This startup plays SaaS card to get out of edtech slump

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} The Indian edtech sector, once a poster child for growth and innovation, is now facing a reckoning. Many startups are experiencing losses, closing their offices, and laying off staff. The Covid-19 pandemic could be one of the biggest reasons for this, as it led to a surge in demand for online education. But this demand has tapered off as schools and colleges have reopened, prompting many students to return to in-person learning. One particular sector that has thrived amid these changes is the edtech SaaS sector. The pandemic underscored the importance of digitalization for schools, enabling companies like Campus 365 to achieve impressive revenue growth. Campus 365, which was bootstrapped until the end of 2021, is now profitable and on track to achieve a 15% profit on its US$1 million revenue target. With a retention rate of more than 95%, the company has won the loyalty of almost all of its customers and is planning to raise another US$1.5 million as part of a pre-series A round. -- [Lokesh Choudhary]( journalist at Tech in Asia  --------------------------------------------------------------- TOP STORIES THIS WEEK 1️. [Profitable Indian edtech startup prioritizes slow growth over hyperscaling]( Amid the news of unprofitable edtech giants in India, Campus 365 seems to have built a profitable business. 2. [Mapping out SEA’s digital defenders (update)]( The region's cybersecurity sector has seen a decline in investments over the last two years due to a shift in investor appetite. 3. [The players pushing the Philippines into the SEA fintech spotlight]( GCash and Maya are the dominant players in the country’s payments sector, having secured the highest capital among fintech firms. 4. [Maybe Tony Fernandes should just focus on aviation]( The tycoon’s digital rebranding exercise for AirAsia Super App may have come a little too late. 5. [Foodpanda deal would cement Grab’s market dominance – if regulators allow it]( A Grab-Foodpanda entity will have a market share of 90% and above in the Philippines, Malaysia, and Singapore. 6. [Token2049: Recklessness applauded, regulation shunned]( Did 2022 even happen? Complaints about regulators and calls for another crypto bull run dominated the main stage at Token2049. 7. [Is Thailand big enough for Line Man Wongnai’s ambitions?]( Despite focusing on its home country, the second-largest food delivery market in Southeast Asia, the company still lags behind Grab. 8. [Uncertain future: TikTok Shop faces first regulatory headwinds in Indonesia]( TikTok’s blend of social media and ecommerce has sparked fears among government officials. Is a ban in the cards? 9. [A watch list of tech investors caught in the US-China trade war]( GGV Capital has split its business into separate firms, following Sequoia Capital. Here’s a list of US- and Europe-based investors who have stakes in China. 10. [Mapping Japan’s horizontal SaaS market]( The sector has experienced a growth surge in the country this year, with the number of companies in the space increasing by 16% compared to 2022. --------------------------------------------------------------- TECH IN ASIA CONFERENCE 2023 Whether you’re an investor, startup founder, or just a plain ol’ person on the street, everyone loves some cold, hard cash. I mean, who would pass it up, right? If you’d like the chance to win US$250,000 and, at the same time, hone your pitching skills, then Startup Arena is the perfect place to test your mettle. You’ll get to showcase your startup and present your solution during the competition, not just to an esteemed panel of judges but also to participants of this year’s Tech in Asia Conference. Register now, as the deadline is closing on September 29! 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