Naspers-backed food tech major Swiggy—one of the first Indian food delivery companies that was betting big on cloud kitchen—had to shut and relocate many of its non-profitable cloud kitchens in April.
A frenzy of SPAC mergers took place in 2020. In the coming year, blank check companies may give Southeast Asian tech companies a route to new investors.
As Myanmar’s education sector learns from the challenges presented by COVID-19, edtech can remove geographic and socioeconomic barriers to quality education.
Apart from evaluating deals remotely, a number of other factors would shape up investors’ community in the world’s third-largest startup ecosystem in 2021.