If VCs won't invest, then maybe the general public will

More: The latest financials of a few Singaporean startups and TikTok’s partnership with Atome begins. [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: - [Indonesian startups seeing the IDX as an option for much-needed capital]( - Line Man Wongnai’s new acquisition - Other newsy highlights such as the latest financial figures of a couple of Singapore-based startups and TikTok Shop’s partnership with Atome in Malaysia --------------------------------------------------------------- Hello {NAME} This year has been all about finding a way to make things work despite unideal circumstances. It has not been an easy year but you can bet it’s been one of constant learning. I’ve always been more of a realist than an optimist - some may even say I’m cynical - and yet I’ve been able to, more or less, see the silver linings in the many clouds that have drifted into my path this year. Maybe it’s just a survival mechanism - better to do what you can and hope for the best than to spiral into despair, right? At any rate, we can always choose to focus our sights up and forward instead of down at our navels. That’s what Indonesian startups are doing, apparently. Some may circumvent slow VC funding by listing on the Indonesia Stock Exchange (IDX) and raising funds from retail investors instead. Read on to find out more. -- Winston  ---------------------------------------------------------------  THE BIG STORY [As funding drops, will Indonesian startups turn to IPOs instead?]( Funding deals in the country dropped by over 50% year on year in H1 2023 while total investments raised plummeted by over 70%. --------------------------------------------------------------- TRENDING NEWS [Thai food delivery unicorn acquires local POS startup]( Buying FoodStory is expected to bolster Line Man Wongnai’s restaurant management operations, including its POS and mobile merchant app. [PatSnap posts 21% jump in 2022 revenue, expenses top $119m]( The Singapore-based patent database firm also narrowed its loss before tax by 12% to US$30.3 million. [TikTok Shop signs deal with BNPL major Atome in Malaysia]( The partnership allows consumers in Malaysia to defer payment for their TikTok Shop purchases over three to six months. [Surge leads $3.3m seed round of SG cloud security firm]( PingSafe said that in the last 12 months, it recorded a 10x increase in revenue and a 4x growth in its customer base. ---------------------------------------------------------------  VISUAL STORY OF THE DAY [Series SEA: Who’s investing in the region’s health startups?]( We've compiled a list of investors that are pouring money into Southeast Asia’s health startups. ---------------------------------------------------------------  SYNC 2023: CLIMATE TECH Join industry leaders and uncover innovative solutions for a greener future SYNC is back this year with a first-of-its-kind gathering that spotlights Asia’s climate tech leaders. Mark your calendar for August 21, 2023 and join us at the iconic Gardens by the Bay in Singapore for our annual tech summit. Connect with a dynamic community of founders, investors, climate advocates, decision-makers, researchers, corporate leaders, and more at this invite-only event, where ideas converge and powerful alliances are forged. Find out more about SYNC 2023: Climate Tech and apply for your invitation [here](. Submit your application today to claim your spot among the industry's best and brightest! ---------------------------------------------------------------  EVENTS HAPPENING You can also check out a curated list of trending tech events [over here](. - [Tech in Asia’s Founders Meetup: Thailand on July 26]( Thailand's startup ecosystem is buzzing. With over 1,000 startups and funding at a record high of over US$500million in 2022, the vibrant landscape is making waves in the global startup scene. Join us at our Founders Meetup to connect, learn, and grow with like-minded founders in the country on July 26 at theCOMMONS (Thonglor, 335/1 Sukhumvit 55 Klongton Nua, Wattana, Bangkok 10110) from 5:30 pm to 7:30 pm. Only a few tickets are left - secure yours now! - [SYNC 2023: Climate Tech on August 21]( Do you want to make a positive impact on the fight against climate change? Join SYNC 2023 on August 21 at Singapore's green haven, Gardens by the Bay, to learn more about sustainable innovation and eco-friendly practices. Besides spotlighting climate tech via this invite-only event, Tech in Asia is committed to reducing our carbon footprint. Be part of this movement towards a sustainable future - send in your application for a SYNC 2023 ticket today! - [Tech in Asia Conference]( from October 18 to October 19 Do you see the light at the end of this funding winter’s tunnel? We do, and we believe Southeast Asia is that very light. That’s why this year’s Tech in Asia conference’s theme is Southeast Asia: A Bright Spot in the Tech World - signaling how the region can provide hope and guidance for the tech sector amid some troubling times. Hosted in Jakarta from October 18 to October 19, we’re excited to bring you a great lineup of speakers, thought-provoking sessions, and other activities. Click [here]( to get your limited first-release tickets.  - [Tech in Asia’s Founders Meetup: India on August 25]( Do you want a closer look at India’s tech scene? Discover the hidden gems of India’s startup ecosystem at our networking event on August 25 at Byg Brewski (9, 36, 4th Floor, Vaishnavi Sapphire Centre, Tumkur Rd, Yeshwanthpur Industrial Area, Phase 1, Yeswanthpur, Bengaluru, Karnataka 560022) from 5:30 p.m. to 7:30 p.m. Whether you’re facing roadblocks in funding or talent acquisition, connect with fellow founders and find solutions to your most pressing issues while offering your own expertise. Don’t miss out - [sign up now]( ---------------------------------------------------------------  WHO'S HIRING You can post a job [here]( or search for jobs [here](. - [Product Designer (Jakmall.com)]( at Dealls Jakarta, Indonesia - [Promotor Kredivo Semarang]( at MyRobin Semarang, Indonesia - [Produk Owner]( at PT LOG KAR INDONESIA Jakarta, Indonesia - [Project Manager]( at One X Tech Singapore, Singapore - [Junior Performance Marketing Consultant]( at Ematic Solutions Kuala Lumpur, Malaysia - [Quality Assurance Automation]( at OrderOnline.id Bandung, Java, 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? 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