eCommerce

Singapore’s ShopBack extends oversubscribed Series F with $80M from 65 Equity Partners

Singapore-based shopping and rewards platform ShopBack announced Monday that it has entered into a subscription agreement with 65 Equity Partners for $80 million of equity capital…

Indonesia’s Cosmart raises $5M Seed funding from Lightspeed, East Ventures, and Vertex Ventures Southeast Asia & India

Cosmart, an Indonesian membership-driven ecommerce platform for essential goods, announced Monday that it raised $5 million in an oversubscribed seed funding from Lightspeed, East…

How the right technology can sustain the B2B commerce momentum in Asia

Dubbed in some circles as the ‘great accelerator’, the COVID-19 pandemic has catalyzed a global technological shift across sectors – including within business-to-business (B2B)…

Malaysia’s Carsome announces ‘group-wide accelerated profitability plan’ including job cuts

Malaysia-headquartered used car platform Carsome has announced a group-wide accelerated profitability plan to achieve its target of positive earnings before interest, taxes,…

Softbank-backed Carro sees ‘many’ opportunities in Japan market; eyeing Australia, Philippines, Vietnam

Singapore-based used car marketplace Carro, which announced its expansion into Japan last week, sees many opportunities in the country as the Japan’s used car market size is…

Singapore’s Una Brands raises $30M Series B funding for category and regional expansion

Singapore-based E-commerce aggregator startup Una Brands announced Thursday it has closed a capital raise of $30 million in the first close of a Series B funding round led by…

How the rise of mobile gaming is unlocking new opportunities for marketers 

In view of privacy changes by Apple and Google, marketers can look to capitalize on players’ ad receptiveness within the gaming ecosystem, and also leverage on the ripple effect…

Thailand’s LINE MAN Wongnai raises $265M Series B funding led by GIC and Line

LINE MAN Wongnai, a Thailand-based food delivery startup, announced Monday that it has raised $265 million in a Series-B investment round led by GIC, Singapore’s sovereign wealth…

Sea Ltd’s top management to forgo salaries as firm cuts cost – report

Singapore-headquartered tech firm Sea Ltd.’s top management will forgo their salaries and tighten company expense policies, as the gaming and e-commerce giant tries to shield…

Business growth is always about making the right change

There is no easy road to success. Like many aspiring young entrepreneurs, I was starry-eyed and jumped head-on when given an opportunity to start my own business. I left my cushy…