eCommerce

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.

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

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.

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.

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.

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

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.

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…

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.

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.