Rotimatic maker doughs out losses, burns through its cash reserves
Singapore
LOCAL startup Zimplistic made headlines in 2016 with its invention Rotimatic, an automated kitchen appliance that makes Indian flatbread or roti.
By the time the machine was shipped out to its first batch of customers that year, it had already spent the eight preceding years in development. But a decade after the company's founding, the buzz in 2016 has turned into a pressing question of how long it will be before the business can become sustainable.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Startups
A cheat sheet of startup and tech M&As in South-east Asia
Zilingo ex-CEO’s criminal complaint is retaliation against whistleblowers: source
Gojek and ComfortDelGro Taxi to send untaken rides to each other’s platforms
SG fintech firm Bambu shuts down after missing profit targets, says founder
Telemedicine platforms evolve beyond virtual consultations
Funding concentration seen in emerging tech startups: SGInnovate report