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Besides, after Covid-19 broke out, RWAs (Resident Welfare Associations) have been against allowing outsiders into apartment complexes. This stance will likely stymy even those who continue to take bookings on the platform. Airbnb’s dependence on inbound travel, say industry executives we spoke with, will also make things tougher. With this channel cut off, it must … Read more
However, in all fairness, valuation is a company’s prerogative and it’s up to potential investors to accept or reject the investment, says pitchIN’s Shafie, who recalls that sales conversion startup SalesCandy raised RM1.5 million (US$350,000) through his platform in October 2017 across 54 investors at a pre-money valuation of RM2 million (US$460,000). At that time, … Read more
“People ask me what is the difference of investing in a company through ECF and directly into a company. It’s quite the same, except with ECF, you can invest in small amounts and then repeat that with different companies to diversify your investments,” says Shafie. But the truth is, awareness about ECF is still low, … Read more
In the case of Biztory, besides equity, it also offered its investors—most of them are entrepreneurs—the reseller rights to distribute its accounting software, giving them skin in the game. As shareholders of the company, these investors now feel more compelled and incentivised to help push the startup’s products to their fellow SMEs. If the company … Read more
Orders placed on LazMart Philippines, usually scheduled for next-day deliveries, now take one to two weeks to arrive. Staffing is also a problem for many delivery services in heavily-quarantined markets. Many workers in the Philippines had decided to stay home just as panic buying set in before the lockdown. Filipino consumers flocked to supermarkets to … Read more
For those such as Zalora, the motivation is clearly survival—and not just for the duration of the lockdown. As a Zalora supplier put it, “A pandemic-induced recession will likely push consumers to tighten their belts”. The supplier requested anonymity for fear of upsetting the company. But for the likes of Grab—which was expanding to grocery … Read more
That will certainly ring a bell for HOOQ, which has felt the presence of Netflix since 7 January 2016, when it switched on its service in 130 new countries overnight. Its worldwide reach excluded only China, Crimea, North Korea, and Syria. “Netflix sprang it on everyone by launching overnight. No one knew it was coming,” … Read more