Additional financial backing could come from other US investors.
Four must-attend sessions at the Indonesia PE-VC Summit 2023
Temasek-backed Singapore logistics firm Haulio buys Indonesian peer Logol
India Digest: RENEE Cosmetics raises $25m; Virgio snags $10m in extended Series A
Malaysian EWA startup Paywatch raises $9m and other SE Asia deals
UK-based asset manager ICG appoints APAC infrastructure investment team
Singapore’s AirCarbon Exchange looks to raise $50m in Series B funding
Vietnam: KKR-backed EQuest takes controlling stake in Khoi Nguyen Education
Indonesian carbon technology startup Fairatmos raises $4.5m in seed round funding
Thai VC firm V Ventures to buy embattled crypto platform Zipmex for $100m
Lazada receives another $342.5m capital infusion from Alibaba
Regional VCs including AC Ventures, Jungle and Wavemaker have beefed up their leadership rungs.
The report found that nine out of 10 companies face difficulties hiring tech talent.
SG-based Gupta has been with Maybank for a decade.
The social media platform also laid off nearly 5% of its workforce.
The company also plans to suspend the salaries of 25% of its workers for 1-3 months.
In 2017, Tesla had said the 300-mile range version of the Semi would cost $150,000.
The region’s largest tech platforms have reduced their total workforces by as much as 10% this year.
The layoffs will affect mostly those with the title of chief operating officer.
Wall Street comes under pressure as dealmaking slows down.