Buymed’s revenue is up but so are its losses

More: Gojek Singapore embarks on a new journey with ComfortDelGro Taxi [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: - Buymed’s [2022 performance]( - A US$6.5 million pre-series A round for an Indian startup focusing on real estate decarbonization - The Indonesian fintech players navigating a tech winter - Other newsy highlights such as a new partnership between Gojek Singapore and ComfortDelGro Taxi --------------------------------------------------------------- Hello {NAME} One of the most famous scenes in The Wolf of Wall Street is [this meeting]( between the two characters played by Leonardo DiCaprio and Matthew McConaughey. In it, McConaughey’s character brings up the idea that stock prices and their movements are all a fugazi, that it’s all fake and imaginary and no one knows what can happen. It’s a striking example of how corrupt stockbrokers like him don’t really care about the financial market and the impact it can have on their clients. This, of course, couldn’t be further from the truth. How companies perform can often have big consequences, whether it’s on the customers they serve or their investors. As such, companies’ performance - and the accompanying reports - hold a lot of weight for many people, which is why at Tech in Asia, we often take a closer look at those reports. In today’s premium story, we explore the latest financial figures of Vietnamese B2B platform Buymed and what they could mean. -- Jonathan  ---------------------------------------------------------------  THE BIG STORY [Buymed’s 2022 revenue hit $76.4m, losses expanded amid rising competition]( Buymed has also expanded its marketplace model - which serves small drugstores - to Cambodia and Thailand. --------------------------------------------------------------- TRENDING NEWS [Gojek, ComfortDelGro Taxi to swap unclaimed rides with partnership launch]( The partnership, aimed at reducing customer wait times and increasing service reliability, rolls out on April 29. [India-based Accacia bags $6.5m for real estate decarbonization tool]( Global VC firm Illuminate Financial led the pre-series A funding round, with participation from AC Ventures, Accel, and B Capital. ---------------------------------------------------------------  VISUAL STORY OF THE DAY [Mapping the Indonesian fintech players navigating a tech winter]( Between 2021 and 2023, the payments, lending, brokerage, and insurtech segments attracted the most money for the country’s fintech industry. --------------------------------------------------------------- SAIGON SUMMIT 2024: CHARTING VIETNAM’S TECH FUTURE Be part of our lineup of exhibiting startups from around the world Startup Showcase is attracting top-tier talent from around the world! With applicants hailing from Japan, India, the US and beyond, the competition for one of the 30 coveted spots is heating up. From AI and e-commerce disruptors to next-gen gaming studios and electric vehicle innovators, the diversity of participating startups is something to behold! Don't miss out on your chance to showcase your company alongside these rising stars. Secure your spot at the Startup Showcase and join us for a day of inspiration, collaboration, and endless possibilities at Saigon Summit. The clock is ticking, and the application deadline is fast approaching. [Sign up now]( and make sure your startup doesn't get left behind! Hurry - the first 10 qualified applications will get 10% off our Startup Showcase packages! ---------------------------------------------------------------  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. - NeuAlgo Technology Co - [NeuAlgo's SD-MBS Makes Significant Strides: Effective Adaptive DDoS Protection]( The SD-MBS framework merges SDS and MBS tech to combat DDoS with automated defenses, advancing AI applications in its Beta launch.  - BlockPR - [GEM Soars to 52nd on Clutch's Top 100, Driven by Visionary Growth]( GEM ranks 52nd with 78.2% growth from 2022 to 2023, showcasing a commitment to excellence and innovation. ---------------------------------------------------------------  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]( Vietnam's tech scene is a story of grit, innovation, and potential. From ecommerce to funding and electric mobility, join Sendo CEO Tran Hai Linh, Vertex Ventures advisor Tuyet Vu, and Dat Bike CEO Son Nguyen as they explore the industry’s past, present, and future. Don't miss out – [get your ticket]( it's snatched up[!]( [Tech in Asia Conference Kuala Lumpur 2024 : Malaysia on The Rise on July 24-25]( Fintech and travel tech enthusiasts, this one's for you! Join us at the Tech in Asia Conference in KL to hear from Tonik Bank, CrescentRating & HalalTrip as they share their expertise and insights. Don't miss out - [purchase your tickets today]( [Product Development Conference (Jakarta, 25-26 June 2024)]( In this edition of Tech in Asia’s flagship conference for product talent, get access to keynote presentations, interactive Q&As, and networking opportunities that help you to build, launch, and scale world-class products. Early-bird tickets are gone, but fear not—you can now grab first-release tickets at 50% off! 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[Apply for an invite today.]( Due to limited space, we will curate and send invitations to selected participants via email. ---------------------------------------------------------------  WHO'S HIRING You can post a job [here]( or search for jobs [here](. - [Event Associate (Freelance)]( at Tech in Asia Jakarta, Indonesia - [AI/ NLP Engineer]( at AiChat Jakarta, Indonesia - [Delphi developer and Database Administrator]( at White Horse Group Jakarta, Indonesia - [Marketing Intern]( at Qiscus Jakarta, Indonesia - [Sales Promotion Girl & Sales Promotion Boy Event (Bandung x Beauty 2024)]( at Scout.inc Jakarta, Indonesia - [Senior Tax Associate]( 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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