eCommerce
eCommerce,Investments,Philippines
Philippines social commerce startup SariSuki bags $7.1M from regional and global investors
SariSuki has raised $7.1 million from regional and global investors, bringing its total funding to $10.7 million in 2021. Venture capital investors included Openspace, Susquehanna International Group (SIG), Global Founders Capital (GFC), Saison Capital, JG Digital Equity Ventures, and Foxmont Capital Partners are amongst those who participated in the round.…
March 2, 2022
News,eCommerce,Singapore,Investments
Singapore e-commerce startup Cococart raises $4.2M from Forerunner Ventures and Sequoia Capital for overseas expansion
Cococart has secured $4.2 million in seed funding to expand its growth internationally. The new capital was raised from Forerunner Ventures and Sequoia Capital, with participation from Y Combinator, Uncommon Capital, Soma Capital, Liquid 2 Ventures, Fitbit Chief Executive Officer James Park, Curated Chief Executive Officer Eduardo Vivas, and other strategic…
March 1, 2022
Japan e-commerce giant Rakuten CEO Hiroshi Mikitani donates $8.7M to Ukraine for humanitarian assistance
The donation is intended for humanitarian activities to help people in the country who have become victims of the violence, he said.
February 28, 2022
News,eCommerce,Mergers and Acquisitions,SEA,Vietnam
Society Pass acquires Vietnam online grocery delivery service Handycart
Society Pass Incorporated (SoPa) has acquired Dream Space Trading Company Limited, the operator of Handycart. The newly acquired company will be integrated into SoPa's food and beverage delivery vertical with SoPa's existing merchant software platform #HOTTAB,
February 28, 2022
Carsome plans to build more used car refurbishment centers in Malaysia, Indonesia & Thailand
Carsome has on Tuesday launched the so-called Carsome Certified Lab in Malaysia, which claimed to be Southeast Asia’s largest car refurbishment facility.
February 22, 2022
News,eCommerce,Analysis,FinTech,Philippines,Logistics
Finding a niche in the Philippines’ Iron Triangle
In this third part, we explore how much Covid-accelerated digitization boosted the country’s ‘Iron Triangle’ – e-commerce, logistics, and fintech – startups, and how the startup Davids are battling the Goliath super apps to carve out their own niches.
February 21, 2022
Indian social e-commerce start-up DealShare gets $45M funding from ADIA in an extension of its Series E round
DealShare has raised another $45 million as part of its series E funding round from a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA) which takes the company’s total funding to $393 million and valuation to $1.7 billion. The company will use the funds from its Series E funding round to power product innovation and technology to support…
February 18, 2022
News,eCommerce,Philippines,SEA,Vietnam,Mergers and Acquisitions
Vietnam’s Society Pass completes acquisition of Philippines online grocery delivery service Pushkart.ph
Society Pass Incorporated (SoPa) has acquired Pushkart.ph, an online grocery delivery service in Philippines. The move kicks-off SoPa’s expansion into the Philippines market. Leveraging on SoPa’s capital, Pushkart.ph will focus on dramatically increasing on-demand grocery shopping services to more consumers and more retailers initially to Metro Manila and…
February 15, 2022
Indonesian online grocery platform Happy Fresh launches HappyFresh Supermarket
Happy Fresh has launched HappyFresh Supermarket to extend fresh and dry grocery accessibility by significantly growing its dark store presence in the Southeast Asian region. It aims to provide an easy and convenient online grocery shopping experience, with high-quality and freshly handpicked products brought right to their customers’ doorsteps with free…
February 8, 2022
Indonesian quick commerce startup Bananas raises $1.5M seed funding led by East Ventures
Bananas has secured $1 million in seed funding led by East Ventures, with the participation from SMDV, ARISE, MDI Ventures and a few angel investors. It has also been accepted into the prestigious YCombinator Winter 2022 batch that has a 2 percent acceptance rate among tech startups who applied globally, adding Y Combinator as one of Bananas’ investors with…
February 8, 2022