GudangAda

We look at how the SGX-Nasdaq tie-up could shape IPOs. Then we dig into the financials of Indonesia-based B2B ecommerce platform GudangAda.

New subsidiaries set up during the year and a social media push suggest the B2B marketplace’s pivot to the beauty and personal care space is well underway.

Urban areas are already saturated with conventional distributors for mom and pop stores that leave startups little room to work with.

The Indonesian company’s board was also reportedly considering returning capital to investors as it deliberates on the business’ future.

Here’s why these well-funded startups, which serve neighborhood stores in Indonesia and India, respectively, are facing significant challenges.

While the B2B ecommerce firm recorded US$50 million in revenue, loss for the year widened to US$33 million.

We crunch the key numbers in GudangAda’s 2021 earnings report and highlight layoffs at a social media unicorn in India.

In The Checkout this week, we look at the B2B ecommerce company’s financials and dive into the budding ads businesses of ecommerce marketplaces.

The B2B marketplace is making efforts to achieve profitability in the near future but high inflation rates and rising fuel prices may hinder its growth.

We take a look at Indonesia’s soonicorns and their backers as well as the funding round of an Australian no-code platform.