Pomelo to use $1.6-m funding to expand operations :CEO

Just days after securing a a $1.6 million Series A funding, David Jou , the CEO of the Thai online fashion retailer Pomelo, tells DEALSTREETASIA he plans to use the part of the proceeds to launch a sub brand next year, and the rest for expansion to other geographies. Jou says the company, which sells Korean fashion in the sub $100 range, had chosen to launch operations beginning with Thailand, as he considered that country to be the fashion capital of the region. The funding was led by Singapore’s Jungle Ventures along with Skype Co-founder Toivo Annus, 500 Startups, Fenox Ventures, Queens Bridge Ventures and an unnamed major hedge fund in New York.  Edited Excerpts from the interview.

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Following vacancies can be applied for (only in Singapore).   

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.