Consumer tech isn’t trendy. This VC firm doesn’t care

More: A climate tech fund by Investible and Mandiri Capital Indonesia. [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: - [Why Goodwater Capital is still bullish on consumer tech in Asia]( - Investible and Mandiri Capital Indonesia’s new climate tech fund --------------------------------------------------------------- Hello {NAME} I’ve never been accused of being trendy. From my haircut to the phone I use, I’m not exactly on the cutting edge and that’s just fine for me. I couldn’t pretend to care enough about those things to successfully keep up with what’s trendy, so why fight who I am? While I’m not a slave to trends, I do have to move with the times. Until 2018, I didn’t have a smartphone in favor of a Nokia 3310-style brick phone. Nowadays, though, I can’t get through a day without having access to apps like Grab and MoMo wherever I go. Goodwater Capital doesn’t live at the mercy of trends either. The investment firm is still focusing on consumer tech, even though many investors have lost interest in the sector, especially after the pandemic. Part of the reason is that successful consumer tech firms can become so ingrained in our lives - so ingrained that they help convert Luddites like me to the church of the smartphone. -- Peter  ---------------------------------------------------------------  THE BIG STORY [TikTok early investor to put one-third of new $1b fund into Asia]( US-based Goodwater Capital remains bullish on Asia's consumer tech startups despite growing concerns about profitability. --------------------------------------------------------------- TRENDING NEWS [Investible, Mandiri Capital Indonesia launch climate tech-focused fund]( Although the new fund will operate across Southeast Asia and Oceania, 30% of investments will go into Indonesia. [AnyMind enters 14th market with South Korea launch]( The ecommerce enabler will set up a local team to speed up the development of its local network. ---------------------------------------------------------------  VISUAL STORY OF THE DAY [Weekly funding: J&T lands on top with $451m IPO]( Keep track of all the startup investment activities in Asia through our weekly funding list. --------------------------------------------------------------- JOIN SFF ON NOVEMBER 15 TO 17 AT THE SINGAPORE EXPO TIA newsletter subscribers enjoy 20% off on tickets The Singapore FinTech Festival (SFF) returns next week! Last year, the event gathered over 62,000 participants in over 130 countries. With the support of the Monetary Authority of Singapore, Elevandi, and Constellar, SFF 2023 will offer expert insights on the pivotal role of AI and Web3 in financial services. 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