eCommerce
Singapore e-commerce enabler Zaapi raises $4.5M seed investment led by GFC, Flourish Ventures, and Partech
Zaapi has raised a $4 million seed investment in the current round of funding. Prominent venture capital investors, including Global Founders Capital (GFC), Flourish Ventures, and Partech, led the investment. Other institutional investors in the round include 1982 Ventures, Kaya Founders, Iterative, XA Network, and Sketchnote Partners/Invertidos.
Sea Ltd’s Shopee exits France months after entering Europe – report
France was one of the most significant new markets for Sea, which has been embarking on an aggressive international push last year to drive growth beyond Southeast Asia.
Convergence between marketplaces & social media will continue in e-commerce, says Intrepid CEO Jasper Knoben [ORIGIN Innovation Awards Q&A]
In the interview, Knoben also shared what are the challenges faced by startups or innovators in this post-pandemic environment and Intrepid’s strategies to address these challenges.
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.…
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…
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.
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,
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.
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.
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…
