The investors fuelling Southeast Asia’s transportation firms

More: Socar’s disappointing IPO and a Web3 firm’s US$2 million pre-seed round. [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](. --------------------------------------------------------------- Hello {NAME} As I pondered over what to serve in today’s newsletter, which deals with logistics and transportation in Southeast Asia, it dawned on me that my views on this space were limited to certain sub sectors rather than the industry as a whole. Given current global supply chain bottlenecks, my mind immediately veered toward firms that move various kinds of cargo. But, as I dove into my research, another realization would soon strike me: The logistics and transportation industry is massive, not necessarily in terms of size, but in terms of the variety. The deeper I dug, the more I realized the industry has a pivotal role in ensuring the steady flow of goods, services, and people as well as the smooth functioning of modern economies. From in-city micromobility operators to long-haul freight forwarders, transportation and logistics have their fingerprints on almost every aspect of society. It makes me wonder if the role of transportation in facilitating the world’s transition to a global village is an underappreciated one. However, today’s premium story is all about investors who greatly value the importance of this space. After all, they’re literally putting their money behind it. This listicle highlights the most active backers of logistics and transportation startups in Southeast Asia over the past two years. 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 [Series SEA: Who’s investing in the region’s logistics and transportation startups?]( We've compiled a list of investors that are pouring money into Southeast Asia’s logistics and transportation startups.  --------------------------------------------------------------- TRENDING NEWS [PayMongo CEO goes on ‘voluntary leave’]( The development, which was announced at a town hall meeting, comes amid an ongoing board investigation against CEO Francis Plaza for alleged harassment. [Hodlnaut discloses $280m in outstanding liability after crypto dip]( In an affidavit, the firm disclosed a shortfall of US$193 million, The Block reported. [JD.com posts slow revenue growth in Q2]( The Chinese online retailer posted a 5.4% growth to US$40 billion in net revenue in the June quarter. [Founders of SG personal finance firm Seedly depart]( Kenneth Lou and Tee-Ming Chew have handed over the reins to Yeap Ming Feng, Seedly’s marketing manager, and Ian Hutchinson, SingSaver’s general manager. [Indonesian edtech firm names ex-trade minister as commissioner]( Wirjawan will join existing commissioners Arya Setiadharma, who is the CEO of investment firm Prasetia Dwidharma, and Centauri Fund partner Kenneth Li. [China rebukes local ride-hailers over safety violations]( A total of 11 platforms were named, including Meituan and Didi, among others, reported Technode. --------------------------------------------------------------- TECH IN ASIA POLL New polls arrive every Tuesday! Last week, Sea Group reported [its lackluster second quarter earnings report](. The tech giant not only saw its losses balloon 77% to more than half a billion US dollars, but also suspended its full-year revenue guidance for Shopee, its ecommerce unit. As a result, the Singapore-based firm’s share fell over 20% last week, [but was it an overreaction?]( [Yes]( [No]( Note: Results of our previous poll can be found at the end of the newsletter  --------------------------------------------------------------- TECH IN ASIA'S SPEED DATING  Apply for the chance to meet your most relevant investors at Tech in Asia Conference! Over the last 10 years, we've received thousands of applications for our flagship Speed Dating events. Our 6% acceptance rate for founders and investors is a testament to how far we go to curate these one-to-one meetings and give all participants the best chance of discovering their next prospect or funding opportunity. This year's investor participants are looking to meet companies from pre-seed through series B stages. Founders, if you fit the bill, [apply by September 1]( ---------------------------------------------------------------  EVENTS HAPPENING You can also check out a curated list of trending tech events [over here](. *Event* [Tech in Asia Conference]( Segments on Sept 15th at Menara Mandiri, Indonesia, and on September 21st - 22nd at Marina Bay Sands, Singapore. Did you know there are three events within the Tech in Asia Conference, designed specifically for early-stage founders? Apply by September 1 for the chance to gain investor access, cash prizes, and brand visibility through these flagship segments! - [Speed Dating]( Have up to one hour of meeting booked with the most relevant investors at Tech in Asia Conference - [Startup Factory]( Take a booth in the heart of the venue to get your brand and product in front of the tech community - [Startup Arena]( Five ESG founders pitch live on the Main Stage to a panel of investors to win part of a US$24,000 cash prize  ---------------------------------------------------------------  WHO'S HIRING You can post a job [here]( or search for jobs [here](. - [iOS Developer]( at MindX Singapore, Singapore - [CEO Team Intern]( at 99 Group (99.co) Singapore, Singapore - [Senior SEO Consultant]( at Ematic Solutions Kuala Lumpur, Malaysia - [Web developer mentor]( at Refocus Manila, Philippines - [Technical Lead]( at PT. Logique Digital Indonesia Jakarta, Indonesia - [Corporate Development Manager]( at Halodoc ID Jakarta, Indonesia --------------------------------------------------------------- TECH IN ASIA POLL RESULTS Previous poll question: In his keynote speech at the Korea Blockchain Week 2022, Ethereum co-founder Vitalik Butelin expects payments with [Ethereum to be more common within the next two or three years.]( In this poll we ask: have you ever used any cryptocurrency as a form of payment? Here is the break down: --------------------------------------------------------------- [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. 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 © 2022 Tech in Asia, All rights reserved. 63 Robinson Road, Singapore 068894