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Hello there

When I was younger, I religiously watched Dragon Ball Z, the Japanese anime. There’s one thing about the show that I like to think of whenever I come across a merger of companies: It’s called “fusion” and it literally refers to two characters merging their bodies to defeat a more powerful enemy. The message was clear even to a young boy: The whole is greater than the sum of its parts.

That also applies to two Indonesia-based startups that recently merged to create Quipster. In today’s story, we take a look at how this merger came about and what it means for the two firms.

-- Jonathan
 
 

THE BIG STORY

Exclusive: Two heavy equipment startups backed by Indonesian super angel merge
WebTrace and TraktorHub, which are both backed by Prasetia Dwidharma, have merged into one entity that plans to expand to 12 Indonesian cities.
 
 

SINGAPORE EVENT


International Women's Day Luncheon 2022

Each year, Tech in Asia celebrates #IWD to promote equal representation and opportunities for women in the tech industry. On 8 March, we are inviting startup leaders to join an interactive and engaging 3- course luncheon in Singapore, to uncover actionable ways they can #breakthebias.

This is a small-group event, with Dione Song (CEO, Love, Bonito), Juliet Zhu (CFO, Carsome) as well as Tech in Asia’s COO Maria Li will be joining to share their experiences and stories. We will facilitate candid conversations on career, life and leadership, to help attendees make meaningful connections.

Only 2 seats left - RSVP now!



 

TRENDING NEWS

AirAsia launches financial marketplace in Indonesia
AirAsia has partnered with local and regional fintech players such as PasarPolis, Bareksa, Rumah Zakat, and Wise to launch the service.
Sinar Mas unit set to invest $200m into Indonesian e-wallet Dana
After the deal, the Sinar Mas unit will become one of the largest shareholders of Dana.
Grab shares to rise with recovery in mobility expected in Q4: report
Grab is currently trading at US$5.80 per share, more than 50% below its IPO price of US$13.06 per share.
🇮🇳 Roundup: BharatPe strips Ashneer Grover of founder status
Also, Mela Ventures closes US$42.3 million maiden fund and Fashinza is set to raise US$50 million in new funding.
Sea sheds $10.4b in market value after Q4 results
The decline in market value comes after Sea cut its year-on-year booking guidance for its digital entertainment unit Garena for the first time.
Ex-Grab PH boss’ group buying firm nets $10.7m, expands to quick commerce
SariSuki is a community group-buying startup focusing on groceries and daily needs that promises deliveries under 15 minutes.


EVENTS HAPPENING


You can also check out a curated list of trending tech events over here.
  • International Women's Day Luncheon 2022 on March 8th
    Each year, Tech in Asia celebrates #IWD to promote equal representation and opportunities for women in the tech industry. On 8 March, we are inviting startup leaders to join an interactive and engaging 3- course luncheon in Singapore, to uncover actionable ways they can #breakthebias.
    This is a small-group event, with Dione Song (CEO, Love, Bonito), Juliet Zhu (CFO, Carsome) as well as Tech in Asia’s COO Maria Li will be joining to share their experiences and stories. We will facilitate candid conversations on career, life and leadership, to help attendees make meaningful connections.
    Limited seats available. RSVP now!
  • AWS SaaS Forum on March 8th
    Join the AWS SaaS Forum on March 8 to uncover opportunities and insights on SaaS trends, outlook for 2022 and how to build your business playbook. Attendance is complimentary.
  • Unlocking the possibilities of the digital credit ecosystem on March 16th
    Digitalization is in full swing and consumers are now used to having most aspects of their lives play out online. This also means that their expectations of financial institutions and players are now higher than ever - can businesses keep up?
    Join us on March 16 for a panel discussion led by global information technology company Experian to better understand how real time credit assessment, alternative sources of credit data, and AI/ML powered automation can enable a seamless customer experience and new credit opportunities in today’s digital credit ecosystem.
    Click here to reserve your place.



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