{"id":2804,"date":"2021-12-08T07:07:28","date_gmt":"2021-12-08T07:07:28","guid":{"rendered":"https:\/\/dailymarkup.com\/?p=2804"},"modified":"2021-12-08T07:08:07","modified_gmt":"2021-12-08T07:08:07","slug":"daily-markup-391-jala-tech-poised-to-enter-vietnam-market-how-a-taxi-company-evolved-into-grab-the-super-app-reddoorz-on-surviving-the-pandemic-a-potential-ipo","status":"publish","type":"post","link":"https:\/\/dailymarkup.com\/?p=2804","title":{"rendered":"Daily Markup #392: Jala Tech poised to enter Vietnam market; How a taxi company evolved into Grab, the super app; RedDoorz on surviving the pandemic &amp; a potential IPO"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh6.googleusercontent.com\/nC-sQRl7yNRVbWOnkIHtXBmA9Pnk8xk-gaFzhZIGfOrglL4USDzUf6678yu_UHgLmsE1wuWo8N0bkiPVoUumeZ34ansQOQbxXdtM5oUFVCHnKynIZsIRxumYtcVocmZTW0J59moG\" alt=\"\" \/><figcaption>Credit: Graft<\/figcaption><\/figure>\n\n\n\n<p><strong>Fishing in a new pond<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>500-backed aquaculture startup <a href=\"https:\/\/jala.tech\/\">Jala Tech<\/a> is three months into GRAFT Challenge Vietnam 2021, a program that supports entrepreneurs from across the globe in <a href=\"https:\/\/graftchallenge.com\/jala-tech-revitalizing-vietnams-shrimp-production\/\">solving pressing issues in Vietnam\u2019s agri-food sector<\/a>.<\/li><li>\u201cDuring the GRAFT program we have exposure to the industry itself,\u201d said Jala Tech co-founder and CEO Liris Maduningtyas. \u201cAnd it\u2019s been wonderful to see the industry welcoming [our] new technology.\u201d<\/li><li>The technology is the startup\u2019s data-driven shrimp farm management platform where farmers can enter data and then gain access to AI-powered analytics to help forecast shrimp harvests.<\/li><li>Liris shared that the app has been finalized in Vietnamese and the startup is almost ready for market entry. Via the program, local experts have been guiding Jala Tech in navigating Vietnamese regulatory challenges and barriers.<\/li><li>According to Jala Tech, it aims to acquire 10,000 Vietnamese users in the next two years.<\/li><li>Get the full story <a href=\"https:\/\/graftchallenge.com\/jala-tech-revitalizing-vietnams-shrimp-production\/\">here<\/a>.<\/li><\/ul>\n\n\n\n<p><\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" src=\"https:\/\/lh6.googleusercontent.com\/oyE_yM7fkZ9ngjrn2PEZuSsvQauu7yVFRbK41-vLoJrTZE5yeNTT47UD6_-ULP3731zALe8fsBtaGJ8aAVA5ah7zHpWdYnAXlANgq1awjsHT5xQVn1plcJ5rhhJsnhGm0OG-6n3h\" alt=\"\" \/><figcaption>Credit: Khailee Ng<\/figcaption><\/figure><\/div>\n\n\n\n<p><strong>A historic rise<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>How did 500-backed <a href=\"https:\/\/www.grab.com\/\">Grab<\/a> evolve from a taxi company in Malaysia to a super app in Southeast Asia? Managing Partner of 500 Global, Khailee Ng, <a href=\"https:\/\/500.co\/theglobalvc\/understanding-the-rise-of-the-grab-superapp-and-its-future\">reflects on the startup\u2019s journey<\/a> as its debut on Nasdaq last week became the <a href=\"https:\/\/www.nasdaq.com\/articles\/nasdaq-welcomes-grab-the-largest-foreign-spac-combination\">largest SPAC combination outside the U.S. to date<\/a>.<\/li><li>\u201cGrab is NOT the \u2018Uber of Southeast Asia\u2019\u201d, he writes. \u201cGrab follows more closely to the original \u2018super app\u2019 in China, Tencent.\u201d A super app offers multiple on-demand products and services, all integrated seamlessly with digital payments.<\/li><li>Grab\u2019s journey began in dense, urban areas in the region with low car ownership and limited public transportation, where it offered consumers a vast network of ride-hailing drivers. Today, the startup embraces the sharing economy by also providing food and grocery deliveries in addition to fintech services such as loans, investments, and insurance. The goal? To provide better, cheaper, and faster services to Southeast Asians.<\/li><li>\u201cFrom the company\u2019s humble beginnings, unicorn DNA and now its role as a globally recognized tech giant, Grab reminds investors like us of what\u2019s possible \u2013 and we\u2019re excited to see all that they will do and achieve for Southeast Asia,\u201d Khailee concludes.<\/li><li>Read the full story on <a href=\"https:\/\/500.co\/theglobalvc\/understanding-the-rise-of-the-grab-superapp-and-its-future\">500 Global<\/a>.<\/li><\/ul>\n\n\n\n<p><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh6.googleusercontent.com\/nhKQ4R3wWJwPaDA1Dwp3a9PbY0rKt3gzMywQRkGamlVrRELN09_aYNxI7n03QApYrcd2__ktfyIBcQ6LU1PdTPN-BaF9bsgwe7RlFQf9MiL_5ZyOiA-MRROR65fvOSyuh01CTA90\" alt=\"\" \/><figcaption>Credit: Web In Travel<\/figcaption><\/figure>\n\n\n\n<p><strong>Room to grow<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>In an interview at The Phocuswright Conference 2021, <a href=\"https:\/\/www.reddoorz.com\/\">RedDoorz<\/a> founder and CEO Amit Saberwal shared <a href=\"https:\/\/www.webintravel.com\/reddoorz-ceo-on-sea-potential-performance-marketing-lessons-and-growing-up-fast\/\">how the startup managed in the pandemic<\/a> and what its future plans are.<\/li><li>Thanks to the rapid digitalization in Southeast Asia during the pandemic, the demand for digital services has ramped up. Hotel owners who are part of the RedDoorz brand have reaped the benefits &#8211; according to Amit, they report a 15% higher occupancy rate than unbranded similar products.<\/li><li>RedDoorz claims to have 2,900 properties across four countries &#8211; it was at 1,600-1,700 before the pandemic. He explained that the startup improved its algorithms around supply sufficiency to match what customers were asking for, enabling it to provide hyper-localized recommendations.<\/li><li>On RedDoorz\u2019s future, Amit revealed that it may raise funds next year and he is looking at a possible IPO in 2023 or 2024.<\/li><li>Read the full interview <a href=\"https:\/\/www.webintravel.com\/reddoorz-ceo-on-sea-potential-performance-marketing-lessons-and-growing-up-fast\/\">here<\/a>.<\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Fishing in a new pond 500-backed aquaculture startup Jala Tech is three months into GRAFT Challenge Vietnam 2021, a program that supports entrepreneurs from across the globe in solving pressing issues in Vietnam\u2019s agri-food sector. \u201cDuring the GRAFT program we have exposure to the industry itself,\u201d said Jala Tech co-founder and CEO Liris Maduningtyas. \u201cAnd [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":2805,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[322],"tags":[143,370,375],"class_list":["post-2804","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily","tag-grab","tag-jala","tag-reddoorz"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Daily Markup #392: Jala Tech poised to enter Vietnam market; How a taxi company evolved into Grab, the super app; RedDoorz on surviving the pandemic &amp; a potential IPO - Markup<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dailymarkup.com\/?p=2804\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Daily Markup #392: Jala Tech poised to enter Vietnam market; How a taxi company evolved into Grab, the super app; RedDoorz on surviving the pandemic &amp; a potential IPO - Markup\" \/>\n<meta property=\"og:description\" content=\"Fishing in a new pond 500-backed aquaculture startup Jala Tech is three months into GRAFT Challenge Vietnam 2021, a program that supports entrepreneurs from across the globe in solving pressing issues in Vietnam\u2019s agri-food sector. \u201cDuring the GRAFT program we have exposure to the industry itself,\u201d said Jala Tech co-founder and CEO Liris Maduningtyas. \u201cAnd [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/dailymarkup.com\/?p=2804\" \/>\n<meta property=\"og:site_name\" content=\"Markup\" \/>\n<meta property=\"article:publisher\" content=\"http:\/\/facebook.com\/500southeastasia\" \/>\n<meta property=\"article:published_time\" content=\"2021-12-08T07:07:28+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-12-08T07:08:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/12\/Jalatech.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1040\" \/>\n\t<meta property=\"og:image:height\" content=\"780\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ching Yee Ho\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/dailymarkup.com\/#website\",\"url\":\"https:\/\/dailymarkup.com\/\",\"name\":\"Markup\",\"description\":\"Serving bite-sized news on 500 Southeast Asia&#039;s portfolio companies and insights to fuel your momentum in life and business.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/dailymarkup.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/dailymarkup.com\/?p=2804#primaryimage\",\"url\":\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/12\/Jalatech.jpg\",\"contentUrl\":\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/12\/Jalatech.jpg\",\"width\":1040,\"height\":780},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/dailymarkup.com\/?p=2804#webpage\",\"url\":\"https:\/\/dailymarkup.com\/?p=2804\",\"name\":\"Daily Markup #392: Jala Tech poised to enter Vietnam market; How a taxi company evolved into Grab, the super app; RedDoorz on surviving the pandemic &amp; a potential IPO - Markup\",\"isPartOf\":{\"@id\":\"https:\/\/dailymarkup.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/dailymarkup.com\/?p=2804#primaryimage\"},\"datePublished\":\"2021-12-08T07:07:28+00:00\",\"dateModified\":\"2021-12-08T07:08:07+00:00\",\"author\":{\"@id\":\"https:\/\/dailymarkup.com\/#\/schema\/person\/519b865263ce8210988e9676b536923f\"},\"breadcrumb\":{\"@id\":\"https:\/\/dailymarkup.com\/?p=2804#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/dailymarkup.com\/?p=2804\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/dailymarkup.com\/?p=2804#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/dailymarkup.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Daily Markup #392: Jala Tech poised to enter Vietnam market; How a taxi company evolved into Grab, the super app; RedDoorz on surviving the pandemic &amp; a potential IPO\"}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/dailymarkup.com\/#\/schema\/person\/519b865263ce8210988e9676b536923f\",\"name\":\"Ching Yee Ho\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/dailymarkup.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/2a65dd4b61125a19ff989c4d621a9a0a8f9e7d34b0118d60e00ecec7fd41e330?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/2a65dd4b61125a19ff989c4d621a9a0a8f9e7d34b0118d60e00ecec7fd41e330?s=96&d=mm&r=g\",\"caption\":\"Ching Yee Ho\"},\"url\":\"https:\/\/dailymarkup.com\/?author=5\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Daily Markup #392: Jala Tech poised to enter Vietnam market; How a taxi company evolved into Grab, the super app; RedDoorz on surviving the pandemic &amp; a potential IPO - Markup","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/dailymarkup.com\/?p=2804","og_locale":"en_US","og_type":"article","og_title":"Daily Markup #392: Jala Tech poised to enter Vietnam market; How a taxi company evolved into Grab, the super app; RedDoorz on surviving the pandemic &amp; a potential IPO - Markup","og_description":"Fishing in a new pond 500-backed aquaculture startup Jala Tech is three months into GRAFT Challenge Vietnam 2021, a program that supports entrepreneurs from across the globe in solving pressing issues in Vietnam\u2019s agri-food sector. \u201cDuring the GRAFT program we have exposure to the industry itself,\u201d said Jala Tech co-founder and CEO Liris Maduningtyas. \u201cAnd [&hellip;]","og_url":"https:\/\/dailymarkup.com\/?p=2804","og_site_name":"Markup","article_publisher":"http:\/\/facebook.com\/500southeastasia","article_published_time":"2021-12-08T07:07:28+00:00","article_modified_time":"2021-12-08T07:08:07+00:00","og_image":[{"width":1040,"height":780,"url":"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/12\/Jalatech.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Written by":"Ching Yee Ho","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebSite","@id":"https:\/\/dailymarkup.com\/#website","url":"https:\/\/dailymarkup.com\/","name":"Markup","description":"Serving bite-sized news on 500 Southeast Asia&#039;s portfolio companies and insights to fuel your momentum in life and business.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/dailymarkup.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/dailymarkup.com\/?p=2804#primaryimage","url":"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/12\/Jalatech.jpg","contentUrl":"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/12\/Jalatech.jpg","width":1040,"height":780},{"@type":"WebPage","@id":"https:\/\/dailymarkup.com\/?p=2804#webpage","url":"https:\/\/dailymarkup.com\/?p=2804","name":"Daily Markup #392: Jala Tech poised to enter Vietnam market; How a taxi company evolved into Grab, the super app; RedDoorz on surviving the pandemic &amp; a potential IPO - Markup","isPartOf":{"@id":"https:\/\/dailymarkup.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/dailymarkup.com\/?p=2804#primaryimage"},"datePublished":"2021-12-08T07:07:28+00:00","dateModified":"2021-12-08T07:08:07+00:00","author":{"@id":"https:\/\/dailymarkup.com\/#\/schema\/person\/519b865263ce8210988e9676b536923f"},"breadcrumb":{"@id":"https:\/\/dailymarkup.com\/?p=2804#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/dailymarkup.com\/?p=2804"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/dailymarkup.com\/?p=2804#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/dailymarkup.com\/"},{"@type":"ListItem","position":2,"name":"Daily Markup #392: Jala Tech poised to enter Vietnam market; How a taxi company evolved into Grab, the super app; RedDoorz on surviving the pandemic &amp; a potential IPO"}]},{"@type":"Person","@id":"https:\/\/dailymarkup.com\/#\/schema\/person\/519b865263ce8210988e9676b536923f","name":"Ching Yee Ho","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/dailymarkup.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/2a65dd4b61125a19ff989c4d621a9a0a8f9e7d34b0118d60e00ecec7fd41e330?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/2a65dd4b61125a19ff989c4d621a9a0a8f9e7d34b0118d60e00ecec7fd41e330?s=96&d=mm&r=g","caption":"Ching Yee Ho"},"url":"https:\/\/dailymarkup.com\/?author=5"}]}},"_links":{"self":[{"href":"https:\/\/dailymarkup.com\/index.php?rest_route=\/wp\/v2\/posts\/2804","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailymarkup.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailymarkup.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailymarkup.com\/index.php?rest_route=\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/dailymarkup.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2804"}],"version-history":[{"count":2,"href":"https:\/\/dailymarkup.com\/index.php?rest_route=\/wp\/v2\/posts\/2804\/revisions"}],"predecessor-version":[{"id":2807,"href":"https:\/\/dailymarkup.com\/index.php?rest_route=\/wp\/v2\/posts\/2804\/revisions\/2807"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailymarkup.com\/index.php?rest_route=\/wp\/v2\/media\/2805"}],"wp:attachment":[{"href":"https:\/\/dailymarkup.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2804"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailymarkup.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2804"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailymarkup.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2804"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}