eCommerce

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.

The Series D2 round saw participation from one of the largest sovereign wealth funds in the region and a pool of new international investors such as Catcha Group and MediaTek as well as strong participation from existing shareholders including Asia Partners, Gobi Partners, 500 Southeast Asia, Ondine Capital, MUFG Innovation Partners, Daiwa PI Partners, and…

Indonesia’s total retail market is on track to cross $300 billion in the next three years, and with e-commerce just reaching $30 billion in 2020, there are still excellent growth prospects. For example, the largest single share of groceries alone makes up over $70 billion, with estimates of online penetration barely crossing 0.5 percent in 2021.

Along with the rebranding, Lazada Logistics is also introducing multi-channel logistics (MCL) services, which provide a single stock fulfillment solution to help e-commerce enablers and brands fulfill across all e-commerce channels seamlessly.

The delay comes as Indonesia's Financial Services Authority (OJK) considers new listing guidelines for tech companies to offer dual-class shares that confer different voting rights.

HOMA's plans to expand to 10 more new locations by 2022.

Sea’s strong revenue growth came when many of its markets continue to see a high volume of COVID cases.

Bukalapak is Indonesia’s fourth-largest e-commerce company after Tokopedia, Sea Ltd’s Shopee and Alibaba’s Lazada.