eCommerce
Carousell to acquire fashion recommerce retailer Refash
Carousell Group, a Singapore-based recommerce group, announced Monday that it has signed a deal to acquire Refash, a Singapoore-based omnichannel fashion recommerce retailer, for an undisclosed sum. The partnership with Refash enables Carousell to take a significant next step for one of their core categories to make selling secondhand fashion even simpler,…
Indonesia’s Moladin raises $95M Series B funding to grow its automotive ecosystem
Moladin, an Indonesia-based omnichannel used car marketplace, announced Monday it has secured Series B funding of $95 million led by global internet investment firm DST Global. Earlier this year, Moladin raised $42 million in Series A Funding co-led by Sequoia Capital India and Northstar Group in what was one of the largest Series A rounds in Southeast…
India’s Evenflow raises $5M pre-series A round from Village Global and others
Evenflow Brands (Evenflow), an India-based e-commerce rollup firm, announced Thursday the closing of its pre-series A round of $5 million. The round saw participation from Village Global, 9Unicorns, Venture Catalysts, LetsVenture, Shiprocket, and marquee angel investors.
Malaysia’s unicorn Carsome acquires WapCar & AutoFun Businesses
The partnership will enable Carsome to capture and serve customers from their early stage of car exploration and bring a more engaging and fun experience to the car transaction and ownership journey.
India’s Zepto raises $200M Series D led by Y Combinator Continuity
Just nine months after launching, Indian quick commerce firm Zepto has announced its $200 million Series D fundraise, valuing the company at around $900 million. Y Combinator Continuity doubled down and led Zepto’s Series D, with new investor Kaiser Permanente joining in to back the company.
India’s Geniemode lands $28M Series B funding led by Tiger Global
Geniemode, an India-based business to business (B2B) cross-border tech platform for lifestyle goods, said Friday it has scooped up $28 million Series B funding led by Tiger Global. Existing investor Info Edge Ventures, also doubled down in the round.
Indonesian Bukalapak 1Q revenue surges 86 percent to $54.39M on higher Mitra Bukalapak contribution
Indonesian e-commerce firm Bukalapak said Thursday that its revenue for the first quarter of 2022 (1Q22) grew by 86 percent year on year to IDR788 billion ($54.39 million), underpinned by its Mitra Bukalapak’s growth.
Singapore’s Adgorithmics partners South Korea’s Klaytn Foundation to launch NFT-based loyalty program
Singapore algorithms e commerce firm Adgorithmics and South Korea blockchain platform Klaytn Foundation announced Thursday a partnership to utilize non-fungible tokens (NFTs) for an e-commerce incentive system and customer loyalty program through the MetaGachas platform.
