KonsultaMD’s rise, with a little help from its friends

More: Temasek secures US$290 million from Policybazaar exit and fintech player Nium sets sights on Indian expansion. [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 KonsultaMD is tapping its big-name backers for healthtech success]( - Temasek cashing out on an investment for US$290 million - Other newsy highlights such as fintech player Nium taking a step towards expanding in India --------------------------------------------------------------- Hello {NAME} There’s nothing wrong with having a leg up in life, as long as you acknowledge your privilege. Nobody can choose their background, so there’s no shame in getting a head start from your family or connections. Where disingenuity or shame comes in is when someone refuses to admit that they’ve had at least a slight advantage over their peers. See Musk, Elon. Being blind to how you got where you are could also impede you from making good decisions about moving forward. If you think all your successes were entirely of your own doing, why would you ever question any of your choices? Philippines-based KonsultaMD knows it got an “unfair” boost, thanks to backing from major local firms Globe Telecom and Ayala Corporation. But crucially, the healthtech firm’s leaders recognize and have used that edge to help it become a leading player in the industry. -- Peter  ---------------------------------------------------------------  THE BIG STORY [KonsultaMD tapped an ‘unfair advantage’ to grow. It’s now a leading healthtech player]( With over 3 million registered users, the Globe and Ayala-backed healthtech firm aims to achieve profitability on a net income basis by 2028. --------------------------------------------------------------- TRENDING NEWS [Nium secures in-principal payment licenses to expand in India]( The Singapore-based fintech firm has obtained in-principle approval for the prepaid payment instrument and the payment aggregator licenses. [Temasek exits Policybazaar investment for $290m]( Temasek via Claymore Investments Mauritius has divested over 24 million shares at US$11.9 apiece in PB Fintech, Policybazaar’s parent firm. ---------------------------------------------------------------  VISUAL STORY OF THE DAY [Asia layoff tracker: Flipkart to cut 1,100 employees; Swiggy axes 400 staff]( Tech firms are dismissing staff to stay afloat as headwinds hit Asia. 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