The NTU-GSC Career & Entrepreneurship Committee is committed to providing opportunities to students to gain insights into different industries. In line with this goal, NTU-Career and Attachment Office in collaboration with GSC C&E invited Zalora for an information session on August 28, 2014. The speaker for the session, Michele Ferrario, managing director, Zalora, gave an inspirational talk on “How to build a billion dollar company?” in Zalora. Zalora has manifested itself as one of the leading online fashion retailers in Southeast Asia & Pacific region since 2012. The headquarter of this company is located in Singapore but their offices are active in Indonesia, Malaysia, Hong Kong, Thailand, Philippines, Vietnam, Brunei, Australia and New Zealand.
Michele, who is currently overseeing Zalora’s finance, logistics, supply chain, customer services and production functions, began his talk by introducing some of the established companies such as Ford, Starbucks, Zappos, nuttella and airbnb, and stated their milestones, how they have started their business, continued it and managed their failures. He stressed that developing an innovative idea, the ability to attract investors and forming a professional and motivated group to evolve your idea are the three angles of the success triangular and without the two later ones, an idea will remain only an idea forever. He said that in order to convince investors, the idea should have a potentially big market and the start up should have the potential of becoming the dominant player. Moreover, the team to evolve the idea must be stable, strong, close, and complementary and must possess multi competency.
To elucidate the long-term prosperity of the online shopping market, Michele mentioned that in Europe online shopping account for 10% of the total value of shopping while this number currently is only 1% in Asia. The point of interest is that it is following an upward trend and definitely will reach to 10% or more in the future. This huge room to grow makes obvious the promising future of the companies which are active in providing online shopping services. At the end, he informed the audience about several job vacancies available in Zalora company and stressed that Zalora always embraces innovative ideas and is looking forward to receiving resumes from motivated applicants. The event ended with a networking session where in the interested audience discussed about the available job/internship opportunities in Zalora and tips and tricks in starting a new business.