The working capital trap: Lessons from Indonesia’s first D2C generation
Indonesia’s D2C and inventory-heavy startup sector looks different in 2026 than it did before 2022. The cohort of platforms that scaled between 2018 and 2021 (Fabelio in furniture, several in F&B, fashion, and household goods) encountered a category of operational risk that the original venture…
Sources
- T2The working capital trap: Lessons from Indonesia’s first D2C generationSEA: e27 / Vulcan Post