startups

Tech layoffs in Southeast Asia rise as unprofitable startups seek to expand their leads

Tech layoffs in Southeast Asia rise as unprofitable startups seek to expand their leads

Shopee has reportedly made three rounds of layoffs this year as its parent company, Sea Limited, struggles for profitability. Lauryn Ishak | Bloomberg | Getty Images More tech startups in Southeast Asia have laid off workers this year as macro headwinds deepened losses and venture capitalists pushed startups to expand their leads. Last week, online …

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Anne Hathaway backs Pact, an all-female VC for mission-driven startups, West to East

Anne Hathaway backs Pact, an all-female VC for mission-driven startups, West to East

How many venture capital funds can you name where the three partners all had babies while raising funds, have deep ties in Asia as well as Europe and the United States, and include actress Anne Hathaway as an LP? Not much that I would risk. But that’s the profile of Pact, a new Seed VC …

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