Breaking down which VCs have funding available

More: Lazada Logistics Indonesia’s CEO steps down from his role. [Read from your browser]( Daily Newsletter Welcome to Tech in Asia's free Daily Newsletter! Get full access to our subscribers-only Daily Newsletter and other insightful analysis on the big and messy topics of Asia’s tech and startup community by [registering here](.  --------------------------------------------------------------- IN FOCUS In today's newsletter, we spotlight: - [Updates to our VC funds tracker]( - The Chinese AI investor marching to the beat of his own drum - Other newsy highlights such as Lazada Logistics Indonesia’s CEO resigning --------------------------------------------------------------- Hello {NAME} Is perception really reality? It’s a hard philosophical question to answer, but as with all things, if you can look at some good data, you stand a better chance of answering it. For example, one might have the perception that amid a funding winter and economic headwinds, VCs don’t have much capital available to invest. Our VC funds tracker, however, tells a different story. The data shows that VCs focused on Southeast Asia and India have plenty of dry powder on hand, so they’re perhaps just being more cautious about where they invest it. -- Peter  ---------------------------------------------------------------  THE BIG STORY [VC funds tracker: Orient Growth, Cactus Venture, others add $184m in new funds]( Fundraising is difficult. To make things easier, we have compiled a detailed list of the most recent VC funds for our subscribers. --------------------------------------------------------------- TRENDING NEWS [GSR Ventures exec says no to LLMs, opts for market-ready AI products]( In a recent Tencent News interview, Allen Zhu highlighted the importance of quick market fit and revenue generation for AI firms in China. [Lazada Logistics Indonesia CEO steps down]( Philippe Auberger had been with Lazada since 2015, previously serving as the country manager of Lazada Express in Indonesia. --------------------------------------------------------------- TECH IN ASIA CONFERENCE 2024 The rise of Malaysia’s tech ecosystem The Tech in Asia Conference is back! This year, we’re thrilled to be hosting our flagship event not just in Jakarta but also at a new stop: Kuala Lumpur. Set for July 24 to 25, TIA Conference KL aims to provide a platform for founders, leaders, and innovators from Southeast Asia to come together, foster connections, and exchange insights on Malaysia's untapped potential. Through thought-provoking panels, curated networking sessions, and dedicated exhibition opportunities, attendees will gain a fresh perspective on what’s next for the country’s tech ecosystem. Tickets to this event are available now. Catch our early bird special, with prices starting from just US$40 (US$80 unit price) for a General Pass. [Grab yours while the offer lasts]( ---------------------------------------------------------------  VISUAL STORY OF THE DAY [Vietnam’s top-funded tech companies in the last decade]( Our automated tracker makes sure that you aren't late to the country’s next unicorn party. ---------------------------------------------------------------  PRESS PEEKS The following press releases were published as they were received, without any editing from the Tech in Asia team. You too can publish your own press release on Tech in Asia by simply filling in [this]( page](. Our team will get back to you by the next business day. - CBTW - [Philippines’ Metrobank partners with CBTW to transform its wealth management technology]( Metrobank & CBTW are implementing Temenos Wealth to enhance the Bank's operational efficiency and accelerate business growth.  - iCompany - [iCompany Launches AI-Powered Digital Solutions for Business Incorporation in Malaysia]( iCompany is set to transform the way entrepreneurs and businesses set up Sendirian Berhad in Malaysia.  - Request Finance - [Request Finance Acquires Consola Finance To Become the Ultimate Enterprise Finance Platform for Both Crypto and Fiat]( Request Finance just acquired one of the leading technologies for crypto accounting - Consola Finance.  ---------------------------------------------------------------  EVENTS HAPPENING You can also check out a curated list of trending tech events [over here](. - [Saigon Summit 2024: Charting Vietnam’s Tech Future on May 30]( By popular demand, we’re bringing our signature trade show, Startup Showcase, to Saigon Summit on May 30! Startup founders, it’s your chance to put your name on the map and get the eyeballs of hundreds of tech professionals. Your next investor or business partner could be in the mix! Check out the perks you’ll receive when you sign up for Startup Showcase: * Your own space to showcase your product * Two tickets to Saigon Summit * Exclusive promo code for more tickets * Your logo spotlighted on our event website * .. and a lot more! Limited slots available - [apply to exhibit now]( - [Tech in Asia’s Founders Meetup in Singapore on April 24]( Discover what awaits at Founders Meetup 2.0 in Singapore! Join us at Hopscotch to glean insights and insider tips from distinguished VCs on navigating the tech winter. You could even secure exclusive face time with them to gain clarity on your funding struggles and prospects. Don’t miss out - [grab your ticket]( and be part of the experience! P.S. We’re just getting started. We’re hosting many other Founders Meetups this year, so [stay tuned]( - [Tech in Asia Conference Kuala Lumpur: Malaysia on the Rise]( The Tech in Asia Conference is back! This year, we’re thrilled to be hosting our flagship event not just in Jakarta but also at a new stop: Kuala Lumpur. TIA Conference KL aims to provide a platform for founders, leaders, and innovators from Southeast Asia to come together, foster connections, and exchange insights on Malaysia's untapped potential. Through thought-provoking panels, curated networking sessions, and dedicated exhibition opportunities, attendees will gain fresh perspectives on what’s next for the country’s tech ecosystem. Tickets to this event are available now. Catch our early bird special, with prices starting from just US$40 (US$80 unit price) for a General Pass. [Grab yours while the offer lasts]( ---------------------------------------------------------------  CONFERENCE LINEUP Check out Tech in Asia’s other signature events lineup for 2024 [here](. - [Product Development Conference (June 2024)]( Presale is now open! This year’s conference, themed around “scaling product innovation from startup to enterprise,” will deliver tailored insights for attendees at any stage of their business journey. [Secure your spot now]( - tickets start from US$13 (197,500 rupiah)! - [Tech in Asia Conference Kuala Lumpur 2024 (July 2024)]( For the first time ever, Tech in Asia Conference is coming to Kuala Lumpur! Join us in July as tech enthusiasts and industry experts across Southeast Asia get together for the region’s largest tech gathering. ---------------------------------------------------------------  WHO'S HIRING You can post a job [here]( or search for jobs [here](. - [IT Security Manager]( at KoinWorks Jakarta, Indonesia - [Data Analyst]( at Pasifik Satelit Nusantara Indonesia Bulk Terminal, Indonesia - [Operation Network Engineer]( at PT Sinergy Informasi Pratama Depok, Indonesia - [Jr. 3D Designer (Event, Set, & Stage)]( at Female Daily Network Jakarta, Indonesia - [Product Manager]( at Scout.inc Jakarta, Indonesia - [Performance Management Lead]( at AwanTunai Jakarta, Indonesia [ADVERTISE]( | [SUBSCRIBE]( P.S. Don't miss out on the biggest tech news and analysis. Add newsletter@techinasia.com to your address book, contacts, or safe sender list. Or simply move us into your inbox. Tech in Asia thanks our partners for supporting our newsletters. 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