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As Covid-19 wipes out ride-hailing, Myanmar’s Oway turns to online groceries

  • Portfolio company
  • July 27, 2020

By Jeremy Soh, Anqi Chen, Weisheng Neo

Tags: Data, Consumer Insights

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“According to Kumar, Oway Fresh’s gross margin is currently in the double digits. Without sharing specific financial details, he says that the business aims to double its numbers month on month for the next six months.

While Kumar is confident that the company will be able to make a business out of Oway Fresh, as it already did with Fleet and Travel and Tours, he says a key challenge right now is whether it can become sustainable after the pandemic dies down.”

Read more at https://www.techinasia.com/covid19-wipes-ride-hailing-myanmar-oway-turns-online-grocery

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