Does anyone know what is happening at Gojek?
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?
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Alibaba's Lazada Unit Achieves Profitability in July
- 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
3mo ago
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Amazon India's estd P&L: $21.3Bn in GMV, $5.6Bn in revenue (15% B2C take rate), $0.9Bn annual losses
- 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 ju...
Myntra is now EBITDA positive. The crackdown on returns worked :)
I think they'll separate away as an entity just like PhonePe did
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After 16 years of existence should we still call Flipkart a startup?
NewsAnchorStudent1mo
Yulu Achieves $30M ARR and EBITDA Positivity Amid Quick Commerce Boom
- 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 ...
