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In grocery—seen as the next big opportunity for online businesses looking to lap up India’s retail pie—kirana stores are an invaluable asset. While the Indian grocery market is worth upwards of $550 billion, according to retail consultancy Technopak Advisors, the organised sector is barely a drop in the grocery ocean. Just some $21 billion, according … Read more
“Amazon is the one everyone should be worried about,” a senior venture capital executive, who has invested in online retail startups in Southeast Asia, told us. “The wonderful headstart that e-commerce companies in Southeast Asia have enjoyed is because Amazon hasn’t come… yet.” Amazon declined to comment on its expansion plans past and present for … Read more
Grab is the proxy for SoftBank’s efforts to tap Southeast Asia’s growth potential. Although its Vision Fund hasn’t made further investments in the region, CEO Masayoshi Son has described the $100 billion vehicle as a collection of winning tech companies that will work closely together. OYO tried to crack Southeast Asia before without success, now … Read more
The price hike coupled with reduced capacity has seen domestic air travel in Indonesia dip for the first time, Brendan Sobie, a Singapore-based independent aviation expert, told us in a phone interview. “I expect domestic passenger traffic in Indonesia to be down nearly 20% this year, based on the capacity figures for 2019 vs 2018 … Read more
The sole remaining outsider was AirAsia. The Malaysian budget airline’s Indonesian branch only accounted for a slim 2-3% of domestic flights, but when Lion Air Group and Garuda made a pact to stop selling discounted seats, the cheap tickets still offered by AirAsia on a few routes stood out. So, Garuda, leveraging its status as … Read more
It also wants to make big investments in cloud kitchens, a form of business that rents out fully functional kitchens to restaurants. Foodpanda is aiming to go from the “handful” of cloud kitchens it operates now to 100 in the region in 2020. Cloud kitchens represent a critical new phase in the evolution of food … Read more