eCommerce
AirAsia secures Malaysian regulator license for remote drone pilot training
AirAsia has secured its Certificate of Approval (COA) from the Civil Aviation Authority of Malaysia (CAAM), to conduct remote drone pilot training. With the approval, AirAsia has become first in Malaysia to provide industry support with quality remote pilot training.
Indian quick commerce player Dunzo raises $240M funding led by Reliance Retail
Dunzo has raised $240 million in its latest round of funding led by Reliance Retail Ventures Limited. Existing investors Lightbox, Lightrock, 3L Capital and Alteria Capital also joined the round. The capital will be used to further Dunzo’s vision to be the largest quick commerce business in the country, enabling instant delivery of essentials from a network…
Tencent divests 2.6% of equity interest in Singapore’s Sea Ltd
Tencent’s voting power to be reduced below 10 percent following the transaction and proposed share conversion.
L’Oréal Malaysia to double down on social commerce in 2022 to help 250 salons affected by the pandemic
L'Oréal will be doubling down on social commerce with an aim to roll out its social commerce initiative to 250 salons across Malaysia in 2022.
Beyond affordable prices for premium items, Retykle’s circular fashion provides a sustainable solution to high-end apparel e-commerce [Q&A]
Retykle is Asia’s first online resale platform or buying and selling pre-loved high-end babywear, kids wear and maternity fashion. It was set up with the aim of providing users with an easy, one-stop method of trading their pre-loved designer/luxury children's and maternity apparel. The platform takes on all the sellers’ responsibilities, from collection to…
Indian B2B ecommerce marketplace Jumbotail raises $85M Series C round led by Invus
Jumbotail has raised an $85 million Series C round led by Artal Asia Pte. Ltd. Jumbotail will use the funds to triple its engineering, product, design, data science, category management, marketing, and finance teams. It will also scale its core B2B marketplace to 100 cities and towns across India, expand its network of J24 stores, invest in large scale…
Vietnam’s Society Pass announces inclusion in Russell 2000 Index
Society Pass Incorporated (SoPa), the Vietnam-based data-driven loyalty platform, announced Tuesday that the company has been added to the Russell 2000 Index, effective at the open of U.S. markets on December 20, 2021 and according to the preliminary list of initial public offering (IPO) additions to the Russell indexes.
Softbank, Tencent-backed Indian used car platform Cars24 raises $400M
The investment will be used for the brand’s global expansion in the Middle East, Australia, and Southeast Asia, and to further strengthen its foothold in the Indian market.
Indonesia’s GoTo said to appoint banks for $1B local IPO – report
GoTo Group has picked PT Mandiri Sekuritas and PT Indo Premier Sekuritas as underwriters for a local IPO that could happen as soon as next quarter, Bloomberg reported.
Australian instant online grocery supermarket VOLY raises $13M seed round led by Sequoia Capital India
VOLY has raised AU$18 million ($12.89 million) in one of the nation’s largest ever seed rounds led by Sequoia Capital India, with increased backing from Global Founders Capital (GFC) and Australian-based Artesian Capital. This funding round will enable VOLY to continue to scale, expand the team, rapidly increase operations across key urban centres and start…
