Can Zomato deliver on CEO's $100b aspirations?

We look at the feasibility of Zomato’s US$100 billion dreams and the series A round of an Israeli startup that solves traffic congestion issues. [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](. --------------------------------------------------------------- IN FOCUS In today's newsletter, we look at: - [Whether Zomato can really become a US$100 billion company by 2030]( - The US$5 million series A round of a startup that’s helping solve traffic problems around the world - Why timing is key to [surviving the funding game]( --------------------------------------------------------------- Hello {NAME} I must’ve mentioned this before, but I did my university studies in Melbourne, Australia. It was my first taste of living completely alone, and I relished the independence. As an introvert, I never really got bored, and I discovered my love for grocery shopping and cooking for myself during this time. But cooking for one can sometimes feel like a lot of effort for very little payoff, so it wasn’t long before I was frequently getting takeout. Lucky for my Asian taste buds, Melbourne is a multicultural city and it wasn’t hard to find Asian food - of special mention is this place called Rose Garden, which was about a 10-minute walk from my accommodation. It was the very definition of soul food for me: Cantonese stir-fry from a shop run by Cantonese people. They were even sorta terse - it was just like home! Anyway, to bring this blurb full circle(-ish), one of my biggest fears as an introvert is holding up the long line to decide what to order. To avoid this, I would always hop onto the Zomato website to check out Rose Garden’s menu and choose what I wanted before I headed out. Back then, Zomato was just a useful website to which someone had uploaded grainy photos of delectable offerings. I didn’t know how big the firm was or would be - but according to today’s premium article, it might have plans to become even bigger. Read on to find out more. -- Winston  ---------------------------------------------------------------  THE BIG STORY [Can Zomato serve $100b on the menu by 2030?]( The foodtech major is betting on other sectors for additional revenue but continues to be burdened by widening losses. --------------------------------------------------------------- TRENDING NEWS [PE deal value plunges 52% in 2022 in SEA: Bain report]( Southeast Asia is more resilient than the rest of Asia Pacific, making it an attractive place to deploy capital in the long term, the report says. [Foodpanda, Tada team up for deals in SG and Cambodia]( The partnership will allow users of both platforms to access savings, discounted fares, and subscriptions to loyalty programs. [Monk’s Hill to write checks of up to $10m via new fund]( The US$200 million fund will be used to scout regional tech-enabled startups in the series A stage. [Israel firm banks $5m to help solve traffic headaches in SEA]( ITC said its tech has reduced traffic jams by up to 30% without needing additional hardware. ---------------------------------------------------------------  VISUAL STORY [Surviving the funding game: how timing can make or break your startup]( Industry realities, economic conditions, and market volatility can affect the time gap between funding rounds. ---------------------------------------------------------------  TECH IN ASIA'S FOUNDERS MEETUP: PHILIPPINES Join us and share the hardest challenges you’ve faced as a founder If you’re an entrepreneur based in the Philippines, you’re invited to Tech in Asia’s Regional Founders Meetup, which will be held on April 25 at Draper Startup House - 5048 P. Burgos St., Makati - from 5:30 p.m. to 7:30 p.m. Join us and share the hardest challenges you’ve faced as a founder. To help you find solutions, we’ll introduce you to fellow founders who have been there and done that. 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Our team will get back to you by the next business day. - axefinance - [axefinance launches free webinar on Early Warning Systems for proactive risk management]( Don't miss out axefinance's webinar "Early Warning Systems, a crucial tool for a proactive approach to risk management" on Apr 27. Register now. ---------------------------------------------------------------  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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