“What is our core competency and what will the world look like post-Covid? We’re still not sure if it will be a big success,” says David Soong, co-founder of Indonesia-based photography startup Sweet Escape. The artificial intelligence (AI)-driven platform connects photographers with customers who want professional photos. Survival. Sustainability. Cost-cutting. The startup tenet of ‘growth…
Pivoting in 3, 2…: The post-Covid outlook for four Southeast Asian startups
Startup founders have been forced to choose survival over growth. With the future decidedly uncertain, companies have had to figure out new ways to offer their services
Some of Southeast Asia’s largest companies have had to let staff go and restructure businesses
Early-stage startups have it worse; funding deals have fallen through and the outlook is bearish
But the pandemic has also opened up opportunities that may endure long after the outbreak passes
Startups are looking beyond the pandemic; will they still be in business when the offline market rebounds?