Rocket Internet

In 50 Words: In 2022, 2.9 million shoppers purchased at least one item from Zalora, translating to US$451 million in net merchandise value.

The company previously said that all of its Indonesian stores are profitable.

Picking the right CEO, not relying too heavily on one person, and creating a structured foundation for scale are key to venture builder success.

The Rocket Internet-backed startup has let go of people across the different markets it operates in, the Business Times reported.

Currently, the Singapore-based coffee firm is in the final stages of hitting the second close of its series B round.

Vietnam-based Bizzi said its current monthly value of processed invoices has exceeded US$300 million.

Antler’s Indonesian unit will look at inducting about 10 to 15 startups in its first cohort.

Scaler said it has set aside a dedicated fund of US$6.8 million for mergers and acquisitions. 

XREX also appointed former Standard Chartered executive director Christopher Chye as the managing director of its Singapore unit.

Deskimo has been admitted into the Summer 2021 batch of the Y Combinator accelerator program.