From Seize to GoTo, Southeast Asia’s startups climate funding winter

SINGAPORE — When Seize Holdings, Southeast Asia’s largest ride-hailing operator, introduced its first quarterly internet revenue final month, it was alleged to sign the corporate’s resurrection.

The $11 million revenue within the three months to December was a milestone, the primary time within the black since Seize’s founding over a decade in the past, and up from a $391 million loss in the identical interval a 12 months earlier. The corporate additionally introduced its first-ever inventory buyback plan of as much as $500 million.