Oddle's recipe for revenue falls flat as losses pile up

Check out our top articles for the week. [Read from your browser]( Top Stories of the Week Welcome to Tech in Asia's free Sunday newsletter! Get full access to our subscribers-only premium content and other insightful analysis on the big and messy topics of Asia’s tech and startup community by [registering here](. Hello {NAME} Remember when we used to have our lunches and dinners delivered almost every day during the pandemic? Yeah, those were long, uneventful days, especially for those of us who were in the Philippines, which had [one of the longest lockdowns]( in the world. But for one Singapore-based F&B SaaS startup, the pandemic was an opportunity for it to grow. Oddle introduced a food delivery solution in June 2020, just when restaurants were rushing to reach customers online. By 2022, the company said it had [reached profitability](. Now that things have gone mostly back to normal, the company is pivoting once again as it struggles to keep the success it enjoyed two years ago. Read about how they are doing in last week’s [top story](. -- [Elyssa Lopez]( journalist at Tech in Asia  --------------------------------------------------------------- TOP STORIES THIS WEEK 1️. [Oddle’s revenue drops, loss widens in FY 2022 as food delivery slows]( However, the Singapore-based company says it anticipated the drop in volume, which let it expand to new offerings like restaurant reservations. 2. [Mapping the EV startups accelerating adoption in Asia]( While China-based startups dominate EV manufacturing in Asia, others are playing catch-up and filling in the gaps of the region’s EV infrastructure. 3. [Indonesia’s eduloan startups face bleak future amid losses, regulatory threats]( Amid a struggle to boost revenue, eduloan startups in the country face public backlash and possible competition from the government's loan program. 4. [Impact of MoneySmart ruling trumps Shopee drama on non-competes]( One case enforced an existing legal principle, while the other broke new ground and may have a big impact on employment contracts going forward. 5. [A bot for your money? Wealthtech firms divided on tapping genAI for investment advice]( A genAI-powered investment platform can tell you why you should buy a particular stock. But some think taking its advice is a bad idea. 6. [Weekly funding: Gene Solutions brings home top spot for Vietnam]( Keep track of all the startup investment activities in Asia through our weekly funding list. 7. [Malaysia’s fintech and VC sectors are heating up]( Fintech and semiconductor-related industries are expected to fuel growth in Malaysia’s tech startup ecosystem in the coming months. 8. [VC funds tracker: Peak XV, IvyCap Ventures, others add $1.4b in new funds]( Fundraising is difficult. To make things easier, we have compiled a detailed list of the most recent VC funds for our subscribers. 9. [Are Asia’s insurtech players pouring new wine into old wineskins?]( Singlife and other insurtech players have acquired other firms in recent years to expand, putting them closer to becoming industry incumbents. 10. [Vietnam’s Sendo bets on groceries to revive ecommerce fortunes]( The online grocery business is now the firm's largest and fastest-growing unit, handling about 50 tonnes of goods and serving 10,000 customers daily. --------------------------------------------------------------- PRODUCT INNOVATION AND INSPIRATION AWAIT - 48 HOURS AWAY! Join us and our partners to discover the future of product development T-minus two days until Product Development Conference 2024 kicks off, where we’ll bring you to a world of product innovation and inspiring insights. We couldn't have made this conference a reality without the incredible support of our partners. 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