247 Job News Saifudin Hidayat: The investors powering SEA’s ecommerce firms

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Khamis, 30 Jun 2022

The investors powering SEA’s ecommerce firms

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The investors powering SEA’s ecommerce firms

“My friends went there last week and haven’t come back. It’s not a good place.”

This is a summary of a review on Google Maps for Ikea’s sparkling new outpost in my city, Bengaluru. The post is now part of a legion of jokes surrounding the launch of the Swedish retailer’s biggest store in India, an event marked by an air show with over 500 drones.

Did the retailer get the response it wanted? Well, to get inside the store, it takes an average of three hours, and the memes on the hordes of people standing in queues continue to flow in, so you be the judge of that.

Pictures of the crowds have eased my FOMO, as has the fact that I write this sitting on sheets from Ikea and eating out of the Ikea bowls I bought online. Living in the age of ecommerce definitely has its perks: I’ve had these products long before Ikea even announced it was opening a brick-and-mortar store in my city.

Today’s edition of the newsletter salutes the investors who enable the magic of ecommerce.

-- Nikita

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