eCommerce
Vietnamese social commerce platform Mio raises $8M in Series A funding led by Jungle Ventures
Mio has raised $8 million in Series A funding led by Jungle Ventures, Patamar Capital, and noted angel investor Oliver Jung. The round also saw participation from existing investors GGV, Venturra, Hustle Fund, iSEED SEA and Gokul Rajaram. This brings the total capital raised by the company since inception to $9.1 million. The company will use the fresh…
Taiwan sustainable fashion community-based marketplace PopChill raises $2.2M Pre-Series A funding led by AppWorks
PopChill announced Monday the completion of a $2.2 million Pre-Series A round of financing. The round was led by AppWorks, with participation from CTBC Venture Capital, B Current Impact Investment, and Taiwan Culture and Creative Angels Investment. With this round of financing, PopChill will reinforce its core business model to meet the needs of fashion…
FTAG Ventures leads $4.5M round for Singapore livestreaming solutions provider BeLive Technology
FTAG Ventures has spearheaded a S$6 million ($4.45 million) bridge funding round for BeLive Technology, a Singapore-based livestreaming solutions firm aiming to expand its presence globally by establishing partnerships with e-commerce giants, apps and brands. This development follows news last year when FTAG Ventures announced that it had acquired a…
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.
