Doctor Anywhere’s fiscal health review

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} As I’m nearing the end of my 20s, the pressure to be healthier is real. Suddenly, I feel extra conscious of what I eat, how I sleep, and what I allow myself to stay up late for. For the past year, I’ve done some experiments to stay healthy - including not eating anything sweet for breakfast (tragic!). But like any experiment, not everything works. And startups know a thing or two about experiments. For instance, Doctor Anywhere was trying its hand at medical tourism last year. When its CEO Wai Mun Lim spoke to Tech in Asia in 2023, he aimed for the startup to close the year with [S$100 million (US$77 million) in revenue](. But its latest financial report shows it fell short of that goal. The company registered S$81 million (US$62.4 million) in revenue last year, a 58% jump from 2022. Yet, that still led Doctor Anywhere to an operating loss. Our story unravels the factors that contributed to its financial performance and discusses its current focus on secondary care as it now aims for “profitable growth.” -- [Elyssa Lopez]( journalist at Tech in Asia  --------------------------------------------------------------- TOP STORIES THIS WEEK 1️. [Doctor Anywhere grows revenue 58%, narrows losses in 2023]( Financing expenses worth US$9.7 million dampened the company’s otherwise stellar year in terms of revenue. 2. [Can’t afford $300k for AI chips? New model for SEA cuts high costs]( Startups looking to build AI models face heavy costs, but Recursal is mixing old and new tech to make market entry easier. 3. [Why PDD’s earnings miss will slow Temu’s SEA expansion]( The ecommerce firm’s rapid rise has hit its first roadblock after disappointing earnings results from its parent company. 4. [SEA’s listed tech majors in 19 charts: GoTo and Bukalapak slide]( These companies could dictate whether more global investors will back Southeast Asia and decide the fate of the region's tech industry. 5. [IFast, analysts refute short-seller claims, assert sustainability]( The firm has continued to guide for revenue from its ePension unit to be sustained over a contract period of seven years. 6. [Chicken, ice cream, and travel gear: new bets from SEA VCs]( Amid the tech winter, some VCs are betting on consumer brands that provide a more “predictable” path to profitability. 7. [Cost savings fuel demand for Johor Bahru’s shared workspaces]( Co-working operators in the fast-growing Malaysian city are offering value-added services that are helping drive the surge. 8. [PropertyGuru’s financial health in 5 charts]( PropertyGuru's net losses sank further in Q2 2024. 9. [Fresh Factory eyes $15m to expand cold chain operations]( The Indonesia-based firm expects to close the round by year-end or early 2025 as it seeks to be a fully integrated player. 10. [Rainforest reaches for the canopy with 46% revenue growth]( Despite other ecommerce roll-up firms facing challenges, the Singapore-based company turned net profitable this year. ---------------------------------------------------------------  SYNC 2024 - AI • SINGAPORE  Unlocking the future of AI with Asia’s top leaders Get ready to experience the future of AI at SYNC 2024, an exclusive, closed-door event convening 100 of Asia's most influential minds in the AI landscape. We're thrilled to announce that Min-Liang Tan, co-founder and CEO of Razer, will be joining our main stage speaker lineup. Besides the main stage content, expect tailored roundtables, demos from AI startups, and networking opportunities aimed at equipping you with the knowledge and resources to navigate the ever-evolving AI landscape. This event is by application only. Find out more about [SYNC 2024]( today. ---------------------------------------------------------------  EVENTS HAPPENING You can also check out a curated list of trending tech events [over here](. [Tech in Asia Conference Jakarta on October 23 - 24]( Nicholas Nash, managing partner and co-founder of Asia Partners, will be delivering the opening keynote at TIA Conference Jakarta and share his insights on Southeast Asia’s tech resilience, focusing on the markets and industries that have kept the region powering through. He’ll also explore the underlying factors that enable this continued growth and development. Final batch of third-release tickets are now up for grabs at 45% off, [get yours today before offers end on September 8.]( [Tech in Asia’s Founders Meetup: Thailand on September 11]( Building a startup in Bangkok isn’t a tuk-tuk race. Don’t miss your chance to spend one-on-one time with seasoned investors during our all-new VC office hour, where nothing is off the table. Hurry, [snag your early bird ticket now]( before the promo ends on August 26. [Leadership Collective: Building at Scale on September 26]( Product people, ditch the handoff headaches and discover how cutting-edge tools are smashing silos between disciplines and fueling a new era of product development. Learn how to optimize workflows, empower teams with expanded skill sets, and accelerate product lifecycles. Seats are extremely limited - [apply now.]( [Gemini Day for Startups: Indonesia on September 26]( Turn AI hype into your startup’s unfair advantage. Learn concrete steps to turn insights into real value for your business. Expect practical advice, clear next steps, and zero jargon – just real-world AI that gets results. Limited seats available - [apply for your invite today.]( [Startup Factory at Tech in Asia Conference Jakarta]( Are you a founder looking for inspiration, connections, and the latest tech insights? Look no further than the Startup Factory at #TIAConferenceJKT! This exclusive space, designed for founders like you, will showcase the region's most promising tech companies. Get up close and personal with the innovators shaping the future, discover the trends driving the tech industry, and connect with potential partners and investors. Competition is fierce and limited booth slots are available. [Apply now!]( --------------------------------------------------------------- WHO'S HIRING  You can post a job [here]( or search for jobs [here](. 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