Think that retail industry cannot be more innovative and it’s very hard to make money in this industry given the margins are very low? Think again! There are 2 entrepreneurs who changed the business model of traditional supermarket to create an online supermarket and compete with large established retailers. It’s even more intriguing that those two entrepreneurs are former investment bankers.
Come to Startup Grind Singapore on 26th April, we will host Roger Egan, CEO and co-founder at RedMart.com. Born with an instinct to be an entrepreneur, Roger run his first business at the age of 10 about shoveling snow off his neighbors’ driveways, he even hired other kids to do it. However, he did not consider entrepreneurship as a serious career path to pursue until financial crisis hit. After graduation, investment banking or consulting were the two career choices that made sense to him. Roger spent more than 1 year as an Associate at Omega Capital, subsequently he left and started an insurance brokerage company that went on to raise US$320 million in venture capital. While doing his master at INSEAD Asia campus, he met Vikram who then co-founded RedMart together with him, to solve a pain he faced with at his banking job: no time to buy groceries.