eCommerce

In this TechNode Global Q&A with JP Lee, Chief Executive Officer and Managing Partner of SBVA, he discusses the trends shaping innovation in the region, as well as the challenges faced by innovators, including talent, resources, and decision-making. He believes that there is a big opportunity for innovators to deliver value to both consumer and enterprise…

Carsome plans to introduce auto-financing for graduates in Indonesia and Thailand, as it targets a loan size of at least MYR 100M ($24.17M) for its auto-financing business in 2022.

The funding will be deployed to create an all-encompassing community-like shopping experience for the hobbyists.

The funding aims to further develop SIRCLO’s technological capabilities and accelerate the retail digitalization for various businesses all across Indonesia.

Decisions on what products to buy or services to avail of as parents are often influenced by research, social proofing, and seeking out detailed reviews. We, therefore, think that shopping increasingly needs to be a discovery-led experience instead of a search-driven process. 

The company plans to use the net proceeds from the offerings for business expansion and other general corporate purposes, including potential strategic investments and acquisitions.

Funds will be deployed to explore growth opportunities in Singapore and Malaysia, and kickstart its expansion into Thailand.

Funds will be used to drive Rainforest’s growth strategy, including expanding its portfolio of e-commerce brands in the home goods, mother & kids, personal care and pet categories by three times and growing its leadership team.

The fresh funds will be used to grow its distribution network both in Vietnam and in other parts of Southeast Asia.

Since the start of the pandemic, 70 million people have become digital consumers. Nearly half of them, or around 30 million people, became digital consumers from 2020 to 2021 alone. By 2026, Southeast Asia’s digital consumer population is expected to reach around 380 million.