Sun.Jan 15, 2023

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So much fintech M&A

TechCrunch

Welcome to The Interchange ! If you received this in your inbox, thank you for signing up and your vote of confidence. If you’re reading this as a post on our site, sign up here so you can receive it directly in the future. Every week, I’ll take a look at the hottest fintech news of the previous week. This will include everything from funding rounds to trends to an analysis of a particular space to hot takes on a particular company or phenomenon.

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Hong Kong-based logistics platform for e-commerce merchants Jumppoint raises $6.5m in series A

AsiaTechDaily

Bookmark ( 0 ) Please login to bookmark. Username or Email Address. Password. Remember Me. No account yet? Register Jumppoint , a Hong Kong-based digital integrated logistics startup , has successfully completed Series A of its funding round with $6.5 million in investments added to its coffers. The funding round was led by MindWorks Capital and was also joined by Headline Asia, Chinachem Group, Philip Kuai (Founder of Dada Nexus), and the Innovation and Technology Venture Fund of Hong Kong SAR

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Indian edtech giant Byju’s changes sales strategy in key revamp

TechCrunch

Byju’s has made a key change in its sales strategy, moving away from a business practice that attracted the edtech giant criticism over the years. The Bengaluru-headquartered startup, India’s most valuable , said on Monday its sales people no longer visit students’ homes to pitch to their parents. Instead, the entire sales workforce now works from inside the office and reaches out virtually to only those whose children have shown a clear interest in subscribing to the platform.

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From Military Service to Tech Investing: The Journey of Ethan Tan, Harvard Student and Web3…

Jason Malki

From Military Service to Tech Investing: The Journey of Ethan Tan, Harvard Student and Web3 Investor I had the pleasure of interviewing Ethan Tan, a Harvard student and Web3 investor. Ethan is currently a Venture Partner with Contrary Capital and founder of a stealth startup. He previously did sourcing work for Susa Ventures and Sequoia, and was a Venture Analyst at the ventures arm of QCP Capital, a Singapore-based full-suite crypto trading firm.

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Digitalization: 5 Tech Updates That Will Help You Survive The Recession & Thrive

Lack of digitalization decreases business competitiveness. To thrive, embracing modern solutions becomes essential. The approach to digitalization often aligns with a company's business model. This shift not only boosts productivity but also automates processes and improves security. The tech market offers a wealth of technologies tailored for management, planning, and forecasting, replacing outdated pen-and-paper methods.

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Locad lands Series A to expand its “logistics engine” across Southeast Asia and Australia

TechCrunch

When Constantin Robertz was working at Zalora, he was involved in moving warehouses six times as the e-commerce company outgrew its logistics infrastructure. This inspired him to co-found Locad , a logistics provider for omnichannel e-commerce companies that connects its network of third-party warehouses and shipping carriers with a cloud-based platform referred to its “logistics engine.”.

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Environmental health and safety software is now a hot commodity

TechCrunch

Historically, environmental health and safety software hasn’t been a massive market — at least compared to others in the software-as-a-service segment — and it’s admittedly not the most enthralling startup category. But that’s changing, according to a new survey released by research firm Verdantix. EHS software acts as a data management system for capturing and analyzing information related to occupational health and safety, waste management and sustainability.

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[Stellar Cyber in Business Wire] Vintcom and Stellar Cyber partner to bring open XDR to Thai market

OurCrowd

BANGKOK–(BUSINESS WIRE)–Aligning with its strategy to maintain leadership in the IT industry with digital transformation and cybersecurity solutions for its clients, Vintcom Technology Public Co., Ltd. has partnered with Stellar Cyber, the innovator of Open XDR, to distribute Stellar Cyber’s Open XDR platform in Thailand. Read more here. .

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Google-backed ShareChat cuts 20% workforce to ‘sustain through headwinds’

TechCrunch

ShareChat, the Indian social media startup backed by Twitter, Google, Tiger Global and Temasek, has laid off 20% of its workforce — or over 400 employees — just a month after eliminating more than 100 roles. The startup informed its employees about the decision on Monday morning. It deactivated access to accounts and wiped out all data of impacted employees, a person familiar with the development told TechCrunch.

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The Most Acquisitive Acquihirers in Software

Tomasz Tunguz

“The Startup M&A Market Fell 94% Year over Year - But One Segment Thrives” , a post from last week, elicited the same question from many readers. Just who are the most active acquirers for smaller takeouts? To answer the question. I reviewed the roughly 560 US software acquisitions under $400m since January 1, 2020. ServiceNow tops the list with 5 acquisitions.

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The Big Payoff of Application Analytics

Outdated or absent analytics won’t cut it in today’s data-driven applications – not for your end users, your development team, or your business. That’s what drove the five companies in this e-book to change their approach to analytics. Download this e-book to learn about the unique problems each company faced and how they achieved huge returns beyond expectation by embedding analytics into applications.

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Jakarta-based Mindtera helps companies keep an eye on employee morale

TechCrunch

During the pandemic, Tita Ardiati and Bayu Puspito Bhaskoro began developing life coaching content to support employees who were increasingly burned out by working from home. They got a good enough reception that they decided to develop their product into an employee assistance program called Mindtera , which now serves more than 10,000 employees in Indonesia.

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[Insightec in CNN] A sound you can’t hear but may one day change your life

OurCrowd

CNN—Undergoing clinical trials around the world is a brain surgery that doesn’t need an incision or produce any blood yet drastically improves the lives of people with essential tremor, depression and more. The procedure, known as a focused ultrasound, aims sound waves at parts of the brain to disrupt faulty brain circuits causing symptoms. Read more here.

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How a Former Immigrant Operator Broke into Silicon Valley VC, and What he Looks for When Investing

Jason Malki

I had the pleasure of interviewing Amir Kabir, partner at AV8 Ventures. Amir has been an entrepreneur, operator and investor with over 15 years of experience, working with early and mid-stage companies on financing, partnerships and strategic growth initiatives. His background and career span over 3 continents, where he was exposed to different people, cultures and regions that shaped his global mindset.

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Selling Your Way to Success, an Interview with Tech Sales Veteran Mike Hook

Jason Malki

I had the pleasure of interviewing Mike Hook. From his first selling job as Cutco’s third best seller in the country to becoming Vice President of Sales at LineLeader by ChildcareCRM , Mike brings ten plus years of experience, high energy, and proven results to rapidly evolving SaaS companies. Prior to LineLeader by ChildcareCRM, Mike was an integral part of a highly successful FinTech software company that scaled from $12 million to over $100 million in ARR at a $1 billion dollar valuation.

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PE Mastery: CAPTARGET's Playbook for Quality Lead Flow

CAPTARGET presents a masterclass in M&A deal sourcing. Learn to cast a wide net, embracing seller self-identification. Consistency is the linchpin: keep the origination process steady for a reliable flow of opportunities. Diversify your tactics, employing various tools and vendors. Tech matters! Understand DNS settings, domain authority, and brand presence for optimal outreach.