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Ecosystem Roundup: Startup funding in SEA continues decline in Q3; Digital banking heats up in Vietnam


All the most recent main startup tales curated from Southeast Asia’s main publications in a capsule format

Large Thought Ventures, Ashika Group announce first India different protein fund-cum-accelerator; It would again and help startups engaged on plant-based, fermentation-derived and cultivated meat, seafood, egg and dairy options; At the moment, BIV already operates a US$50M worldwide fund and two accelerators throughout NY and Singapore. Green Queen

Thailand’s full service e-commerce logistics agency Flash Categorical raises US$200M Collection D; Traders embody PTT Oil and Retail Enterprise Public Firm (lead), Durbell, Krungsri Finnovate; Complete funds raised thus far is US$400M; The 2-year-old startup has over 5K service branches, masking all 77 provinces of Thailand and delivering greater than 1M parcels per day. e27

Startup funding in SEA continues decline in Q3 as pandemic rages on; In keeping with a report, startups within the area raised ~US$1.8B in Q3, a drop of 34% q-o-q and near 40% y-O-y; Singapore changed Indonesia as the highest vacation spot as native startups amassed 58% of complete funds raised. DealStreetAsia

Digital banking heats up in Vietnam amid COVID-19, booming e-commerce; In Q2 2020, total visits to procuring apps reached 12.7B, rising 43% q-o-q and surpassing that of most different SEA international locations, in line with a report by VNExpress; In Q1 2020, e-payments rose 76% with the overall worth of transactions leaping 124% in comparison with Q1’19. Fintech News

‘Corporations shut down not due to crises however solely when founders quit’: Joseph Phua of M17; On this candid dialog with e27, Phua talks about his startup journey, challenges confronted, classes realized, M17’s failed IPO, and his future plans. e27

On-line jewelry startup ZCOVA raises US$240Okay seed funding led by NEXEA; Primarily based in Malaysia and Singapore, ZCOVA gives dual-certified diamonds at a near-wholesale value; The agency’s in-house jewelry consultants work on a zero-commission coverage. Your Digital Wall

Asia’s meals supply potential is about to unlock post-COVID-19; The continent accounts for 55% of the meals supply market globally, with way more potential for development; The penetration charge in 2020 is roughly 11.5% and is anticipated to exceed 15% by 2024; Nevertheless, Asia markets’ range can show to be the best problem for sustainable development. e27

How Gen Z’s journey behaviours are altering the way in which all of us get round for the higher; As early adopters of journey sharing and micro-mobility, their collective ‘shopping for energy’ might’ve a optimistic impression on city mobility; Mobility suppliers mustn’t deal with automobile’s seems, pace and different kind elements; as a substitute they need to deal with effectivity, sharing, sustainability and total expertise. The Next Web

Will QR funds mount a problem in a world dominated by plastic?; An enormous attraction of QR funds is that it’s comparatively low-cost to undertake for retailers in comparison with a standard cost terminal, enabling small and even micro-entrepreneurs to simply accept digital funds. Fintech News

AngelList’s India CEO, former prime exec launch SEA-focused micro-fund; iSeed SEA’s buyers embody Naval Ravikant, Kunal Bahl, Rohit Bansal, Jonathan Swanson; Key goal markets are Indonesia, Singapore, Vietnam, Thailand; iSeed SEA has already invested in 2 startups and plans to put money into a complete of 20-30 companies; Common cheque measurement is US$100Okay. e27

ASEAN faces broad AI hole as Vietnam and Philippines lag behind; If the area’s members decide up the tempo in embracing AI, they may add almost US$1T to the area’s GDP by 2030, says a research; Whereas funding in AI options firms within the US got here to US$155 per capita, the comparable determine for ASEAN was about US$2 between 2015 and 2019. Nikkei Asia Review

Singtel launches Singapore’s first 5G standalone trial community for enterprises; With its low latency and scalability, enterprises can’t solely drive efficiencies and make higher and less expensive choices but additionally ship richer buyer experiences; Ubitus is the primary to make use of it for a 5G cloud gaming trial. ASEA Tech&Sec

From reactive to proactive: The shifting tides of HR; COVID-19 has brought on huge disruption inside the international economic system and workforce; As such, organisations are scrambling to fulfill the calls for of fixing perceptions and expectations of a quickly evolving international economic system. HR Asia

Exploring the wearable well being machine market in SEA; As per a research, The market will register a 26.7% CAGR over the following 5 years; The research cites a number of propelling elements driving the expansion, together with the speed of technological development and innovation, in addition to the growing wealth of people within the area. Tech Collective Asia

SEA startups be part of international giants in race to faucet China’s plant-based different meats market; There’s a giant shift amongst China’s rising middle-class towards merchandise that supply well being and wellness; Singapore-based Inexperienced Planet is one agency that originally targets younger households of their 20s and 30s in large cities in China. Yahoo Singapore

Sensible tech that breaks down Singapore obstacles for individuals with disabilities; An initiative by SG Allow, in partnership with Google, guides individuals with disabilities to arrange a sensible house ecosystem; Amongst them units embody sensible doorbell and lighting system, which is paired with a cellular utility. Malay Mail

Give attention to expertise, not experiences, in a altering world; A skills-based strategy to work is required to construct a resilient, agile and progressive workforce of the long run; Take into account how a shopkeeper received’t have the ability to use his or her in-store gross sales expertise when procuring malls closed throughout bodily lockdowns, and as a substitute needed to decide up new e-commerce expertise to adapt to the net retail enterprise mannequin. Yahoo Singapore

Vietnamese, Indian enterprises to construct sensible cities in Vietnam; The federal government defines sensible cities as the essential driving pressure for socio-economic growth throughout Vietnam, with greater than 830 city areas with an urbanisation charge of 38.6%. Vietnam News

Brunei startups invited to pitch at AIM Startups Competitors; One startup from Brunei might be chosen from the nationwide pitch to affix the International Startups Champions League to vie for the the grand prize of US$50Okay; It’s open to companies with lower than 50 staff, between two to seven-years-old, and with US$25Okay-US$1M annual income. Biz Brunei

5 scorching ideas for startups to create a powerful model from day one; Your model is a narrative that interprets every little thing about your organisation right into a tangible and visual actuality; When your corporation technique adjustments, the model additionally must be tailored; Completely used names, logos, and fundamental colors will change into optimistic belongings in your model. The Next Web

Picture Credit score: Unsplash

The put up Ecosystem Roundup: Startup funding in SEA continues decline in Q3; Digital banking heats up in Vietnam appeared first on e27.



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