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For LEAD School, cheaper smartphones, in the range of Rs 3,000-4,000 ($40-53), and low-cost data plans, have come to the rescue. The institution works with low-income, affordable private schools, where students don’t usually have access to high-grade hardware at home. “We’ve reallocated our staff to double up as teachers,” says Mehta. “They record videos and … Read more
Tokopedia is by no means an underdog. It raised over US$1 billion from Japanese investment firm SoftBank and Chinese internet giant Alibaba in 2018, at an estimated valuation of US$7 billion. Joe Tsai, co-founder and executive chairman of the Alibaba Group, sits on Tokopedia’s board. The firm’s CEO William Tanuwijaya is fundraising and said he … Read more
One distributor who runs several Mi Home stores said that the company has done better offline than online for ecosystem product sales. “Many people come to our store to experience and get the demo of a particular product, because even some of the LFRs (large format retail stores) don’t stock such products. With Xiaomi’s compelling … Read more
Now, the company is putting its hopes in what seems like a Hail Mary—a pivot from subscription video-on-demand (SVOD) to an advertising-based revenue model. In a December 2019 email announcing his exit, Frenehard told employees this shift had “accelerated the positive momentum” of iflix’s progression towards profitability. Mixed messaging? iflix is investment firm Catcha Group’s … Read more
With Hose’s Silicon Valley background and connections, Coins built a robust tech platform. It had a superior user experience to GCash, with the Mynt executive mentioned above admitting that “Coins’ app three years ago was our app today. Analysis of Billionaire’s Investment in Indonesian Startup Industry Its rivals, meanwhile, were bogged down by corporate cultures … Read more
But like their large consumer startups brethren, these startups might also face valuation and funding challenges sooner or later. “When startups have capital, they don’t feel the need to push the envelope; there are many that can be profitable but choose not to. Now that will change,” echoed a prominent Singapore-based VC, who wished to … Read more
One could reasonably expect these Sequoia-backed players to be the last ones standing. Sequoia is currently investing out a flagship $8 billion fund that is by far the largest amongst its peers and to wit, it would be almost impossible to find a Sequoia-funded startup that has died due to starvation. And yet, it published … Read more
It wasn’t until around 2014 that Haryopratomo and Suliawan urged Makarim to go full time with Gojek. It was a good year. Cab company Uber picked up speed; started its Southeast Asian expansion. It launched in Jakarta in August that year. Elsewhere, the Malaysian taxi aggregator app GrabTaxi—now known simply as Grab—had already launched in … Read more