Data Vantage | HOPE Technik’s 2024 financials and other updates
Edition #501, 4th Sept 2025
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Corry Anestia
Senior Research Analyst, Indonesia
Sept 04, 2025
Dear Reader,
HOPE Technik, a Singapore-headquartered engineering company, recorded a steep decline in its topline and bottom line for the year ended October 31, 2024.
The company’s revenue fell 17.2% year-on-year (YoY) to [redacted] million, revealed its filings to Singapore’s Accounting and Corporate Regulatory Authority. Net profit also plunged 92% YoY to [redacted] million, largely weighed down by higher operating costs.
Breaking down its revenue, the company categorised earnings under “over time” and “at a point in time”. The largest contributor, Engineering Services, which falls under the “over time” category, booked [redacted], marking a 20.7% YoY drop.
In contrast, Maintenance Services revenue rose [redacted] to S$1.4 million (approx. 1 million). Under the “at a point in time” revenue category, Sales of Spare Parts also…
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Indian startup funding holds up in H1 on strong first quarter
Strong deal activity in the first three months (Q1) propped up India’s startup funding in the first half (H1) of 2025, helping offset a relatively weaker Q2 performance, according to the DealStreetAsia DATA VANTAGE report India Deal Review: Q2 2025.
Deal activity in Q1 2025 outperformed with 338 deals, compared with 299 deals in the next quarter. A similar pattern was seen in funding value, with Q1 accounting for 55% of total proceeds in H1 2025, suggesting that large deals were sealed at the beginning of the year.
The 637 deals Indian startups closed between January and June 2025 marked a modest…
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Other updates from DATA VANTAGE
BookMyShow, an online entertainment ticketing platform, swung to a [redacted] million profit in the 12-month period ended March 2024, reversing losses from the previous year. The platform, which is owned by Big Tree Entertainment, also saw its revenue rise 1.25x year-on-year to [redacted] million.
Raena, a Singapore-based beauty social commerce startup, reported a [redacted] loss with revenue declining 7%, according to its financial report for the period ended September 30, 2024. The Alpha JWC-backed company shut down in February after six years of operations.
Blockchain startup [redacted]’s revenue stayed flat at $5.37 million for the financial year ended September 30, 2024. However, the company managed to increase its net profit by…
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