Krzysztof Marszalek
The Ensogo bombshell: Quits SEA e-commerce space, CEO resigns
A mere two months after speaking confidently of its latest pivot, Ensogo CEO Krzysztof Marszalek has stepped down and the company is closing all its SEA e-commerce units. Karamjit Singh has the story, including why this is a rare failure for Patrick Grove.
Massive layoffs at Ensogo (again) as it retools (again)
Ensogo Ltd has cut its staff strength from 600 to under 300 in the first three months of this year, restructuring its business after reporting widening losses for its 2015 financial year.
DNA on BFM: A tale of three marketplaces
Today’s segment saw Karamjit Singh talking about his conversation with Ensogo CEO Krzysztof Marszalek, about Shopee introducing its own ‘university,’ and about SushiVid trying to create a marketplace to connect brands to YouTubers.
Ensogo raises another US$30mil by issuing 183mil new shares
ASX-listed e-commerce company Ensogo Ltd has managed to raise another A$38 million (US$29.7 million) from institutional investors, by issuing 183 million new shares.
Ensogo raises additional US$7.6mil from HK-based Ward Ferry
ASX-listed Ensogo Ltd said it has entered into an agreement with WF Asian Reconnaissance Fund Limited (Ward Ferry, a fund managed by Ward Ferry Management) for the placement of 58,823,530 new Ensogo shares to Ward Ferry at a price of 17 Australian cents (US 13 cents) per share.
China’s Vipshop takes 12.2% stake in Ensogo
E-commerce company Ensogo Ltd, formerly iBuy, said it has secured a strategic investment from China’s online discount retailer Vipshop Holdings Ltd. Vipshop will take a 12.2% stake in Ensogo by being issued with primary shares.
Ensogo lays off staff across the region
Ensogo, formerly known as iBuy, has moved to downsize its operations across the region with significant numbers of staff being laid off in multiple markets.
Ensogo rolls out inhouse-developed BPM solution across its ops
Ensogo Ltd, formerly iBuy Group Ltd, said it has deployed a fully integrated business process management solution to drive operational efficiencies across its business.
Week in Review: Asking the right questions
In a week when Khailee Ng shared what he looks for when making investments, and a small hardcore team of grouchy tech journalists raising, Disrupt #25 will delve into ‘What are the right questions for investors to ask?’, so DNA founder Karamjit Singh chips in with his two cents’ worth too.
iBuy under pressure, board orders US$216K monthly opex cut
Despite being ordered by the board to cut A$250,000 a month in opex and witnessing its share price take a dive over the last three months, the soon-to-be rebranded iBuy Group is in the best financial shape ever, claims its new CEO Krzysztof Marszalek.
