Unicorns need to end costly reliance on promotions, say pricing experts

Unicorns need to end costly reliance on promotions, say pricing experts

A GrabBike motorcycle driver, left, and a Go-Jek motorcycle driver wait for orders in Jakarta, Indonesia, on Sunday, Aug. 13, 2017. Photographer: Dimas Ardian/Bloomberg

Asia-based pricing experts may have a prescription for ailing unicorns and worried backers who are seeking answers on how and when cash-burning billion-dollar startups can record a turnaround and be profitable.

It seems the answer lies in staying away from promotions and lock-ins and driving topline growth via other differentiating factors to make customers stick longer or pay more. 

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