Tag: Indonesia
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VC firms will be pickier in 2023
Venture capital-backed companies only raised $369 billion for the first three quarters of 2022, according to Crunchbase data. A total of $679.4 billion was invested globally in 2021. Malte Mueller | Fstop | Getty Images Venture capital firms in Southeast Asia will probably be pickier next year, with valuations plunging and economic headwinds slowing growth…
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HRW Urge ASEAN Chair Indonesia to Pressure Myanmar on Violence
Bangkok, Thailand – Indonesia is under increasing pressure to use its new one-year role as chair of the Association of Southeast Asian Nations (ASEAN) to isolate Myanmar’s junta in a bid to end its bloody crackdown on pro-democracy opponents, analysts say. But experts say reaching a consensus among the regional bloc remains a challenge in…
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Ex-Stripe exec wants staying power over huge growth
GajiGesa’s Vidit Agrawal wanted to provide workers access to their wages as they earn it, between traditional end-of-month pay cycles. That gives workers much more liquidity and protects them from predatory lenders. GajiGesa Vidit Agrawal, co-founder of Indonesia-based startup GajiGesa, knows crazy growth is nice. But staying power is better. “Everyone is talking about profitability…