Interview with Kiren Tanna, Co-CEO, Asia Pacific Internet Group
How would you define the current momentum of the retail sector in Asia?
The retail sector in Asia is growing as economies are developing and consumerism is increasing with disposable incomes. eCommerce is the most exciting in these countries as we are seeing the leapfrogging effect in many emerging markets where retail is moving from traditional trade directly to online retail. Building more warehouses rather than malls.
Where are the growth areas for your company/new companies in Asia?
We are focused on the super emerging markets of Asia for online retail, in particular, Bangladesh and Myanmar where there is a lot of untapped potential on retail, especially online as telecom infrastructure builds rapidly.
What challenges and issues keep you awake at night?
Finding innovative ways to keep growing at a rapid pace in difficult markets. That’s challenging and exciting.
As co-CEO of APACIG, Kiren manages the entire Asia Pacific region with entrepreneurial passion. APACIG has already become one of Asia’s fastest growing internet platforms and is home to some of Asia’s most successful internet companies as Lamudi, Carmudi, Kaymu, Jovago, Easy Taxi, PricePanda, ClickBus, Daraz, ads.com.mm and work.com.mm.
With extensive experience in running online business in Asia most notably as CEO of Rocket Internet portfolio company Foodpanda.com, Kiren manages APACIG’s key stakeholder relations and investment decisions. Kiren darts around the region, providing essential input to companies at every stage of development. He plays an active role in all aspects of launching a successful online business, from operations support, and meeting suppliers, to assisting with recruitment and HR decisions, always in search for highly talented leadership personalities.
Before joining Rocket Internet/Foodpanda as Managing Director, Kiren worked as a Senior Engagement Manager at McKinsey & Company in Singapore serving clients across Asia in banking, telecommunications and logistics on a range of corporate finance and strategy issues. Kiren grew up in India, where he graduated top of his Engineering Class from Mumbai University and top of his MBA class from Indian Institute of Management Calcutta