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Sky Mavis is back in profit after Axie’s fizzle, and the co-founder of now-defunct Ula is back with a new startup.

Shopee’s rising seller frustration opens doors for niche players. Also: hard lessons from Ula’s ex-CEO on the startup’s final days.

Nipun Mehra returns with a new mission: to give the back office – often the hidden drag on efficiency – an AI boost.

Layoffs and failed deals forced Ula’s ex-CEO Nipun Mehra into his hardest call

In this week’s episode of the 60/40 Podcast, find out what led to Nipun Mehra’s decision to shutter Ula and what he’s doing next.

Why are investors doubling down on B2B bets in India despite recent struggles and shutdowns? Udaan and Jumbotail’s strategies may offer some clues.

Several startups have failed in their bets on Indonesia’s smaller cities, but others have managed to thrive. What’s the formula?

In The Checkout this week, we look at the challenges of those aiming to digitalize Indonesia’s mom and pop stores and discuss Google’s Flipkart investment.

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

The company aims to be “fully profitable on an operational basis across our entire network before the end of 2024,” said co-founder Ashish Jhina.