The big-picture stats of SEA fundraising

More: We talk about the importance of timing when it comes to fundraising and check out the US$11 million series A round of an Indian fintech firm. [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: - [How timing can play a role in fundraising - and startup - success and failure]( - The US$11 million series A round of a Bangalore-based fintech firm - Other newsy highlights such as GoTo’s encouraging financials and edtech acquisition news from India --------------------------------------------------------------- Hello {NAME} I have a weird relationship with statistics. On one hand, as a “purist” creative, it occurs more naturally to me to go with the flow rather than write what the data says catches the most eyeballs. (Note: I’ve long since recognized the value of data in content creation and - rest assured - always look to give the people what they want and/or need.) On the other hand, I’m more than happy to delve into basketball and European football stats, whether from real-life matches or from fantasy games like Football Manager and Basketball GM. People talk about being left-brained or right-brained - I don’t know what I am. Maybe just harebrained. Anyway, today’s premium article is stat-heavy. It takes a look at how fundraising in Southeast Asia plays out, including specifics such as how time spent at a funding stage can inform startup failure rates and the median number of months between funding stages. Read on to find out more. -- Winston  ---------------------------------------------------------------  THE BIG 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. --------------------------------------------------------------- TRENDING NEWS [Google Cloud, Polygon Labs to boost Web3 product adoption]( The partnership will provide developers with the support needed to streamline the development of Web3 products on Polygon. [Kakao Pay to acquire majority stake in US-based brokerage firm]( The South Korean fintech firm will acquire 51% of Siebert Financial Corporation, which was founded in 1967. [Southeast Asian SMEs to invest $130b in digitalization: report]( ASEAN houses over 70 million SMEs, but 76% of them are still in the early stages of their digitalization journey, said TDCX. [F&B startup Oddle cuts 25% staff in profitability push]( The Singapore-based company said it had attracted “a potential investor” but the deal “has yet to materialize.” ---------------------------------------------------------------  LISTICLE OF THE DAY [20 largest exits in SEA]( Here's our regularly updated list of the region's biggest startup exits. ---------------------------------------------------------------  TECH IN ASIA'S FOUNDERS MEETUP: MALAYSIA Join us and share the hardest challenges you’ve faced as a founder If you’re an entrepreneur based in Malaysia, you’re invited to Tech in Asia’s Regional Founders Meetup, which will be held on May 23 at WIP on the Park at Marc Residence (No. 3 Jalan Pinang, Kuala Lumpur 50450) 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. Starting up doesn’t have to be a lonely journey. [Register]( for this exclusive event today. Tickets are priced at US$12.50 per person, inclusive of light bites and one drink. Slots are limited and are available on a first come, first served basis. Thanks to our official event partners Amazon Web Services, CleverTap, Cooley, D.Camp, Sinarmas Land, Singapore Global Network (SGN), and Quest Ventures - and our community partner, WeWork - for making this meetup possible. ---------------------------------------------------------------  PRESS PEEKS The following press releases were published as they were received, without any editing from the Tech in Asia team. You too can publish your own press release on Tech in Asia by simply filling in [this form](. Our team will get back to you by the next business day. - JA Assure - [JA Assure, a regional Insurtech firm collaborates with India’s Top Indian University for Research and Development]( - JA Assure collaborates with SRM University for Research and Development of new Technologies - JayJay - [Edtech startup JayJay got significant investment to transform the learning industry]( - JayJay, a digital school, has got a $1 million investment from Jooble. With this funding, JayJay plans to improve its platform to reach more students. - Mintegral - [Mintegral Joins Google AdMob as a Bidding and Waterfall SDK Network]( - Mintegral, a leading programmatic ad platform, announced today that it joined Google AdMob as a bidding and waterfall SDK network ---------------------------------------------------------------  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. [Register now]( to get 40% off (get additional discounts exclusively for TIA subscribers)! - [Tech in Asia’s Founders Meetup: Malaysia on May 23]( Our networking event, Founders Meetup: Malaysia, is happening in Kuala Lumpur on May 23 at WIP on the Park at Marc Residence. 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. Register today! ---------------------------------------------------------------  WHO'S HIRING You can post a job [here]( or search for jobs [here](. - [HRBP (Igloo)]( at Dealls Jakarta, Indonesia - [Network Engineer]( at Bobobox Indonesia Bandung, Java, Indonesia - [Salesforce Developer]( at Rukita Jakarta, Indonesia - [CRM Specialist]( at OrderOnline.id Yogyakarta, Indonesia - [Live Stream Host (TikTok)]( at Echo Creative Tangerang, Indonesia - [Fullstack Developer (Junior)]( at Andal Software Jakarta, Indonesia [ADVERTISE]( | [SUBSCRIBE]( P.S. 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