Ecosystem Summary: Layoffs at Chope, Doctor Anywhere acquires AHS, Singapore ranks 9th most popular crypto fraud destination

Alipay-backed company Chope is laying off 65 employees
The restaurant management startup’s layoffs affected 38 from the city-state and 27 from its other markets in Asia; Ziaudeen said the company has been impacted by “rapidly changing economic conditions” in recent months.

Doctor Anywhere Acquires AHS, Adds $38.8M to Series C Round
The investors are Asia Partners, Kamet Capital, Square Peg, IHH Healthcare, EDBI and OSK-SBI Venture Partners; AHS is a group of 14 medical specialists with a patient-centric approach and a vision to make specialized care accessible to all.

Singapore is the ninth most common crypto fraud destination: CoinJournal study
The US is the most targeted country with 13 hacks and security breaches; With 120 incidents, 2022 was the worst for crypto fraud and breaches; that was 26 more than in the previous year.

UK Activpayroll acquires Malaysia’s Propay Partners for APAC push
Propay Partners Offers Payroll Outsourcing and Employee Mobility Services; Activpayroll provides global payroll, HR, international payments and employee mobility services to over 1,200 companies in 154 countries.

Gree Energy secures $3.2 million for converting wastewater into biogas
Investor is Hong Kong-based Earthcare Group; Indonesian company makes biogas solutions financially viable by unlocking access to carbon credit, green finance and renewable energy markets.

BillionBricks closes $2.45 million seed round to build affordable net-zero homes
The investors are Thakral Corporation and ENGIE; The first BillionBricks community to be launched in the Philippines will encompass over 16 hectares of land, 1,600 homes and 13MW of power generation capacity.

Solar-as-a-service startup Suryanesia hits $2M led by Intudo
Suryanesia says it helps customers (mall owners and manufacturers in the FMCG, textile, pharmaceutical and plastics sectors) save $20,000 to $50,000 annually; It will be extended to private solar systems and independent power generation.

Accelerating Asia invests in Bangladeshi startup Shuttle
Other supporters include Startup Bangladesh and investors from Bangladesh Angels Network; The shuttle costs less than a third of the price of a regular ride, matching four to 10 people in sedans and minivans.

Indonesian group buying platform Radius receives seed funding and rebrands as Bakool
Investors include Kleiner Perkins, Insignia Ventures, Global Brain and former Indonesian Minister Mari Elka Pangestu; Bakool helps increase household productivity by becoming the fresh produce chain for small town households.

Telkomsel’s arm Indico is investing $1.9 million in health app Fita
Fita’s app allows users to track their meals, log their steps and exercise, and get rewards; The company said it has 350,000 monthly active users, with more than 200 trainers and 200 healthy food recipes on its platform.

Touchstone Partners is investing $1 million in Vietnamese startup Quqo
Quqo’s B2B platform and SaaS tool enable store owners to search for the best product offering through a “simplified” sourcing process; This has onboarded over 40 distributors and supports over 5,000 stores across HCMC.

VinFast receives permits to sell electric vehicles in the USA
The company is scheduled to begin delivering vehicles to customers in the US by the end of this month; The first 999 VinFast vehicles – model VF 8 City Edition – recently arrived in the country.

“Current macro headwinds are weighing heavily on the healthcare sector”
Doctor Anywhere founder and CEO Lim Wai Mun says new technologies like Metaverse could breathe new life into healthcare services and create a more holistic patient experience.

Why SC Ventures believes in building innovation from within
The SC Ventures FinTech Bridge was originally developed to facilitate the sourcing of technical solutions within Standard Chartered.

A year in review: How e27 served the tech ecosystem in 2022
Here’s a little visual snapshot of how far e27 has come, what we’ve done, who we’ve worked with and what we’re proud of at the end of the day.

Looking at you, 2023: 8 technology and business predictions for ASEAN
As businesses struggle to increase revenue and efficiency across the enterprise, personalization will now be the solution to success.

Destroy your enemies by making them your friends: BeLive’s Kenneth Tan
Kenneth Tan, Co-Founder and CEO of BeLive Technology, talks about becoming a household name in live and video streaming solutions.

On the way to greatness: A call to support SEA-Soonicorns on their growth path
Soonicorns face a different challenge than their predecessors. You and your organization can be part of the solutions.

How to apply the right engagement model to delight your customers
An effective customer retention model can mean the difference between keeping—and even winning—customers or turning them away.

How Localization Discovery sets the benchmark for international growth
Global Class companies use an internationalized agile methodology to structure the localization process and find the right model for a new market.

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