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Hello readers,
I’m writing this as a newly married man, with a neat little ring around my finger. My partner and I had been together for over five years before we tied the knot, so the emotional magnitude of this development didn’t really register until the day before the solemnization. Suffice it to say, it’s one of the biggest milestones in my life.
You know what else is a milestone? Going from a loss-making business – especially coming from a sort of high-profile failure – to one that’s making a profit. Today’s premium article examines the journey of Rotimatic creator Zimplistic.
— Winston
The Big Story
Zimplistic flips to a profit in 2021 after troubles
After mounting losses and high cash burn led to Zimplistic’s sale over a year ago, the company has turned around its financials in 2021. Read more.
Trending news
1. Tiger Global leads $50m round of 🇵🇭 crypto exchange
PDAX facilitates the exchange of crypto and fiat currencies, and enables payments in and out of metaverse apps, reported Fintech News Philippines.
2. Ex-Grab employee’s healthtech firm bags pre-series A money
Medici says its insurance business has grown 100% every month since its launch in July 2021.
3. Indonesian SaaS firm nets $5m more in pre-series A round
Majoo said its platform has more than 25,000 active users and has processed US$600 million in transactions to date.
4. This Pakistani health super app’s deck got it pre-series A funding
Find My Doctor is a Pakistan-based medical super app that offers doctor visits, video consultations, lab tests, and medicine delivery.
5. 🇮🇳 Xpressbees turns unicorn with $300m raise
Logistics firm Xpressbees currently operates across 3,000 cities in India and delivers over 1.5 million packages per day.
6. Indonesian tech firm secures $42m from LDA Capital
IndoSterling Technomedia aspires to be the country’s next leading tech unicorn.
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