Daily Price Movement / General Discussion, page-687

Redseer Southeast Asia partner Roshan Raj Behera said Indonesia’s 2020 e-commerce GMV will reach US$40 billion this year, the third-highest in the world and higher than India’s predicted $38 billion. Last year, India’s GMV was higher at $29.2 billion, ranking third, compared to Indonesia’s $23 billion, which followed suit.

The change is backed by Indonesia’s retail spending, which is 2.5 times higher than India’s, according to Redseer

I had no idea Indo has a higher ecommerce mkt than India
Australia did 21 billion USD in eccomeece sales in 2019 to put in context, so in context australia Is 10 % smaller than all of Indonesia that has 10x.population.


Iou only did 2 million revenue in the last quarter and they made a loss of 800 K growing at 88% quarter on quarter still very early days as they are just finished acquiring licensed to operate in these Asian countries

so ballpark IOU is approx 60 times smaller than zip based on Dec revenues it has a mkt cap of 200 million so is trading on 25x multiple of last quarter revenues when annualised.
Zip mkt cap of 6 billion and 102 million revenue for last quarter and 40 million for Dec is trading on 15x multiple to the quarter revenue and on 13x multiple to the Dec revenue annualised.
Zip is grossly undervalued