A tale of three Temasek startups

We also look at an AI firm that’s just raised funds. [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: - [The deeper issues at three Temasek startups]( - An AI firm that predicts the origins and quality of ingredients - Other newsy highlights such as the Middle Eastern investors fueling Asian tech firms --------------------------------------------------------------- Hello {NAME} When there are large-scale staff departures at a company, there’s usually something else going on at the firm. After all, these people were hired for a reason, and for them to leave in big groups often means the company made a bet or decision that didn’t pay off. In today’s premium story, my colleague Collin takes a closer look at staff departures and write-offs at three startups that have come out of Temasek’s venture building efforts. These may have been caused by deeper issues at these companies, as losses climb and some struggle to find product-market fit. -- Stefanie  ---------------------------------------------------------------  THE BIG STORY [Staff departures, write-offs at Temasek startups uncover deeper issues]( While GoodWorker has shuttered, Trustana and Affinidi have lost a large number of staff. --------------------------------------------------------------- TRENDING NEWS [Singapore AI firm raises series B to help agribusinesses with sourcing]( ProfilePrint lets agribusinesses – such as coffee exporters in East Africa – use AI and identity-as-a-service tech to analyze ingredient samples. [Pave Bank launches as ‘programmable’ digibank with $5.2m in seed money]( The bank looks to build its global regulatory infrastructure from Georgia, noting the country’s strategic position between Europe and Asia. ---------------------------------------------------------------  VISUAL STORY OF THE DAY [Mapping Middle Eastern investors fueling Asian tech firms]( Factors driving rising investor interest from the UAE and Saudi Arabia include the energy transition and global geopolitics. ---------------------------------------------------------------  IN PARTNERSHIP WITH Now the hardest part of a group order is deciding what to get Grab has seen group orders made through its platform increase in 2023. It also noticed that group orders were most popular at lunchtime and were usually brought to workplaces, as people pooled their orders to save on delivery costs. To make coordinating food orders more intuitive for users, the Nasdaq-listed super app has rolled out several enhancements to its group order feature. These new tools address common pain points by making it easier for users to share group order links, track the progress of their deliveries, and split the bill. Learn more about how Grab’s group order function has evolved on InsideGrab, its official blog, [here](. ---------------------------------------------------------------  EVENTS HAPPENING You can also check out a curated list of trending tech events [over here](. - [The Future of MarTech: Trends Shaping 2024 and Beyond on January 16]( On January 16, senior marketing, product and growth leaders in Singapore are invited to kickstart the year at The Future of MarTech: Trends Shaping 2024 and Beyond, an executive roundtable and networking lunch. 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Our team will get back to you by the next business day. - Ninety-Eight - [Viction Horizon – A Startup Hackathon with over $300,000 in prizes]( The official Submission form for Viction Horizon Startup Hackathon is now open from December 4th to December 27th, 2023. ---------------------------------------------------------------  WHO'S HIRING You can post a job [here]( or search for jobs [here](. - [Product and Marketing Manager]( at Juke Solutions Jakarta, Indonesia - [Junior Finance Executive]( at Ematic Solutions Kuala Lumpur, Malaysia - [Corporate Secretary]( at KoinWorks Jakarta, Indonesia - [Senior Mobile Developer]( at Koltiva Jakarta, Indonesia - [Product Design Associate (UI/UX)]( at Scout.inc Bandung, Java, Indonesia - [KOL & Community Specialist]( at FOREXimf Bandung, Java, 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. 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