Dekoruma bucks industry decline

More: KKR looks to sell Singapore-based Goodpack. [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: - An Indonesian online furniture platform [doubling sales in 2023]( - An Indian generative AI startup’s pre-seed round - The IPO market hotting up in Southeast Asia - Other newsy highlights such as KKR selling Singapore-based logistics provider Goodpack --------------------------------------------------------------- Hello {NAME} I’m at the age where a number of my friends have gotten their own homes. Naturally, they’ve also done some renovation work, and it’s interesting to see the different approaches each of them have. Some choose to go for simple and functional, while others have furniture or appliances that are much pricier. Interestingly, a good number of my friends bought things online, which isn’t really something I used to consider for myself. If you can’t see such huge items in person, would it really be OK to put them in your home forever? Well, for some consumers in Indonesia, they can get the best of both worlds through this furniture marketplace, which is the focus of today’s story. Read on to find out more. -- Jonathan  ---------------------------------------------------------------  THE BIG STORY [Dekoruma’s sales double in 2023 amid industry decline]( While the furniture marketplace grew its revenue, this was fueled by discounts to customers, which rose over 6x. --------------------------------------------------------------- TRENDING NEWS [KKR to sell Singaporean logistics firm Goodpack for $1.8b]( Private equity firm KKR is planning to sell Goodpack for a valuation of around US$1.8 billion. KKR initially acquired the Singapore-based logistics provider in 2014, for around US$985 million. The formal sale process is expected to begin in the coming weeks. [India’s genAI startup secures $300k pre-seed funding]( Alchemyst AI, a genAI SaaS startup, has raised US$300,000 in a pre-seed round led by Inflection Point Ventures. Founded in 2023, the Indian firm is developing autonomous, human-like digital employees to enhance operational efficiency in mid-sized and large enterprises. ---------------------------------------------------------------  VISUAL STORY OF THE DAY [Tracking IPOs: India’s hot but does SEA have a shot? (Updated)]( While the number of IPOs have reduced since 2022, there are green shoots of startups making plans to list this year and next. --------------------------------------------------------------- TECH IN ASIA CONFERENCE 2024 JAKARTA | OCTOBER 23-24 Final 10% off—last chance before door sale price! The conference is just days away, and this is your final opportunity to snag tickets at a discounted price before the door sale begins next week. - VIP Pass, Startup Factory Pass, and Group Investor Pass are SOLD OUT! - Single Pro Pass is almost gone - General & Single Investor Passes are selling fast! 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