Indonesian B2B marketplace GudangAda's revenue soared 10x, losses jumped 63% in 2022

Indonesian B2B marketplace GudangAda's revenue soared 10x, losses jumped 63% in 2022

GudangAda, an Indonesian B2B marketplace, which connects neighbourhood stores or warungs with wholesalers and brands, reported a more than 10x jump in revenue year-on-year to $50.5 million during the financial year ended December 31, 2022.

Edited by: Joymitra Rai