In a move set to strengthen AI-driven consumer insights within the consumer packaged goods (CPG) industry, UK-based GlobalData Plc has acquired Singapore-headquartered AI Palette for an undisclosed sum.

The acquisition aligns with GlobalData’s strategy to enhance its AI capabilities and expand its reach in the CPG industry. It will allow AI Palette to utilise GlobalData’s extensive resources, advanced analytics, and global reach.

By combining AI Palette’s AI and machine learning capabilities with GlobalData’s robust data infrastructure, the companies aim to deliver deeper, more actionable insights to their clients.

According to Mike Danson, CEO of GlobalData Plc, integrating AI Palette will significantly enhance their ability to assist CPG brands in innovating more efficiently.

Also Read: How AI Palette wants to help CPG companies develop products faster and easier with AI

Founded in 2018 by Somsubhra GanChoudhuri and Himanshu Upreti, AI Palette provides a multimodal AI-powered platform for the CPG industry, including F&B, beauty and personal care, and nutraceutical products.

The platform enables real-time identification of emerging consumer trends with contextual understanding and generates and screens product ideas within minutes. This improves the costs and efficiency of developing new product category entries, product line expansion, identification of new demand spaces, portfolio optimisation and product repositioning.

The company serves global food and beverage (F&B) and personal care companies, helping them maintain a competitive edge in a dynamic market.

AI Palette’s platform uses patented AI technology and a CPG data lake of 61 billion data points, offering consumer insights in 18 languages across six continents.

Last year, the Singaporean startup raised US$4 million in equity financing from Tin Men Capital.

GlobalData provides data analytics, market intelligence and industry insights. With a presence in over 25 countries, a market value exceeding £1.4 billion (US$1.8 billion), and a global workforce of over 3,600, GlobalData equips businesses with the tools and knowledge necessary for informed decision-making and sustainable growth.

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Intellect, a global mental health benefits company, has released the second edition of its highly anticipated Workplace Wellbeing 360 Report 2025: Benchmarking 10 Industries Across the World. This data-driven report provides a comprehensive analysis of workplace wellbeing across industries, offering valuable insights into how mental health influences employee productivity and organisational performance.

Drawing from 50,000 employees in 182 countries, the study utilises Intellect’s proprietary 26-question Dimensions measurement framework to assess four core components: employee wellbeing, organisational support, work engagement, and productivity.

The latest report marks a significant expansion from its 2024 edition, which primarily focused on the Asia Pacific region. By broadening its reach, the 2025 edition reflects the increasing globalisation of today’s workforce and the universal challenges organisations face in promoting mental well-being.

This expansion allows companies to benchmark their well-being efforts against both local and international peers, providing a clearer understanding of industry trends and best practices.

One of the report’s most critical findings is the strong correlation between mental well-being and employee productivity (r = 0.67). Mental well-being surpasses traditionally prioritised traits such as a growth mindset and goal orientation, underscoring the importance of fostering a supportive work environment. Businesses that invest in employee mental health not only enhance well-being but also drive meaningful performance outcomes.

Also Read: Moving mental health out of Freud’s era and beyond the couch with big data

The paradox of well-being and declining productivity

Despite improvements in employee well-being worldwide, productivity levels have declined, with presenteeism–employees being physically present but disengaged–on the rise. This trend suggests that while employees may report feeling “fine,” they may still struggle with focus and motivation, ultimately affecting performance.

Addressing this paradox requires a holistic approach that prioritises both well-being and work engagement.

The report highlights that presenteeism occurs five times more frequently than absenteeism and carries a significantly higher financial burden. While absenteeism costs an average of US$318 per employee per month, presenteeism results in a staggering US$990 per employee per month.

This underscores the necessity for companies to implement effective well-being initiatives that mitigate the hidden costs of disengagement and reduced productivity.

The study identifies a widespread lack of stress management and self-awareness skills among employees, contributing to passive coping behaviours such as procrastination and disengagement. Furthermore, a limited growth mindset is preventing employees from seeking development opportunities, leading to stagnation.

Stress management has declined across nearly every industry worldwide, making it a pressing concern for businesses. Despite positive trends in areas such as self-efficacy, purpose, and optimism, unresolved stress remains a major barrier to workplace well-being. Employers must prioritise comprehensive stress management strategies to sustain both employee satisfaction and productivity.

Also Read: Data driven healing: The potential of analytics and AI in advancing mental health

The report advocates for a dual approach to workplace well-being: top-down initiatives driven by leadership and HR alongside bottom-up interventions that empower employees. Strategies such as coaching, webinars, and structured support systems can bridge the gap between policy and practice, ensuring that well-being initiatives lead to measurable improvements in workplace culture and engagement.

Singapore as a leader in workplace wellbeing

Singapore ranks among the top-performing countries in four workplace well-being pillars: Organisational Support, Employee Well-Being, Employee Productivity, and Work Engagement.

The strong rankings highlight Singapore’s commitment to fostering supportive workplaces, with many organisations investing in structured well-being programmes.

The report showcases several Singapore-based companies that have successfully implemented workplace wellbeing programmes:

McDonald’s Singapore

The fast-food giant introduced Intellect’s mental wellness initiatives, resulting in a 28 per cent adoption rate of the Intellect app. Of those who signed up, 99 per cent utilised self-care sessions, and overall satisfaction with the programmes was high. McDonald’s Managing Director Benjamin Boh emphasised the company’s commitment to listening to and supporting employees.

MSD

The global biopharmaceutical firm saw a 48 per cent adoption rate of Intellect’s services within three months of rollout in Singapore. Following implementation, 84 per cent of employees reported that leadership prioritised their well-being, demonstrating the effectiveness of structured mental health support.

Global Logistics Company

A major logistics firm in Singapore and Malaysia reduced resignations due to stress and burnout by 16 per cent after implementing Intellect’s wellbeing solutions. The company’s HR Director noted a “tremendous” improvement in employee retention linked to mental health support initiatives.

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Image Credit: Redd Francisco on Unsplash

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The broad sell-off we’re witnessing today, March 11, 2025, is no small blip—it’s a visceral reaction to mounting recessionary fears that have investors on edge. The numbers tell a stark story: the S&P 500 has shed 2.7 per cent in a single session, while the Nasdaq has plummeted 4 per cent, marking its steepest drop since September 2022.

These declines have dragged the S&P 500 8.7 per cent below its all-time high set on February 19, with the Nasdaq a staggering 14 per cent off its recent peak. What’s fuelling this fire? A weekend interview with US President Donald Trump, where he candidly refused to rule out a recession and framed the current moment as a “period of transition.” Those words have hit the markets like a sledgehammer, amplifying uncertainty at a time when clarity is desperately needed.

Let’s unpack this. Trump’s comments come against a backdrop of escalating tariff war tensions and a flurry of government firings, both of which are stoking fears that the US—the world’s economic powerhouse—could be teetering on the brink of a downturn. Investors, ever sensitive to shifts in sentiment, have responded by fleeing risk assets en masse.

The bond market reflects this flight to safety: the 10-year US Treasury yield dropped 8.8 basis points to 4.213 per cent, while the 2-year yield fell even more sharply, declining 11.6 basis points to 3.883 per cent. Falling yields signal that investors are piling into Treasuries, betting on a slowing economy where safer assets reign supreme.

Meanwhile, the VIX index—the so-called “fear gauge”—surged 19.2 per cent to 27.86, its highest level since the Federal Reserve’s rate cut in December. That spike underscores the palpable anxiety coursing through Wall Street.

Also Read: Global markets in flux: Trump’s tariff pause and bitcoin reserve shake sentiment

The ripple effects aren’t confined to the US Across the Atlantic, Europe’s STOXX 600 slipped 1.3 per cent, and Germany’s DAX fell 1.7 per cent, mirroring the dour mood. In Asia, the picture is equally grim: Hong Kong’s Hang Seng Index tumbled 1.8 per cent, while China’s Shanghai Composite edged down a more modest 0.2 per cent.

Asian markets, which often take their cues from overnight US performance, opened lower today, tracking Wall Street’s rout. This synchronised sell-off speaks to a broader retreat in global risk sentiment, a collective exhale as investors brace for what might come next.

Commodities and currencies are feeling the heat too. Brent crude oil slid 1.5 per cent to US$69.28 per barrel, weighed down by a planned supply increase from OPEC+ in April and softening US economic activity. Gold, typically a haven in times of turmoil, bucked the risk-off trend and dipped 0.7 per cent, perhaps reflecting profit-taking after recent gains.

The US Dollar Index, a measure of the greenback’s strength against a basket of currencies, nudged down 0.2 per cent, suggesting that even the dollar’s safe-haven status isn’t immune to the broader uncertainty.

Then there’s the cryptocurrency market, which has taken a beating amid this storm. Bitcoin, the bellwether of digital assets, fell more than three per cent on Tuesday morning in Asia, dipping to its lowest level since November. Ether, the second-ranked token, saw an even sharper decline, dropping as much as six per cent to US$1,756—an intraday low not seen since October 2023—before paring some losses.

These moves came hot on the heels of a tech-led sell-off in US equities, with the Nasdaq 100 Index plunging 3.8 per cent in its worst day since October 2022. Crypto, often seen as a barometer of risk appetite, is buckling under the same pressures battering stocks—namely, fears that Trump’s tariff policies and chaotic governance could kneecap economic growth.

What’s driving this pervasive unease? Data offers some clues. The New York Fed’s latest survey of consumer expectations, released for February, paints a worrisome picture. One-year inflation expectations ticked up to 3.13 per cent, above forecasts, signalling that Americans anticipate stickier prices ahead.

More troubling, the survey revealed growing public concern about credit conditions and the job market, alongside expectations of steeper price hikes for essentials like gas, rent, and food. This erosion of consumer confidence is a red flag—households are the backbone of US economic activity, and their pessimism could presage a self-fulfilling slowdown.

Across the globe, the data is a mixed bag. In the Eurozone, the Sentix investor confidence survey for March climbed to -2.9, a sign of cautious optimism among investors. Germany, the region’s economic engine, posted a split result: industrial production rose, but exports declined, hinting at uneven recovery.

Also Read: Breaking down geography-based salary for your global teams

In Japan, the February Eco Watchers survey—which gauges sentiment among small and medium enterprises—came in weaker than expected, suggesting that grassroots confidence is faltering. These disparate signals underscore the uneven terrain global economies are navigating as they grapple with US-centric risks.

Trump’s rhetoric isn’t helping. His warning of a “little disturbance” from trade wars with Canada, Mexico, and China has Wall Street buzzing with concern. Strategists and economists are revising their outlooks, with many now assigning higher odds to a US economic downturn.

Posts on X reflect this jittery sentiment: one user noted the Nasdaq’s US$520 billion market cap wipeout in a single day, likening it to twice the value of top altcoins, while another pointed to Trump’s unpredictable decision-making as a deterrent to both domestic and foreign investors.

A Reuters dispatch highlighted pushback from Trump’s economic adviser Kevin Hassett, who dismissed recession talk tied to tariff uncertainty, but the damage seems done—stocks keep sliding, and consumer pessimism is deepening.

From my vantage point, this feels like a pivotal moment. The markets are signaling something more than a routine correction; they’re grappling with a confluence of risks that could tip the scales. Trump’s tariff threats, if enacted, could disrupt global supply chains and inflate costs, hitting US consumers and businesses alike. His government firings add another layer of instability, undermining confidence in policy continuity.

Couple that with a public increasingly anxious about jobs and credit, and you’ve got a recipe for stagnation—or worse. The bond rally and VIX spike suggest investors are battening down the hatches, preparing for a storm that may or may not materialise.

Yet, there’s a flip side. Transitions, as Trump calls them, can be messy but necessary. If his administration navigates this period deftly—say, by tempering tariff rhetoric with targeted stimulus or stabilising governance—the US might emerge stronger.

The New York Fed’s inflation uptick could even prod the Fed to hold rates steady, providing a buffer against a hard landing. Europe’s improving investor confidence and Germany’s industrial resilience offer glimmers of hope that the global economy isn’t entirely hostage to US whims.

Still, the data and market moves I’ve pored over lean bearish. The S&P and Nasdaq’s sharp drops, the VIX’s leap, and crypto’s stumble all point to a risk-off mindset that’s hard to shake. Asia’s early trading losses and Brent crude’s slide reinforce the narrative of softening demand.

For now, I’d wager we’re in for more volatility—Wall Street’s jitters won’t subside until Trump’s next move becomes clearer. I’ll keep digging into the numbers and sentiment, but one thing’s certain: the world’s eyes are on Washington, and the stakes couldn’t be higher.

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Indeed’s latest Smarter Hiring Report highlights a pressing issue in Singapore’s recruitment landscape: the traditional reliance on resumes and qualifications may no longer be the most effective way to assess candidates. The report advocates for a shift towards skills-first hiring, which prioritises a candidate’s potential and ability to perform rather than past experience or academic credentials.

Singapore’s job market presents challenges for both job seekers and employers. More than half of job seekers report difficulties in securing roles, while businesses struggle to find candidates with the required skills.

The issue is not necessarily a lack of talent but rather an inefficient hiring system that leans too heavily on outdated selection criteria such as degrees and past roles.

Employers in Singapore have historically prioritised qualifications, with some even increasing their degree requirements. However, the report reveals that 73 per cent of job seekers and 70 per cent of employers value on-the-job experience over formal education.

This suggests a growing recognition that practical skills and hands-on experience contribute more to job performance than academic credentials alone.

Rethinking the role of resumes

Resumes have been a staple of recruitment for centuries, but their effectiveness is now being questioned. While they remain useful in providing a snapshot of a candidate’s background, they primarily focus on past achievements rather than future potential.

The report asks whether companies are hiring “people or paper,” highlighting the risk of missing out on qualified candidates who may lack traditional credentials but possess the right skills and mindset.

Also Read: Why inclusive hiring matters for a startup ecosystem

An overreliance on resumes and qualifications creates a “broken system” where job seekers struggle to meet unrealistic role requirements, and employers fail to find suitable talent. By shifting the focus to skills, organisations can bridge this gap and build a more efficient hiring process.

The report strongly advocates for hiring based on human potential rather than just credentials. This means looking beyond hard skills and placing greater emphasis on soft skills such as adaptability, resilience, and a motivation to learn. These qualities are essential in today’s fast-changing work environment, where employees must continuously adapt to new challenges and technologies.

Indeed’s findings show that 70 per cent of employers already value soft skills more than hard skills in a skills-first hiring approach. This underscores the importance of identifying candidates with transferable skills who can grow and evolve within the company.

A skills-first approach allows employers to tap into a wider talent pool by considering candidates who may not have conventional qualifications but possess the necessary abilities, which are often excluded by traditional hiring practices. By focusing on skills, companies can unlock hidden talent and improve workforce diversity.

Additionally, this approach makes the hiring process more equitable by reducing barriers for job seekers.

Singaporean job seekers increasingly prioritise growth and development opportunities when considering roles. According to the report, 79 per cent of job seekers view learning opportunities as a key factor in their job search. Some are even willing to accept lower pay if the role offers better prospects for skills development.

A skills-first approach aligns naturally with these expectations. By assessing candidates based on their growth potential, companies can attract talent eager to develop and contribute meaningfully to the organisation’s long-term success.

Also Read: Does AI remove hiring bias — or make it worse?

Leveraging tech for smarter hiring

Tech, particularly artificial intelligence (AI), presents an opportunity to enhance skills-first hiring. AI-powered platforms can match candidates to roles based on their actual capabilities rather than relying solely on resume keywords.

Indeed, for example, uses AI to personalise job recommendations for seekers and provide insights for employers, improving hiring efficiency.

Employers can also use AI-driven assessments to evaluate a candidate’s suitability for a role based on their skills and behavioural traits. These assessments can measure problem-solving abilities, adaptability, and communication skills, providing a more comprehensive picture of a candidate’s potential beyond what a resume can convey.

For companies looking to adopt a skills-first approach, the report suggests several key strategies:

Redefining job requirements
Employers should focus on identifying essential skills rather than rigid degree or experience requirements. This ensures job descriptions reflect the actual competencies needed for success.

Prioritising soft skills in evaluations
Hiring managers should explicitly assess soft skills such as adaptability, problem-solving, and communication, which are crucial for long-term success.

Using behavioural-based interviews
Structured interview questions can help gauge a candidate’s soft skills by asking them to describe past situations where they demonstrated resilience, collaboration, or problem-solving abilities.

Investing in ongoing development
Companies should provide opportunities for continuous learning, ensuring employees can build on their skills and stay relevant in a rapidly evolving job market.

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Image Credit: Jason Goodman on Unsplash

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Cloud technology has changed how businesses operate, providing flexible, cost-effective solutions that eliminate the need for expensive infrastructure. For small and medium-sized enterprises (SMEs), cloud adoption is key to scaling efficiently, improving security, and staying competitive in a digital-first world.

At the same time, Artificial Intelligence (AI) is transforming business operations by automating workflows, strengthening cybersecurity, and delivering real-time insights. Together, AI and cloud technology are helping SMEs streamline operations, protect data, and compete at a global level.

In this installment of e27’s AI Leader Content Series, Kenneth Lai, Vice President, ASEAN at Cloudflare, discusses how these technologies are shaping SME growth and ensuring long-term business resilience.

Why SMEs need the cloud to scale

Traditional IT systems are expensive, difficult to maintain, and struggle to keep up with modern business needs. Cloud technology solves these challenges by offering a scalable, cost-efficient alternative that allows businesses to manage data, run applications, and support remote teams—all without the burden of maintaining physical servers.

Cloud adoption reduces costs, improves performance, and enables real-time collaboration, making it easier for SMEs to scale their operations. Businesses that integrate AI-powered cloud solutions can automate tasks, analyse data instantly, and optimise decision-making without relying on costly IT infrastructure.

Security risks are growing—AI can help

The shift to cloud computing has made businesses more connected, but it has also increased cybersecurity threats. As SMEs move towards multi-cloud environments and rely on Software-as-a-Service (SaaS) applications, cyber risks become more complex.

According to Cloudflare’s Asia Pacific Cybersecurity Readiness Survey 2024, 88 per cent of SMBs feel more vulnerable to cyberattacks due to the increasing complexity of their digital operations. Without strong security measures, businesses risk exposing sensitive data and suffering financial losses.

Also Read: A new dawn in the post-2G era: How cloud technology can propel the telco industry to new heights

AI-driven cybersecurity is changing the game by detecting threats in real time, blocking suspicious activity, and automating security responses. Zero Trust security models, which require strict verification before granting access, have become essential for businesses operating in the cloud.

Businesses that fail to prioritise security face operational disruptions, reputational damage, and financial losses. Investing in AI-powered security solutions ensures SMEs can scale with confidence, knowing their systems and customer data are protected.

How SMEs can build a smarter cloud strategy

Moving to the cloud is more than just shifting data online. To maximise the benefits, businesses need a clear strategy that balances security, scalability, and AI-driven automation.

A well-structured cloud approach ensures SMEs can secure their digital assets, improve efficiency, and prepare for future AI advancements. Instead of relying on multiple disconnected systems, businesses should integrate security, networking, and performance monitoring into a single framework. This reduces complexity and strengthens overall operations.

By embedding AI into their cloud strategy, SMEs can automate compliance monitoring, enhance real-time threat detection, and optimise cloud performance. A proactive approach allows businesses to harness AI while ensuring a secure, scalable infrastructure.

Cloudflare’s role in strengthening SME cloud security

For businesses transitioning to the cloud, security and performance must go hand in hand. Cloudflare’s Connectivity Cloud offers an integrated approach that secures networks, improves application performance, and simplifies multi-cloud management.

Instead of using multiple vendors for cybersecurity, networking, and performance, businesses can consolidate these functions into a single platform. Cloudflare’s cloud-based Zero Trust security solutions and network-as-a-service technology help SMEs protect data, reduce cyber risks, and optimise cloud performance without the need for large IT teams.

Also Read: Is the future of AI decentralised? Cloud computing holds the key

Cloudflare One, a cloud-based network-as-a-service solution, enables SMEs to operate in a multi-cloud or hybrid-cloud environment with zero trust security and optimised connectivity. This ensures data is secure while delivering faster application performance, essential for business continuity and long-term growth.

The future of cloud and AI for SMEs

Cloud computing and AI will continue to evolve, offering even greater efficiency, security, and automation. Low-code AI solutions will enable SMEs to integrate AI-powered tools more easily, reducing reliance on specialised expertise.

AI will also play a larger role in fraud detection, predictive analytics, and personalised customer experiences, helping businesses make smarter decisions and deliver better services. SMEs that invest in scalable, AI-ready cloud infrastructure today will have a major competitive advantage in the future.

Cloudflare remains at the forefront of cloud security and performance innovation, ensuring businesses can adapt to changing technology, secure their operations, and thrive in a digital-first economy.

Cloudflare is a global leader in cloud security and performance solutions, helping businesses protect their digital infrastructure, optimise network connectivity, and scale securely. By simplifying cloud adoption and cybersecurity, Cloudflare empowers SMEs to build resilient, future-ready operations.

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This article is part of e27’s special series on Artificial Intelligence for Startups and SMEs, where we explore the transformative power of AI in helping startups and small and mid-sized enterprises navigate today’s competitive landscape. Stay tuned for more insights from industry leaders in upcoming editions.

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In celebration of International Women’s Day this March, Helen Wong, Managing Partner at AC Ventures (ACV), shares her insights on investing in women-led businesses and ACV’s role in creating a more inclusive entrepreneurial ecosystem.

Why is investing in women-led businesses a smart move?

In dynamic markets such as Indonesia, women entrepreneurs are crucial economic drivers. Investing in them is not just about equity but also about boosting impact and returns. Studies indicate that narrowing the gender gap in business leadership could increase global annual GDP by up to 26 per cent.

Furthermore, women-led companies are 15 per cent more likely to outperform their male-led counterparts, potentially adding US$5.9 trillion to market capitalisation.

Also Read: Indonesia needs more female investors willing to back female founders: Helen Wong of AC Ventures

AC Ventures’s 2024 Impact Report, in collaboration with Deloitte Indonesia, highlights that ACV’s portfolio has sustained over 30,000 jobs, with women leading 40 per cent of them.

What challenges do women entrepreneurs face in securing VC funding?

There is a well-documented funding gap for women entrepreneurs. A report by Boston Consulting Group (BCG), Stellar Women, and AC Ventures, reveals a US$1.7 trillion funding shortfall. Structural barriers, such as limited access to networks, unconscious bias in investment decisions, and a lack of tailored financial support, continue to impede women.

Women entrepreneurs often struggle to align their pitches with investor expectations, which are still largely shaped by male-dominated perspectives.

What steps can be taken to address these challenges?

To bridge this gap, investors should proactively support female entrepreneurs, while ecosystems must offer stronger mentorship, networking, and financial literacy programmes. Integrating a gender-lens investing approach can ensure that women-led businesses receive the necessary resources to thrive.

Could you share examples of female-led startups in ACV’s portfolio and their impact?

AC Ventures supports several impactful women-led businesses across various sectors.

Examples include:

• Acacia (founded by Annu Talreja) uses AI to decarbonise real estate.
• Astro (founded by Marcella Moniaga, Sherlyn Gautama, and Jessica Stephanie Jap) is an on-demand platform for groceries and essentials in Indonesia.
• Rose All Day (founded by Cindy Nyoto Gunawan and Tiffany Danielle) is a top Indonesian beauty brand promoting clean beauty, inclusivity, and sustainability.
• Xendit (co-founded by Tessa Wijaya) is transforming digital payments in Southeast Asia.
• Supermom (co-founded by Joan Ong, Lynn Yeoh, and Rebecca Koh) is reshaping how brands engage with parents across Southeast Asia.

Through initiatives like gender-lens investing and the Invest2Equal (I2E) programme, AC Ventures aims to support more women-led businesses in scaling.

How does AC Ventures champion gender diversity?

AC Ventures integrates gender diversity into its investment strategy and ecosystem initiatives. Half of the senior leadership team are women, ensuring diverse perspectives in decision-making.

We actively support women entrepreneurs through mentorship, ecosystem-building, and strategic partnerships. Collaborations with BCG and Stellar Women have driven research on closing the funding gap for women founders.

Also Read: The great breakup: Why women are leaving tech leadership & what we can do

AC Ventures also shared strategies to increase women’s participation in private capital at the Global Private Capital Association (GPCA) Investor Training.

ACV is engaged in IFC’s We Fund Climate peer learning platform, supporting women-led climate start-ups.

What is your vision for the future of women in entrepreneurship and leadership?

The vision is to create an environment where women entrepreneurs have equal access to funding, mentorship, and opportunities, empowering them to scale their businesses and drive long-term impact. It is crucial to see more women in leadership positions across various sectors.

Closing the funding gap for women-led enterprises is a critical step, and fostering collaboration among investors, corporations, and policymakers is essential to making gender inclusivity a reality.

How has your journey shaped your perspective on gender diversity in the industry?

Having worked in venture capital across Asia, it’s clear how gender diversity impacts decision-making, deal flow, and economic growth. Diversity drives better business outcomes, yet women entrepreneurs still face barriers to accessing funding and networks.

AC Ventures integrates gender diversity into its investment strategy to ensure female founders have the necessary capital, mentorship, and opportunities.

What advice would you give to aspiring women entrepreneurs and investors?

Build a strong network of mentors, peers, and advisors. Seek investors who understand the industry and value diversity. Stay persistent, as success requires resilience and the ability to navigate challenges with confidence.

How can we encourage more women to enter venture capital and leadership roles?

Creating pathways for women in VC and leadership starts with access to education, networks, and opportunities. Firms must be intentional about hiring and promoting women into decision-making roles. Mentorship, industry forums, and partnerships help build a strong pipeline of female investors and leaders. By fostering an inclusive ecosystem, we can empower the next generation of women to shape the future of business and investment.

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For decades, the ride-hailing industry has been male-dominated, with women historically underrepresented as drivers. However, greater workplace flexibility, enhanced safety measures, and evolving passenger expectations are accelerating a shift in the mobility landscape. More women are stepping into the driver’s seat, reshaping industry norms and expanding the definition of financial independence in Malaysia.

According to inDrive’s statistics, women drivers accounted for 21 per cent of total rides in Malaysia in the first quarter of 2024, a figure that continues to grow. More significantly, female drivers experienced a 53 per cent increase in earnings compared to the previous year, underscoring ride-hailing’s viability as an income-generating opportunity. These shifts not only reflect expanding opportunities for women but also signal a broader transformation in workforce inclusivity and mobility trends.

Economic empowerment through ride-hailing

For many women, ride-hailing serves as more than just a job—it’s a pathway to economic empowerment. The ability to set flexible schedules allows drivers to balance career aspirations with caregiving responsibilities, making it an appealing option for single mothers, full-time caregivers, and women managing multiple commitments.

Beyond flexibility, ride-hailing has demonstrated strong earning potential, with some female drivers reporting daily incomes between RM300–RM500. While factors like fuel costs and platform commission structures influence take-home pay, the industry’s growing focus on fair wages and long-term financial sustainability will be crucial in ensuring continued participation from women. Platforms that prioritise driver incentives, equitable earnings, and financial planning tools will be better positioned to support female drivers in the evolving gig economy.

Also Read: Bridging the gender gap in GenAI learning: Strategies to get more women involved

How female drivers are enhancing passenger trust

The rise of female drivers reflects a growing demand for safer, gender-conscious mobility options. Many female passengers feel more at ease with women drivers, particularly for solo or late-night rides, reinforcing trust and confidence in ride-hailing services.

Platforms that prioritise female driver recruitment, real-time tracking, and safety features like emergency response buttons can create a more secure environment for both drivers and passengers. By fostering inclusive policies and support networks, the industry can strengthen passenger trust while encouraging more women to enter and thrive in the ride-hailing sector.

Beyond the driver’s seat: Strengthening gender representation in mobility

Women’s participation in ride-hailing must extend beyond driving to include meaningful representation in policy-making and leadership. Companies that actively elevate women in decision-making roles can drive policies that improve safety, economic equity, and working conditions, ensuring female drivers not only enter the industry but thrive in it.

Sustainable gender inclusivity requires long-term investments, from mentorship programs and financial planning resources to safer work environments and career progression opportunities. As Malaysia’s ride-hailing sector evolves, industry players must take decisive action, establishing inclusive policies, strengthening protections, and fostering leadership pathways for women. By embedding these commitments into the core of mobility services, the sector can create lasting change, shaping a more equitable and forward-thinking future.

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The beauty industry is experiencing a seismic shift, not just in size but in substance. Projected to reach a staggering US$590 billion globally by 2028, with an annual growth rate of six per cent (McKinsey), the beauty market’s growth, particularly within the dynamic region of South Asia Pacific, Middle East, and North Africa (SAPMENA), signals a profound transformation.

This isn’t simply about market expansion; it’s about a fundamental change in consumer expectations driven by a digitally native generation demanding personalised, sustainable, and technologically advanced beauty experiences. This presents a unique opportunity for startups in the Asia with disruptive innovation to drive the next big bang for the future of beauty.

The convergence of beauty and technology has created a compelling investment opportunity. Why? There is immense growth potential in pushing beauty boundaries, with innovations in this industry also serving as a springboard to other consumer sectors.

Nowhere is this more evident than in the rise of hyper-personalisation. No longer a niche trend, it’s becoming the new norm, reshaping every facet of the consumer experience. Consider the power of social commerce, where product discovery and purchase seamlessly integrate within platforms like TikTok and Instagram, driven by influencer recommendations and peer reviews.

Imagine effortlessly trying on makeup and hair colour virtually, eliminating the guesswork with AR technology. Picture personalised skincare routines optimised by AI, analysing your unique skin profile and health factors.

This vision is now a reality thanks to strategic partnerships.  Take L’Oréal’s collaboration and subsequent acquisition of ModiFace for example. ModiFace’s AR-powered virtual try-on technology lets consumers explore countless makeup looks in minutes. Similarly, L’Oréal ’s collaboration with Korean startup NanoEnTek led to Cell BioPrint, an innovative beauty tech that provides a personalised skin assessment in minutes, analysing biological age, aging signs, and responsiveness to ingredients.

As personalised, tech-driven experiences become standard, consumers are quick to abandon brands that fall short of expectations. In fact, 74 per cent would abandon a beauty purchase due to a subpar shopping experience.

The number of connected consumers is also projected to rise substantially, from 5.3 billion in 2023 to 7.5 billion in 2030, representing a significant opportunity for startups to capitalise on evolving digital needs and habits through beauty tech innovation.

Many people look to Silicon Valley for disruptive innovation, but there is a vibrant and rapidly expanding startup ecosystem in SAPMENA with over 40,000 startups. Hubs like Singapore and Southeast is perfectly positioned to unlock this golden opportunity. In Southeast Asia the startup ecosystem continues to be attractive globally, with the sector raising US$4.56 billion in equity funding in 2024.  SAPMENA is where the future of beauty can be written, and startups here hold the pen.

Also Read: How technology can influence the beauty and cosmetics industry

Collaborations fuelling innovation to shape the future of beauty

The SAPMENA beauty market offers immense potential, but scaling across its diverse landscape presents a formidable challenge for startups. Even with a viable concept or product-market fit, the most promising startups may still struggle to successfully navigate the commercial routes.

Deloitte estimates that over 80 per cent of startups fail to transition from emergent to mainstream products or services. Cultural nuances, regulatory complexities, and infrastructural scale are just a handful of examples that hinder broader market penetration, highlighting the crucial role of strategic partnerships.

Partnering with established industry leaders can help startups overcome these barriers, while creating a powerful value exchange. On one hand, industry leaders have the footprint that provides market access, industry expertise, and resources, and on the other, startups offer disruptive thinking, agility, cutting-edge technologies, and emerging niche expertise. This collaboration unlocks mutual growth and can fuel the beauty tech revolution.

This presents significant opportunities and there are multiple avenues for startups in Asia to tap into beauty tech innovation partnerships. Incubators, accelerators, and corporate venture investments are some ways to access the ecosystem. L’Oréal’s Big Bang Beauty Tech Innovation Program is a prime example of this collaborative approach.

Last year, our inaugural SAPMENA edition saw over 1,000 startups from across South Asia Pacific, the Middle East, and North Africa compete for the chance to secure pilot collaborations, mentorship from senior leadership, and the opportunity to unlock L’Oréal’s extensive network and resources, including exposure to our 37 international brands.

The beauty industry is in a constant state of evolution. Consumer preferences are shifting, technology is advancing at an unprecedented pace, and sustainability concerns are coming to the forefront. Startups, with their agility, innovative spirit, and eye on emerging trends, are uniquely positioned to navigate this dynamic landscape and shape the future of beauty.

If you’re a startup ready to disrupt a US$590 billion industry and make your mark, then join the next wave of innovators. More details here.

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Finory, a Malaysian startup providing AI-powered solutions for personal finance and lending assessment, has received investment from 1337 Ventures to broaden its fintech solutions suite.

The transaction details remain undisclosed.

Finory was initially designed to help users organise their financial lives by consolidating credit card and bank statements into a single, unified view. The company currently provides AI-powered solutions like statement parsing, transaction categorisation, and transaction enrichment APIs.

The app allows users to consolidate credit card and bank statements, providing a unified view to help them manage spending, track multiple accounts, and maximise cashback opportunities.

Also Read: How Finory aims to improve financial literacy — one credit card at a time

“Managing multiple accounts and credit cards can be overwhelming for many Malaysians, which is why we created Finory. While our app simplifies personal finance, we saw an opportunity to extend the same technology to empower banks and fintechs. By providing enriched financial data and insights, we are now helping financial institutions streamline lending assessments and better serve their customers,” said co-founder Kee Hui Jiang.

Bikesh Lakhmichand, CEO and founding partner of 1337 Ventures, praised Finory’s ability to innovate and scale, evolving from a personal finance solution to a platform that empowers financial institutions with deeper insights and smarter tools. This expansion into fintech and banking services marks a significant milestone for Finory.

Established in 2012, 1337 Ventures invests in pre-seed and seed-stage startups in Malaysia. The firm has accelerated over 4,000 startups through Leet Academy, using Design Thinking Methodology and Design Sprints.

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In the fast-paced world of technology and startups, successful entrepreneurship demands a unique blend of tenacity, expertise, and strategic thinking. As founders and entrepreneurs, it is imperative to equip ourselves with proven knowledge and actionable insights that set us apart in this dynamic landscape.

This article delves into invaluable strategies and expert advice to help you build a solid foundation, secure funding, execute effective marketing campaigns, and scale your startup. Prepare to embark on a journey of entrepreneurial mastery in the ever-evolving tech sphere.

Begin with a strong market understanding

The bedrock of a thriving startup lies in identifying and validating market needs and problems. Rigorous market research and comprehensive analysis empower entrepreneurs to unearth lucrative opportunities that align with their vision and expertise.

Crafting a meticulous business plan is a strategic compass encompassing crucial elements such as goals, target market, competitive analysis, financial projections, and growth strategies. Just as an architect’s blueprint guides the construction of a masterpiece, a well-crafted business plan paves the way for a successful entrepreneurial journey.

Assemble a dream team

No entrepreneurial endeavour can reach its zenith without a cohesive and talented team. The process begins by handpicking passionate individuals who not only complement the founder’s strengths but also possess the specific expertise required for the venture.

The alchemy of talent, shared vision, and diversity in skills fuels collaboration, innovation, and a relentless pursuit of excellence. Cultivating a positive company culture establishes an environment where team members are motivated and inspired to contribute their best.

Have a clear fundraising strategy

In the nascent stages, bootstrapping becomes a viable strategy for entrepreneurs to maintain control and retain equity. Personal savings, loans, and support from family and friends act as the fuel to ignite their entrepreneurial journey.

Also Read: How business leaders can utilise generative AI in employee communications

However, for startups poised for significant growth, venturing into the realm of securing funding becomes essential. Crafting a compelling pitch deck supported by comprehensive market research and financial projections is pivotal in attracting venture capitalists.

Engaging with specialised investors who have a profound understanding of the industry and showcasing a unique value proposition, untapped market potential, and a scalable business model can elevate the chances of securing crucial capital.

In the quest for financial backing, entrepreneurs should also explore alternative funding sources. Angel investors, crowdfunding platforms, and government grants provide supplementary avenues for entrepreneurs to tap into. Each source possesses its own unique set of requirements and potential benefits. Adapting their approach to align with these funding sources not only expands the opportunities but also diversifies the financial backing, reducing reliance on a single channel.

Be clear about your brand message

In the ever-competitive tech sphere, successful marketing and branding strategies are paramount to stand out from the crowd. Precise and meticulous targeting takes centre stage as entrepreneurs define their ideal customers through the creation of comprehensive buyer personas and meticulous market segmentation. Understanding the needs, pain points, and aspirations of the target audience empowers entrepreneurs to tailor their products or service effectively, optimising their chances of success.

Crafting a compelling brand identity forms the cornerstone of a winning marketing strategy. A diligent investment of time and resources in developing a strong and memorable brand is a non-negotiable step. From a captivating logo to consistent branding across all touchpoints, an effective brand identity resonates deeply with the audience. Apple’s iconic branding, synonymous with simplicity and elegance, stands as a testament to the profound impact a well-crafted brand can have on consumer perception and loyalty.

Harnessing the power of digital marketing

In the digital age, entrepreneurs possess a treasure trove of marketing channels to amplify their reach. Through social media, content marketing, search engine optimisation (SEO), and targeted email campaigns, entrepreneurs can create engaging and relevant content that establishes a strong online presence. The versatility and potential of digital marketing lie in its ability to drive organic traffic, foster customer engagement, and cultivate brand awareness.

Also Read: Dear tech startups, it’s never too early for PR!

Scaling your startup

As entrepreneurs navigate the scaling phase, the ultimate key to success lies in prioritising customer satisfaction and success. By providing exceptional customer service, actively gathering feedback, and continuously iterating and improving their product or service based on customer needs, entrepreneurs forge strong bonds with their customer base. These satisfied customers become brand advocates, spreading positive word-of-mouth referrals and fueling organic growth.

Strategic partnerships are another vital component of scaling a startup. Collaborating with complementary businesses or strategic allies can unlock new markets, expand reach, and provide access to additional resources and expertise. Seek out partnerships that offer mutual benefits, enhancing both parties’ growth trajectories.

Innovation and adaptability are indispensable qualities for entrepreneurs in the tech sphere. The landscape is constantly evolving, and staying ahead of the curve requires a culture of innovation within the organisation. Encourage employees to think creatively, embrace calculated risks, and foster an environment that nurtures and rewards bold ideas.

Conclusion

Mastering entrepreneurship in the tech sphere is an exhilarating and challenging endeavour. By building a strong foundation rooted in market understanding, assembling a stellar team, and securing adequate funding, entrepreneurs can position themselves for success.

As startups scale, prioritising customer success and forging strategic partnerships become the cornerstones of sustainable growth. In the ever-evolving tech sphere, embracing innovation and adaptability ensures that entrepreneurs stay one step ahead.

As you embark on your entrepreneurial journey, remember that perseverance, resilience, and a growth mindset are key attributes of successful founders. Continuously seek knowledge, learn from both successes and failures and surround yourself with mentors and peers who can guide and inspire you.

The path may be challenging, but with the right strategies and a passion for innovation, you can thrive in the exciting world of entrepreneurship and make a lasting impact in the tech sphere.

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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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This article was first published on May 29, 2023

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