Ecosystem Roundup: Venteny Wins IPO; Flash Coffee, Sirclo Axjobs; Sequoia is sorry for FTX investing

Growth equity firm Venteny Fortuna plans to raise $27 million through its IDX IPO
Venteny plans to use the funds to increase the group’s working capital and support its business development and growth; This makes Venteny the first Japanese founder-led startup to be listed on SEA.

Seafood & Grocery Delivery Spending Up 30%: Grab Report
According to the report, Singaporean consumers spent the most on deliveries in Southeast Asia, while those in Vietnam ordered the most during this period.

Malaysian startups and multinationals have started to see the importance of Web3: Jasmine Ng
There is a growing demand for Web3 developers, but less than 1 percent of programmers have the necessary skills to get the job done, says Ng, co-founder of myBID and founding member of Women In Blockchain Asia.

“In Web3, talent is hard to find and expensive”
According to experts, the best Web3 talent can be found in India, Vietnam, the US, France and the UK. The regulations are pretty fuzzy right now and clarity on that will greatly help people become more. cozy.

Singapore-based Flash Coffee is laying off employees
According to LinkedIn, the startup employs over 600 people; The Rocket Internet-backed company raised $32.8 million in July; It is present in Indonesia, Singapore, Hong Kong, Korea, Japan, Thailand and Taiwan.

Indonesian e-commerce provider Sirclo is laying off 8% of its employees
The layoffs are part of a policy of efficiency measures amid “current macroeconomic conditions,” it said in a statement; Sirclo explained that all aspects of the group’s business are in the optimization phase to deliver long-term growth.

East Ventures launches startup program amid wave of layoffs
The fourth edition of PASTI BISA, titled Terus Pantang Mundur (Keep Moving Forward, Never Give UP), was launched in response to the recent massive layoffs in Indonesia.

Vietnam’s EV firm Dat Bike raises $8 million
The investors are Jungle Ventures, GSR Ventures and Delivery Hero Ventures; It plans to expand into other Tier 1 cities beyond Ho Chi Minh City, Hanoi and Da Nang; Dat Bike claims its earnings have increased 10x over the last 12 months.

NOVI Health Raises $5M Series A to Fight Diabetes and Obesity Using Technology
The main investor is Monk’s Hill Ventures; NOVI provides hyper-personalized holistic health solutions that integrate precision medicine, behavioral and lifestyle interventions.

Fintech company BayaniPay raises $4.5 million in seed funding
The investors are East West Bank, Wavemaker Partners and Talino Venture Labs; BayaniPay provides access to a digital checking account, debit card, and fee-free forex transfer rates for Filipino Americans sending money home

Accelerating Asia is investing in 10 startups as part of the Cohort 7 program
The new startups have an average monthly GMV of over $46,000 and revenue of over $13,000, and together they are pursuing at least one sustainable development goal.

Fonos raises $1.8 million in funding to expand into podcasting
Investors include North Base Media, AngelCentral, Vietcetera’s fund; Since its launch in 2020, Fonos has established itself as the leading audio content provider in Vietnam with over 2,100 exclusive content items.

SOSV supports 5 startups as part of the latest Orbit cohort
The startups are NewCampus, Kreate, Nandi Labs, PriyoShop and Fullfily; Each participant in the Orbit Startups program received $150,000 in initial funding; Orbit includes SOSV’s Chinaccelerator and MOX programs.

Season Capital, Mixpanel Launch Product Manager peer support community
The first cohort of the analytics program will connect Season 2-3’s product manager community directly to Mixpanel product management and engineering executives.

Sequoia apologizes for investing in FTX
Sequoia has invested $214 million in FTX.com and FTX US; It clarified that it had reviewed FTX’s unverified statements prior to the investment and conducted rigorous due diligence.

FTX owns Indonesian crypto exchange Bitocto, court documents show
Separately, data from the Indonesian Ministry of Law and Human Rights showed that 99% of Bitocto shares are owned by FTX, while the remaining 1% is owned by Genesis Block, a Hong Kong-based crypto platform.

Rakuten Capital invests in SG Web3’s entertainment company DEA
DEA also signed a MoU with Rakuten Group for a collaborative partnership in the Web3 domain; DEA operates the PlayMining GameFi platform, which contains a catalog of P2E NFT games including Job Tribes and Cookin’ Burger.

Filipino actress Yassi Pressman makes $2 million for her new Web3 startups
Yassi Pressman’s startups PEG is a gaming guild, while BrandNation is an influencer marketing platform for digital and web3 brands; The funding was led by Sonla, a cryptocurrency exchange and digital asset custodian provider.

URECA, a blockchain-based carbon offset marketplace, raises $1.5 million
Originally from Mongolia and headquartered in Singapore, URECA aims to empower and mobilize grassroots communities against climate change by providing a widely accessible carbon offsetting platform.

Singapore Police begin investigation into Hodlnaut
Police said they received multiple complaints between August and November detailing how Hodlnaut and his directors allegedly falsified the extent to which the firm was exposed to a digital token – believed to be UST.

Hex Trust obtains license for Virtual Asset Services in Dubai
The company, which offers services like staking, brokerage and virtual asset custody, secured a minimally functional product license a few months after receiving a preliminary license in June.

The future of recruitment in the Web3 age
Web3 can provide an ecosystem where a permission holder can share a zero-knowledge proof presentation without sharing the original permission.

How I started my business and what I learned in the process
Geraldine Pang, Founder of Creative For More, shares some lessons she learned starting her business from the ground up.

How to scale your DTC game with payments
Growing your business requires moving fast and embracing new ways of working, and payments are an essential part of the plan.

A walk through the growth of e-commerce in Singapore
The future of e-commerce in Singapore looks bright with the continued growth of online shops and high demand for quality products.

9 tips for creating a cybersecurity policy for remote work
From keeping systems up to date to installing VPNs, cybersecurity is essential and requires collaboration from the entire team.

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