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Now, even relatively small companies like Nodeflux–its headcount is still below 50–can score government contracts. Nodeflux analyses images from around 7,000 CCTV cameras in the district, giving the Jakarta Regional Government new perspectives on traffic patterns and other mobility-related insights. It’s now applying a similar solution to help stop travel violations during Covid. This shift … Read more
But rent is only one part of the equation. The other is staff costs, which can be as much as rent in some cases. While some are turning to layoffs, a Bengaluru-based brand—which runs a quick-service restaurant and a cloud kitchen—has cut salaries by at least 30-40% for its 19 employees, said the brand’s head … Read more
“It is not easy for impact investors coming from outside, unless they are able to come up with a unique bottom-up approach,” he adds. But unlike other Southeast Asian nations, Malaysia has received less attention from impact investors. Out of US$904 million deployed by private impact investors across the region between 2007 and 2017, Indonesia, … Read more
The accreditation would also allow eligible social enterprises to provide tax deduction receipts to people—be it individuals or companies—who’ve donated to them. This would, in turn, encourage donation. The accredited enterprises also get added to the Ministry of Entrepreneur Development and Cooperatives’ (MEDAC) public directory, enhancing their visibility. “I would say the SE ecosystem is … Read more
A pandemic that forces people to stay home looks like a godsend gift to the food delivery industry. But it may fundamentally alter the power balance between restaurants and food delivery platforms in Malaysia, and even Southeast Asia. Before Covid-19—when dine-in was the main income source for restaurateurs—commission rates were viewed as a “marketing fee” … Read more
KKR declined to take part in this story but it did confirm that it is “looking at the opportunities” in Southeast Asia. Contrary to what we see in deal terms, these private equity firms are scouting for opportunities far earlier than when startups seek Series C investments. TPG Capital, KKR and others are seeking out … Read more
A second EV Growth fund is likely to be announced before the end of the year, a senior venture capital executive aware of the plan told us anonymously because they did not want to be seen discussing another firm’s business. East Ventures declined to comment on its plans for EV Growth. The firm has been … Read more
Besides, after Covid-19 broke out, RWAs (Resident Welfare Associations) have been against allowing outsiders into apartment complexes. This stance will likely stymy even those who continue to take bookings on the platform. Airbnb’s dependence on inbound travel, say industry executives we spoke with, will also make things tougher. With this channel cut off, it must … Read more
“People ask me what is the difference of investing in a company through ECF and directly into a company. It’s quite the same, except with ECF, you can invest in small amounts and then repeat that with different companies to diversify your investments,” says Shafie. But the truth is, awareness about ECF is still low, … Read more
That’s the premise of ECF—an alternative financing option allowing private companies such as small-and-medium enterprises (SMEs) and startups to raise capital. ECF can be channeled via retail investors or the customer base through platforms regulated by the Malaysian capital market regulator Securities Commission (SC) Malaysia. Malaysia is the first country across Southeast Asia to regulate … Read more