership Singapore’s Advance Intelligence Group enters unicorn club after SoftBank co-led $400m round Episode sponsor:HVR 6.0 allows organizations to incorporate real-time movement into new and existing data management strategies, load massive tables much faster to speed up the adoption of new analytics systems, configure network encryption to make it secure by default, and dramatically simplify the deployment of initial data replication.
Sign up now to take a test drive of HVR 6.0: https://techin.asia/HVR6
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Over the past year, financial services major Stripe has been stepping up its efforts to enter the Indonesian market, targeting key positions for early hires. Among them is former Grab Indonesia executive director Ongki Kurniawan, who’s now leading Stripe’s charge in the country.
However, Indonesia is bustling with ambitious, freshly funded fintech players such as Xendit, Doku, and Gojek’s Midtrans, and this could make Stripe’s foray into the Southeast Asian archipelago all the more challenging.
In this episode of Deep Dive, Tech in Asia’s Ardi Wirdana discusses the payment giant’s Indonesia ambitions, the hurdles it faces in establishing a foothold in the market, and the impact that Stripe could have on the local fintech scene.
More information on today's episode here: https://www.techinasia.com/deep-dive-stripes-rough-road-indonesia
Featured reporter: Ardi Wirdana, a Tech in Asia journalist based in Indonesia Essential reading: Stripe readies Indonesia entry, but the road just got rougher Indonesia fintech hits hurdle with new rules on foreign control Episode sponsor:HVR 6.0 allows organizations to incorporate real-time data movement into new and existing data management strategies, load massive tables much faster to speed up the adoption of new analytics systems, configure network encryption to make it secure by default, and dramatically simplify the deployment of initial data replication.
Sign up now to take a test drive of HVR 6.0 at https://techin.asia/hvr6
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It wasn’t too long ago that in India, Kashmiri apparel sellers carrying large, red-checked bed sheets full of handmade embroidered shawls, dress materials, and stoles would spend their days knocking on door after door, trying to sell their wares to people in the neighborhood.
These sellers took a direct-to-consumer (D2C) approach to business, doing away with middlemen by hawking their merchandise to customers themselves.
That same business model has evolved, and it’s been seeing a boom in investments in India. Consumer brands are raking in hundreds of millions of dollars from prominent venture capital firms like Sequoia and Temasek. However, there are some key differences between today’s D2C businesses and the door-to-door sellers of yesteryears.
On this episode of Deep Dive, Tech in Asia’s Samreen Ahmad discusses the emergence of India’s D2C decade, the sheer potential within the sector, and the hurdles that players in the scene may face in the future.
More information on today’s episode here: https://www.techinasia.com/deep-dive-indias-d2c-boom
Featured reporter:
Samreen Ahmad, a Tech in Asia journalist based in IndiaEssential reading:
The decade of D2C has just begun in India In Indonesia, a golden age of VC-backed consumer brands may be imminentEpisode sponsor:
HVR 6.0 allows organizations to incorporate real-time data movement into new and existing data management strategies, load massive tables much faster to speed up the adoption of new analytics systems, configure network encryption to make it secure by default, and dramatically simplify the deployment of initial data replication.Take a test drive of HVR 6.0 now: https://techin.asia/hvr6
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Founded in 2010, Bukalapak initially had trouble raising funds because “nobody wanted to invest,” co-founder and former CEO Achmad Zaky said during a fireside chat at the Tech in Asia Conference in 2019. He even considered closing the business after its first year, but he persevered instead and Bukalapak became a unicorn around eight years after its launch.
Last week, the ecommerce player notched another milestone: It went public on the Indonesia Stock Exchange – the first unicorn to do so – boosting its valuation to approximately US$7.5 billion.
On this episode of Deep Dive, Tech in Asia’s Aditya Hadi Pratama and Simon Huang discuss the early days of Bukalapak, dive into the numbers behind its landmark initial public offering, and posit what’s in store for the company’s future.
More information on today's episode here: https://www.techinasia.com/deep-dive-bukalapaks-ipo-big-deal-indonesia
Featured reporter:
Aditya Hadi Pratama, a Tech in Asia journalist based in Indonesia Simon Huang, Tech in Asia’s industry analyst based in SingaporeEssential reading:
Bukalapak’s IPO, the largest ever on IDX, takes its valuation to $7.5b Visual: Bukalapak’s decade-long journey to IPO Bukalapak is using this deck to make its case for a $1.5b IPO 9 highlights from Bukalapak’s confidential investor deck Bukalapak’s seed round pitch deck How Gojek and Bukalapak found the initial spark that turned them into giants Mitra Bukalapak’s roadblock: Indonesia’s FMCG giants Being no. 2 isn’t a bad thing: Bukalapak’s Achmad Zaky For more stories on Bukalapak, click hereEpisode sponsor:
HVR’s technology empowers organizations to realize their full potential with continuous, high-volume data movement between cloud-based and on-premise systems. Visit HVR’s website to get fresh data when you need it: https://techin.asia/hvr
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[This episode was produced in partnership with CleverTap]
In 2014, Sunil Thomas, Anand Jain, and Suresh Kondamudi had left their jobs at Indian media conglomerate Network18 to start up CleverTap.
The mobile marketing platform’s birth was inspired by a recurring “painful problem” that the trio faced as engineers whenever marketers wanted to personalize their website or app in order to engage with users.
So the team built CleverTap to enable just that. While the early days of the company were challenging - it took more than two years before it would make any money - the co-founders knew they had a revolutionary product on their hands. Despite that, they never imagined it would become the multimillion-dollar business that it is today, with revenue numbers doubling every year for the past four years.
On this special episode of Startup Snapshot featuring Thomas, CleverTap’s CEO, tells the story of how the business came to be, sheds light on the early days of its operations, and discusses the lessons he’s learned from his experience.
More information on today's episode here: https://www.techinasia.com/idea-spawned-multimilliondollar-business
Featured interviewee:
Sunil Thomas, CEO and co-founder of mobile marketing platform CleverTapEssential reading:
Why We Changed Our Brand Name to CleverTap For more of Tech in Asia’s coverage of CleverTap, click here: https://www.techinasia.com/tag/clevertapEpisode sponsor:
CleverTap helps businesses build valuable long-term relationships with customers by giving them access to real-time behavioral analytics and a platform to engage users on the right channels at the right time, with a message that resonates.
Visit CleverTap’s website to learn more: https://bit.ly/clevertapctatia
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For years, HungryGoWhere was the go-to platform for anyone looking for grub and sustenance in Singapore.
But last month, the site announced that it’s ending its 15-year run, bidding loyal users - the few who were still around - farewell and thank you.
On this episode of Deep Dive, Tech in Asia’s Melissa Goh discusses the events that led to HungryGoWhere’s shuttering, insider accounts about how the company was run, and a potential sale that could give the platform a second wind.
More information on today's episode here: https://www.techinasia.com/deep-dive-hungrygowhere-sizzle-steak
Featured reporter:
Melissa Goh, a Tech in Asia journalist based in SingaporeEssential reading:
Singtel’s restaurant review portal HungryGoWhere to close in July Why did HungryGoWhere go nowhere? Not dead yet: Singtel looks to sell HungryGoWhere after receiving offers Why many of Singtel’s digital bets failed after a decade of trying A history of Singtel’s successes and failures in reinventing itself For more stories on Singtel, click hereEpisode sponsor:
HVR is joining Tech in Asia for a virtual event on July 14, where chief technology officer Mark Van De Wiel will discuss how to accelerate your business with real-time data delivery, alongside Geoff Soon, South Asia managing director of cloud data firm Snowflake; Andrew Psaltis, Asia Pacific director of data analytics and AI/ML at Google; and Kai Xin Thia, senior data scientist at the London Stock Exchange Group.
Sign up now to discover how to harness the power of cloud data to accelerate your business growth and increase revenue opportunities with HVR.
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Last month, Indonesia-based super app Gojek and online marketplace Tokopedia announced a merger to form GoTo Group.
The move would give both companies a boost against their respective rivals: Gojek against fellow super app Grab, and Tokopedia against Shopee, Sea Group’s ecommerce arm. However, potential redundancies in the combined entity have already been spotted, raising questions about the future of its various services.
On this episode of Deep Dive, Tech in Asia’s Aditya Hadi Pratama discusses the events in the lead-up to the deal, GoTo’s prospective future, and what impact the merger could have on the wider Asian startup ecosystem.
More information on today's episode here: https://www.techinasia.com/deep-dive-gojek-tokopedias-merger
Featured reporter:
Aditya Hadi Pratama, a Tech in Asia journalist based in IndonesiaEssential reading:
Gojek and Tokopedia officially announce merger Gojek, Tokopedia’s merged entity GoTo plans pre-IPO fundraise Following the GoTo merger, should Grab buy an ecommerce marketplace? Overlap in Gojek and Tokopedia services suggests possible redundancy GoTo appoints ex-Ernst & Young exec as CFO ahead of its IPO plans Visual: How a decade of work led to the GoTo merger For more stories on GoTo, click here Episode sponsor:HVR’s technology empowers organizations to realize their full potential with continuous, high-volume data movement between cloud-based and on-premise systems. Visit https://techin.asia/hvr to get fresh data when you need it.
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Last month, Grab announced its plans to go public in the US via a merger with Altimeter Capital, a special purpose acquisition company.
Shortly after, Grab unveiled an investor presentation that revealed previously closely guarded financial details.
On this episode of Deep Dive, Tech in Asia industry analyst Simon Huang dives into the deck, parsing through what it says - and doesn’t say - and what it may indicate for the future of the Southeast Asian super app.
More information on today's story here: https://www.techinasia.com/deep-dive-grabs-investor-presentation
Featured reporter: Simon Huang, Tech in Asia’s industry analyst based in Singapore Essential reading: 6 surprises from the reveal of Grab’s jealously guarded financials Retrace the forgotten history of Grab with this timeline Grab used this deck to reveal its financials to investors Visualizing the size of Grab Visual: Tracking Grab’s journey to a $40 billion valuation Breaking down Grab’s $40b valuation The superpower behind Grab’s super app? For more stories on Grab, click here Episode sponsor:HVR’s technology empowers organizations to realize their full potential with continuous, high-volume data movement between cloud-based and on-premise systems. Visit https://techin.asia/hvr to get fresh data when you need it.
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