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Indonesia's beauty commerce scene has a full face on

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Sun, Apr 14, 2024 11:32 PM

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More: VinFast begins selling its bikes in the US and Toyota Ventures announces its newest funds. Dai

More: VinFast begins selling its bikes in the US and Toyota Ventures announces its newest funds. [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: - [Indonesia’s beauty commerce landscape]( - An India-based AI cloud and platform-as-a-service startup that’s just raised seed money - Other newsy highlights such as VinFast selling its e-bike in the US and Toyota Ventures’ newest funds --------------------------------------------------------------- Hello {NAME} There are so many beauty brands out there these days, and even more beauty products. When I was younger, I was pretty much only familiar with whatever the local drugstore stocked - names like SilkyGirl, Maybelline, and Revlon made up my early forays into makeup. Now, with the internet at my fingertips, I can explore so many more brands and products. Whether it’s retinol from Canadian brand The Ordinary, eye cream from South Korea’s Some By Mi, or lipsticks and blushes from brands I’ve never heard of before hailing from Thailand or Indonesia, there’s so much more that’s accessible right from my smartphone screen. Today’s premium story reflects this growth in the beauty commerce space, specifically in Indonesia. As the nation’s population becomes more affluent, its purchasing power has also increased. This creates an exciting opportunity for startups in the sector, whether they’re making the products themselves or crafting marketplaces where users can discover new and exciting brands. -- Stefanie  ---------------------------------------------------------------  THE BIG STORY [The key players in Indonesia’s beauty commerce space (update)]( While beauty commerce in Indonesia rode the ecommerce wave amid the pandemic, funding for the sector declined sharply in 2023 --------------------------------------------------------------- TRENDING NEWS [VinFast starts sale of e-bike in the US]( The VF DrgnFly is retailing at US$2,599. [Toyota Ventures bookmarks $300m for global startup investments]( This brings the VC firm’s total managed assets to over US$800 million. ---------------------------------------------------------------  VISUAL STORY OF THE DAY [Weekly funding: China, India, Vietnam rounds take top 3 places]( Keep track of all the startup investment activities in Asia through our weekly funding list. --------------------------------------------------------------- TECH IN ASIA REGIONAL FOUNDERS MEETUP: SINGAPORE  On April 24, learn practical insights to take on the ongoing tech winter Amid the slump in the current macroeconomic environment, are VCs now ready to deploy funds? Well, we don’t have the answer, but we know experts that do. Join Square Peg principal Ed Barker, MSW Ventures general partner Jeffrey Seah, and Antler associate partner Rufus Sorsa on April 24 to get a deeper understanding of the current funding landscape. [Tickets are selling fast, so secure your seat before it’s too late!]( ---------------------------------------------------------------  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. - Bossjob - [WSHAsia and Bossjob Join Forces to Elevate Workplace Safety, Health, and Environment Hiring in Singapore and Malaysia]( WSHAsia and Bossjob have formed a groundbreaking collaboration to champion Workplace Safety, and Health (WSH) hiring in Singapore and Malaysia. ---------------------------------------------------------------  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]( Competition for the 30 coveted spots at the Startup Showcase is getting fierce, with applications from Japan, India, the US, and beyond. Don't miss out on your chance to showcase your startup alongside the rising stars of the industry. The first 10 qualified applicants will get 10% off our showcase packages. Hurry, applications close April 22. [Sign up now]( and make sure your startup doesn't get left behind! - [Tech in Asia Conference Kuala Lumpur 2024 : Malaysia on The Rise on July 24-25]( Join us this July for a time of insightful panels, skill-building workshops, and exclusive interviews with top brands. First release tickets are available until April 22nd. Participating companies include AWS, Antler, Google Cloud, Odoo, Sunrate, and more. [Purchase a General Pass for just US$45]( (U.P. US$80) today! - [Product Development Conference (Jakarta, 25-26 June 2024)]( 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.](  - [Tech in Asia’s Founders Meetup in Singapore on April 24]( We have a lot in store for you this April at Founders Meetup. Uncover Glasswall’s impact on fundraising and seize exclusive face time with renowned VCs from Antler, MSW Ventures, and Square Peg to discuss funding prospects during our all-new VC office hour. [Only a handful of tickets left, so hurry!](  - [Tech in Asia’s Founders Meetup in Vietnam on May 30]( Founders Meetup is returning to Vietnam as part of the official closing party of Saigon Summit! Unwind and connect with founders, startup leaders, and investors from across the region at this premier networking mixer. Hurry, [get your early bird ticket before promo ends on April 19!]( ---------------------------------------------------------------  WHO'S HIRING You can post a job [here]( or search for jobs [here](. - [Client Success Manager (Indonesia) (Arches Corporation)]( at Dealls Jakarta, Indonesia - [Senior Solution Engineer]( at Mekari Jakarta, Indonesia - [Chief of Staff]( at Propseller Singapore, Singapore - [DevOps Engineer]( at Salad Ventures Indonesia Bulk Terminal, Indonesia - [Head of Product Manager (Inovasi Anak Indonesia - PARKEE)]( at Scout.inc Jakarta, Indonesia - [Head of Sales Project Vasaka Nines, BSD City (Waskita Modern Realti)]( at Dealls Tangerang, 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. Sponsorship has no influence on editorial content. Too many emails? Switch to a different frequency or get new content through our [preference center]( or [unsubscribe](. You can also break our hearts and remove yourself from all Tech in Asia emails over [here](  ---------------------------------------------------------------  Copyright © 2024 Tech in Asia, All rights reserved. 63 Robinson Road, Singapore 068894

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