Singapore’s edtech platform Geniebook achieves profitability; expands with acquisitions

Singapore-based edtech firm Geniebook has achieved three straight quarters of profitability and has expanded its hybrid strategy with two major acquisitions. The firm said in a statement on Thursday that the firm has reached a significant financial milestone by achieving positive cash flow over the past three quarters. This success is largely attributed to its online offering, which saw a record number of enrolments at the end of last year.

Finding startup profitability in Southeast Asia’s digital landscape

In recent years, the startup business landscape has experienced a challenging time, a so-called “tech winter,” a period when startups are facing a tougher fundraising climate and persistent inflation. This phenomenon has prompted startups to pivot towards building more sustainable business models focused on driving profitability.

Building Chickin: From farm to industry leader

Chickin began with three college friends sharing smashed fried chicken, an Indonesian regional cuisine called ayam geprek, and a passion for creating a real, positive impact in Indonesia: Tubagus Syailendra, Ashab Alkafi, and Ahmad Syaifulloh Imron.

Indonesian beauty firm turns US$40k investment into profitable business in two years

Around a decade ago, best friends Cindy Angelina and Kezia Trihatmanto studied together at Pepperdine University in Los Angeles. The two had known each other since childhood, and their friendship has sparked a revolutionary idea for the beauty industry in their home country of Indonesia.