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Here’s a recap of the hottest news this week!
Top stories
L-R: Lingga Madu and Jeffrey Yuwono / Photo credit Sorabel
1️⃣ Behind Sorabel’s shutdown: could it have been avoided?
Now under administration, the Indonesian fashion startup had been on a path to profitability when Covid-19 broke out, according to its former CEO.
2️⃣ Ex-Honestbee boss gets real estate giant’s backing for new app in the Philippines
Crystal Gonzalez’s Pickaroo raised its first US$5million from the VC arm of local conglomerate Megaworld.
3️⃣ Tesla is looking for a country manager in Singapore
Elon Musk’s company also posted at least seven other positions, including service manager, store leader, and “Tesla advisor.”
4️⃣ Telio founder is accused of breaching fiduciary duty by his previous startup. He denies the claims
We’ve uncovered an ongoing legal dispute between the Vietnamese B2B marketplace’s founder and his previous startup. He’s challenging the allegations.
5️⃣ Oyo founder Ritesh Agarwal to invest up to $5m in startups via new fund
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