Dear readers,
What happens when a startup gets big and then acquired? Well, people become rich. But more than that, they go on to start new companies.
In recent years, we’ve seen this very thing happen to ecommerce major Lazada. Which is why we thought it was a good time to document the growing Lazada mafia.
What’s interesting is that many key Lazada executives have gone on to front new ecommerce startups, no doubt tackling problems they’ve observed at their previous jobs. Others have chosen to enter new fields entirely.
Whatever the case, the Lazada DNA no doubt will have a strong influence on these new companies. We wish them all the best.
Speaking of ecommerce, we’ve tracked the rise of same-day delivery in Southeast Asia. Gojek and Grab have something to do with this trend, but a lot of it comes down to how ecommerce websites are improving their logistics operations. It’s likely same-day delivery will remain niche, though. Read the story to find out why.
For more insights on the latest ecommerce trends in Southeast Asia, do subscribe to us – unless you’re satisfied with the uninformed coverage from the general news media (using traffic numbers to say who’s the top ecommerce site in the region just shows a lack of nuance).
Check out the rest of our premium reads from the past week:
Startups galore
- Rising startups on Tech In Asia: sustainable food, motorcycle parts, and more
- How Laku6 is powering Indonesia’s used-phone market
- What’s next for fintech pioneer Red Dot Payment after its sale to Naspers
- E-scooter services are fighting a multifront battle for survival in Singapore
- New Singapore VC firm to invest over $940k in agrifood over the next 3 years
Unicorn sightings
- Commentaries: This unicorn had an exceptional quarter 📈
- Meet the 50 top-funded startups and tech companies in China
Practical reads
- Your tech company needs a lobbyist-in-chief
- Instagram’s head engineer on what makes a great engineering team
Stuff you may have missed
- An analysis of Gojek and Grab’s valuations and profitability prospects
- Singapore has a new tech billionaire
- The irresponsible demise of Honestbee
Cheers,
Terence
Chief Editor
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Daily news roundup – February 8
KoinWorks names ex-ABN Amro exec as CFO
Banks smiling, startups sweating with Indonesia’s new payment systems underway
SG blockchain-based carbon credit marketplace secures $1.5m
Bukalapak leads $3.2m funding for Indonesian warehouse startup
Sea Group’s financial health in 8 charts
Indonesian fintech firm KoinWorks lays off 70 employees
Grab digibank head Reuben Lai to exit post (Update)
SOSV backs 5 startups as part of latest Orbit cohort
Shein trials B2B ecommerce service in Brazil
Editing by Eileen C. Ang
(And yes, we’re serious about ethics and transparency. More information here.)