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Former employees that we spoke to, said one thing is clear throughout iflix’s turbulent journey. The goal is to IPO the business—straight out of Grove’s playbook, who is widely hailed as the king of tech IPOs in Southeast Asia. Seeing land According to one former employee, IPO talks have been revived and the startup might … Read more
The company has retreated from being a global player to a regional one and is redirecting its advertising-based video on demand (AVOD) model to three largest Southeast Asian markets: Indonesia, Malaysia and the Philippines. The AVOD is taken out of China’s streaming giant iQiyi’s playbook, and it is now the primary revenue source for iflix. … Read more
In any moment of significant industry disruption, you go into investment mode. Any startup—iflix, Grab or Gojek—is willing to invest into losses because the disruption in terms of market value is enormous. We are still in the investment mode. And I think we will be like that for the next three to five years,” he … Read more
Besides GCash and PayMaya, Coins is up against a formidable challenger in the form of Gojek’s arch-rival Grab. The Singapore-based company has a virtual monopoly over ride-hailing in Southeast Asia. Its digital wallet GrabPay claims to have seen high double-digit growth in active Filipino users. Interestingly, Grab swooped in with a larger proposal for Coins … Read more
To address this situation, VCs seem to be gearing up to back their existing portfolio companies with bridge rounds or small inside rounds to help them stay afloat for the next 12-18 months. Following Sequoia’s lead, every major VC in India is advising firms to conserve cash and raise as much money as they can … Read more
Other than startups that sell enterprise solutions in the hospitality sector, no other startup that us spoke to reported any significant dip in business. But all these startups were cognizant that it is likely to be just a matter of time. These startups are soon expecting slowing growth and delays or cancellations in sales. Customers … Read more
As consumer activities drop, large-scale layoffs are not just a possibility but simply inevitable. The fact that a lot of people are already out of work or face being permanently laid off will shrink discretionary spending with folks saving money for tough days ahead and restricting spending to healthcare and disaster preparations. Across the board, … Read more
On the podcast, Makarim slips into soccer parlance, describing some key individuals at the firm, such as himself, as strikers—the players who score the goals and take risks—while there are others, including merchant head Suliawan, who he sees as defenders. With Makarim moving into politics, Gojek loses one of its most prominent strikers, and an … Read more