eCommerce

Desty will utilize the new funding primarily for team expansion and user acquisition. This move also marks 5Y Capital's first investment in Indonesia.

Babydash is now doubling down on key targeted activities to aggressively expand its customer and product base. The company aims to drive up revenue per transaction while expanding its footprint in ASEAN targeting to double the size of the company in the next 12 to 18 months.

Agung discusses how the pandemic accelerated digital transformation in Indonesia, and how MSMEs–or warungs in particular–are able to benefit with the aim to “accelerate Indonesia’s growth in the midst of a post-pandemic economic boom by empowering micro-retail businesses.”

In face of adversity, that’s when the DNA of entrepreneurs comes into play. And the resurgence of COVID-19 is another opportunity for entrepreneurs to display their grit, tenacity, and flexibility to adapt to an evolving situation. For some high-potential Vietnamese startups, this is not the time to stand still and just plan for survival.

The company was established amid the pandemic by its founder Bela Gupta D’Souza, who saw the pain points of mothers as consumers when purchasing online. She said that it is common for mothers to spend many hours in search of the best products for their children only to end up with inferior quality products from untrusted sources.

Catcha Group will become a shareholder of the Carsome Group in exchange for the sale of its shares in iCar Asia to Carsome.

Choco Up's investment is part of a wider closed round bridge investment, which also includes funding from Singapore-based Innoven Capital and Janio’s existing shareholders.

The purchase considerations for the proposed acquisitions will be wholly satisfied by the issue of new shares in the AirAsia SuperApp. Gojek will own 4.76 percent in AirAsia SuperApp after the proposed acquisition.

The development came after the startup is said to be weighing going public with special purpose acquisition company (SPAC) as option.

Locad currently runs seven fulfillment centers: four in the Philippines and one warehouse each in Singapore, Hong Kong, and New South Wales. The company plans to use part of its seed fund to further expand its warehouse network in the Philippines and across the APAC region.