Tokopedia, Lazada, Shopee, and other firms created an e-commerce market in Indonesia in the past decade, making it possible for consumers to shop online in the island nation. But as is true in other Asian markets, most small retailers and mom-and-pop stores in the Southeast Asian country still face a myriad of challenges in sourcing inventory and working capital, and continue to rely on an age-old supply chain network. Nipun Mehra, a former executive of Flipkart in India, and Derry Sakti, who oversaw consumer goods giant P&G’s operations in Indonesia, began to explore opportunities to address this in 2019. “Much like India, much of the Indonesian retail market is unorganized.
Similar Stories to Ula Raises $20 Million To Expand Its E-commerce Marketplace In Indonesia on Bing News
Manish Singh, TechCrunch
Thu, 01/28/2021 - 2:36am
Topics: tokopedia lazada shopee southeast asian p&g s much techcrunch january with ula riky tenggara alan wong dan bertoli on thursday lightspeed seed if managing partner additionally frictionless kabir narang founding general partner indian udaan amod malviya vaibhav gupta sujeet kumar electronics b2c b2b sumatra gdp quona s a indonesia asian mehra nipun mehra flipkart india sakti derry sakti mehra sequoia capital india ula ula ganesh rengaswamy series a quona capital b capital group i ula s fmcg quona quona asia ula million e-commerce supply working sell shops inventory network technology customers goods consumers sourcing stores including lots food existing focus side co-founders include offerings credit screen interview investors efficiently
BING NEWS:
- India's e-commerce market set to soar to $325 billion by 2030, anticipates 500 million online shoppers: Report
India's e-commerce landscape is on the cusp of a monumental transformation, poised to skyrocket to a staggering $325 billion by 2030, according to Invest India. This surge coincides with the ...
04/28/2024 - 9:15 pm | View Link - Walmart Enhances E-Commerce Offerings for Marketplace Sellers
Additionally, Alibaba.com debuted a logistics marketplace to match SMBs with freight forwarders that provide tailored logistics services.
04/18/2024 - 10:00 am | View Link - More
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