Startup Trends: The Rise of Sustainable and Profitable Ventures in Southeast Asia – Thailand Business News thailand-business-news.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thailand-business-news.com Daily Mail and Mail on Sunday newspapers.
Southeast Asia's tech startups, fueled by massive funding and rapid growth, are now facing a challenging funding winter and a loss of investor confidence due to the collapse of the Vision Fund and global stock market decline.
After more than two hours of deliberations on the basis of an 87-page dossier, the high-powered jury for the Economic Times Startup Awards 2023 selected the eight winners from a cohort of 38 nominees.
A few weeks ago, Tata group company Titan hogged the headlines when it bought 27% stake in CaratLane (Titan has been a strategic investor since 2016). A cash exit for an Indian consumer internet entrepreneur is rare, more so when it comes as the broader industry is struggling to get the fundamentals right, and funding from risk investors has fallen precipitously.