eCommerce

Vietnam’s Society Pass eyes M&A opportunities in Indonesia, Philippines after share price jumps more than 400% on NASDAQ

The firm is keen to pursue acquisitions in categories that augment its loyalty point ecosystem, as well as e-Commerce and online travel.

Philippines BNPL startup Plentina raises additional $2.2M in TMV-led funding round

Proceeds of the funding will be used by Plentina to accelerate the company’s growth in the Philippines, to offer new product expansions, and to begin exploring other markets in Southeast Asia, such as Vietnam. This seed round will also help propel its growth as it targets Series A funding next year with senior talent joining the firm between now and then,…

Indonesia e-commerce marketplace Ula secures an additional $23.1M in Series B from Tiger Global

Ula has secured an additional $23.1 million funding from Tiger Global. With a total Series B funding of $110 Million, Ula will continue to invest in geographic, product, and team expansion, with a special focus on supporting underserved retailer communities through technology in Tier 2 to 4 cities.

Indonesia influencer platform KaryaKarsa raises $500K Seed round led by Accelerating Asia, Sketchnote Partners

KaryaKarsa has collaborated with more than 40K creators and served 300K users, enabling creators to promote their digital content or service offerings, such as books, comics, audio, video, and other digital goods, directly to their audience without going through middlemen. The seed round will support the company’s growth in the Southeast Asia market and…

Kazakhstan car aftersales platform raises $700,000 funding led by Singapore’s Quest Ventures

CTOgram has raised $700,000 funding led by Quest Ventures. The investment will speed up the adoption of CTOgram across the region and thereby provide extensive support to drivers everywhere.

Vietnam e-commerce platform Kilo raises $5M pre-Series A led by Altos Ventures and January Capital

Kilo has raised $5 million in a pre-Series A round co-led by Altos Ventures and January Capital. The round was joined by Goodwater Capital, Ascend Vietnam Ventures, Decisive Capital Management, Ratio Ventures, and other angel investors. Kilo plans to grow its team by 4 times over the coming 12 months. Its future roadmap includes several features to further…

Indonesia’s GoTo secures over $1.3B in first close of pre-IPO fundraising

The funds raised will allow GoTo to invest further in its ecosystem, strengthen its market-leading position in the region, and better serve customers, which includes continued focus on customer growth and engagement, expansion of its payments and financial services offering, and leveraging its integrated transport fleet and logistics network to enhance…

Vietnam’s Society Pass announces $26M pricing for Nasdaq IPO

Society Pass Incorporated has announced the pricing of its $26 million Nasdaq initial public offering (IPO), offering 2.89 million shares of common stock at a price of $9 per share. The shares have been approved for listing on the Nasdaq Capital Market and will trade under the ticker symbol "SOPA" beginning November 9.

JD.com-backed Tiki raises $258M in Series E funding round led by insurer AIA

The new funding brings the company’s valuation to close to $1 billion.

MyCloudFulfillment raises $7.4M Series B from JWD Group & SCB 10X to support warehouse & service improvement & regional expansion

The funding will be mainly used on improving warehouse and service capability, expanding the management and software development team, and expanding its service to neighboring countries.