The report was presented on Nov 1 by managing director of Temasek, Fock Wai Hoong; Florian Hoppe, Asia Pacific leader in Vector, Bain & Company’s digital delivery platform; and Sapna Chadha, vice president at Google for business growth, strategy, and operations.
Private funding across all investment stages in Southeast Asia has reached a six-year record low in the 1H2023, with Singapore experiencing a 63% y-o-y decline in funding, according to the 8th and latest edition of the e-Conomy SEA report by Google, Temasek Holdings and Bain & Company.
This can largely be attributed to the fact that participants of the digital economy have been making an unprecedented pivot towards financial sustainability, in the present challenging capital market environment, the report finds.
