As a marketplace merchant using Tokopedia outside Indonesia, here are the pros and cons of Tokopedia’s new payment types

Tokopedia, which launched in 2009, holds a special place in Indonesian entrepreneurship lore because it was a pioneer in the e-commerce space. Its founder, William Tanuwijaya, is also very relatable. Hailing from a middle-class family in Sumatra, Tanuwijaya is a nerdy first-time entrepreneur who used to work at an internet cafe. Tokopedia consistently upholds the … Read more

How Digital Payments are using “Innovation Economics” Differently in Other Countries

East Venture’s Cuaca, however, denies that SoftBank’s situation plays a role in this at all. “Strategising for a path to profitability happened two years ago, long before the WeWork saga,” he claims. Tokopedia declined to answer any specific questions related to its 2019 strategy and performance. “In 2019, Tokopedia managed to grow revenue by three … Read more

Tokopedia bets on Digital Payments to take on Shopee

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

Why the KenCoin (KEN) Isn’t Mint Condition Despite Their Huge Go-Jek Acquisition

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

Covids-19 comparative discussion

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

Nadiem Makarim, New Agile Chief Executive Of Gojek After Leading Their Rise To Global Dominance

On the podcast, Makarim slips into soccer parlance, describing some key individuals at the firm, such as himself, as strikers—the players who score the goals and take risks—while there are others, including merchant head Suliawan, who he sees as defenders. With Makarim moving into politics, Gojek loses one of its most prominent strikers, and an … Read more

Gojek After Nadiem Makarim: How Will His Departure Affect the Company?

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