Khamila Mulia
Stories by Khamila Mulia
After hitting positive adjusted EBITDA, GoTo expands strategy beyond e-commerce
The company also announced a buyback programme, which is expected to boost its stock performance gradually.
SG-based Una Brands’s losses widened 10x in 2022 despite nearly 9-fold revenue jump
The losses were mainly on account of a significant rise in distribution, marketing, and administrative expenses.
Indonesian P2P lender Modal Rakyat business model faces scrutiny as lender files lawsuit
Modal Rakyat provides productive loans for micro, small, and medium enterprises.
Indian IT services provider Coforge withdraws US IPO plan
The company was previously backed by BPEA EQT.
Indonesia’s logistics tech startups brace for consolidation amid tight market
Kargo is looking to partner The Lorry while JNE is reportedly acquiring AnterAja.
After first annual profit, Sea eyes continued momentum amidst competitive pressure
The overall Sea’s shopping business can break even in the second half of this year, says CFO
Sea posts first annual profit in 2023 as Shopee clocks strong revenue growth
However, Sea posted a loss of $111.6m in Q4 2023—the second loss-making quarter last year.
Earned Wage Access startup wagely raises $23m led by Capria Ventures
The investment comprises a mix of equity and debt financing.
GoTo bolsters on-demand, fintech focus post Tokopedia deal, reignites competition
Over the past decade, Gojek and Grab have been competing directly in segments like mobility and deliveries.
Indonesian agritech EdenFarm said to be in talks for potential acquisition, pauses operations
The company is said to be in talks with peer Sayurbox although no decision has been made yet.
