eCommerce

The company’s main objective for the next 12 to 18 months is to achieve positive cash flow as soon as possible.

An unwavering determination is something that many startup founders have, but the greater challenge was ultimately to be comfortable with instability and change and make difficult decisions to move the business forward. Here are some changes that I had to experience and the decisions I had to make to grow my startup over the last few years.

Singapore-based procurement start-up Eezee revealed Monday that it has raised $7.5 million in its Series A round. This was led by Ayala Corporate Technology Innovation Venture Fund (ACTIVE Fund), one of Southeast Asia’s top corporate venture capital firms backed by Ayala Corporation and its business units.

Indonesia e-commerce firm Bukalapak and global bank Standard Chartered have officially launched BukaTabungan, a digital banking service that leverages the reach of Bukalapak’s all-commerce platform and the technology of nexus, a banking-as-a-service (BaaS) solution powered by Standard Chartered.

AnyMind Group, a Singapore-based end-to-end commerce enablement company, announced Wednesday that e-commerce marketplaces TikTok Shop, Yahoo! Japan Shopping and PayPay Mall are now connected to the company’s e-commerce management platform, AnyX, enabling businesses and online merchants to improve cross-channel operational efficiency on even more e-commerce…

Singapore-based consumer internet firm Sea Limited said Tuesday that its net loss in the second quarter has widened to $931.2 million from $433.7 million a year ago, amid higher expenses.

Southeast Asia, in general, sees more consumers purchasing cross-border goods as digital platforms become more mainstream. This trend has attracted more investment dollars into the supply chain industry, due to the integral role of technology in scaling logistics infrastructure to support growing consumer and SME demand.

India-based business to business (B2B) trade enablement giant Bizongo announced Wednesday it has secured a $25 million working capital facility from Liquidity Group’s Mars Growth Capital. With the working capital facility Bizongo will enable businesses across South East Asia to cater to the unprecedented demand.

Pakistan-based social commerce platform DealCart announced Thursday that it has raised a $4.5 million pre-seed funding round led by Shorooq Partners. The round also saw participation from Fatima Gobi Ventures, Vibe Capital, 500 Global, i2i Ventures, Julian Shapiro, Rally Cap Ventures, Alex Lazarow, and several strategic angel investors.

Carousell Group, the Singapore-based recommerce group, announced Tuesday that it has acquired control of Laku6, the artificial intelligence (AI)-first end-to-end electronics recommerce platform in Indonesia, to bolster expansion Of electronics recommerce in Greater Southeast Asia.