eCommerce
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.
Indonesia social commerce platform KitaBeli bags Series A extension from Meesho founders, Kopi Kenanga Capital & others
The additional funds will be utilized for KitaBeli’s expansion into more cities, as well as build out a wider stock-keeping unit mix.
UOB Venture Management leads $30M Series B in Indonesia ‘halal’ social commerce platform Evermos
The fresh funds will be used to expand the leadership and growth teams, to enter new geographies and to deepen technology development.
Softbank, Tencent invest in Indian online used car platform Cars24 Services – report
Cars24 plans to use the fresh capital to deepen its presence in the United Arab Emirates and Australian markets, where it has made recent forays, and build its cars, bikes and financing business in India while investing in technology.
Indonesia social e-commerce platform Dagangan raises $11.5M Series A led by Monk’s Hill Ventures
The funding will be used to grow Dagangan's house brand of private-label local products, product development, talent acquisition, and grow partnerships with community leaders, key opinion leaders, local entrepreneurs, and village chiefs.
Digital payments are no longer just ‘nice-to-have’ but are now ‘must-have’ in business strategy, says 2C2P’s Aung Kyaw Moe [Q&A]
As the world becomes increasingly digital, there is an opportunity to ride on the growth of digital payments and provide secure and reliable financial services to meet the ever-changing needs of consumers here in the region. We expect to see a further acceleration in the adoption of digital payments in Southeast Asia as digital payments are no longer a…
Singapore-based RtistiQ launches Southeast Asia’s first online NFT-driven art marketplace
The online art marketplace leverages blockchain, non-fungible tokens (NFT) and near field communication (NFC) to provide provenance tracking and ensure authenticity of the artwork.
Singapore online marketplace Carousell becomes Southeast Asia’s latest unicorn after raising $100M
The latest funding round also came after Carousell raised $80 million in an investment round led by South Korean tech giant Naver in September last year.
