Tuesday, December 12, 2017
business /
  • 305

Ensogo to shut operations in Southeast Asia—report

/ 03:38 PM June 21, 2016

SCREENGRAB from http://www.ensogo.com.ph/

Amid mass layoffs and the resignation of its CEO, e-commerce company Ensogo on Tuesday announced that it will be shutting down all of its business units in Southeast Asia, a report by Tech in Asia said.

“Ensogo Australia […] will no longer provide financial support to its subsidiary Southeast Asian flash sales and marketplace business units. These business units will be shut down. All staff have been informed and communications will be made to customers in the coming days,” Ensogo was quoted as saying in a statement.

Ensogo said the decision was made to “preserve the company’s cash for new investment opportunities.”


Formerly known as iBuy, Ensogo started as a Groupon-style site in Thailand and expanded its operations to Indonesia, Philippines, and Hong Kong.

It was founded by entrepreneur Patrick Grove of the Catcha Group. YG/JE

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: Business, company, e-commerce, Ensogo, Groupon, Southeast Asia
For feedback, complaints, or inquiries, contact us.

© Copyright 1997-2016 INQUIRER.net | All Rights Reserved