Global electric vehicle (EV) sales are on an upward trajectory, setting new records and sparking optimism for a greener future of transportation. Charging infrastructure is improving, and venture capital investments in the sector are defying trends.

However, as the world shifts gears towards sustainable mobility, the adoption of EVs in Asia is trailing behind. This prompts a crucial question: Is Asia prepared for this EV overhaul? To truly support Asia’s transition, it is crucial to invest in the foundational building blocks that will pave the way for accelerated EV adoption in emerging Asia.

In 2022, Asia contributed a staggering 17.96 billion tons of carbon dioxide emissions, surpassing the transportation responsible for 1.6 billion tons of carbon emissions annually. The urgency to address the environmental impact of Asia’s growing need for freight and passenger logistics cannot be overstated.

While a select few Asian markets have emerged as frontrunners in the global EV market, most others have been slower to embrace low-carbon technologies for mobility solutions. Considering Asia’s pivotal role in global trade, it is imperative to develop tailored solutions that consider the unique challenges and opportunities faced by the region.

Asia needs tailored EV solutions that factor in ground realities

Considering that Asia is projected to contribute about half of the world’s trade growth by 2030, the Asian EV sector is going to be a decisive battleground for achieving global decarbonisation. Two major factors in the transition will be utility and costs.

Also Read: Exponent Energy unlocks a zero to 100 per cent 15-min rapid charge for electric vehicles

In other words, the first phase of EV adoption in Asia is being driven by fit-for-purpose electric vehicles offering the same productivity as internal combustion engine (ICE) vehicles, with reduced total cost of ownership. Specific problems are being addressed by incorporating features such as ‘on-road charging’ to lower the demand for regular stops and the installation of new charging points to overcome key pain points for users.

Startups manufacturing fit-for-purpose electric vehicles:
In India, Euler Motors produces 3-wheel vehicles that incorporate on-road charging with special features such as a bigger battery of ~13kWh capacity and a higher range. Combined with the vehicle’s best-in-class payload, these features increase productivity and lower the cost of mobility.	In Vietnam, Selex Motors designs its own batteries with energy density four to five times higher than lead-acid batteries, enabling a long battery life span and greater travel distance. The company has also established a battery-swapping network for e-scooters.	In Thailand, ETran custom designs vehicles for crowded urban areas and narrow streets with specific turning and tilt angles. ETran also provides battery swapping for two-wheel vehicles at its power stations.

Commercial fleets are paving the way

Businesses are at the forefront of Asia’s EV transition. Commercial fleets are sensitive to the increasing price of fuel and high maintenance and operating costs of ICE vehicles. Companies in the business-to-business (B2B) space are thus being incentivised to electrify their fleet as the low operating expenditure and total cost of ownership of EVs allow for higher margin extraction.

Startups electrifying commercial fleets:
BlueSmart and Magenta in India, as well as Mober in the Philippines, are implementing different versions of the third-party logistics model using electric vehicle fleets.			Zypp Electric in India, and Blitz in Indonesia are electrifying fleets and consolidating deliveries of e-commerce companies, traditional retailers as well as courier companies, contributing to the reduction of carbon footprints.

Also Read: Thinking out loud: Are electric vehicles as sustainable as we believe?

Finance and specialisation are the emerging trends that drive adoption

Innovation is paramount for driving the uptake of green logistics and transport. Specialised companies such as those focusing on battery pack manufacturing, charging station deployment, and electric vehicle financing are emerging as key players that demonstrate crucial insights and tailored solutions to the two main challenges to EV adoption in the region: lack of easy access to charging and high upfront costs.

Startups offering specialised finance solutions and battery infrastructure:
Revfin offers finance for electric rickshaws across more than 1000 locations in tier two and three cities in India by leveraging data analytics, non-traditional underwriting methods and a tech-driven platform. Three Wheelers United is similarly offering a range of financing solutions to electric rickshaw drivers in India. Electrifi takes a more end-to-end approach by offering vehicle leasing solutions and a fully integrated software analytics platform.			For battery infrastructure, Battery Smart (India) is converting a significant number of electric rickshaws from lead acid to lithium-ion batteries by offering battery swapping services. Tiger Energy is addressing a similar challenge that hinders EV adoption in Bangladesh.

Innovative solutions are pivotal when it comes to addressing the challenges that are currently preventing more people from switching to electric vehicles. Startups embarking on this transformative journey, however, require investment to enhance production efficiency, scale operations, and improve affordability.

The evolving landscape of EV transition models within Asia promises exciting times ahead. As the market matures, we can expect a surge in innovation with insights and experiences from one influencing the other regional markets.

As Asia is being earmarked to see tremendous growth in the electric mobility sector, it is on the cusp of becoming a global EV production hub, ready to embrace a sustainable future sooner rather than later.

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Editor’s note: e27 aims to foster thought leadership by publishing views from the community. Share your opinion by submitting an article, video, podcast, or infographic

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Dear reader,

The 2024 Philippine Startup Founders’ Outlook reveals a challenging funding landscape in the Philippines, with a 40% decline in local startup investments in 2023 casting a shadow.

Startup optimism, averaging 2.65 out of 5, reflects a strategic pivot toward profitability, indicating a shift in priorities amid economic uncertainties. This shift is underscored by founders recalibrating focus on profitability (70% prioritising it overgrowth) and reevaluating company valuations (average score of 2.65 out of 5).

Amid the funding winter, founders have expressed concern about the economic climate (3.40 out of 5) and government policies (2.45 out of 5) and advocated for increased investment in digital infrastructure (70%). Despite challenges, 55% anticipate profitability within one to two years, showcasing resilience.

The survey also sheds light on founders’ aspirations, with 60% eyeing international expansion, particularly in Southeast Asia. While the immediate challenges are evident, the focus on profitability and expansion signifies a proactive stance.

As the Filipino startup ecosystem grapples with short-term pressures, it displays resilience and strategic foresight, balancing growth aspirations with the current economic climate’s harsh realities.

Sainul
Editor.

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General News

Founders are pessimistic about Philippines’ funding climate in 2024: study
The necessity to ensure financial sustainability has forced founders to recalibrate their focus, underscoring profitability as a key objective.

The Parentinc acquires luxury retailer Motherswork to expand offline presence in SEA
This acquisition will enable Motherswork to expand its footprint into other countries in Southeast Asia through The Parentinc; The deal comes even as The Parentinc is preparing to launch an initial public offering.

HashKey Group secures US$100M in Series A financing, turns unicorn
HashKey’s core businesses also include a global asset manager investing exclusively in blockchain technology and digital assets, tokenisation services, and Web3 PFP incubation.

Vizzio board backs CEO despite sham doctorate
Jon Lee has admitted to lying about his Ph.D. in computer science from the University of Cambridge; A statement from the company says that Lee had informed the board about his lack of a doctor’s degree.

Prota raises US$21M led by Singapore’s SPRIM for its peanut allergy therapy
The fresh funding will be used to advance the development of Prota’s peanut allergy remission oral therapy, PRT120, which is being prepared for the phase 3 clinical investigation.

Khazanah Nasional backs Indian cloud kitchen startup Wow Momo Foods
With over 630 outlets in more than 35 cities, Wow Momo Foods plans to expand by adding 200 new outlets in the coming fiscal year; It operates three quick-service restaurant brands: Wow Momo, Wow China, and Wow Chicken.

Temasek, SeaTown invest in ABC Impact’s Fund II
ABC Impact aims to generate positive and measurable social or environmental outcomes in Asia; It invests across various sectors, including financial and digital inclusion, better health and education, climate and water solutions, and sustainable food and agriculture.

Meiro secures US$3M to take its customer data platform to Middle East
The investors include Wavemaker Partners and angels from Angel Central; Meiro collects, cleans, and manages data from virtually any source online and offline and provides personalised marketing tools to enhance business ROI.

Singapore-based agritech startup DayaTani bags US$2.3M seed money
Investors include Ascent Venture, KBI Investment, MDI Ventures, and Northstar Ventures; DayaTani works to enhance yields for Indonesian farmers, operating R&D sites across the Java island that focus on horticulture and grain crops.

Meals in Minutes bags US$1.5M from 500 Global
Meals in Minutes serves vacuum-packed, ready-to-cook meals, allowing consumers to whip up a gourmet meal within 15 minutes; It will use the money to expand in Singapore and Malaysia and establish a presence in the UK.

SG-based Web3 ad platform Linkko secures funding led by Web3 Media Ventures
Linkko uses on-chain analytics to offer “ultra-precise” targeting to advertisers; The targeted users can claim rewards for every advertisement watched, ranging from a few cents to several US dollars per ad.

Goldman Sachs-backed ZestMoney, once valued at US$450M, sold to DMI in fire sale
News about the acquisition follows ZestMoney — a BNPL player whose ability to underwrite small ticket loans to first-time internet customers attracted many high-profile investors — announcing last month that it would be shutting down the startup.

East Ventures managing partner Koh Wai Kit steps down
Koh will transition to an advisory role at the firm starting this month; Koh joined East Ventures as venture partner in 2021 before becoming a managing partner the year after; Previously, he was part of the founding team at Pavilion Capital.

Singapore drafts genAI governance framework
According to the framework, decisions made by AI should be explainable, transparent, and fair; It also provides practical guidance for developers and policymakers on their initial steps.

Sundar Pichai warns Google staff more layoffs are coming
Pichai’s memo said the company will have to make “tough choices” to meet its ambitious goals; Last week, the tech giant laid off over 1,000 workers across multiple divisions and cut 100 jobs at YouTube.

Unredacted Meta documents reveal ‘historical reluctance’ to protect children
Documents reveal that Meta not only intentionally marketed its messaging platforms to children, but also knew about the massive volume of inappropriate and sexually explicit content being shared between adults and minors.

Baidu denies report of partnership with Chinese military organisations
A report in the South China Morning Post originally said that an academy paper written by scholars at a PLA-affiliated research institute had disclosed a link with the Chinese technology giant.

Contributor Spotlight

Sapna Chadha: Navigating Southeast Asia’s tech landscape and AI trends
Explore Chadha’s insights on Google’s startup support and her personal and professional journey in the ever-evolving tech landscape.

Articles from our contributors

How burnout changes founder’s ability for risk-taking
Burnout’s like running on empty for too long; It’s emotional, physical, and mental exhaustion from constant stress; It drains your energy and makes you feel less accomplished.

Why a well managed cap table is essential for startup success
Amid Carta’s PR crisis, we’ll delve into why startups must ensure strong cap table fundamentals to avoid issues like ‘broken’ cap tables.

3 data decisions to make in 2024 for businesses to become AI-native
A business can harness the potential of AI when it has a complete understanding and control of its enterprise data across all sources.

The sweet success of authenticity in brand communication
Similar to Willy Wonka’s chocolate’s timeless appeal, authenticity in brand communication is the secret ingredient that retains consumers.

BR Tech: A next unicorn transforming the global industrial painting landscape
BR Tech is not merely selling cutting-edge simulators and robots; it is revolutionising the way SMEs approach painting and finishing.

From the archives

Fixing food waste problem means less hungry people and a great economy
In 2019, Singapore generated 744M kg of food waste, which is equivalent to 2 bowls of rice per person/day, or around 51K double-decker buses!

Angel investor Mike Flache shares his tips to begin investing in startups
Mike Flache considers himself as an investor in people, instead of tech. This is how he approaches angel investing.

What do you need to know about the eco gender gap
Eco gender gap is when solutions to tackle climate change seem to be geared only toward women. How should businesses deal with this?

How businesses can foster Diversity & Inclusion for LGBTQ+ employees
Supporting your LGBTQ+ team members can start by listening to their concerns and providing the platform to speak up.

Book Excerpt: How I survived an elevator pitch session with Tim Draper
In this book, Zopim Founder Royston Tay shares his experience pitching his startup idea to legendary investor Tim Draper.

News features and interviews

‘AI is a race for innovation; regulation will only develop effectively once winners are announced’
Sanjay Sehgal, MSys Technologies CEO, discusses privacy, AI-generated content, and the impact of legal battles on AI startups.

FlyORO soars into green skies with its sustainable aviation fuel blending solutions
Insights into FlyORO’s technology roadmap reveal a focus on modular SAF blending services, aiming for greater efficiency and substantial carbon emission reductions.

Helport aims to help customer support teams cut down on error rate
This year, Helport has a major plan to expand in the US while maintaining its leading position in Southeast Asia.

‘SEA’s agritech sector holds enormous potential as funding winter drives resilience’
500 Global Partner Saemin Ahn says SEA has the great benefit of having industry-leading business models and management teams in the field of agritech.

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X marks Echelon. Join us at Singapore EXPO on May 15-16 for the 10th edition of Asia’s leading tech and startup conference. Enjoy 2 days of building connections with potential investors, partners, and customers, exploring innovation, and sharing insights with 8,000+ key decision-makers of Asia’s tech ecosystem. Get your tickets here >>

Want more from your Echelon experience? Be an Echelon X sponsor or exhibitor. Send enquiry here>>

The post Ecosystem Roundup: Founders pessimistic about funding climate in PH; The Parentinc acquires Motherswork; SG drafts GenAI governance framework appeared first on e27.

As January 2024 unfolds, the pulse of global startup investments quickens, setting the stage for dynamic developments in Southeast Asia. The start of the year has seen a robust trend in venture capital pouring into innovative enterprises, with Southeast Asian startups taking centre-stage in this burgeoning landscape. Amidst the challenging economic backdrop, the resilience and creativity of startups in the region shine through, attracting substantial investments across diverse sectors.

Investors worldwide actively seek opportunities in disruptive technologies, sustainability-focused ventures, and Web3 initiatives, fueling a renewed optimism for the entrepreneurial ecosystem. The surge in funding signals a collective belief in the potential of Southeast Asian startups to drive innovation and address pressing challenges. As we delve into the stories of the startups securing substantial capital this week, it becomes evident that the region is a hotbed of ingenuity and entrepreneurial vigour, contributing significantly to the global narrative of startup investment in 2024.

Toki (The Philippines)

Funding raised: US$1.8M

Investors: Kaya Founders, Foxmont Capital Partners, Anthony Oundjian (BGC Philippines), Brian Cu (SariSuki), and Ernest Cu (Globe), Bigboy Cheng

Round: Pre-seed

Brief profile: Launched in November 2023 by former GCash executives, Toki is a Philippine social commerce platform dedicated to collectibles in Southeast Asia. It aims to bring a seamless experience to collectors’ journey, from discovery to purchase, and address the challenge of unsecured transactions in the market that comprise payments, logistics, and after-sales.

Since its launch, the marketplace has featured over 70,000 products across its first four categories, onboarded 100 curated sellers who rank among the top 30 sellers/resellers in their respective categories, and conducted close to 50 livestream auctions.

Bioworks (Japan)

Funding raised: Undisclosed

Investors: Purpose Venture Capital, Hill Capital, 18 Salisbury Capital, Yagi & Co,

Round: Not specified

Brief profile: Established in 2015, Bioworks is a new material creation company aiming to realise a sustainable, recycling-oriented society. It has developed PlaX, a new carbon-neutral material made from polylactic acid (PLA), a bioplastic made from sugarcane and other plant-based materials, with the addition of a plant-derived additive developed in-house by Bioworks.

PlaX presents a viable alternative to petroleum-derived synthetic fibres like polyester. It is biodegradable and compatible with chemical recycling, in which equivalent materials are reproduced from waste. It can reduce CO2 emissions by 35 per cent compared to polyester during yarn production. Emissions during incineration and disposal are also reduced.

BeWater (Global)

Funding raised: Undisclosed

Investors: OKX Ventures (lead)

Round: Not specified

Brief profile: BeWater is a Web3 venture studio and global developer platform that facilitates the development of open-innovation campaigns and events, including hackathons, in what it claims to be 10 minutes.

With over 100 campaigns underway, BeWater claims to have diverse coding languages, including Solidity, Rebase and Move, coupled with various Layer 1 chains and toolkits such as Starknet, Bitcoin and Polkadot. The company said its platform has attracted over 25,000 GitHub-certified developers from over 50 countries.

HashKey Group (Hong Kong)

Amount raised: US$100M

Investors: Undisclosed

Round: Series A

Brief profile: Established in 2018, HashKey Group is an end-to-end digital asset financial services group. With operations in Singapore and Tokyo, HashKey Group provides innovative investment opportunities and end-to-end solutions in digital assets and the Web3 ecosystem to retail investors, large institutions, family offices, funds, and professional and accredited investors.

Its core businesses also include a global asset manager investing exclusively in blockchain technology and digital assets, a blockchain node validation service, tokenisation services, Web3 PFP incubation, and community operation services.

Meiro (Singapore)

Amount raised: US$3M

Investors: Wavemaker Partners, Angel Central

Round: Pre-Series A

Brief profile: Founded in 2018 by Pavel Bulowski, Jana Marlé-Zizková, and Vojtěch Kurka, Meiro’s Customer Data Platform empowers brands better to understand customer preferences and behaviours across various touchpoints. Through Meiro, brands can use data to improve customer experience and marketing campaign performance, ultimately maximising customer satisfaction and business profitability.

Meals in Minutes (Malaysia)

Amount raised: US$1.5M

Investors: Undisclosed

Round: Seed

Brief profile: Launched in 2020 by Brandon Lim and Khiara Mia, Meals in Minutes serves vacuum-packed, ready-to-cook meals, allowing consumers to whip up a gourmet meal within 15 minutes. All meals are flash-frozen and individually portioned to reduce food wastage without genetically modified ingredients or additional artificial substances.

Prota (Singapore)

Amount raised: US$21M

Investors: SPRIM Global Investments (lead)

Round: Equity and debt

Brief profile: Founded in 2016, Prota focuses on developing and commercialising oral immunotherapy treatments for food allergies. Headquartered in Melbourne, the company owns intellectual property that includes the food immunotherapy technology developed at the MCRI.

Linkko (Singapore)

Amount raised: Undisclosed

Investors: Web3 Media Ventures (lead)

Round: Not specified

Brief profile: Established in 2023, Linkko leverages on-chain analytics to provide advertisers with precise targeting capabilities. The LinkkoAds platform introduces a novel incentive system where targeted users can claim rewards for each advertisement viewed. These rewards range from a few cents to several US dollars per ad, creating an engaging and mutually beneficial consumer experience.

Linkko’s targeting methodology is centred around public blockchain analytics, incorporating factors such as transaction type and volume, owned assets, including NFTs (Non-Fungible Tokens), and net worth. This approach generates hyper-targeted behavioural profiles, offering valuable insights to advertisers seeking more effective and personalized outreach.
==

X marks Echelon. Join us at Singapore EXPO on May 15-16 for the 10th edition of Asia’s leading tech and startup conference. Enjoy 2 days of building connections with potential investors, partners, and customers, exploring innovation, and sharing insights with 8,000+ key decision-makers of Asia’s tech ecosystem. Get your tickets here >>

Want more from your Echelon experience? Be an Echelon X sponsor or exhibitor. Send enquiry here>>

The post SEA startups secure millions in funding, unveiling diverse innovations appeared first on e27.

Singapore-based private equity firm ABC Impact has announced the first close of its second impact fund.

Launched in August 2023, ABC Impact Fund II has garnered support from new and existing investors, including Temasek Trust, Temasek, SeaTown Holdings, and Mapletree Investments.

Also Read: The key to tackling climate change: Electrify shipping

Fund II Assets Under Management now exceeds US$550 million, with the final close expected in 2024.

Established in 2019, ABC Impact aims to generate positive and measurable social or environmental outcomes in Asia. Its inaugural US$300 million fund has been strategically deployed across various sectors, including financial and digital inclusion, better health and education, climate and water solutions, and sustainable food and agriculture.

Since its inception, ABC Impact Fund I has invested in 11 portfolio companies. The portfolio showcases impact-driven companies addressing environmental and societal challenges through innovative solutions.

Also Read: How climate tech companies in Asia measure the impact of their work

Last May, ABC Impact and sustainable chemical company Indorama Ventures led a £20 million Series B funding round in Polymateria Limited, a biotransformation technology company combating plastic pollution.

In 2022, the fund exited Singapore-based solar company Sunseap.

As per a study, impact investing is expected to see faster growth compared to other ESG investing approaches, with the main drivers being institutional adoption, next-generation wealth, and Asia transition progress.

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Fundraising or preparing your startup for fundraising? Build your investor network, search from 400+ SEA investors on e27, and get connected or get insights regarding fundraising. Try e27 Pro for free today.

The post Temasek, SeaTown invest in ABC Impact’s Fund II appeared first on e27.

In the world of startups, you’re expected to dance with risk like it’s a familiar partner. But, there’s a sneaky, often ignored shadow called burnout that can step on your toes, changing the way you lead this dance. It’s more than just being tired; it reshapes your worldview, messing with your decisions.

Today, let’s dive into how burnout tweaks an entrepreneur’s risk-taking moves. We’ll peek into the latest neuroscience, spot the warning signs, and talk management, merging science with real stories. This is about keeping your decision-making groove sharp, even when the music gets too loud.

Understanding burnout in entrepreneurs

Burnout’s like running on empty for too long. It’s emotional, physical, and mental exhaustion from constant stress. It drains your energy and makes you feel less accomplished. Symptoms? Think persistent tiredness, cynicism, feeling detached, and a sense of not getting anywhere.

Your brain on burnout

When burnt out, your brain’s stress response goes into overdrive. The prefrontal cortex, your decision-making HQ, gets sluggish. Neurotransmitters, which keep your mood in check, go haywire. This isn’t just feeling low; it changes your thinking style and decision-making skills.

Burnout in the entrepreneurial world

Founders, listen up! You’re in the danger zone for burnout. The thrill of innovation, high-stakes choices, and blurred lines between work and life brew the perfect stress storm. It’s a rollercoaster ride, exciting but exhausting, paving the way to burnout city.

The neuroscience of risk-taking

Risk-taking is wired in your entrepreneurial brain. It’s tied to your brain’s reward centre, especially the ventral striatum, dancing with the decision-making prefrontal cortex. Stress, however, messes with this dance. Stress hormones like cortisol can blur your decision-making vision, making you either too cautious or recklessly brave.

Burnout’s effect on risk-taking

Burnout can make you see risks differently. You might become too scared to jump on opportunities or too impulsive, skipping the usual checks. This skewed risk perception can lead to business flops, strained relationships, and a tarnished reputation. Plus, it can spiral into chronic health problems, making things worse.

Also Read: How startup leaders can delegate to prevent burnout  

The latest from neuroscience

Stress harms the brain’s decision-making areas, like the prefrontal cortex. It can blur your vision for long-term outcomes, making short-term gains look more tempting. Also, stress messes with your brain’s chemicals, leading to either too much caution or reckless choices.

Beating burnout: Strategies for founders

As a coach, I’ve seen certain tactics work wonders in fighting burnout:

• Spot the early signs: Tired all the time? Snappy? Feeling detached? Notice these early signs to stop burnout in its tracks.
• Manage stress: Prioritise, delegate, and set work-life boundaries. Try mindfulness, deep breathing, or yoga. And don’t forget to exercise; it’s a stress-buster.
• Build resilience: Adopt a growth mindset. See challenges as learning chances. And lean on your network for support and fresh perspectives.

Real stories, real impact

I’ve seen entrepreneurs turn things around by managing stress and building resilience. One client, overwhelmed by the workload, learned to prioritise and delegate, easing his stress and sharpening his decision-making. Another, scared of failure, embraced a growth mindset, leading to bold, business-boosting decisions.

Lessons to remember

• Act early: Tackle burnout signs early to avoid bigger problems.
  Balance is key: A healthy work-life balance is crucial for your decision-making skills.
• Shift your mindset: Viewing challenges differently can transform your approach to risk and stress.

Fighting burnout is not just about your health; it’s about keeping your risk-taking skills on point. By staying alert to burnout signs, understanding its brain effects, and using stress management techniques, you can maintain a sharp, balanced entrepreneurial mindset.

So, here’s to your health and success! Are you ready to change the way you dance with risk?

—

Editor’s note: e27 aims to foster thought leadership by publishing views from the community. Share your opinion by submitting an article, video, podcast, or infographic

Join our e27 Telegram group, FB community, or like the e27 Facebook page

Image credit: Canva

The post How burnout changes founder’s ability for risk-taking appeared first on e27.

e27 has been dedicated to nurturing a supportive ecosystem for entrepreneurs since its inception. Our Contributor Program offers a platform for sharing unique insights.

As part of our ‘Contributor Spotlight’, we shine a weekly spotlight on an outstanding contributor and dive into the vastness of their knowledge and expertise.

In this episode, we feature Sapna Chadha, Google’s Vice President overseeing business growth, strategy, and operations in the Southeast and South Asia Frontier. With over 25 years of global management and marketing experience, she is a founding member of Google APAC’s Diversity, Equity, and Inclusion Council, advocating for increased representation across the company.

Chadha shares his personal and professional journey in this episode of Contributor Spotlight.

The driving force

In discussing Google’s commitment to supporting startups and the motivation behind her participation in the e27 Contributor Program, Chadha remarked:

“At Google, we have programs such as Google for Startups to connect them with the right people, products and resources while sharing best practices to help them scale. When we launched the e-Conomy SEA Report 2023 in November, there were insights that I found helpful for SEA startups, including the use of AI solutions to leapfrog competition and carve a new future in the region as it can potentially be a US$1 trillion digital economy by 2030. Moreover, I have witnessed many moments across Southeast Asia of the region’s relentless pursuit of progress, including seeing a small hospital in Thailand use AI to optimise health diagnostics. This motivated me to contribute an article about my optimism about the future of Southeast Asia.”

Thoughts, goals, and journey

Chadha credits her mother, a role model in the tech industry, for shaping her interest in data and technology. During the early days, her mother, navigating a male-dominated field, juggled coding sessions and classes while caring for Chadha. The mother’s strength, dedication, and passion became a profound source of inspiration, influencing Chadha’s aptitude for data, information and technology.

“My mother was incredibly supportive when I decided to join Google back in 2014. Looking back at my journey with the company (It’s my 10th year this year!) I’m immensely grateful for the opportunity to work alongside remarkable teams to introduce impactful products and services that have touched the lives of millions across Asia Pacific,” she expressed.

Also Read: Izwan Zakaria: Navigating legal frontiers in the startup landscape

As the Vice President for Southeast Asia and South Asia Frontier over the past year, Chadha oversees business outcomes and growth in a diverse, innovative, and growing region. Leading a region characterised by diversity, innovation, and significant growth potential, she finds it incredibly exciting to spearhead operations in Southeast Asia — a tech-forward region that has showcased remarkable resilience in navigating challenges posed by the pandemic and macroeconomic conditions.

In observing the region, Chadha notes a notable trend where digital businesses increasingly leverage technologies like AI to achieve profitability. A Google Cloud survey reveals that 8 in 10 organisations anticipate significant industry changes or transformations due to AI, reflecting the rapid adoption witnessed in 2023.

“I shared in my contributing article how we are already seeing companies using AI-powered solutions for their advertising campaigns and as part of their business strategy. I was intrigued by Fairprice Group, which is using AI to help them with forecasting workload and manpower needs at each of their retail stores. I believe more companies will start turning to similar solutions in this new year to support automation and increase productivity across industries, generating greater value and further augmenting the region’s digital growth,” she said.

Looking ahead, challenges are diverse, but Chadha remains committed to the timeless mission of universal information accessibility. With AI advancements, she focuses on developing products catering to advertisers, communities, and the broader ecosystem. Personally, she aims to strengthen Prompt Engineering, embrace more Gen AI tools, and actively contribute to the industry.

Advice for budding thought leaders

For aspiring thought leaders, her foremost advice is to stay curious, be open to alternative viewpoints, and fearlessly challenge assumptions. This approach fosters the development of unique perspectives, contributing to a healthy environment of curiosity and growth within the startup community, especially amid the constant evolution of technologies.

Also Read: Tristan Chiappini: A decade of excellence in fintech and digital payments

Juggling too many things?

From her perspective, Chadha emphasises the importance of finding equilibrium amid work and personal life demands. Balancing responsibilities doesn’t necessarily mean a strict 50-50 split, but rather adjusting and finding equilibrium over time, allowing no single aspect to dominate and overwhelm others.

Staying in the loop

In her exploration of the digital landscape, Chadha expressed:

“We’re incredibly fortunate to live in a digital world where we can get information at the tap of our fingertips, and I enjoy keeping myself updated by reading insightful articles by tech leaders, entrepreneurs and industry experts who offer different perspectives.”

Chadha turns to The Neuron, Harvard Business Review, and Benedict Evans (an independent tech analyst) as her go-to sources for insights into AI trends and tools.

In her role as a business leader, Chadha finds value in listening to podcasts like The Verge’s Decoder, participating as a judge in industry thought leadership and awards and serving on boards to broaden her perspectives beyond internal work.

“What I’ve learned in my career is that growth happens when we avoid getting comfortable. I see careers as a jungle gym instead of ladders. I’ve been in roles where I had wondered if it was the right fit. When I took on the role of Chief of Staff earlier in my career, I had assumed that being behind the scenes may not fit me. But looking back, it was one of the jobs that I excelled in, and the experience really helped me to grow. It challenged my thinking and gave me access to executives who played an influential role in grooming my leadership style to date. So, I would always advise others to actively influence how your journey is and not just wait to be asked for the next thing,” she concludes.

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Are you ready to join a vibrant community of entrepreneurs and industry experts? Do you have insights, experiences, and knowledge to share?

Join the e27 Contributor Programme and become a valuable voice in our ecosystem. 

The post Sapna Chadha: Navigating Southeast Asia’s tech landscape and AI trends appeared first on e27.

Singapore-based Web3 advertising platform Linkko has received an undisclosed sum in a strategic round led by Web3 Media Ventures.

With the newly acquired funds, Linkko plans to focus on developing additional features, expanding strategic partnerships, and growing its user base.

Also Read: To leverage Web3 technologies, Web2 companies may start by building the right culture

Established in 2023, Linkko leverages on-chain analytics to provide advertisers with precise targeting capabilities. The LinkkoAds platform introduces a novel incentive system where targeted users are eligible to claim rewards for each advertisement viewed. These rewards range from a few cents to several US dollars per ad, creating an engaging and mutually beneficial experience for consumers.

Linkko’s targeting methodology is centred around public blockchain analytics, incorporating factors such as transaction type and volume, owned assets, including NFTs (Non-Fungible Tokens), and net worth. This approach results in the generation of hyper-targeted behavioural profiles, offering valuable insights to advertisers seeking more effective and personalized outreach.

Also Read: OKX Ventures leads investment in Web3 venture studio BeWater

The company emphasises that this targeting model caters to the needs of both Web3 and Web2 advertisers, showcasing its versatility in the rapidly evolving digital advertising landscape.

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Fundraising or preparing your startup for fundraising? Build your investor network, search from 400+ SEA investors on e27, and get connected or get insights regarding fundraising. Try e27 Pro for free today.

The post Linkko attracts investment for its Web3 advertising platform appeared first on e27.

The Parentinc, a leading content, community, and commerce ecosystem for parents in Southeast Asia, has acquired Motherswork, a luxury retailer for mum, baby, and kids’ products in Singapore and China.

The terms of the deal remain undisclosed.

The acquisition will enable The Parentinc to expand its offline presence by opening up more Motherswork stores in key markets in the region, including Vietnam, where its flagship product Mama’s Choice will be distributed exclusively by Motherswork.

“This acquisition will enable Motherswork to expand its footprint into other countries in Southeast Asia through The Parentinc,” Sharon Wong, Founder and CEO of Motherswork, said.

Also Read: I don’t think true-blue text-based digital media companies exist anymore: theAsianparent Founder Roshni Mahtani

The deal comes even as The Parentinc is preparing to launch an initial public offering and on the heels of recent high-profile IPOs from mother and baby brands, such as First Cry and Mamaearth. Mamaearth’s current IPO valuation is set at US$1.2 billion, and FirstCry, which filed for IPO in December 2023, is anticipated to set its valuation between US$3.5 billion and US$3.75 billion.

Launched in 1998, Motherswork is a premier omnichannel retailer with two stores in Singapore and ten in China. It offers customers in every stage of parenthood a curated selection of over 300 brands, including Avent, Joolz and Stokke.

Headquartered in Singapore, The Parentinc has a reach of over 30 million users. The company also owns Webtretho (a leading online community platform for women, which it acquired in 2022) and Bé Yêu (an app for parents).

The Parentinc also owns and operates the direct-to-consumer brand Mama’s Choice, which manufactures and retails safe, natural, and Halal pregnancy, nursing, baby care, and household products that are designed and tested in Singapore for families in Asia.

Also Read: How theAsianparent aims to help reduce stillbirth rates in Southeast Asia

In 2022, The Parentinc received an undisclosed investment from LINE Southeast Asia Corp. Its other investors are Central Retail Corporation, East Ventures, Fosun International, Global Grand Leisure, JD.com, Mirae Asset-Naver New Growth Fund, Redbadge Pacific, SCB 10X, Tigris Capital, Vertex Ventures, and WHG Holdings.

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Malaysia-based food startup Meals in Minutes has secured US$1.5 million in a seed round led by 500 Global with participation from an undisclosed private investor.

The startup will use the money to expand in Singapore and Malaysia and establish a presence in the UK. A portion of the capital will go into R&D to develop its selection of food products and build a marketing campaign.

“The funding will be focused on achieving key milestones such as successfully launching in the UK market, product development, and building a robust foundation for future growth across all markets,” said CFO Vin Vin Khu.

Also Read: Fixing food waste problem means less hungry people and a great economy

Launched in 2020 by Brandon Lim and Khiara Mia, Meals in Minutes serves vacuum-packed, ready-to-cook meals, allowing consumers to whip up a gourmet meal within 15 minutes. All meals are flash-frozen and individually portioned to reduce food wastage without genetically modified ingredients or additional artificial substances.

“Meals In Minutes was founded with the vision of simplifying cooking for individuals leading busy lives, offering them the opportunity to enjoy high-quality, clean, and nutritious meals without the associated hassle and requisite culinary skills. Additionally, recognising the considerable advantages of this concept, we anticipated its positive impact on business and cafe owners who aspire to provide food services but lack the necessary equipment and resources to operate a fully equipped kitchen,” said CEO Brandon Lim.

Integrating Meals in Minutes food products enables businesses to optimise kitchen operations, producing consistent gourmet meals. This is achieved without needing a fully equipped kitchen or employing a professional chef, thus overcoming the workforce dilemma without compromising quality.

Today, Meals in Minutes is available in Singapore across multiple online marketplaces, including GrabMart, Shopee, Redmart, and Amazon Fresh, in premium grocery stores, including FairPrice finest. It has also partnered with hotels in Singapore.

Also Read: MAEKO converts food waste into compost. Greta Thunberg should feel happy

Khiara Mia, Co-Founder of Meals in Minutes, added: “Our advanced meal kits not only offer sustainable solutions to F&B businesses but also tackle environmental concerns like food wastage and excessive packaging. We’re also collaborating with CleanHub to prevent plastic pollution by collecting plastic waste for every product sold. Sustainability remains a pivotal factor in shaping our future business strategies.”

The post Meals in Minutes bags US$1.5M to develop vacuum-packed, ready-to-cook meals appeared first on e27.

Visit Echelon X to learn more about the program. Get your tickets here!

Establishing valuable connections with fellow startups, corporates, investors, and other ecosystem stakeholders is crucial for unlocking growth potential. Collaboration within the startup community promotes knowledge sharing, resource pooling, and the discovery of synergies that can propel innovation and development. Cultivating relationships with corporates and investors not only opens doors to funding opportunities but also provides access to valuable mentorship, expertise, and strategic partnerships.

This interconnected network within the startup ecosystem forms a resilient foundation, offering support, insights, and collaboration that accelerates the growth trajectory of businesses. In essence, the success of startups is intrinsically tied to their ability to build and nurture connections within this broader community.

Also read: Empowering businesses: Lalamove’s impact on local enterprises

With this ethos in mind, e27 is proud to announce the 2024 edition of Echelon! Happening on 15-16 May 2024 at the Singapore EXPO, Echelon X serves as a nucleus for visionaries, entrepreneurs, and investors, offering an unparalleled platform for meaningful connections and collaboration. Our mission is to foster tech ecosystem resilience by promoting deeper collaboration, sharing new knowledge, and driving collective innovation

Conference themes

With the promise of building a stronger, more robust ecosystem, Echelon X seeks to address present-day challenges faced by the Southeast Asian tech community by focusing on three key pillars.

1. Technological Advancements Enabling Agile Business Practices
   
   In the ever-evolving landscape of the tech world, the transformative potential of technologies such as AI, blockchain, and cybersecurity becomes increasingly apparent in enhancing resilience. 

   Artificial Intelligence, with its capacity for data analysis and pattern recognition, empowers organisations to anticipate and respond to emerging challenges proactively. Blockchain, known for its decentralised and secure nature, not only ensures data integrity but also establishes trust in transactions, crucial for navigating uncertainties. Cybersecurity, a cornerstone in safeguarding digital assets, becomes paramount as technological advancements continue. Beyond these technologies, the discussion extends to exploring agile methodologies that enable swift adaptation to changing circumstances.Adaptive leadership, equipped with a forward-thinking mindset, becomes essential in steering organisations through dynamic landscapes. Moreover, flexible business models emerge as a key component, allowing companies to pivot rapidly, capitalise on emerging trends, and seize new opportunities.

   This exploration not only underscores the importance of tech advancements but also emphasises the need for a holistic approach that incorporates innovative methodologies and adaptable strategies to thrive in the face of constant change.

2. Sustainability, Responsibility, and Collaborative Ecosystems
   
   In recognising the imperative of incorporating sustainable practices, our focus extends beyond a mere acknowledgement to a commitment to actionable steps that forge a resilient and sustainable future. 

   We delve into the profound impact that collaborations and partnerships between diverse stakeholders can have in effecting meaningful change. By fostering alliances across industries, communities, and governments, we aim to synergise efforts, pool resources, and collectively address the intricate challenges posed by environmental and social sustainability.Our exploration underscores the importance of a shared vision where progress is not measured solely by immediate gains but by the enduring well-being of future generations. Through these collaborations, we strive to establish a harmonious balance between economic growth and environmental responsibility, ensuring that strides toward progress are made responsibly and with an unwavering commitment to leaving a positive legacy for generations to come.

3. Fostering Creativity and Future-Proof Talent
   
   Encouraging individuals to think outside the box is at the core of our approach, advocating for a culture that champions creativity and curiosity as catalysts for addressing challenges and unlocking new avenues for growth. We believe that fostering an environment where unconventional ideas are not only welcomed but celebrated, cultivates a fertile ground for innovation to thrive. 

   Our emphasis extends beyond the ideation phase, delving into the practical aspects of building a workforce primed with the skills and mindset essential to embrace change. Through targeted initiatives, we aim to equip individuals with the agility, adaptability, and resilience needed to navigate the dynamic landscapes of today’s world.Our vision is to inspire a workforce that not only embraces change but actively drives innovation, turning challenges into opportunities and carving out new dimensions of success. By championing creativity and fostering a forward-thinking mindset, we believe in empowering individuals to become architects of positive change in their professional realms and beyond.

Get ready for Echelon X this 2024

Echelon X aims to bring together innovators, entrepreneurs, and industry experts to build a more connected ecosystem. The event serves as a nexus where individuals converge to engage in meaningful discussions, fostering an environment conducive to collaboration and knowledge exchange.

By collectively strengthening global relationships and partnerships, we aspire to propel the growth and sustainability of the tech landscape and contribute to the development of a robust ecosystem in Southeast Asia, creating a foundation that supports innovation, resilience, and the collective advancement of the Southeast Asian tech community.

Also read: StartupIN by Ingenico: A guide to in-store commerce success

As such, Echelon X offers a slew of benefits for interested participants that include focused and curated content stages that feature keynotes, panel discussions, and fireside chats covering trends, insights, and thought leadership conversations driving the Southeast Asia tech and startup scene.

The event also features The Marketplace which facilitates the buying and selling of technology and business services tailored to help companies with digital transformation and growth.

Echelon X will also be gathering government agencies assisting companies with inbound market access programmes and facilitating cross-border exchanges to drive seamless trade across the region.

Top 100 Growth Program

Of course, as one of its main features, Echelon X will include a bigger, bolder, and better TOP100!

The TOP100 Growth Program is dedicated to providing startups with the platform they need to sustainably expand across the region. In addition to facilitating connections with investors through platforms like e27 Pro Connect and Echelon, both online and onsite, our commitment to supporting startups has grown even more robust. Recognising the multifaceted needs of emerging businesses, we’ve broadened the TOP100 program to encompass a comprehensive array of services aimed at nurturing holistic growth such as mentorship through coaching, private events, media training, and business matching through our various programmes and partnerships.

Also read: e27 launches Startup Ecosystem Roundups for 2023

The 2024 TOP100 Growth Program will provide participants access to visibility, fundraising, insights, and business matching — all of which are cornerstones for business growth in today’s increasingly competitive market.

Join us at Echelon X!

Echelon X will be happening on 15-16 May 2024 at the Singapore EXPO. The two-day event will be joined by some of the most exciting ecosystem players and change-makers in the region. If you want to join us as a participant or an official partner, check out our official page. Let’s change the world together, join us at Echelon 2024!

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