Investment activity in the Southeast Asia region will continue in 2023 but investors are expected to scrutinize valuations more closely, according to Southeast Asia venture debt provider InnoVen Capital SEA.
Singapore’s online marketplace Carousell cut 110 jobs, or 10 per cent of the firm’s total headcount, as part of efforts to rein in costs amid dimmed growth prospects.
Wynwood House, a Peruvian startup that follows the line of global companies such as Sonder as an alternative to Airbnb, halfway between Airbnb and hotels, raised US$7 million in a seed round that will allow it to continue growing in LatAm and beyond. Forbes Peru broke the news, stating that Wynwood House is already present in Peru, Colombia, Mexico, and Panama, and after the round, it plans to reach Chile, the US and Spain.
Procrastinators of the world can throw a party whenever they get around to it: Google has once more pushed back complete third-party cookie deprecation. The new target is “early next year.” Reasons for the delay include concerns expressed by U.K. data regulator Information Commissioner’s Office, an ongoing inquiry by the U.K. Competition and Markets Authority, and widespread discontent in the advertising ecosystem.