This healthtech firm's quick pivot accelerates path to profit

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} Not every battle is worth fighting and sometimes, if not most of the time, it’s important to pick the right one. Every person and company has different strengths and weaknesses, and it’s impossible to conquer all challenges. Indonesia-based healthtech firm Klinik Pintar seems to have mastered the art of choosing battles wisely. The company started by serving hospitals, but quickly moved on to focus on clinics - which turned out to be not bad at all. After the pivot, Klinik Pintar developed some business models that may not have been possible if the firm continued catering to the hospital sector. Doubling down on industrial areas also led the startup to a stronger market focus and a clearer path to profitability. I hope this story serves as an important lesson that may inspire other founders to do better things, especially in the current economic turmoil. -- [Aditya Hadi Pratama]( journalist at Tech in Asia  --------------------------------------------------------------- TOP STORIES THIS WEEK 1️. [This Indonesian healthtech firm checked out of hospitals to run clinics]( Klinik Pintar’s journey evolved from digitalizing state-owned hospitals to ultimately modernizing and managing small clinics. 2. [Shopee’s success in Brazil justifies global expansion]( The strong performance of the ecommerce firm’s Brazil business could serve as the foundation for its next chapter of growth. 3. [Tony Fernandes thinks Capital A will be worth 4x more. Is he right?]( The group aims to shed its legacy in aviation in pursuit of tech hegemony. 4. [These are the most active investors in Indonesia’s startups]( Which investors are writing the most checks to Indonesia-based startups? 5. [Malaysia can be a global SaaS leader, says this VC]( Indelible Ventures’ Kevin Brockland on hurdles, money, and investments. 6. [Recession Run: B Capital’s $2.1b plan for the downturn]( B Capital co-founder Raj Ganguly talks about why he remains optimistic about Southeast Asia's long-term growth prospects despite current headwinds. 7. [Capital SEA: Southeast Asia’s funding landscape (updated 25 Jan 2023)]( Who are the new active investors on the block? Which funding rounds look like outliers? This visual story answers all this and more. 8. [FinAccel readies Krom Bank ahead of upcoming IPO]( The company behind Southeast Asian BNPL pioneer Kredivo is slated to launch its digibank in the first half of 2023. Will the focus be on growth or profit? 9. [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. 10. [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. ---------------------------------------------------------------  EVENTS HAPPENING You can also check out a curated list of trending tech events [over here](. - [Tech in Asia’s Product Development Conference 2023]( from May 16 to May 17 Tech in Asia’s Product Development Conference is back! This year’s edition, which will be held in person in Jakarta, will feature over 20 industry leaders, experts, and innovators sharing the latest trends and strategies that can accelerate product development growth. 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