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The new facility will be able to produce up to 500 kg of cultured products a day, which is equivalent to 5,000 hamburgers, or one cow.

Founded in 2011 by Mona Ataya and Leena Khalil, Mumzworld sells over 250,000 products for babies, children, and mothers through its web and mobile-based platforms.

Founded in 2019, Jupiter has raised a total of USD 26 million from investors including Sequoia Capital, Matrix Partners, Beenext, 3One4 Capital, and Hummingbird Ventures.

Millennials account for 70% of Carousell’s visitors, and one-third of its revenue is from the sales of secondhand vehicles.

As cubicle dwellers make their ‘departures from big cities’ opportunities follow.

aCommerce claims to be the largest e-commerce enabler in Southeast Asia, with operations in Singapore, Malaysia, Indonesia, and the Philippines.

Mitra Bukalapak, which equips micro-retailers with digitized operations, accounted for 27% of the company’s overall total processing value.

The curtailed target comes after lackluster investor interest in competitor MissFresh’s Nasdaq debut.