RedDoorz sees a path to profitability

More: Singaporean writers are concerned AI will rip off their work. [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: - [Fresh investment for RedDoorz after hitting cash flow landmark]( - Cybersecurity firm Sprinto scores US$20 million in funding - Other newsy highlights such as Singaporean writers voicing their concerns about AI --------------------------------------------------------------- Hello {NAME} How does a business survive without much - or any - money coming in? Companies had to figure this out when the Covid-19 pandemic struck in 2020. The hospitality sector was hit particularly hard as, after all, very few of us were travelling. Lots of firms went out of business, but Singapore-based RedDoorz managed to stick around. CEO Amit Saberwal says that was partially thanks to support from the company’s internal investors, and it seems like that faith could pay off soon. RedDoorz says it hit cash flow positive late last year and is eyeing profitability in 2024. Turns out, a business runs a whole lot smoother when cash is coming in. -- Peter  ---------------------------------------------------------------  THE BIG STORY [RedDoorz brings in $28.2m after becoming cash flow positive in Q4 2023]( The company secured the new capital from Asia Partners, Mirae Asset Venture Investment, and other investors, according to Alternatives.pe data. --------------------------------------------------------------- TRENDING NEWS [Indian risk compliance firm secures $20m to fuel R&D in AI, automation]( Founded in 2020, Sprinto automates information security compliance and privacy laws, mainly for SaaS companies. [Singapore authors raise copyright concerns over IMDA’s AI model]( While the IMDA has launched a survey to gather input, writers say it has a short timeframe and lacks clarity around compensation. ---------------------------------------------------------------  VISUAL STORY OF THE DAY [Surviving the funding game: how timing can make or break your startup]( Industry realities, economic conditions, and market volatility can affect the time gap between funding rounds. ---------------------------------------------------------------  EVENTS HAPPENING You can also check out a curated list of trending tech events [over here]( and Tech in Asia’s signature events [here](. - [Saigon Summit 2024 : Charting Vietnam’s Tech Future on May 30]( We’re bringing the big guns to Saigon Summit. From VNLife CEO Niraan De Silva to Geniebook co-founder and CEO Neo Zhizhong and Ascend Vietnam Ventures co-founder and general partner Binh Tran, the stage is set for some serious insights. 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