Spotlighting Ohmyhome's OMG moment

Check out our top articles for the week. [Read from your browser]( Top Stories of The Week Welcome to Tech in Asia's free Sunday newsletter! Get full access to our subscribers-only premium content and other insightful analysis on the big and messy topics of Asia’s tech and startup community by [registering here](. Hello {NAME} “What kind of low-quality hit piece journalism is this?” From that first reader comment, I knew that my article on Ohmyhome, the property platform, would be controversial. I’ll leave readers to decide on the quality, but I want to assure you that I would never deliberately set out to write a “hit piece” on any company. As someone who dislikes confrontation, it's just not my style. Sure, none of us are immune from others’ preconceived notions or questions. For example, why is such a small company wanting to list in the US at this time? But the thrust of the article was formed from a review of the facts Ohmyhome itself disclosed in its prospectus as well as conversations I had with industry stakeholders who have had interactions with the company. Unfortunately, Ohmyhome was unable to comment due to the requisite quiet period before an IPO. The article would certainly have benefited from getting management’s perspective, but those are the rules we are all playing with. As clichéd as it sounds, only time will tell whether investors will take the bait. Ohmyhome will be able to publicly comment once it lists, and you can be sure that we will follow up with them by then. -- [Simon Huang]( journalist at Tech in Asia  --------------------------------------------------------------- TOP STORIES THIS WEEK 1️. [Ohmyhome IPO raises red flags]( The Singapore-based proptech firm wants to list on the Nasdaq, but our analysis of its prospectus suggests a successful IPO may be a long shot. 2. [The key players in Singapore’s thriving fintech space (update)]( In 2022, funding for fintech startups in Singapore reached a peak of US$2.31 billion across 85 deals. 3. [The leading Asian tech players eyeing an IPO in 2023 and beyond (Updated)]( There are over 102 tech startups across the region planning an IPO, and 50 of them could collectively raise over US$31.28 billion. 4. [The key players in Indonesia’s Web3 space]( Crypto exchanges get the bulk of venture funding, but DeFi startups and NFT projects have also risen. Still, things have changed after the crypto crash. 5. [Recession Run: B2B startups have an edge over B2C, says Tin Men Capital]( Co-founder Murli Ravi says capital efficiency gives B2B startups an edge over their B2C peers when it comes to fundraising in an economic slump. 6. [Tracking layoffs across Asia’s startup ecosystem (Updated)]( Several startups are dismissing staff to stay afloat as headwinds hit Asia. This layoff tracker is keeping tabs on marching orders. 7. [Indonesia’s GudangAda posts 9x revenue jump in FYE 2021, but losses widen]( The B2B marketplace is making efforts to achieve profitability in the near future, but high inflation rates and rising fuel prices may hinder its growth. 8. [Navigating the Malaysian funding landscape in 2023]( A startup lawyer weighs in on newer investment instruments and legal landmines. 9. [A cheat sheet of M&As in Southeast Asia]( Need to get up to speed with the region’s M&A scene? This one’s for you. 10. [Meet the 15 top-funded startups and tech companies in Vietnam]( Here are the companies in Vietnam that are attracting tons of investors and have the resources to spend on software, talent, and expansion. --------------------------------------------------------------- WHO'S HIRING  You can post a job [here]( or search for jobs [here](. [logo] [Engineering Manager (Deall Jobs)]( at Deall Jobs Jakarta, Indonesia [logo] [Product Manager]( at Ledgerowl Jakarta, Indonesia IDR 15,000,000 – 30,000,000 [logo] [DevOps Engineer (Hybrid)]( at Andalin Jakarta, Indonesia [logo] [Fullstack Payment Gateway Engineer]( at Female Daily Network Jakarta, Indonesia Sidoarjo, Indonesia [logo] [VP Risk & Compliance]( at NOBI Jakarta, Indonesia [logo] [Pharmaceutical Data Analyst - Surabaya]( at SwipeRx (mClinica) Surabaya, Indonesia IDR 4,500,000 [ADVERTISE]( | [SUBSCRIBE]( | [HIRE]( | [FIND JOBS]( 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](  ---------------------------------------------------------------  Tech in Asia’s newsletters are handcrafted daily with love - and sometimes powered by good kopi. Copyright © 2023 Tech in Asia, All rights reserved. 63 Robinson Road, Singapore 068894