Crunch time for India's stock trading apps

More: ByteDance’s deal with Tokopedia could see TikTok Shop’s return to Indonesia and gaming platform Box Vietnam secures 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: - [How India’s stock trading apps are at a crossroads]( - Venture builder Wavemaker Impact’s debut fund, which closed at US$60 million to invest in climate tech - Other newsy highlights such as ByteDance taking a step towards bringing TikTok Shop back to Indonesia and Circulate Capital closing a US$73 million fund to boost the circular economy. --------------------------------------------------------------- Hello {NAME} I’ve always enjoyed the occasional bet - I began doing this after I turned 18 and was legally allowed to gamble back home in the UK. Generally, I wager on sporting events I would watch anyway, on the theory that it will add to my enjoyment and I’ll make some money out of it. But in practice, betting makes watching sports more frustrating and ends up hurting my bank balance most of the time. I’ve noticed recently, though, that losses don’t seem to bother me as much as they did when I was younger. Maybe it’s because my financial situation has improved since I was a student, or perhaps I’m more able to laugh at my comically bad predictions. Whatever the reason, I’m a bit more risk-tolerant today. Investing in the stock market isn’t exactly the same as gambling, but risk tolerance still plays a big role. Today’s premium story looks at how India’s online trading market is struggling to retain the growth it logged during the pandemic, a time when users seemed more willing to take risks. -- Peter  ---------------------------------------------------------------  THE BIG STORY [Is India’s online trading boom facing a reality check?]( Amid the new normal, Indian investment platforms are facing tighter competition, sluggish user growth, and volatile market conditions. ---------------------------------------------------------------  VISUAL STORY OF THE DAY [Meet the 80 top-funded startups and tech companies in Southeast Asia]( Here are the companies in Southeast Asia that are attracting tons of investors and have the resources to spend on software, talent, and expansion. --------------------------------------------------------------- IN PARTNERSHIP WITH Making convenience affordable Cost is a huge factor in determining the types of Grab services a user chooses and when they choose to use them. As such, the tech and product teams of the Nasdaq-listed super app have worked to develop new service types and features to address the need for affordable solutions. Its latest offerings - which include enhanced group orders and car-sharing services, among others - encompass both its food delivery and ride-hailing segments. This helps make Grab’s services more accessible to consumers in Southeast Asia while ensuring a fair income for drivers. [Learn more]( about these features on Grab’s blog. ---------------------------------------------------------------  EVENTS HAPPENING You can also check out a curated list of trending tech events [over here](. - [Tech in Asia’s Regional Founders Meetup: Singapore on December 5]( Calling all Singapore-based founders! We’re concluding this year’s Regional Founders Meetup event series at the Lion City, where it all began. As Tech in Asia gears up for its next adventure with SPH Media, our founder and CEO Willis Wee will share his startup journey and give insights on what it takes to pull off an M&A deal in a fireside chat moderated by our COO Maria Li. Join us at Mortar & Pestle (269 South Bridge Rd, Level 4, Singapore 058818) on December 5 from 6:00 p.m. to 8:00 p.m. (SGT) to connect with fellow founders and end the year with a bang. Hurry, tickets are selling like hotcakes - [RSVP now before they run out]( Note: This event is closed-door and strictly off the record - no media buzz, please! While Willis and Maria will share as much about the M&A deal as possible, confidential terms will not be disclosed. ---------------------------------------------------------------  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. - [Mogul.sg]( - [Tech investing: PropTech disrupts the way Singaporeans buy and sell their]( houses]( Bangkok-based venture investor Thanit Apipatana has been an early investor and advisor ---------------------------------------------------------------  WHO'S HIRING You can post a job [here]( or search for jobs [here](. - [Scrum Master - Banking Company]( at SIGMATECH Jakarta, Indonesia - [Lead Content Writer]( at Jakmall Jakarta, Indonesia - [System Analyst]( at Paramatech Jakarta, Indonesia - [Customer Support]( at TurnkeyID Yogyakarta, Indonesia - [Business Consultant (IT)]( at Scout.inc Jakarta, Indonesia - [Senior Backend Developer (s.p. Digital)]( at Dealls Denpasar, Bali, 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. 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