eCommerce

Singapore’s Una Brands raises $15M Series A funding co-led by White Star Capital and AlphaJWC

Una Brands will use this capital to acquire e-commerce brands based in the Asia Pacific and further strengthen its technology and team to operate these brands at scale.

Singapore shopping and rewards platform ShopBack to acquire BNPL player hoolah

hoolah will accelerate its growth with a platform to extend its BNPL offering to over 8,000 merchants and 30 million shoppers across nine markets in the Asia-Pacific. ShopBack will further enhance its suite of shopping tools and rewards by offering shoppers a responsible, convenient, and flexible payment option at checkout.

Indonesia D2C skincare brand NAMA Beauty raises $5M in seed funding led by AC Ventures, plans to launch second-line brand

The company plans to use the new funding for research and development, marketing and branding, hiring more talents, and launching a new second-line brand. Through existing infrastructure and know-how, the company’s vast logistical and distribution capabilities via partnerships with DMMX and SiCepat Ekspres allow for tremendously scalable operations

Indonesia’s Open Labs launches $100M fund to invest in e-commerce sellers

The fund will invest in high-potential businesses and help them grow online, scale operations and become great consumer brands. Touted as the biggest fund among brand aggregators in Southeast Asia, the fund will focus specifically on investing in and providing operational support for e-commerce sellers, initially in Indonesia.

India hyperlocal e-commerce platform LoveLocal raises $18M pre-Series B round led by Vulcan Capital

LoveLocal's Pre-Series B marks the largest round ever raised by a solo woman tech founder in India. This represents a huge step forward in the Indian startup ecosystem and comes at a time when less than 1 percent of Indian venture capital deals are invested in women-only-led companies. Moreover, the country is grappling with a sharply declining female labor…

Singapore fashion brand Love, Bonito raises $50M in Series C funding to fuel category and international expansion

Proceeds from the fundraise will enable Love, Bonito to bolster efforts in existing omnichannel markets and supercharge international expansion in markets that collectively are experiencing triple digits year-on-year growth. These key markets include Hong Kong, Japan, the Philippines, and the US.

DroneTech startup Poladrone raises $4.29 M in Malaysia’s largest Seed round

The funding round will allow Poladrone to scale up operations to better serve customers across the region and to attract top talent to further improve its products.

Omise targets to triple transactional processing volume in Malaysia as it launches operations in the country

Businesses operating online in Malaysia now have access to the full strength of Omise’s modern payment gateway to accept payments securely, manage transactions, send payouts, and expand operations regionally to capture more sales and grow revenue. Meanwhile, businesses using Omise in Thailand, Japan, and Singapore can seamlessly expand their business and…

Indonesia SaaS firm Majoo raises $4M in pre-Series A led by AC Ventures to accelerate instant store development for MSMEs

With its new funding, Majoo will accelerate its instant online store's product development and market penetration for MSMEs.

Emerging Vision to grow further in India & US as online ‘fortune-telling’ services soar amid pandemic

The firm is also expected to rake in revenue of more than $6 million this year as demand for its astrology, tarot card reading services gained popularity.