{"id":125,"date":"2021-01-29T00:00:00","date_gmt":"2021-01-29T00:00:00","guid":{"rendered":"https:\/\/markupbackup.wordpress.com\/2021\/07\/21\/durians-daily-182-this-weeks-top-stories-feat\/"},"modified":"2021-08-03T09:08:18","modified_gmt":"2021-08-03T09:08:18","slug":"durians-daily-182-this-weeks-top-stories-feat","status":"publish","type":"post","link":"https:\/\/dailymarkup.com\/?p=125","title":{"rendered":"Daily Markup #182: This week\u2019s top stories feat. Carsome and Fave on how the pandemic changed consumer behavior"},"content":{"rendered":"<ul>\n<li>This week, favorite stories centered on interesting trends and insights from 500-backed startups <a href=\"https:\/\/www.carsome.my\/\" target=\"_blank\" rel=\"noopener\">Carsome<\/a> and <a href=\"https:\/\/myfave.com\/\" target=\"_blank\" rel=\"noopener\">Fave<\/a>. Here\u2019s a recap:<\/li>\n<\/ul>\n<figure class=\"wp-caption\"><img decoding=\"async\" data-width=\"626\" data-height=\"417\" src=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/img_60f7db4d8cafb.jpg\"><figcaption class=\"wp-caption-text\">Credit: Freepik<\/figcaption><\/figure>\n<p><strong>Changing gears<\/strong><\/p>\n<ul>\n<li>A <a href=\"https:\/\/carsomemy.s3.amazonaws.com\/wp\/Carsome-Consumer-Survey.pdf\" target=\"_blank\" rel=\"noopener\">survey<\/a> conducted by used car trading platform <a href=\"https:\/\/www.carsome.my\/\" target=\"_blank\" rel=\"noopener\">Carsome<\/a> among thousands of consumers revealed Southeast Asians are <a href=\"https:\/\/dailymarkup.com\/\/durians-daily-177-as-southeast-asians-reprioritize-finances-and-rethink-safety-amid-covid-19-ae59f61a6518\" target=\"_blank\" rel=\"noopener\">rethinking their finances<\/a>, with intentions of buying and selling cars rising amid the pandemic.<\/li>\n<li>The most common reasons attributed to the car-selling intentions are to dispose of old cars and to get more cash on hand.<\/li>\n<li>However, most of those who want to buy cars plan to do so only in the next 7\u201312 months. According to the survey results, the main reasons for waiting are to save up or gain more stability in income to increase their confidence in their purchasing power.<\/li>\n<li>More insights from the full story <a href=\"https:\/\/dailymarkup.com\/\/durians-daily-177-as-southeast-asians-reprioritize-finances-and-rethink-safety-amid-covid-19-ae59f61a6518\" target=\"_blank\" rel=\"noopener\">here<\/a>.<\/li>\n<\/ul>\n<p><strong>The takeaway of eating in<\/strong><\/p>\n<ul>\n<li>A little bit of support does indeed go a long way. When many offline restaurants suffered during the first lockdown in Malaysia in March 2020, <a href=\"https:\/\/myfave.com\/\" target=\"_blank\" rel=\"noopener\">Fave<\/a> <a href=\"https:\/\/dailymarkup.com\/\/durians-daily-178-how-a-little-bit-of-support-goes-a-long-way-in-helping-your-favorite-acc9fd8375d6\" target=\"_blank\" rel=\"noopener\">stepped up<\/a> to help them go digital.<\/li>\n<li>The startup also launched <a href=\"https:\/\/saveourfave.com\/\" target=\"_blank\" rel=\"noopener\">\u2018Save Our Fave\u2019<\/a>, a campaign that allows consumers to save their favorite restaurants by buying eCards containing varying amounts of extra credit on top of the original amount paid.<\/li>\n<li>Serendipitously, the startup\u2019s quest to help others led to a happy ending for itself.<\/li>\n<li>Read the full story <a href=\"https:\/\/dailymarkup.com\/\/durians-daily-178-how-a-little-bit-of-support-goes-a-long-way-in-helping-your-favorite-acc9fd8375d6\" target=\"_blank\" rel=\"noopener\">here<\/a>.<\/li>\n<\/ul>\n<p>Other stories you may have missed:<\/p>\n<ul>\n<li>Interest in chocolate grew 74% in 2020, <a href=\"https:\/\/iprice.ph\/trends\/insights\/southeast-asia-finds-comfort-in-chocolates-during-the-pandemic\/\" target=\"_blank\" rel=\"noopener\">according to iPrice<\/a><\/li>\n<li>\u2018Buy now, pay later\u2019 platform <a href=\"https:\/\/paywithsplit.co\/\" target=\"_blank\" rel=\"noopener\">Split<\/a> <a href=\"https:\/\/fintechnews.my\/25955\/payments-remittance-malaysia\/buy-now-pay-later-platform-split-has-processed-rm-10-million-in-transactions\/\" target=\"_blank\" rel=\"noopener\">recorded<\/a> ~USD2.5 million in transactions within months.<\/li>\n<li><a href=\"https:\/\/ohmnilabs.com\/\" target=\"_blank\" rel=\"noopener\">OhmniLabs<\/a>\u2019 robots are being <a href=\"https:\/\/www.linkedin.com\/posts\/ohmnilabs_seniorcare-healthcare-healthtech-activity-6757317579888455681-aILp\/\" target=\"_blank\" rel=\"noopener\">deployed<\/a> in senior care facilities in Australia to keep residents safe.<\/li>\n<\/ul>\n<hr>\n<p><strong>Missed out the last Daily Markup? Go <\/strong><a href=\"https:\/\/dailymarkup.com\/\" target=\"_blank\" rel=\"noopener\"><strong>here<\/strong><\/a><strong> to check it out.<\/strong><\/p>\n<p><strong>You can also find us on <\/strong><a href=\"https:\/\/www.linkedin.com\/company\/500-durians\/\" target=\"_blank\" rel=\"noopener\"><strong>LinkedIn<\/strong><\/a><strong>, <\/strong><a href=\"https:\/\/www.facebook.com\/500durians\/\" target=\"_blank\" rel=\"noopener\"><strong>Facebook<\/strong><\/a><strong>, <\/strong><a href=\"https:\/\/twitter.com\/500Startups_SEA\" target=\"_blank\" rel=\"noopener\"><strong>Twitter<\/strong><\/a><strong>, and <\/strong><a href=\"https:\/\/www.instagram.com\/500durians\/?hl=en\" target=\"_blank\" rel=\"noopener\"><strong>Instagram<\/strong><\/a><strong>.<\/strong><\/p>\n<figure><img decoding=\"async\" data-width=\"400\" data-height=\"400\" src=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/img_60f7db4dcbf26.jpg\"><\/figure>\n<p>500 Startups is a venture capital firm on a mission to discover and back the world\u2019s most talented entrepreneurs, help them create successful companies at scale, and build thriving global ecosystems. In Southeast Asia, 500 Startups invests through the pioneering 500 Southeast Asia family of funds. The 500 Southeast Asia funds have backed over 240 companies across multiple sectors from internet to consumer to deep technology. It continues to connect founders with capital, expertise and powerful regional and global networks to help them succeed.<\/p>\n<p><em>This post is intended solely for general informational or educational purposes only. 500 Startups Management Company, L.L.C. and its affiliates (collectively \u201c500 Startups\u201d) makes no representation as to the accuracy or information in this post and while reasonable steps have been taken to ensure that the information herein is accurate and up-to-date, no liability can be accepted for any error or omissions. All third party links in this post have not been independently verified by 500 Startups and the inclusion of such links should not be interpreted as an endorsement or confirmation of the content within. Information about portfolio companies\u2019 markets, competitors, performance, and fundraising has been provided by those companies\u2019 founders and has not been independently verified. Under no circumstances should any content in this post be construed as investment, legal, tax or accounting advice by 500 Startups, or an offer to provide any investment advisory service with regard to securities by 500 Startups. No content or information in this post should be construed as an offer to sell or solicitation of interest to purchase any securities advised by 500 Startups. Prospective investors considering an investment into any 500 Startups fund should not consider or construe this content as fund marketing material. The views expressed herein are as at the date of this post and are subject to change without notice. One or more 500 Startups fund may have a financial interest in one or more of the companies discussed.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>This week, favorite stories centered on interesting trends and insights from 500-backed startups Carsome and Fave. Here\u2019s a recap: Credit: Freepik Changing gears A survey conducted by used car trading platform Carsome among thousands of consumers revealed Southeast Asians are rethinking their finances, with intentions of buying and selling cars rising amid the pandemic. The [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":2083,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[319],"tags":[341,338,362,325,327],"class_list":["post-125","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-weekly-roundup","tag-carsome","tag-fave","tag-iprice","tag-ohmnilabs","tag-split"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Daily Markup #182: This week\u2019s top stories feat. 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