Lazada, Alibaba's Southeast Asian ecommerce unit, turned EBITDApositive for the first time in July, marking a significant milestone for the company.  CEO James Dong announced the profitability mile...

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- Lazada, Alibaba's Southeast Asian e-commerce unit, turned EBITDA-positive for the first time in July, marking a significant milestone for the company.
- CEO James Dong announced the profitability milestone in an internal meeting, attributing it to effective business strategies and ongoing investments in Southeast Asia.
- Alibaba reported that Lazada's loss per order had narrowed significantly due to better monetization and reduced logistics costs.
- Despite not breaking out Lazada's financials, Alibaba's international e-commerce division posted a wider adjusted EBITDA loss of $1.12 billion in the latest fiscal year.
- Lazada continues to face stiff competition from Amazon and Sea's Shopee in the Southeast Asian market. 

 Source: [Marketwatch](https://www.marketwatch.com/story/alibaba-s-lazada-unit-turned-ebitda-positive-in-july-b63b72cd)

Alibaba's Lazada Unit Achieves Profitability in July

Journalist

Alibaba's Lazada Unit Achieves Profitability in July- Grapevine

I’ve heard some worrying rumours from Indo-based folks about possibility of layoffs in upcoming weeks/months. Does anybody know what’s going to happen or have an inside scoop?

Does anyone know what is happening at Gojek?

Product Designer

Welcome to Indian Startups's Private Community

- Overall, Indian eComm is now $120Bn in size 
- Continues to be Amazon's fastest growing foreign market going into the closing of this year. 
- FY23 was an impact of Covid baked in growth. 
- Amazon would be quite okay with losing just $900Mn annually for the opportunity this presents

Amazon India's estd P&L: $21.3Bn in GMV, $5.6Bn in revenue (15% B2C take rate), $0.9Bn annual losses

Investment Associate

I think they'll separate away as an entity just like PhonePe did

Fashion ecommerce major Myntra claimed that its marketplace entity has turned EBITDA positive “since the last quarter of calendar year 2023”.

Myntra’s Marketplace Entity Turns EBITDA Positive In Q4 2023

Myntra is now EBITDA positive. The crackdown on returns worked :)

Growth Manager

https://www.google.com/amp/s/m.economictimes.com/tech/technology/flipkart-india-logs-9-revenue-growth-at-rs-55823-crore-losses-widen-by-42/amp_articleshow/104644333.cms

Flipkart losses widen by 42% to Rs 4,845.7 crore. Total loss of Flipkart  since inception now amounts to Rs. 12,600 crore. And we are talking about  the flag bearer of India's success story 's performance in 16th year since its inception

After 16 years of existence should we still call Flipkart a startup?

Sales Manager

Software Engineer

- **Yulu** reports crossing **$30M ARR** and turning **EBITDA positive** due to increased demand for quick commerce and supportive government policies.
- The company, with over **40,000 electric vehicles**, plans to deploy **100,000 EVs by 2025** and raise **$100M in Series C funding** for expansion.
- Last year, Yulu raised **$82M in Series B funding** led by US-based Magna International and Bajaj Auto.
- Yulu facilitates over **20M deliveries per month**, saving 30-40% cost compared to traditional fuel vehicles.
- The company's growth is supported by its battery-swapping network, **Yuma Energy**, and partnerships with quick commerce players like Zomato, Zepto, Blinkit, Swiggy, among others.

Source: [Inc42](https://inc42.com/buzz/yulu-turns-ebitda-positive-breaches-30-mn-arr-on-rising-quick-commerce-demand/)

Yulu Achieves $30M ARR and EBITDA Positivity Amid Quick Commerce Boom

Dukaan turned profitable

Isne Twitter post auto trigger pe rakh diya tha. 
  
 if profit > 0 { 
  postOnTwitter(); 
  } else { 
  initiateLayoffAndCreatePostOnAI(); 
 }

Generalist

Welcome to Office Gossip's Private Community

Absolutely sad to see the state of the startups, most of them.
I am a founder myself, and this is a post with equal disappointment with myself as much as it is for anyone else who relates.
Look at all these companies that have raised shit tons of capital, and now make a fraction of money that has been invested in them.
The raised money is spent on outsized, non business sense making acquisition costs, only to keep repeating it till the tap runs dry.
Then when all stakeholders get bored, the service quality plummets, the employees are fired and whole sectors are admonished as being bad.

But, my question is, which sector where large sums of money was invested in early days have come out with flying colours. Fucking nothing !
Edtech, proptech, agritech, ecommerce etc. etc. etc. kuch bhi nahi. 

Is there any sector where a startup which has raised in the 100s of millions in the first 5 years have actually built a sustainable business at any scale ?
Then scaling down, isse acha, scale slowly.
The worst part of this whole drama, is pushing the innovation wheel backward and destroying customer sentiment.

Isse acha, raise less money inititally, build slowly, and only scale when the market is ready. Artifical growth makes no sense, unless you have a treasure chest that shall never run out.
Even in that case, spend the money on assets and not on random acquisition costs, direct or indirect.

As founders, let's do better, nahi ?

Rant or is it ?

Founder

Swiggy hits EBITDA profitability on its food delivery business. For context, Zomato turned EBITDA profitable in their last quarter (food delivery) as well. Thoughts?

How is Snapdeal doing these days? Did they layoff in this ongoing wave? Are they profitabile yet?

Snapdeal

To all the founders/builders out there who have not yet been successful!

Corporate Strategist

I know this might be a one off, but even if they are close to profitable/break even quarters, this can become a strong business

Big if true, given Meesho’s scale

I dont trust a single words come out of the CXO’s mouth in case of startups. All bullshiting and hyping

Engineering Manager

Product Manager

- Most VCs are fraud, they never make any money and keep shifting from one fund to another to hide that they never made anyone any money. 
They also have usually no real input to add. 
They are no subject matter except negotiations which too mostly they just prey upon any founders. 

It's a thankless asset class. Most founders will always hate it as they will never get a dollar and most investors hate it as they will never net a dollar. 

Never chase VC, they are supposed to find opportunity .. Chasing them is useless, they judge you for it. 
So treat them from first day like your ex. Gf/bf. 

- Most tech startup founders are fraud,  they never make any money and keep shifting from one idea to another to hide they never made anyone any money. 
it usually takes 20 years to make a real $100 million dollar revenue company, but 20 months to be a unicorn. 
Any unicorn today is priced according to what they would make after 5-10 years... Yeah right. 

- Making real money is hard. Making fake money is easy. 
99% of startup Esops are fraud
If the company is homerun, then they won't get you stock easy. 
If the company is maybe homerun, they won't give you cash easily. 
If you get free cash and esops, just imagine it's an 18 month project. 

- Most of the humblebrags are fraud as half of them don't even understand the fine print of what they think is real money but not. 

- Most of the people who usually ask for change have no intention for it. They want to be seen as leaders, change is hard, negotiated and cried for. 

- you only live once. Go hard.. No one like people who have too much to talk but nothing to show.

Some observations after 10+ years of being in the system

Unlike Flipkart, Zomato, Razorpay, which are essentially ripoffs, which startup is actually original ideas? Perfios? Udaan?

Which startup is a genuine original idea?

Welcome to Software Engineers's Private Community

Left Gojek around 6 months ago. I was hoping that there will be some positive price movement given a lot of folks were literally saying "wait for the end of year, when we become profitable". 

I have been tracking the price passively but seems like its only going downhill. My ESOP value is another related sob story. 

It seems like there is a much longer wait. How is the mood at the org? Is there a silver lining?

Alibaba's Lazada Unit Achieves Profitability in July

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