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RedDoorz achieves profitability by focusing on core markets and upscale offerings
RedDoorz achieved its first profitable year in 2024 by focusing on operations in Indonesia and the Philippines, withdrawing from Singapore and Vietnam, and diversifying its offerings to include upscale accommodations. Meanwhile, Indian startup Nivara secured $28 million in funding to enhance its tech platform and expand its market reach. In other news, Microsoft CEO Satya Nadella plans a visit to South Korea, and Zomato faces an insolvency petition over unpaid dues.
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