{"id":604,"date":"2020-10-22T00:00:00","date_gmt":"2020-10-22T00:00:00","guid":{"rendered":"https:\/\/dailymarkup.com\/2021\/07\/21\/durians-daily-115-with-over-20-modules-grabs-merchant-academy-trains-entrepreneurs-to-grow\/"},"modified":"2021-07-23T07:39:02","modified_gmt":"2021-07-23T07:39:02","slug":"durians-daily-115-with-over-20-modules-grabs-merchant-academy-trains-entrepreneurs-to-grow","status":"publish","type":"post","link":"https:\/\/dailymarkup.com\/?p=604","title":{"rendered":"Daily Markup #115: With over 20 modules, Grab\u2019s merchant academy trains entrepreneurs to grow\u2026"},"content":{"rendered":"<figure><img decoding=\"async\" data-width=\"490\" data-height=\"528\" src=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/633e5-10hujdfyygjh8sqfmbqisxw.png\"><\/figure>\n<p><strong>Educate and empower<\/strong><\/p>\n<ul>\n<li>To further equip merchants with the right tools to navigate the digital space, 500-backed Grab has launched <a href=\"https:\/\/www.grab.com\/sg\/merchantacademy\/\" target=\"_blank\" rel=\"noopener\">Grab Merchant Academy<\/a>.<\/li>\n<li>Providing over 20 modules focusing on digitization, business owners can learn project management, online marketing, menu optimization, and more\u200a\u2014\u200afor free.<\/li>\n<li>The modules are tailored to meet the needs of merchants at different growth stages, whether they\u2019ve new to Grab, steadily receiving orders, or requiring guidance, Grab <a href=\"https:\/\/www.grab.com\/sg\/press\/consumers-drivers\/grab-launches-merchant-academy-and-grabfood-bank-to-support-more-fb-merchant-partners-to-go-digital\/\" target=\"_blank\" rel=\"noopener\">said<\/a>. The company hopes to empower over 3,000 merchants by the end of this year.<\/li>\n<\/ul>\n<figure class=\"wp-caption\"><img decoding=\"async\" data-width=\"750\" data-height=\"500\" src=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/img_60f7d9f1e2d7c.jpg\"><figcaption class=\"wp-caption-text\">Credit: Megapolitan\u200a\u2014\u200aKompass<\/figcaption><\/figure>\n<ul>\n<li>Launching hand-in-hand with the academy is <a href=\"https:\/\/www.grab.com\/sg\/grabfoodphotobank\/\" target=\"_blank\" rel=\"noopener\">GrabFood Bank<\/a>, an online image repository which digital resource-strapped merchant-partners can use for their menu listing and promotions to drive sales conversion.<\/li>\n<li>The repository is crowd-sourced and anyone can contribute by hashtagging #GrabFoodBank on Instagram and tagging the merchant.<\/li>\n<li>\u201cThis is increasingly apparent as the online F&amp;B scene becomes more crowded. Business owners will need to learn more digital skills to be able to stand out. We understand our merchant-partners have very different levels of digital proficiency and this is where we hope to help,\u201d said Dilip Roussenaly, senior director of GrabFood Singapore.<\/li>\n<li>In a similar vein, the recently introduced <a href=\"https:\/\/www.grab.com\/my\/food-blog\/foodcourt-oc\/\" target=\"_blank\" rel=\"noopener\">FoodCourts by GrabFood<\/a> feature allows users to group their orders if the merchants are located in the same food court.<\/li>\n<\/ul>\n<p><strong>Building better and cleaner bikes<\/strong><\/p>\n<ul>\n<li>500-backed Ion Mobility is on a mission to reimagine an age-old mode of transportation in Asia: The humble motorcycle.<\/li>\n<li>\u201cThere\u2019s no reason why the trusty motorcycle shouldn\u2019t join the ranks of devices that form part of our digital flow in the internet era,\u201d James Chan, CEO of Ion Mobility, told <a href=\"https:\/\/govinsider.asia\/inclusive-gov\/singapore-startup-james-chan-ion-mobility-electric-bike\/\" target=\"_blank\" rel=\"noopener\">GovInsider<\/a> in an interview.<\/li>\n<li>While motorbikes are commonplace in Asia, there has been a lack of innovation in the segment, James said.<\/li>\n<li>\u201cThere\u2019s been a gradual decrease in the momentum, the velocity of new innovation in that space.\u201d<\/li>\n<li>James added that conventional bikes contribute to urban smog and consume more power, but an electric bike does the opposite.<\/li>\n<\/ul>\n<figure class=\"wp-caption\"><img decoding=\"async\" data-width=\"1200\" data-height=\"801\" src=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/img_60f7d9f255ead.jpg\"><figcaption class=\"wp-caption-text\">Credit: Bikes\u00a0Republic<\/figcaption><\/figure>\n<ul>\n<li>Founded in 2019 by James and Joel Chang, Ion Mobility is focusing on Indonesia, one of the biggest motorcycle markets globally. The plan is to launch its first EV bike in the country in 2021.<\/li>\n<li>With <a href=\"https:\/\/www.techinasia.com\/singapores-ev-motorbike-startup-ion-mobility-bags-funding-launch-indonesia\" target=\"_blank\" rel=\"noopener\">new funds<\/a>, the company plans to scale its operations and teams in Singapore, Shenzhen, and Jakarta as well as building up its in-house research and manufacturing capabilities.<\/li>\n<\/ul>\n<p><strong>Strong growth<\/strong><\/p>\n<ul>\n<li>500-backed Bukalapak\u2019s strategy to focus on Tier 2 cities in Indonesia is paying off.<\/li>\n<li>The company has been tapping into mom-and-pop stores in these areas with Mitra Bukalapak.<\/li>\n<li>Launched in 2017, Mitra Bukalapak serves as a business-to-business marketplace where shop owners connect with consumer goods companies to replenish stock.<\/li>\n<li>\u201cBukalapak\u2019s focus has always been on the small and medium businesses as well as the Tier 2 cities. So far, we\u2019ve been on the right track,\u201d <a href=\"https:\/\/www.techinasia.com\/bukalapak-indonesias-tiertwo-champion-marches-profitability\" target=\"_blank\" rel=\"noopener\">said<\/a> CEO Rachmat Kaimuddin.<\/li>\n<\/ul>\n<figure class=\"wp-caption\"><img decoding=\"async\" data-width=\"596\" data-height=\"397\" src=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/img_60f7d9f2b7c1f.jpg\"><figcaption class=\"wp-caption-text\">Credit: Technologue.id<\/figcaption><\/figure>\n<ul>\n<li>The numbers back up Rachmat\u2019s forecast. In September, Bukalapak\u2019s president Teddy Oetomo revealed the company had improved its EBITDA (earnings before interest, tax, depreciation, and amortization) by 70% between the Q4 2018 and Q2 2020.<\/li>\n<li>According to <a href=\"https:\/\/www.thejakartapost.com\/paper\/2020\/09\/15\/bukalapak-gains-3-million-new-merchants-mostly-in-smaller-cities.html\" target=\"_blank\" rel=\"noopener\">The Jakarta Post<\/a>, revenue generated from <a href=\"https:\/\/mitra.bukalapak.com\/tentang-mitra\" target=\"_blank\" rel=\"noopener\">Mitra Bukalapak<\/a>\u2019s offline partners makes up 30 percent of the platform\u2019s total revenue.<\/li>\n<li>Thus far, the unicorn has partnered with 5.4 million <em>warung<\/em> (food stalls) and individual agents through Mitra Bukalapak.<\/li>\n<\/ul>\n<hr>\n<p><strong>Missed out the last Daily Markup? Go <\/strong><a href=\"https:\/\/dailymarkup.com\/\" target=\"_blank\" rel=\"noopener\"><strong>here<\/strong><\/a><strong> to check it out.<\/strong><\/p>\n<p><strong>You can also find us on <\/strong><a href=\"https:\/\/www.linkedin.com\/company\/500-durians\/\" target=\"_blank\" rel=\"noopener\"><strong>LinkedIn<\/strong><\/a><strong>, <\/strong><a href=\"https:\/\/www.facebook.com\/500durians\/\" target=\"_blank\" rel=\"noopener\"><strong>Facebook<\/strong><\/a><strong>, <\/strong><a href=\"https:\/\/twitter.com\/500Startups_SEA\" target=\"_blank\" rel=\"noopener\"><strong>Twitter<\/strong><\/a><strong>, and <\/strong><a href=\"https:\/\/www.instagram.com\/500durians\/?hl=en\" target=\"_blank\" rel=\"noopener\"><strong>Instagram<\/strong><\/a><strong>.<\/strong><\/p>\n<figure><img decoding=\"async\" data-width=\"400\" data-height=\"400\" src=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/img_60f7d9f2f1e30.jpg\"><\/figure>\n<p>500 Startups is a venture capital firm on a mission to discover and back the world\u2019s most talented entrepreneurs, help them create successful companies at scale, and build thriving global ecosystems. In Southeast Asia, 500 Startups invests through the pioneering 500 Southeast Asia family of funds. The 500 Southeast Asia funds have backed over 240 companies across multiple sectors from internet to consumer to deep technology. It continues to connect founders with capital, expertise and powerful regional and global networks to help them succeed.<\/p>\n<p><em>This post is intended solely for general informational or educational purposes only. 500 Startups Management Company, L.L.C. and its affiliates (collectively \u201c500 Startups\u201d) makes no representation as to the accuracy or information in this post and while reasonable steps have been taken to ensure that the information herein is accurate and up-to-date, no liability can be accepted for any error or omissions. All third party links in this post have not been independently verified by 500 Startups and the inclusion of such links should not be interpreted as an endorsement or confirmation of the content within. Information about portfolio companies\u2019 markets, competitors, performance, and fundraising has been provided by those companies\u2019 founders and has not been independently verified. Under no circumstances should any content in this post be construed as investment, legal, tax or accounting advice by 500 Startups, or an offer to provide any investment advisory service with regard to securities by 500 Startups. No content or information in this post should be construed as an offer to sell or solicitation of interest to purchase any securities advised by 500 Startups. Prospective investors considering an investment into any 500 Startups fund should not consider or construe this content as fund marketing material. The views expressed herein are as at the date of this post and are subject to change without notice. One or more 500 Startups fund may have a financial interest in one or more of the companies discussed.<\/em><\/p>\n<h3><a href=\"\/500-durians?source=post_sidebar--------------------------post_sidebar-----------\" target=\"_blank\" rel=\"noopener\">500 Durians<\/a><\/h3>\n<p>Born in Silicon Valley. Raised in Southeast Asia.<\/p>\n<p>Following<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Educate and empower To further equip merchants with the right tools to navigate the digital space, 500-backed Grab has launched Grab Merchant Academy. Providing over 20 modules focusing on digitization, business owners can learn project management, online marketing, menu optimization, and more\u200a\u2014\u200afor free. The modules are tailored to meet the needs of merchants at different [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[322],"tags":[354,423,143,418],"class_list":["post-604","post","type-post","status-publish","format-standard","hentry","category-daily","tag-bukalapak","tag-bukalapak-d2","tag-grab","tag-ion-mobility"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Daily Markup #115: With over 20 modules, Grab\u2019s merchant academy trains entrepreneurs to grow\u2026 - Markup<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dailymarkup.com\/?p=604\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Daily Markup #115: With over 20 modules, Grab\u2019s merchant academy trains entrepreneurs to grow\u2026 - Markup\" \/>\n<meta property=\"og:description\" content=\"Educate and empower To further equip merchants with the right tools to navigate the digital space, 500-backed Grab has launched Grab Merchant Academy. Providing over 20 modules focusing on digitization, business owners can learn project management, online marketing, menu optimization, and more\u200a\u2014\u200afor free. The modules are tailored to meet the needs of merchants at different [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/dailymarkup.com\/?p=604\" \/>\n<meta property=\"og:site_name\" content=\"Markup\" \/>\n<meta property=\"article:publisher\" content=\"http:\/\/facebook.com\/500southeastasia\" \/>\n<meta property=\"article:published_time\" content=\"2020-10-22T00:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-07-23T07:39:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/633e5-10hujdfyygjh8sqfmbqisxw.png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Felicia Chia\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/dailymarkup.com\/#website\",\"url\":\"https:\/\/dailymarkup.com\/\",\"name\":\"Markup\",\"description\":\"Serving bite-sized news on 500 Southeast Asia&#039;s portfolio companies and insights to fuel your momentum in life and business.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/dailymarkup.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/dailymarkup.com\/?p=604#primaryimage\",\"url\":\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/633e5-10hujdfyygjh8sqfmbqisxw.png\",\"contentUrl\":\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/633e5-10hujdfyygjh8sqfmbqisxw.png\",\"width\":490,\"height\":528},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/dailymarkup.com\/?p=604#webpage\",\"url\":\"https:\/\/dailymarkup.com\/?p=604\",\"name\":\"Daily Markup #115: With over 20 modules, Grab\u2019s merchant academy trains entrepreneurs to grow\u2026 - Markup\",\"isPartOf\":{\"@id\":\"https:\/\/dailymarkup.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/dailymarkup.com\/?p=604#primaryimage\"},\"datePublished\":\"2020-10-22T00:00:00+00:00\",\"dateModified\":\"2021-07-23T07:39:02+00:00\",\"author\":{\"@id\":\"https:\/\/dailymarkup.com\/#\/schema\/person\/9500d05faff850f12de850d9051b7b67\"},\"breadcrumb\":{\"@id\":\"https:\/\/dailymarkup.com\/?p=604#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/dailymarkup.com\/?p=604\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/dailymarkup.com\/?p=604#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/dailymarkup.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Daily Markup #115: With over 20 modules, Grab\u2019s merchant academy trains entrepreneurs to grow\u2026\"}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/dailymarkup.com\/#\/schema\/person\/9500d05faff850f12de850d9051b7b67\",\"name\":\"Felicia Chia\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/dailymarkup.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/b574d076fbdac43064ec75a7d589d309319c819283cc558025e0ef88192ee849?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/b574d076fbdac43064ec75a7d589d309319c819283cc558025e0ef88192ee849?s=96&d=mm&r=g\",\"caption\":\"Felicia Chia\"},\"url\":\"https:\/\/dailymarkup.com\/?author=7\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Daily Markup #115: With over 20 modules, Grab\u2019s merchant academy trains entrepreneurs to grow\u2026 - Markup","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/dailymarkup.com\/?p=604","og_locale":"en_US","og_type":"article","og_title":"Daily Markup #115: With over 20 modules, Grab\u2019s merchant academy trains entrepreneurs to grow\u2026 - Markup","og_description":"Educate and empower To further equip merchants with the right tools to navigate the digital space, 500-backed Grab has launched Grab Merchant Academy. Providing over 20 modules focusing on digitization, business owners can learn project management, online marketing, menu optimization, and more\u200a\u2014\u200afor free. The modules are tailored to meet the needs of merchants at different [&hellip;]","og_url":"https:\/\/dailymarkup.com\/?p=604","og_site_name":"Markup","article_publisher":"http:\/\/facebook.com\/500southeastasia","article_published_time":"2020-10-22T00:00:00+00:00","article_modified_time":"2021-07-23T07:39:02+00:00","og_image":[{"url":"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/633e5-10hujdfyygjh8sqfmbqisxw.png"}],"twitter_card":"summary_large_image","twitter_misc":{"Written by":"Felicia Chia","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebSite","@id":"https:\/\/dailymarkup.com\/#website","url":"https:\/\/dailymarkup.com\/","name":"Markup","description":"Serving bite-sized news on 500 Southeast Asia&#039;s portfolio companies and insights to fuel your momentum in life and business.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/dailymarkup.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/dailymarkup.com\/?p=604#primaryimage","url":"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/633e5-10hujdfyygjh8sqfmbqisxw.png","contentUrl":"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/633e5-10hujdfyygjh8sqfmbqisxw.png","width":490,"height":528},{"@type":"WebPage","@id":"https:\/\/dailymarkup.com\/?p=604#webpage","url":"https:\/\/dailymarkup.com\/?p=604","name":"Daily Markup #115: With over 20 modules, Grab\u2019s merchant academy trains entrepreneurs to grow\u2026 - Markup","isPartOf":{"@id":"https:\/\/dailymarkup.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/dailymarkup.com\/?p=604#primaryimage"},"datePublished":"2020-10-22T00:00:00+00:00","dateModified":"2021-07-23T07:39:02+00:00","author":{"@id":"https:\/\/dailymarkup.com\/#\/schema\/person\/9500d05faff850f12de850d9051b7b67"},"breadcrumb":{"@id":"https:\/\/dailymarkup.com\/?p=604#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/dailymarkup.com\/?p=604"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/dailymarkup.com\/?p=604#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/dailymarkup.com\/"},{"@type":"ListItem","position":2,"name":"Daily Markup #115: With over 20 modules, Grab\u2019s merchant academy trains entrepreneurs to grow\u2026"}]},{"@type":"Person","@id":"https:\/\/dailymarkup.com\/#\/schema\/person\/9500d05faff850f12de850d9051b7b67","name":"Felicia Chia","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/dailymarkup.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/b574d076fbdac43064ec75a7d589d309319c819283cc558025e0ef88192ee849?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/b574d076fbdac43064ec75a7d589d309319c819283cc558025e0ef88192ee849?s=96&d=mm&r=g","caption":"Felicia Chia"},"url":"https:\/\/dailymarkup.com\/?author=7"}]}},"_links":{"self":[{"href":"https:\/\/dailymarkup.com\/index.php?rest_route=\/wp\/v2\/posts\/604","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailymarkup.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailymarkup.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailymarkup.com\/index.php?rest_route=\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/dailymarkup.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=604"}],"version-history":[{"count":1,"href":"https:\/\/dailymarkup.com\/index.php?rest_route=\/wp\/v2\/posts\/604\/revisions"}],"predecessor-version":[{"id":1726,"href":"https:\/\/dailymarkup.com\/index.php?rest_route=\/wp\/v2\/posts\/604\/revisions\/1726"}],"wp:attachment":[{"href":"https:\/\/dailymarkup.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=604"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailymarkup.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=604"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailymarkup.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=604"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}