#Asia Office supplies firm Bizzy acquires little-known startup for its CEO

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Peter Goldsworthy, former CEO of Bizzy. Photo credit: Bizzy.

Indonesian ecommerce company Bizzy has acquired a startup called Alpha. The terms of the deal weren’t disclosed.

Bizzy supplies other businesses with office equipment, electronics, stationary, and so on, in bulk. The little-known startup Alpha has expertise in things like raw materials and spare parts, making it valuable to Bizzy’s business, the firm said in a press release. Another reason for the acquisition is Alpha’s experienced team.

Post-acquisition, Alpha’s CEO Andrew Mawikere will become Bizzy’s new CEO.

Prior to starting Alpha earlier this year, he’d been the co-founder and CEO of Bizzy competitor MBiz, a startup run by the Lippo Group conglomerate. Mawikere also previously worked at Astra International, Temasek, and J.P. Morgan.

Bizzy’s former CEO, Peter Goldsworthy, will take on a new role as Bizzy’s president.

We’ve reached out to Bizzy to learn more.

 

This post Office supplies firm Bizzy acquires little-known startup for its CEO appeared first on Tech in Asia.

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