Fortune favors the bold at Bukalapak

More: Nexus Venture Partners and YC back an Indian AI startup while WhiteCoat says it has hit breakeven. [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: - [Nuggets of wisdom on going public, magic metrics, and people management from Bukalapak’s president]( - Protos Labs’ goal of bringing cybercrime insurance tech to Vietnam - Other newsy highlights such as Singaporean healthtech startup WhiteCoat hits breakeven and an Indian AI startup gets backing from Nexus Venture Partners and Y Combinator --------------------------------------------------------------- Hello {NAME} Would you rather be lucky or good? OK, the answer is probably both. But if someone puts a gun to your head (talk about bad luck), I think you might choose lucky. After all, so much of life is out of our immediate control, so a dose of good fortune is always welcome. I was lucky enough last week to catch part of Bukalapak president Teddy Oetomo’s session at the Tech in Asia conference. I found what he had to say about good fortune in business pretty refreshing. Oetomo admitted that the Indonesian ecommerce firm was lucky to list for its IPO when it did. Kudos to him for the honesty: Some executives would rather give the impression that their company’s successes are down to smarts and hard work. Of course, Bukalapak needed to be prepared to take advantage of the auspicious timing. My colleague Simon has the full story on Oetomo’s talk and what the former academic has learned from his five years at Bukalapak. -- Peter  ---------------------------------------------------------------  THE BIG STORY [Bukalapak’s president on its IPO’s ‘sheer luck’ and why he’s not worried over stock prices]( After taking the ecommerce firm public and refocusing its business, Teddy Oetomo shares what he’s learned three years into the role. --------------------------------------------------------------- TRENDING NEWS [WhiteCoat hits breakeven in Singapore, eyes 2x revenue growth]( CEO Bryan Koh also highlighted the firm’s goal to achieve overall profitability at this year’s Tech in Asia Conference in Jakarta. [SG-based Protos Labs nets $2.2m to take cybercrime insurance to Vietnam]( The company offers cybersecurity solutions with a data-driven and threat-based approach. [YC, Nexus Venture Partners back Giga ML’s $3.6m raise]( The India-based company allows enterprises to deploy customizable LLMs on their own servers, removing the need to transfer data to firms like OpenAI. [Series SEA: Who’s investing in the region’s ecommerce startups?]( We’ve compiled a list of investors that are pouring money into Southeast Asia’s ecommerce startups. ---------------------------------------------------------------  VISUAL STORY OF THE DAY [Weekly funding: India-based Avanse leads with $145m raise]( Keep track of all the startup investment activities in Asia through our weekly funding list. ---------------------------------------------------------------  MEET GARRY TAN OF Y COMBINATOR Request for your invite to join us on November 2 Start your day with Garry Tan, president of Y Combinator! Join us at this exclusive breakfast event for founders, featuring one of Silicon Valley's most prominent startup builders. Meet Garry and hear his views on the global startup trends and what's keeping him up at night. [Request for your invite]( to gain valuable insights, expand your network, and fuel up with breakfast. Places are limited, so secure yours today! ---------------------------------------------------------------  EVENTS HAPPENING You can also check out a curated list of trending tech events [over here](. - [AD] [Sip ‘n’ Discuss Sunset: Exclusive Event for Succesful Marketing Leaders]( on 23 November Join SpinX for a fun yet exclusive after-work Thursday sunset session full of marketing wisdom and poolside drinks, tailor-made for marketing leaders. Click [here](  - [AD] [StartmeupHK Festival]( on November 8 to 17 Sometimes, it feels like speakers at conferences and events are just like superstars. With all the insights and anecdotes they offer, it can be easy to get a little starstruck. This year’s StartmeupHK Festival features a star-studded lineup of speakers. These include Ariel Shtarkman, managing partner and co-founder of Undivided Ventures; Yat Siu, co-founder and executive chairman of Animoca Brands; Henry Soediarko, director of Milltrust International Group; Christoph Meyer, general manager of Hong Kong, South China, and Macau for the Lufthansa Group; and Zhou Jingren, CTO of Alibaba Cloud. Excited to hear what they have to say? Get your tickets [here](.  - [Tech in Asia x Airwallex - Exclusive Mixer]( Mingle with APAC's Payment and Growth Leaders on November 14 Meet and connect with your peers at Exclusive Mixer: Mingle with APAC's Payment and Growth Leaders, an invite-only networking event on November 14 co-hosted by Tech in Asia and Airwallex. This isn’t your run-off-the-mill corporate event. It’s a gathering of forward-thinkers across Asia Pacific and anyone eager to discover best practices in optimizing and streamlining payment journeys at scale. Grab drinks and light bites while soaking up Singapore’s cityscapes from Honcho’s rooftop bar as you mingle. Come hang out and unwind at this relaxed and casual mixer - all refreshments are on the house [Get your ticket]( to this closed-door event and build lasting connections. Slots are limited so secure yours NOW!  - [Brushstrokes to Success]( Design a Solid Growth Plan for 2024 on November 16 Join senior business leaders and decision-makers at the upcoming “Brushstrokes to Success: Design a Solid Growth Plan for 2024.” Co-hosted by Tech in Asia and G-P, this exclusive event will be held at Bridge+ on November 16. This goes beyond the typical corporate gathering by providing a space where forward thinkers can challenge themselves and explore best practices for scaling businesses from creative and analytical perspectives. Gain and exchange insights with our panelists from Aspire, 2C2P, and G-P in an open Q&A session. Over light bites and drinks, we’ll also go through an exciting agenda that includes quizzes, modern calligraphy, networking and more. Don’t miss this opportunity to revolutionize your business approach and make meaningful connections. [Get your tickets for this closed-door event NOW]( before they’re all snatched up! ---------------------------------------------------------------  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]( page](. Our team will get back to you by the next business day. - Longbridge Securities Singapore - [Longbridge launches a 500% rebate welcome campaign, boosting rewards for traders and investors]( Longbridge Securities is delighted to introduce an exciting new initiative, the "Trade to Earn 500% Rebates" campaign. - Edelman Singapore - [Powered Carbon Secures PepsiCo Grant of $100,000 to Amplify Circular Economy Innovations]( Powered Carbon, the winner of PepsiCo's APAC Greenhouse Accelerator Program, was selected from a pool of 10 regional startups. ---------------------------------------------------------------  WHO'S HIRING You can post a job [here]( or search for jobs [here](. - [Video Journalist]( at detik.com Jakarta, Indonesia - [Design & Project Staff]( at UENA Jakarta, Indonesia - [Graphic Design Intern]( at KoinWorks Jakarta, Indonesia - [Social Media Specialist]( at Bobobox Indonesia Bandung, Java, Indonesia - [Customer Operation and Support Officer]( at Scout.inc Bangkok, Thailand - [Data Preparation Specialist]( at Mekari Jakarta, Indonesia [ADVERTISE]( | [SUBSCRIBE]( P.S. 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