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Does Reddit’s IPO signal the end of the tech winter?

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techinasia.com

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newsletter@techinasia.com

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Thu, Jun 27, 2024 11:32 PM

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[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: - [What Reddit’s IPO success means for the tech winter]( - Southeast Asia’s funding landscape --------------------------------------------------------------- Hello {NAME} I look back at the 2020 to 2022 period with a bit of nostalgia. For the startup community in Southeast Asia, those were some really exciting years. Startup funding was reaching new highs, Grab had gone public in a record-setting SPAC deal, other firms like GoTo and PropertyGuru had followed suit, and it felt like Southeast Asia’s tech scene was finally coming of age. What we didn’t know then was that winter was coming. The latter part of 2022 was when the chill started creeping in, and for the past year or so, we’ve all been knee-deep in the snow. Fortunately, the spring thaw might be upon us - if the excellent performance of Reddit’s stock market debut is any indicator. However, things are unlikely to go back to the way they were, and a new era of sustainable growth and profitability may be here. -- Stefanie  ---------------------------------------------------------------  THE BIG STORY [Reddit’s IPO signals beginning of the end of tech winter, but listing game has changed]( The social media firm went public with a bang and has seen its price soar, but analysts are divided on whether it signals a wider revival of IPO markets. ---------------------------------------------------------------  VISUAL STORY OF THE DAY [Capital SEA: Southeast Asia’s funding landscape]( Who are the new active investors on the block? Which funding rounds look like outliers? This visual story answers all this and more. --------------------------------------------------------------- TECH IN ASIA’S FOUNDERS MEETUP: MALAYSIA ON JULY 25 Last day to enjoy our early bird offer! Don't miss this chance to connect with Southeast Asia’s tech visionaries and turn your startup aspirations into a tangible reality. Join us outside the conference hall and work a room buzzing with opportunities that could redefine your trajectory. [Early bird offer ends today - act now to save 20% on your ticket!]( ---------------------------------------------------------------  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. - Carbonwize - [Carbonwize and Thailand’s Stock Exchange Partner to Transform Emissions Reporting]( A new strategic partnership aims to enhance carbon management and reporting for over 840 publicly listed companies.  - Volopay - [Volopay has a new expense management dashboard, AI-powered tools, & a fresh user interface]( Volopay launches a new expense management suite: corporate cards, accounts payable automation, and accounting integrations across the APAC.  - Arches - [Arches Raises $3 Million to Democratize Expertise on Asia’s Markets & Beyond]( Arches raised $3M to empower MBB, Big4, & large-cap PE in Asia.  - Viva Money - [Viva Money All Set to Be Launched In Maharashtra, After Gujarat and Karnataka]( The pioneering online lending platform Viva Money has significantly expanded its operations to a third state in India, Maharashtra. ---------------------------------------------------------------  EVENTS HAPPENING You can also check out a curated list of trending tech events [over here]( and Tech in Asia’s signature events [here](.  [Tech in Asia Conference Kuala Lumpur 2024 : Malaysia on The Rise on 24 - 25 July]( We are pumped up for the stage sessions happening at the conference. Hear from visionary leaders shaping the tech landscape, including: - Venon Tian, the mastermind behind Zus Coffee's innovative coffee empire - Carmen Yuen, a venture capitalist at Vertex Ventures who will share about what it takes to be a soonicorn - Eric Cheng, co-founder of Malaysia’s unicorn, Carsome, will share key lessons from building the company ... and many more! Limited Fourth Release tickets are available and prices increase on July 1. [Secure your tickets today. Â]( [Tech in Asia’s Founders Meetup in Malaysia on July 25]( Double the excitement awaits as Founders Meetup returns to Malaysia, this time in conjunction with the closing party of TIA Conference KL! It's the perfect opportunity to unwind, network, and connect with fellow founders, startup leaders, and investors. Hurry, [get your early bird ticket]( before the promo ends on June 28! [Tech in Asia Conference Jakarta on Oct 23-24]( Where is the next Silicon Valley? It might just be Jakarta! Indonesia's young tech talent is booming, and Tech in Asia Conference Jakarta puts you right in the center of the action. Join us at #TIAConferenceJKT to connect with 4000+ region's brightest minds, 150+ hottest startups, and hear straight from 80+ experts. Early-bird tickets are now available! [Snatch the 75% discount while it lasts!]( ---------------------------------------------------------------  WHO'S HIRING You can post a job [here]( or search for jobs [here](. - [Business Intelligence Manager]( at YOUVIT Jakarta, Indonesia - [Finance Officer]( at Mediatics Digital Indonesia Jakarta, Indonesia - [Social Media Manager and Influencer Outreach (Freelance WFA)]( at Inkscape Jakarta, Indonesia - [Artificial Intelligence Developer]( at Indocyber Global Teknologi Jakarta, Indonesia - [Area Business Supervisor]( at Scout.inc Jakarta, Indonesia - [Account Manager - Bandung Based]( at Boleh Dicoba Digital 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. 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 © 2024 Tech in Asia, All rights reserved. 13A Neil Rd, Singapore 088810 A member of The Business Times.

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