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Hi readers,
Does anyone feel more exhausted during the holiday season? Well, I do. From the Christmas-time cleaning to the decorations, the cooking, and – of course – the dinners with family and friends, the list can be as long as Santa’s unending list.
This year my “to-do” list grew even bigger with tasks that I couldn’t get done all year. While I am happy that I managed to get things done, my desire to just slouch on my couch has grown exponentially.
Even stepping out for grocery shopping seems tedious.
Thankfully, there are online grocery delivery services that are as efficient as Santa’s helpers. Speaking of which, Santa isn’t the only one that can pull off the color red. RedMart, an e-grocer in Singapore, slays in it. LOL!
Puns aside, the company posted a nearly 50% growth in revenue in its most recent financial report. The Lazada-owned firm saw growth rebound after a year of stagnation.
A pandemic-driven boost has put the company back not only on track to revenue growth but also on the path to profitability.
While it has come close to achieving profitability in the 2021 financial year, will its efforts be enough for the company to deliver a net profit soon?
The answer to that will be revealed later this year. On that note, here’s wishing everyone a happy and prosperous New Year!
— Collin Furtado, News Editor at Tech in Asia
Top stories this week
Illustration: Maria Chimishkyan
1. RedMart’s revenue sees revival after year of stagnation
The Covid-19 pandemic gave RedMart a boost in FYE 2021, but will it be enough to help the company bring in net profits?
2. Why Traveloka may have been wise to give up SPAC route
The company remains committed to going public, and given the waning enthusiasm for SPACs, a traditional listing might be the best path to take.
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