eCommerce

Society Pass Inc (SoPa), a Vietnam-based loyalty and ecommerce firm, announced Friday the completion of restructuring Leflair's Vietnam operations with the spin-off of Leflair Group (LFGroup). Along with this restructuring, SoPa has appointed Loic Gautier as Chief Executive Officer of the new Leflair Group.

India-based merchant commerce platform Pine Labs announced Wednesday that it has made a significant majority investment into Mosambee, a end-to-end payment solution provider in India. This investment will now value Mosambee at upwards of $100 million.

Vietnam is an important market for Involve Asia as it is one of the fastest-growing economies in Southeast Asia with a vibrant and technologically savvy population, Involve Asia Chief Executive Officer and Founder Jimmy How said.

The concerns center on the way that Zilingo accounted for transactions and revenue across a platform spanning thousands of small merchants, the report said.

GoTo previously said it is also considering a listing in another market such as the US, according to earlier reports.

Peeba, the online business to business (B2B) wholesale platform in Hong Kong, said Thursday it has secured $4.2 million in seed funding led by Headline Ventures.The company will use the funds to deepen its localization efforts across 11 Asia Pacific (APAC) countries, as well as to further build out the machine learning technologies underlying its platform.

AnyMind Group, an end-to-end commerce enablement company in Japan, announced Wednesday the launch of AnyX, a one-stop e-commerce management platform for individuals and businesses that connects various e-commerce channels and AnyMind Group’s various platforms for manufacturing, e-commerce enablement, conversational commerce, marketing and logistics.

Singapore-based e-Commerce marketplace Fairmart announced Wednesdya the closing of an oversubscribed S$2 million ($1.5 million) seed round co-led by Quest Ventures and Entrepreneur First, with participation from SOSV, Vectr Ventures and Hustle Fund.

Armada Brands (Armada), a Philippine-based e-commerce aggregator, said Tuesday it has raised $1.3 million in pre-seed funding to invest in e-commerce entrepreneurs looking to scale their brands. The pre-seed funding round of $1.3 million was co-led by the venture capital firms M Venture Partners and Foxmont Capital Partners.

Indian merchant commerce platform Pine Labs announced Wednesday a new investment of $50 million from Vitruvian Partners, a London-headquartered international investment firm.