🧑‍🌾💻 Dewakan, The Best Restaurant in Malaysia Source Their Produce from This Startup

Hey yo, this is micro digest, the daily newsletter that makes you a fresh PB&S sandwich each day.

That's right, pineapple, banana and SEA. And we even cut the crust off for you, just the way you like.

Let's get it with today's issue. It's sandwich time!

Here's what we got for you:

• 🌊 The SEA - Secai Marche - The online marketplace that's used by the best restaurants in Malaysia

• ⛵ SEAppets - Tokopedia f*cked up

• 💰 SEA Deals  

• 🖼️ AI Image of the day

• 🐣 Tweet of the day

Markets 📈

So I was looking at the latest deals in Southeast Asia when I came across Secai Marche (awesome name btw), a farm-to-table fulfilment platform serving farmers in Japan and Malaysia who just raised USD $1.6 million in a Series A funding.

So I think to myself "Ok which restaurants are using their service?🤔"

To my surprise, some of the best restaurants in Malaysia are using them, including one Michelin Star restaurant, Dewakan.

🤷‍♂️ Who is Secai Marche?

• Founded by Ami Sugiyama, Secai Marche is an online marketplace that connects farmers with restaurants in Japan and Malaysia

• There are a few challenges in the food service distribution industry in Southeast Asia that Secai Marche is trying to solve

• It's highly fragmented and inefficient, making it difficult for restaurants to source high-quality products from all around the world

🧑‍🌾 How it works

• Sercha Marche solved these problems by being a one-stop solution for restaurants

• The company helps smooth bumps along the F&B supply chain with its in-house software, like a warehouse management system and demand forecast for perishable items

• Over 4,000 items are available on the platform from farmers in Southeast Asia and Japan, including vegetables, fruit, eggs and seafood

💰 Funding

• So far, Secai Mache has raised a total of USD $4.5 million

• The proceeds were used to build out its warehouse management and fulfilment system for perishables and establish a cold supply chain from farm to end-users that covers over 300 farmers

• The latest funding will be used to develop Secai Marche’s demand forecast system and optimize truck routing as it expands its service areas

🏁 Players

• Eden Farm

• Kamereo

• FreshKet

Ok I guess it's time for me to head over to Dewakan to learn more about this startup nam sayin' 😉

SEAppets ⛵

1. Tokopedia f*cked up. The e-commerce arm of Indonesia-listed Goto has apologized for a voucher mishap which has led to several transactions being declared void. The company had launched a discount voucher worth 100,000 rupiahs (USD $6.70) on a transaction of at least 150,000 rupiahs for customers of UOB's digital bank TMRW but the glitch ended up letting anyone use it. Tokopedia has offered 5,000 rupiah compensation to affected sellers.

2. Headquartered in Singapore and listed on the NYSE, TCDX, the business process outsourcing company is expecting to see its revenue for 2022 grow by 18% to 21% year on year. Although layoffs have been sweeping through the tech industry, TCDX continues to see demand from its high-growth clients which include Meta and Airbnb.

SEA Deals 💰

1. In April 2019, Indonesia's commercial bank Danamon was acquired by Mitsubishi UFJ Financial Group subsidiaries, MUFG Innovation Partners and MUFG Bank. Now MUFG launched a USD $100 million fund in partnership with Danamon to make strategic investments in Indonesian companies that are expected to have synergies with Danamon.

AI image of the day 🖼️

Welcome to Chucky's!

Tweet of the day 🐣

Attention is the new oil

That's a wrap for today. See you all tomorrow! 👋