Covid

🪓☠️ Covid-19: Southeast Asia tech layoffs and shutdowns

Here’s a list, regularly updated, of tech startup layoffs and shutdowns amid the Covid–19 pandemic. It’s not an exhaustive list, and it doesn’t reflect other troubling trends such…

Velocity Ventures launches $20M fund for SEA startups in travel and hospitality industry

Acknowledging the expansive impact COVID-19 has brought upon Southeast Asia’s tourism sector, Velocity Ventures, a venture capital firm based in Singapore that specializes in the…

SuperSeed II Championship heats up as only 16 teams remain

In partnership with Sixteen Malaysian startups were chosen on Tuesday to go through to the next phase of the SuperSeed II Championship, a competition held for local early-stage…

Shopee is now an $8 billion juggernaut

Southeast Asian internet giant Sea—the company behind Shopee and Garena—has a lot of record highs in its latest financial report, which covers April to June and was released…

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So Singapore is in recession. Here’s why startups shouldn’t despair

Singapore’s virus-hit economic slump is even worse than many feared, with new figures this morning confirming an historically massive 12.6% drop in gross domestic product (GDP).…

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No more at-home massages for you as Gojek adapts to new normal

Southeast Asia's Gojek said in an internal memo today that it’s firing 430 people—about 9% of its total workforce—as it shutters two of its app-based services, according to…

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Singapore invites startups to apply to $205m Covid crisis fund

The $205 million Covid–19 crisis fund for startups announced in Singapore’s May budget went into action over the weekend. It’s designed to bridge the financing gap they…

Shopee’s explosive growth pushes Sea to near $1b revenue

Southeast Asia’s popular Shopee app is seeing explosive growth right now as the pandemic lockdowns push people to shop more online. In April, Shopee’s number of orders were up…

Petronas Twin Towers in Kuala Lumpur, Malaysia

‘The show must go on’: Gobi launches online championship for Malaysia startups

Southeast Asia venture capital firm Gobi Partners is trying something new and somewhat unusual to ensure it can still discover fresh startups across Malaysia to invest in during…