A mere two months after speaking confidently of its latest pivot, Ensogo CEO Krzysztof Marszalek has stepped down and the company is closing all its SEA e-commerce units. Karamjit Singh has the story, including why this is a rare failure for Patrick Grove.
Ensogo, formerly known as iBuy, has moved to downsize its operations across the region with significant numbers of staff being laid off in multiple markets.
Economic reality bites Internet companies, and the final DNA-TeAM Disrupt of 2014 advises entrepreneurs to raise their next round – fast.
Ensogo Ltd, formerly iBuy Group Ltd, said it has deployed a fully integrated business process management solution to drive operational efficiencies across its business.
In a week when Khailee Ng shared what he looks for when making investments, and a small hardcore team of grouchy tech journalists raising, Disrupt #25 will delve into ‘What are the right questions for investors to ask?’, so DNA founder Karamjit Singh chips in with his two cents’ worth too.
Despite being ordered by the board to cut A$250,000 a month in opex and witnessing its share price take a dive over the last three months, the soon-to-be rebranded iBuy Group is in the best financial shape ever, claims its new CEO Krzysztof Marszalek.
Digital News Asia (DNA) continues a weekly series that profiles the top 50 influencers, movers and shakers who are helping shape Malaysia’s Digital Economy. These articles are from Digerati50, a special print publication released in January 2014. For information on customised reprints of Digerati50, email [email protected]
As South-East Asian countries once again face the haze, Singapore-based online shopping platform Deal.com.sg said it would provide a platform for its customers in Singapore and Malaysia to make a donation in support of the fight against haze.
Shows that local startups can compete against global players Shows power of management team with equity over hired guns
DNA founder Karamjit Singh talks to an iBuy director from Hong Kong on the importance of its sourcing strategy in the path to profitability.