GoTo’s on-demand segment nears its profitability destination

We look at the path to profitability for GoTo Group’s on-demand segment and India’s 50 most-funded startups. [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: - [GoTo’s on-demand segment close to tasting profitability]( - The 50 Indian startups that have raised the most funding --------------------------------------------------------------- Hello {NAME} It’s a marathon, not a sprint. I feel that often, we look at things as needing to be done as soon as it’s feasible to. Maybe it’s some sense of ambition or competition that drives us to push harder and get the results we want quicker. That said, unless you’re Usain Bolt or Eliud Kipchoge, you’re most likely not going to achieve your goal in record time. In fact, in some cases, just reaching your goal at all can be considered an achievement. This applies to many startups that have taken a difficult road to profitability. About a decade ago, many superstar firms like Grab and GoTo Group came out guns blazing, looking to grow their user base and revenue as quickly as possible. Once their sights turned to profitability, however, things slowed down considerably. Today’s story takes a look at GoTo’s on-demand services unit as it teeters on the edge of profitability, a long journey that’s taken it years to reach. -- Jonathan  ---------------------------------------------------------------  THE BIG STORY [GoTo’s on-demand segment charts its roadmap to profitability]( Among the recent initiatives rolled out by its transport business to manage cost is GoCar Hemat, which has reached more than 60 areas in Indonesia. ---------------------------------------------------------------  VISUAL STORY OF THE DAY [50 rising startups and tech companies in India]( Which are the startups that are on the path to becoming the next big thing? ---------------------------------------------------------------  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. Tech in Asia thanks our partners for supporting our newsletters. Sponsorship has no influence on editorial content. Too many emails? Switch to a different frequency or get new content through our [preference center]( or [unsubscribe](. You can also break our hearts and remove yourself from all Tech in Asia emails over [here](  ---------------------------------------------------------------  Copyright © 2023 Tech in Asia, All rights reserved. 63 Robinson Road, Singapore 068894