Startups may have been 'whiplashed' too quickly from growth to profitability mode

Startups may have been 'whiplashed' too quickly from growth to profitability mode

Patrick Yip of Intudo Ventures, Jared Baragar of Abound Capital, Felix Saputra of SATU Dental, Ventures, Nicholas Tyson of K3 Ventures, and Kristie Neo of DealStreetAsia discussing Indonesia’s consumer startups at the Indonesia PE-VC Summit 2024.

The market correction in the past couple of years led to a sharp mindset change within the Southeast Asian tech and startup communities but some industry players believe the expectation to shift gears for consumer startups may have been too sudden and too much.

Edited by: Padma Priya

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter