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Today’s top tech news, Jan 18: India’s Dailyhunt raises US$3.5M

In addition to Dailyhunt, we also have updates from Delegate, Go-Jek, Coins.ph, and a scholarship programme for IT talents

dailyhunt_funding_news

Indian news aggregator Dailyhunt raises US$3.5 million – Dealstreet Asia

Indian regional language news aggregator platform Dailyhunt has raised INR24.61 crore (US$3.5 million) in Series E2 funding round, Dealstreet Asia reported.

Documents from intelligence platform Paper.VC named Omidyar Network, Sequoia Capital and the Renu Sehgal Trust as investors in the funding round.

Founded in 2007 by Virendra Gupta, the platform started out as an aggregator of news from newspapers. It also has a focus on aggregating and providing video content, as well as live television streaming.

Dailyhunt has raised INR36.9 crore in an earlier Series E2 funding round from LightVC.

Singapore’s Delegate raises US$1M pre-Series A funding round – e27

Singapore-based event management platform Delegate today announced that it has raised a US$1 million pre-Series A funding round from an undisclosed family office and former Zopim CTO Yang Bin Kwok.

The company planned to use the funding to support its expansion to the US and Australia as well as to improve its PRO SaaS product.

Delegate is a platform for users to find vendors to manage their events, from parties to marriage proposals.

Its PRO platform help vendors manage their business online through services such as lead generation, customer relations management (CRM), and payments.

Also Read: India’s DailyHunt raises US$25M from ByteDance, Sequoia and Matrix to aggregate content in local languages

Go-Jek invests in the Philippines’ Coins.ph – e27

Indonesian on-demand transportation, payments, and logistics giant Go-Jek today announced that it has made a “substantial” acquisition of Philippines-based blockchain-based fintech company Coins.ph.

Go-Jek also announced a partnership with Coins.ph to encourage greater cashless financial transactions in the Philippines by combining Go-Pay’s technological expertise, scalability and experience in Indonesia with ​the blockchain firm’s deep local knowledge.

Coins.ph Founder and CEO Ron Hose and his team will continue with their existing roles following the acquisition, with no impact to the platform’s users.

Indonesia to allocate US$7M for IT scholarship – KataData

The Indonesian government through the Ministry of Communications and Informatics is set to allocate IDR100 billion (US$7 million) of funds for an IT professional scholarship programme, KataData reported.

For the scholarship programme, the ministry will work with 28 private and public universities, 22 polytechnics, and five global tech companies.

The programme is being divided into four categories (“academies”): Freshgraduates, vocational schools, coding teachers, as well as online academies.

The programme aimed to solve Indonesia’s challenge in providing IT talents.

Image Credit: rawpixel on Unsplash

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What I learned about procrastination while scaling my startup to 4.2M users

A problem that can be detrimental to your business, yet is not often discussed

Photo by Nik Shuliahin on Unsplash

Cosy.

That’s how I felt.

Tucked beneath what may have been the world’s softest blanket.

I took a deep breath and rolled onto my side. It was a familiar moment — the moment when my 6 a.m. alarm clock sounded, after a night of tossing and turning.

The moment when my daily responsibilities had yet to beckon me. The moment when the clouds of my imagination felt more real than writing lines of code.

In a few minutes, I would answer the same question I had faced every weekday for the past year:

Should I stay in bed or should I work on my side business?

At the time, I was working as a programmer for an NYC media company.

Balancing a full-time job with the responsibilities of scaling my startup, JotForm, taught me a lot about myself.

Among other things, I learned that I was somewhat risk-averse.

The typical path of raising venture capital wasn’t appealing to me. Additionally, as someone who highly values personal freedom, I didn’t want to make myself beholden to anyone.

This meant two things:

  1. I had to prioritize profitability from day one.
  2. In order to experience consistent gains, I had to consistently beat my arch-nemesis: procrastination.

My biggest realisation? The reasons we avoid completing a task, at any given moment, are extremely personal. And commonly touted “productivity hacks” don’t always cut it.

I want to share my experience of overcoming procrastination while scaling a side project into a company that now employs more than 130 people.

But before diving in, it might be interesting to take a look at how two types of founders handle procrastination: VC-backed founders vs bootstrappers who build their startups without any outside funding.

Are bootstrappers more likely to procrastinate?

Bootstrappers like myself aren’t the only entrepreneurs who sometimes grapple with the snooze button.

However, VC-backed founders may have a slight psychological advantage when compared to their bootstrapping counterparts: The pressure that comes with taking someone else’s money.

But that’s not all.

VC-backed founders are motivated to “pay investors back” sooner rather than later for another reason: Once a company has grown accustomed to a certain level of spending, scaling back becomes next to impossible.

Should the company fail to gain traction within 12 to 18 months, it could very well become another failure statistic.

Thus, the VC-backed founder who doesn’t feel like sending out emails Monday morning has every incentive to do so.

Conversely, the bootstrapper must learn how to push through procrastination — without the motivating force of a ticking clock and a room full of unhappy investors.

I encountered this learning curve while building JotForm in 2006. It was my first year in business, and my bedroom served as the company headquarters.

While I loved what I was building — a user-friendly form builder to help organizations enhance productivity — the temptation to procrastinate sometimes got the best of me.

Whether it was the lull of my comfy bed or the laughter promised by a favourite TV show, my home office was riddled with distractions.

During this time, I read many books about entrepreneurship, productivity, and procrastination. Sometimes their advice worked for me, and other times it didn’t.

The real reasons we procrastinate


When I became especially curious about the topic of procrastination, I often wondered:

Why do we delay doing the tasks that get us closer to the things we say we want?

Through self-observation, one thing became clear: There was always a reason for my procrastination.

Whenever I noticed the urge to put something off, I tried to ask myself “why.” Surely enough, my mind always answered.

Once I had identified the real problem — that was causing the feeling of avoidance — I could develop an appropriate plan of action to reclaim my productivity.

As simple as it sounds, identifying the root problem is somewhat contrary to common advice. The internet is filled with articles that advise us to push through feelings of resistance.

Heidi Grant, a social psychologist, and Harvard Business Review contributor, echoes this sentiment:

“Somewhere along the way, we’ve all bought into the idea, without consciously realizing it, that to be motivated and effective we need to feel like we want to take action… I really don’t know why we believe this, because it is 100 per cent nonsense.”

Also Read: How I navigated the trials of building an early stage startup

While I completely agree and have often written about how organizational systems can enhance productivity, I believe something extremely important is often overlooked:

Productivity hacks are only effective when we know why we’re avoiding something in the first place.

Just do it” isn’t a sustainable solution for beating chronic procrastination. If we repeatedly find ourselves avoiding certain tasks, an underlying problem needs to be addressed.

Once we identify the real cause, we can search for the right productivity hacks and solutions to meet our needs.

Here are the most common reasons that I figured often lead us to procrastinate:

1. We feel like we’re not making progress

Think back to the last time you started a new project. You probably felt excited about executing that new marketing strategy, blog content idea, or programming stack.

Fast forward a couple of weeks, and you now find yourself approaching the same task with a twinge of discouragement.

Observe your procrastinating mind in action, and it’s probably saying something like: My hard work isn’t being rewarded; this isn’t fun.

Science says humans are intrinsically more motivated by instant gratification than delayed gratification. Considering that worthwhile projects are rarely built overnight, this tendency is annoyingly inconvenient. The solution?

Stanford University behavioural scientist and lecturer BJ Fogg recommends creating systematic behavioural changes that correspond with “small wins.”

In other words, create your own way to celebrate small milestones. According to Fogg, every task should be accompanied by “a trigger” — and the easier the action better.

Say you’re committed to writing content for your new website. You might make an agreement with yourself to write one paragraph after each time you use the restroom, and continue to follow this trigger throughout the day.

Once you’ve completed the task, Fogg urges you to celebrate in a predetermined manner. The celebration could be as simple as treating yourself to a piece of chewing gum or as active as taking a bike ride through a favourite part of town.

Treat the series of actions like a game:

Trigger → Task → Celebration.

Why does this work? Creating small wins provides an incentive to keep working toward the finish line. Eventually, the actions create a habit that may become enjoyable.

2. We’re not sure where to start

Another common reason for procrastination? Having so much to do that we’re not sure where to begin.

During the early days of building JotForm, I wasn’t always sure what to work on. With seemingly endless tasks begging for my attention, I often ended up “procrastinating” with low-value activities.

Based on my conversations with other founders, I know my experience was far from unique. A lack of organizational systems leads to unnecessary feelings of overwhelm, confusion and avoidance.

Here’s the key:

a) Acknowledge that it’s normal to feel uncertain when beginning something new.

b) Brainstorm with mentors, advisors, and friends how to best prioritize your time.

The more systems we put in place, the less we find ourselves procrastinating. I’m reminded of the importance of this each year when I visit my family. They own a small olive farm that runs like a well-oiled machine.

Everyone knows what needs to happen first, second and third when we harvest the fruit. With no room for guesswork, procrastination is virtually non-existent.

3. We’re afraid of failing

This is the unofficial mantra of Silicon Valley tech founders.

– Fail fast, fail often.

However, look beneath the surface, and a different image will emerge: ambitious entrepreneurs who are terrified of making a bad decision.

As one anonymous insider shared with management consultant and Forbes contributor Rob Asghar:

“Many people here do talk about embracing failure, but that’s usually just hype. Many of them fear any kind of failure, and the pressure to succeed is so intense that some new businesses instead find themselves looking for shortcuts.”

While some founders cope by taking shortcuts, others stall out due to perfectionism. The tendency shows up in the form of delayed launch dates, missed deadlines, and “productive procrastination.”

During the early days, it wasn’t uncommon for me to spend a ridiculous amount of time on tasks that didn’t really matter.

Meanwhile, I was missing out on opportunities to grow our customer base, forge business partnerships, and help even more organizations enhance their productivity with user-friendly forms.

Also Read: How to acquire your first 1,000 loyal users and get them to actively use your product

This was another reason I made the controversial decision to forego venture capital. I knew the pressure of a board looking over my shoulder would clash with my inner perfectionist.

Does that mean I never procrastinated for fear of failure? No — but I could be gentle with myself when it happened.

“It’s not necessarily the sky-high standards that slow you down, but the sky-high standards mixed with a belief that your performance is tied to your self-worth,” says Ellen Hendriksen, Boston University Psychologist. “That combination can grind you to a halt.”

Hendrickson recommends that we should consistently remind ourselves of the crucial difference between who we are and what we achieve.

Easier said than done, but it’s sound advice.

4. We dislike the task itself

Surprise, surprise — the most common reason for procrastination may actually be disliking the task at hand.

It’s no secret that building a business involves several moving parts. Understandably, everyone enjoys some tasks more than others.

One person may have an affinity for cold email campaigns, while another would rather play in traffic.

In such instances, HBR contributor Heidi Grant recommends using something she calls “if-then planning.” The process involves identifying the specific steps needed to complete a task and — most importantly — where and when you will do it.

For example: If it’s 11 a.m. then I will stop what I’m doing and cold email prospects.

Grant claims the process is different than relying on sheer willpower alone.

Personally, I find it more effective to ask targeted questions:

What could happen if I complete this task?

What could happen if I don’t complete this task?

What is my overarching vision? Why does it matter?

Once I reconnect with my goals and remind myself of the potential outcomes, I’m back on track. Obviously, there is no “right way” to deal with procrastination.

These are just some of the methods that have worked for me over the years. Everyone has unique personality quirks, internal motivations, and reasons for procrastinating.

Translation: The newest productivity hack everyone is raving about may not work for you. And that’s okay.

Identify your personal reasons for procrastinating, apply the best-suited advice and ignore the rest.

Oh, and do your best not to hit snooze — no matter how cosy your bed might feel.

This post first appeared on jotform.

e27 publishes relevant guest contributions from the community. Share your honest opinions and expert knowledge by submitting your content here.

Photo by Nik Shuliahin on Unsplash

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Inspired by the lack of reproductive health awareness in Myanmar, Myhealthcare allows patients to chat with doctors

We reached out to Chit Hnin Pwint Wai to talk about her company, Myhealthcare, a mobile-based health consultancy and health checkup booking in Myanmar

After winning Startup of the Year last year in ASIAN Rice Bowl Startup Awards in Malaysia, the name Myhealthcare started to gain traction in health tech industry, and that’s not without a reason. Enter Chit Hnin Pwint Wai, who’s an aid of women reproductive issue, and took the matter seriously to start a company.

“In Myanmar, there is a lack of reproductive health access directly to the expertise. Burmese (Myanmar) women are too shy to discuss issues about contraceptives with family members, friends, and even doctors face to face. They don’t want to go to the hospitals for sexual health problems due to fear of being stigmatised,” said Chit.

Also Read: Go-Jek acquires majority stake in Philippines’s blockchain fintech company Coins.ph

Chit then shared her knowledge about the staggering numbers that has taken its toll among Burmese women and overall health scene in Myanmar.

“The statistics show that 282 women die in every 100,000 live births. It’s all most probably because they don’t have the right health knowledge. On top of that, only 1.33 healthcare worker (or 0.6 doctor) is out there to look after every 1,000 people in Myanmar,” she began with the statistics.

Shyness about reproductive issue can no longer be tolerated, and Myhealthcare, looking at the problems in the bigger scope, also provides the platform to tackle the shortage of skilled health labor in Myanmar.

M-health solution

In May 2016, The Myanmar Times revealed that approximately 43.72 million SIM cards have been sold in the country, signified the high mobile penetration the country had had since the 2014’s revolution. So building the mobile-based platform is something that made sense.

“We built the mobile health platform so the users can access confidential counseling as well as to reduce delay in receiving appropriate care and improve preventive health knowledge. MyHealthcare app provides remote medical help for every citizen with the aim to save time, energy, and cost, resulting in greater efficiency,” Chit added.

Since Myhealthcare is built on mobile apps, the health space it manages to cover isn’t limited to healthcare assistance through online connection, but also health education. The education side on its own is an untapped potential to create awareness around reproductive health issues.

As for the general health practice, Chit added that the health education that the company provides aimed at decreasing the workload at public hospitals, thereby cutting national
healthcare expenditure.

Asking health-related questions

The company’s platform works with a simple approach of Q&A. Like many others health tech players, it would be the easiest way to connect doctors and patients and one way that has been proven to be working before.

With Myhealthcare, Chit explained that patients can ask health-related questions that are answered by doctors on their specialties via chatting, voice messages/voice calls, video message and video call. Information on the nearest hospitals and doctors as well as its reviews are also available with health articles.

In terms of patient’s confidentiality, Myhealthcare ensures that no other personal identities apart from age, gender, and township are shared.

Since the healthtech space is a crowded one, it’s hard to differentiate and offer something that’s entirely unique and needed. Bringing ‘Reliability, Safety, Confidentiality’ as the service it’s committed to give its users still needs a deal breaker that can convince people to be a regular user.

“The patients can get medical help from doctors round the clock,” Chit mentioned about the convenience Myhealthcare provides with the direct chatting system it has, which also becomes its strength

A competition frontrunner

In the case of Burmese startups, recognitions are often a part of immersing your business into the eye of the public. Since 2014’s revolution, businesses and ideas on the ground have taken another level in Myanmar, and so competition for the scenes become a regular thing.

As for Myhealthtech, the company first secured funding for US$40,000 in total right after they participated in Innovation Marketplace in 2017. The competition was hosted by USAID,
FHI360, and Phandeeyar.

The company was also the winners of Myanmar Women’s Social Business Contest and was able to take a part in the Women’s Social Entrepreneurship Conference in Tokyo, Japan, where they pitched their company.

As a woman-led startup, this is right up the company’s alley since they also won Women-led Start-up Pitch Contest organized by Women’s Forum Singapore.

What lies ahead

With 7,600 users on the platform, Chit said that the company has recorded a total of 2,400 direct consultation through the platform. The most popular feature according to their insight is Frequently Asked Questions, and some of their health articles.

“In the near future, we plan to improve the platform to be able to do e-Prescription and medicine delivery,” said Chit.

Alongside Chit Moe Pwint Wai as the COO, there are two more co-founders on board contributing their expertises: Chit Hnin Pwint Wai, who’s the CEO and also the director of Global New Wave Technology, specialising in Business Development, and Swam Saung Oo, who’s the CMO that brought his experience as a founder of the first mHealth social enterprise in Myanmar in early 2015, which operated 24/7 Healthcare Call Center partnered with Semi-Government MPT and Health Portal (www.healthcare.com.mm).

Chit closed up the conversation by sharing her opinion on the current health tech scene in Myanmar.

“It keeps on evolving, following the political and administrative system and roles in this country. The Ministry of Health remains the major provider of comprehensive health care, with the mix of public and private system both in the financing and provision.”

Also Read: FAQ: Paid-up capital and incorporating in Singapore

“Universal health coverage in Myanmar in the immediate future will be very challenging as a result of the low health service coverage, high financial risk, and inequalities in access to care. Thus, I believe health service coverage and financial risk protection for vulnerable, disadvantaged populations should be prioritised,” she ended.

Image Credit: Myhealthcare

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Vietnamese e-wallet service MoMo raises Series C funding led by Warburg Pincus

MoMo wants to continue on investing in its technology, particularly in the use of AI, security, and big data

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Vietnamese e-wallet and digital financial services platform MoMo announced on Wednesday, January 16, that it has raised a Series C funding round led by global private equity firm Warburg Pincus, wrote Vietnam Economic Times.

The company did not reveal the exact figures but a report by Dealstreet Asia puts the number at around US$100 million.

The company said that the new funding will provide it with “substantial resources” to expand its footprints and develop “millions” of payment points throughout Vietnam.

Also Read: Vietnam’s FastGo commences operation in Myanmar

It will continue to invest in technology, particularly in artificial intelligence (AI), security, and big data.

MoMo claimed to serve nearly 10 million users on its e-wallet platform; its transaction volumes has also grown more than three fold over 2018.

In addition to enabling customers to pay for purchases at various merchants, the MoMo platform also enables users to buy phone credits, send money, and pay bills.

Entering 2019, startups of various verticals in Vietnam have been announcing late-stage funding rounds.

This week, e-commerce site Leflair announced a US$7 million Series B funding round while fintech startup Tima announced its Series C effort.

Image Credit: Chang Duong on Unsplash

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KL-based e-hailing startup EaziCar raises US$73K via equity crowdfunding

The new e-hailing company manages to pull out a total of RM300,000 (US$73,000) on crowdfunding

EaziCar, a Malaysia-based e-hailing company announces that it has raised RM300,000 (US$73,000) equity crowdfunding using Ata Plus platform.

With the funding, the company plans to create a ride-hailing experience that’s centered around the drivers and passengers motivation and loyalty, which the company believes to be the future of e-hailing market. The company will further focus on marketing initiatives and product development.

Also Read: Vietnamese e-wallet service MoMo raises Series C funding led by Warburg Pincus

EaziCar offers peer-to-peer e-hailing services via mobile app and it aims to address drivers and passengers loyalty via both benefits and incentives.

As of January 2019, EaziCar said that it has signed 428 drivers on their platform and have since launched its mobile apps.

What differentiates EaziCar is that it gives drivers the flexibility and benefits like just a one-time registration to cover the region. EaziCar also takes pride in the control-free platforms that will not require its drivers to hit a certain quota of trips to be incentivised.

In addition to a more laid-back regulations for drivers, eligible drivers of EaziCar are also provided with medical benefits to ensure their basic necessities are covered.

From passengers side, EaziCar will offer incentives to its passengers with a cash reward system to merit passengers instead of using points. EaziCar’s long-term rebates offer passengers an additional 5 per cent for each reload on their Eazi Pay account.

Also Read: What I learned about procrastination while scaling my startup to 4.2M users

“Our focus is in ensuring the satisfaction of our drivers by providing attractive benefits, as well as taking preemptive measures in the safety and convenience of our passengers, we do believe we have an edge from our competitors.” says Alex Teow Boon Heong, Co-Founder and CEO of EaziCar.

“We are optimistic in EaziCar’s impact in the future growth of the industry, notably in the wellbeing in their passengers as well as their drivers,” said Kyri Andreou, co-founder and director of Ata Plus.

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