US used car businesses saw growth this year with changing consumer preferences and impact on downstream supply. Similar conditions are taking shape in Southeast Asia, but opportunity does not automatically equal growth.
There are times when what a startup needs to unlock their next stage of growth is not another dose of capital but an industry goliath on the team whose experience can provide fresh insight and radically improve the company’s growth trajectory.
“From my point of view, the only way for us to tackle 25000 islands without doing everything ourselves and doing it cost-efficiently is to go via partnerships,” says Junkai Ng, CEO and co-founder of Janio.
“We [are] the one of very few businesses that are actually doing well during this time. Our traction has grown more than 10x so far and transaction volume also increased, average value per order also increased, brand awareness also has improved significantly…”