Indonesian D2C commerce startup Hypefast's losses more than doubled in 2022 despite surge in revenue

Indonesian D2C commerce startup Hypefast's losses more than doubled in 2022 despite surge in revenue

Hypefast CEO Achmad Alkatiri. Photo courtesy of Hypefast.

Indonesian direct-to-customer (D2C) commerce firm Hypefast’s losses more than doubled due to a significant rise in expenses, even as revenue soared nearly 100% during the financial year ended December 31, 2022, regulatory filings showed.

Edited by: Joymitra Rai

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