Zomato’s comeback story is built on sensible foundations

More: Sea Group’s strong Q1. [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: - [Zomato’s comeback story]( - AnyMind Group’s continued ascent - Other newsy highlights such as Sea Group’s encouraging Q1 financials --------------------------------------------------------------- Hello {NAME} The general wisdom is that people mellow out as they get older. When I was younger, I thought this meant that adults just kind of experience relatively duller or muted emotions, but as I’ve grown up, I realized it’s more a function of knowing that good and bad things all come and go. If everything goes in - more or less - cycles, then a turnaround from whatever crisis you’re going through is just right around the corner. Similarly, the best times don’t last forever. We also become more self-reflective, and we’re able to better see the objective reasons for why things happen. All of this means we tend to become a bit more level-headed as we get older. Similar reasons explain Zomato’s turnaround from making a loss to becoming profitable - its effective use of analytics and its prioritizing of profitability over growth (which could be said to be the “boring” or “mature” thing to do) have been the keys to its success. Perhaps the tech industry as a whole is also becoming more mature. If that means fewer shocks and more sustainable growth and practices, I’ll happily take it. -- Winston  ---------------------------------------------------------------  THE BIG STORY [From bust to boom: Zomato turns the tide]( Ads revenue, the Blinkit acquisition, and data analysis have helped reverse Zomato's fortunes in a few months after its post-IPO crash. --------------------------------------------------------------- TRENDING NEWS [Sea’s Q1 results a ‘strong start’ to 2024]( Overall revenue rose to US$3.7 billion, up 22% from Q1 2023. [AnyMind’s revenue jumps 60%, posts $2.3m in operating profit for Q1]( The Singapore-based ecommerce enabler’s gross profit also improved by 57% year on year to US$24.3 million. ---------------------------------------------------------------  VISUAL STORY OF THE DAY [A list of fundraising startups from Asia (Updated)]( Fundraising is hard. 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