Tonik Founder and CEO Greg Krasnov
Oyo lays off 600 people amid restructuring plans
The SoftBank-backed hotel chain had 3,700 employees before the firing; The company has cut down operations in China and the US and is now focusing on India, Southeast Asia, and Europe.
CVC Capital explores sale, growth options for Razer
The development comes less than a year after CVC bought Razer, co-founded by Min-Liang Tan and the late Robert Krakoff in California and Singapore in a US$3.2B deal.
SG’s AirCarbon exchange looks to raise US$50M Series B
The round has already picked the interest of 17 parties, including banks and financial institutions; The carbon exchange’s existing backers include Abu Dhabi state fund Mubadala Investment Co. and Deautsche Borse.
A-Labs launches US$10M Web3 fund in Philippines
Archipelago Labs is backed by partners from the PDAX, Oak Drive Ventures, and Magellan Digital Investment Group; Next year, the startup accelerator will run the first cohort for its Archipelago Labs Accelerator Block.
Singapore’s Carousell lays off 110 employees
Quek Siu Rui, CEO of mobile classifieds unicorn, says that Carousell saw the signs of high inflation, geopolitical risks and supply chain disruption as early as March this year.
Philippine digibank Tonik to acquire B2B fintech firm TendoPay
TendoPay helps companies provide payroll-enabled financial solutions to employees; Its services include BNPL, emergency cash loans, personal finance tools, virtual cards, prepaid insurance cards, and reward programmes.
Tesla teases Thailand entry this month
On its LinkedIn page, the company posted a teaser for the launch only available to users in the country; On its LinkedIn page, the company posted a teaser for the launch only available to users in the country.
Carbon tech startup Fairatmos lands US$4.5M seed capital
The investors are Go-Ventures, Kreasi Terbarukan, Vertex SEA and India; Fairatmos helps project developers design carbon sequestration projects and connect with firms and individuals seeking to buy or finance carbon credits to reach their net-zero goals.
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GapMaps takes the guesswork out of your location planning decisions
GapMaps provides accurate and up-to-date information about locations, which retailers can use while expanding their network or optimising existing stores.
Preference for green jobs is the “most exciting” climate tech development: Lightspeed
While this volume of talent is still too low to have a transformative impact by itself, Lightspeed views this trend as “encouraging”.
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Serving up the future: How robots are revolutionising the F&B industry
By embracing the support of technology to augment the human resources we have, the F&B industry can grow by leaps and bounds.
A new era of events: How the pandemic created a new norm
As the height of the pandemic draws to a close, businesses can reach new and greater audiences than ever before through hybrid and virtual events.
Web3
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Indonesia central bank says digital rupiah currency can be used in metaverse
Bank Indonesia launched the design for the digital rupiah last week; The currency will use a tech platform that will be compatible with other central banks’ digital currencies.
9 simple ways to cut down on your crypto taxes
This article sheds light on some of the smartest options to help you save more on your crypto taxes and lessen your liability.
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The post Ecosystem Roundup: Layoffs at Oyo, Carousell; Philippines gets US$10M Web3 fund; Tonik to buy TendoPay appeared first on e27.