eCommerce
Grab expands merchant services for SMEs across Southeast Asia
This is in line with Grab Financial Group’s move to be more merchant-centric in its offerings and support its merchants’ business growth across the region.
Carousell Group acquires Singapore-based sneaker marketplace Ox Street to accelerate re-commerce growth
Following Carousell Group’s investment from STIC Investments, this acquisition of sneaker marketplace Ox Street underpins the group’s strategic priority to accelerate its re-commerce growth in Greater Southeast Asia.
Bangladesh re-commerce platform SWAP raises $1.25M in Seed funding to support growth in the country’s circular economy
SWAP has introduced the first ever cross-category exchange platform to facilitate the quickest upgrade program from even one category to another. This involves certified pre-owned products for consumers at as low as 60 percent of retail value with 1 year full warranty and insurance coverage including liquid and accidental damage. The platform has enabled…
iSeller raises $8M pre-Series B financing led by Openspace and AppWorks to digitize commerce in Indonesia
With the new funds, the company plans to enable more merchants to start, run, and grow businesses more easily, manageably, and efficiently, the company said in a statement. This will be achieved by aggressively expanding its e-commerce solutions and offline presence to 50 cities across Indonesia, building off the company’s current footprint in the Greater…
Bezos-backed Ula to scale up ‘pay later’ options for underserved small retailers in Indonesia
Indonesia’s retail market is estimated to be around $300 billion, of which 70-80 percent is traditional retail--with this market growing 8 percent year on year, the potential is enormous.
EI Industrial raises $670K to launch Vietnam’s first industrial-focused B2B e-commerce marketplace
Launched in 2020, EI Industrial is a B2B e-commerce marketplace that aims to accelerate digital procurement in Vietnam.
My experience navigating the startup ecosystem in Southeast Asia amid the pandemic
While we are still in the midst of a long-drawn pandemic, I believe startups are still presented with advantages in this season as COVID has kicked off the acceleration of the digital economy, mostly arising from the shift in consumer habits from offline to online.
Philippines: Southeast Asia’s next big breakout market?
TechNode Global’s series on the Philippines will delve into why now, after years of depending on income from remittances, Filipino entrepreneurs and founders are attracting venture capital (VC) money in droves. In this first part, we briefly explain the key growth drivers and opportunities awaiting VCs in the country, while laying the groundwork for future…
Indonesia e-commerce firm Ula bags $87M Series B, ropes in Amazon’s Jeff Bezos as investor
The funding round was co-led by Prosus Ventures, Tencent and B Capital Group. Amazon founder Jeff Bezos's Bezos Expeditions also joined the round.
Vietnam loyalty platform Society Pass plans to list on Nasdaq
The company is offering 2.9 million shares at a price range of $8 to $10. At the mid-range, this puts the IPO at around $26 million at a $188 million valuation.
