This genie is out of the edtech bottle

More: Grab’s new CTO and Tencent’s denial of share sale reports [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} In 2021, I worked on [an episode]( of Tech in Asia Explains that discussed edtech. At the time, edtech was on everyone's radar: The pandemic accelerated its growth tremendously, and startups in the sector were raising massive amounts of money Fast forward to today, and things aren’t so rosy. Edtech hasn’t been spared from the investment slowdown sweeping across the globe, and online learning is taking a backseat as schools reopen and people rediscover the value of in-person learning. Many edtech firms are struggling with cash flow issues, insolvency, and layoffs, but there’s at least one that’s passing this test with growing revenues. -- Stefanie  ---------------------------------------------------------------  THE BIG STORY [Geniebook tops the class with 100% revenue growth in 2021]( The Singapore-based edtech firm grew its user base 5x between 2020 and 2022.  --------------------------------------------------------------- TRENDING NEWS [Indonesian agritech firm that helps trace harvest movements lands funding]( Koltiva also promotes environmental protection as wells as provides agricultural advice to farmers through its network of agronomists. [It’s a fabulous time to build strong businesses, Sequoia India director says]( The funding downturn is a blessing for startups that intend to build strong businesses, Shailendra Singh said at the Tech in Asia Conference 2022. [Edtech startup from ‘fastest human calculator’ bags $15m series A funding]( Bhanzu’s latest fundraise was led by Eight Roads Ventures and saw participation from B Capital’s Ascent Fund. [SoftBank trims Oyo’s valuation by over 20%]( An Oyo spokesperson called the reduced valuation – now at US$2.7 billion – “patently incorrect,” Bloomberg reported. [Thailand SEC bars crypto firms from offering lending, staking services]( Immunefi, which runs a platform for white-hat hackers, currently guards over US$100 billion in user funds. [Brute forcing with capital can undermine growth: Gojek boss]( Kevin Aluwi said most new startups were throwing money at their problems rather than developing long-term solutions, which affected their future growth. ---------------------------------------------------------------  TIA CONFERENCE SPONSORS It’s a wrap! A big thank you to our sponsors for making Tech in Asia Conference 2022 possible. ---------------------------------------------------------------  WHO'S HIRING You can post a job [here]( or search for jobs [here](. - [PHP Developer]( at AiChat Singapore, Singapore - [Chief of Staff]( at Reku (Rekeningku) Jakarta, Indonesia - [[HCM] VP of Engineering]( at Trusting Social Ho Chi Minh City, Vietnam - [Business Analyst]( at AKAR INTI ENTERPRISE Jakarta, Indonesia - [Front End Developer]( at Gokomodo Jakarta, Indonesia - [Cloud Engineer]( at NRI Indonesia 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. 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