Ovo’s throne in jeopardy as GoTo ramps up pressure

More: Sony joins gaming industry’s deal mania and a funding frenzy in SEA [Read from your browser]( Daily Newsletter Hello {NAME} , Don't put all your eggs in one basket. We’ve heard the saying countless times before - teachers and parents always have it handy. The idiom's origin is [believed to be]( from Miguel Cervantes' Don Quixote in the early 1600s. Yet, more than four centuries later, the phrase is still relevant in society as a quick and easy way to dole out good advice. Ovo would agree. The Indonesian e-wallet has appeared to steadfastly implement this simple yet wise strategy. Despite counting Tokopedia, one of Indonesia’s top ecommerce platforms, as its biggest driver of transactions, Ovo has cleverly cushioned any drop-off in business due to the merger of Tokopedia and Gojek to form GoTo Group. Ovo has [reduced its dependence on Tokopedia]( by inking partnerships with other marketplaces, including Blibli, Zalora, and Lazada. However, with Gojek’s solutions, such as GoPay, now hogging the limelight on Tokopedia's platform, my colleague Jofie Yordan dives in deep to figure out if Ovo can preserve its status as Indonesia’s top e-wallet and if it really even matters, given that financial services are the [monetization endgame for e-wallets](. Also, if you’re an entrepreneur looking for funding, [fill out this form]( to get your company featured on our list of fundraising startups. -- Shravanth  ---------------------------------------------------------------  THE BIG STORY [Can Ovo, ‘shunned’ by Tokopedia, keep the crown?]( While Ovo is still available as a payment option in Tokopedia, it is no longer in the most favorable position. But that may not matter in the long term.  ---------------------------------------------------------------  EVENT Curious about NFTs and want to expand your insights about this phenomenon? On February 10, catch our workshop with David Shin, head of global adoption at the Klaytn Foundation, to learn more about the digital asset! Get a single ticket to attend this workshop or subscribe to Tech in Asia Core at just US$0.55/day for unlimited access to all our workshops, signature conferences, and premium content. [Register now.]( ---------------------------------------------------------------  TRENDING NEWS [Sony to buy Halo game creator for $3.6b]( The acquisition will give Sony access to Bungie’s live game services and technological expertise. [Canva backer raises $493m for 3 new funds]( AirTree will use the funds for investment in early-stage, Web3, and growth-stage startups. [India to launch digital rupee by 2023]( The country’s finance minister also proposed a 30% tax on proceeds from digital assets. [Ex-Careem execs’ startup lands $36m in series A 💰]( Retailo aims to help small business owners by building a commerce platform for the B2B community. [🇮🇩 quick commerce firm gets $27m package from Sequoia, others]( Astro plans to use the funds to expand its operations across Indonesia and ramp up hiring by 3x. [Sequoia, Tiger Global lead $250m round of subscription SaaS unicorn]( With the latest round, Chargebee has raised a total of US$470 million to date. --------------------------------------------------------------- EVENTS HAPPENING You can also check out a curated list of trending tech events [over here](. - *Event* [[Workshop] What NFTs mean to startups in Southeast Asia]( on February 10th Curious about NFTs and want to expand your insights about this phenomenon? On February 10, catch our workshop with David Shin, head of global adoption at the Klaytn Foundation, to learn more about the digital asset! Get a single ticket to attend this workshop or subscribe to Tech in Asia Core at just US$0.55/day for unlimited access to all our workshops, signature conferences, and premium content. - [AWS SaaS Forum]( on February 17th Join the AWS SaaS Forum on February 17 to uncover opportunities and insights on SaaS trends, outlook for 2022 and how to build your business playbook. Attendance is complimentary. --------------------------------------------------------------- WHO'S HIRING You can post a job [here]( or search for jobs [here](. - [UX Researcher (Orami)]( at SIRCLO Tangerang, Indonesia - [Head of Marketing Operations]( at tomps.id Jakarta, Indonesia - [Brand Associate]( at Dbrandcom Jakarta, Indonesia - [Project Manager]( at PT Barito Integra Teknologi Jakarta, Indonesia - [Software Engineer-Backend Lead (NodeJs)]( at Tebengan Jakarta, Indonesia - [Financial Controller]( at Pandawa Agri Indonesia Banyuwangi, Indonesia [ADVERTISE]( | [SUBSCRIBE]( P.S. 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