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CloudEats, a cloud kitchen startup that operated in Indonesia and the Philippines, has shut down its operations after less than two years in the market. Rishabh Singhi, the former chief operating officer of RedDoorz, a budget hotel booking platform in Southeast Asia, founded the company. CloudEats aimed to provide a […]
MDI Ventures leads Series A round in growing online food delivery market Indonesian cloud kitchen startup Legit Group has raised $13.7 million in a Series A funding round led by MDI Ventures and participated in by Sinar Mas Digital Ventures (SMDV), East Ventures, and Winter Capital. Legit Group raised $3 […]
PT Goto Gojek Tokopedia, Indonesia’s most prominent tech firm, has announced another round of layoffs to boost the company’s profitability. The company said around 600 roles would be affected following the 1,300 jobs cut last year. The releases are part of the company’s efforts to streamline its organization and make […]
Rebel Foods, a cloud kitchen startup operating under brands such as Oven Story, Behrouz Biryani, Sweet Truth, and Faasos, has laid off around 2% of its employees. The company, which Sequoia backs, said that the layoffs resulted from an annual performance evaluation and realigning the organization to align with the […]