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3 CEOs, 2 months, 1 company: chaos at live commerce enabler Upmesh

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techinasia.com

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newsletter@techinasia.com

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Wed, Jun 21, 2023 11:31 PM

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More: A sleeptech startup receives funding. Daily Newsletter ---------------------------------------

More: A sleeptech startup receives funding. [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 spotlight: - [The game of CEO musical chairs at Upmesh]( - The US$10 million series A1 funding round of a spacetech firm - Other newsy highlights such as Samsung’s VC arm investing in a sleeptech startup --------------------------------------------------------------- Hello {NAME}  It’s only been about nine months since I became managing editor of Tech in Asia Studios, so I’m relatively new to the role - I think I’m doing all right, and I certainly owe a lot so far to great guidance from those above me and great grit and creativity from those under me. Y’all the real MVPs. I think this is the case for most people, really. No person is an island, and everyone can credit at least a little bit of their success to the people around them. Having that mindset and humility is key to sustainable growth and success, so reading about the leadership drama at Singapore-based live commerce startup Upmesh had me shaking my damn head. Read on to see what went down. -- Winston  ---------------------------------------------------------------  THE BIG STORY [3 CEOs in 2 months: leadership crisis at live commerce enabler Upmesh]( Unhappy with aspects of co-founder Shawn Teow’s behavior, a number of Upmesh employees conveyed their concerns to investor Monk’s Hill. --------------------------------------------------------------- TRENDING NEWS [Samsung Ventures invests in Peter Thiel-backed wearable sleeptech firm]( Earable’s flagship product, the Frenz Brainband, helps users improve sleep, focus, and relaxation through AI-powered, personalized audio. [GIC boosts investments in US tech firms, VC funds: report]( GIC is looking to “increase exposure” to US-focused funds, the Financial Times reported. [Peak XV in 1st deal after rebrand backs $10m round of Digantara]( The India-based spacetech firm helps stakeholders track space debris to bolster space situational awareness. [MAS proposes protocol to set standard for digital money usage]( The purpose-bound money protocol allows senders to specify conditions when making transfers in digital money, such as its validity period. ---------------------------------------------------------------  VISUAL STORY OF THE DAY [How Singapore’s startup ecosystem compares to the rest of the world]( The city-state has a shorter time to exit than the global average and has seen significantly more VC funding dished out than other ecosystems. ---------------------------------------------------------------  IN PARTNERSHIP WITH Democratizing generative AI for businesses Picture this: You’re working on a presentation, and instead of doing everything yourself, you decide to get some help from AI. To build up your slide deck, you usually have to manually comb through reports and sift Google for information. But AI can do all that for you and more: it can pull data from your work documents and publicly available research to suggest content and stylistic edits. That’s what Mindverse aims to do with the launch of MindOS, its generative AI platform. MindOS allows companies to customize language learning models to create AI-driven work co-pilots, virtual assistants, and sales associates, among others. It democratizes the process of tapping into generative AI for businesses by offering a marketplace of template AI beings that can be borrowed or adapted. It also offers no- and low-code solutions so even firms with little or no technical knowledge can use the platform. Take the first step into the future today by signing up for an open beta account on MindOS on Mindverse’s [website](. ---------------------------------------------------------------  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. - MyStorage - [MyStorage disrupts the storage industry in Vietnam with a high-tech approach]( On top of offering 5-star storage & moving solutions, MyStorage has focused on delivering seamless online features that take the storage experience in Vietnam to a whole new level. ---------------------------------------------------------------  EVENTS HAPPENING You can also check out a curated list of trending tech events [over here](. - [Tech in Asia’s Founders Meetup: Vietnam on June 28]( Our networking event, Founders Meetup: Vietnam, is happening in Ho Chi Minh City on June 28 at The Sentry, 2/F Sonatus Building. 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! - [SYNC 2023: Climate Tech on August 21]( Join an elite league of founders, investors, researchers, corporate leaders, and more at SYNC 2023 in Singapore. Build powerful alliances, explore possibilities, and gain insights from Asia’s top minds at this invite-only event, which will be held on August 21 at the iconic Gardens by the Bay. Want to score a ticket? Submit your application today to claim your spot among the industry's best and brightest! ---------------------------------------------------------------  WHO'S HIRING You can post a job [here]( or search for jobs [here](. - [Operations Strategy Manager]( at Propseller Singapore, Singapore - [Senior Game Programmer]( at Starcade Pte Ltd Jakarta, Indonesia - [Account Executive (remote)]( at Content Collision Jakarta, Indonesia - [Jr Data Engineer]( at Octopus Indonesia Jakarta, Indonesia - [Backend Engineer]( at Bangunindo Teknusa Jaya Jakarta, Indonesia - [SEO Specialist]( at IDstar Cipta Teknologi 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. Tech in Asia thanks our partners for supporting our newsletters. Sponsorship has no influence on editorial content. 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 © 2023 Tech in Asia, All rights reserved. 63 Robinson Road, Singapore 068894

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