eCommerce
Vietnam’s Loship raises $12M in pre-Series C funding led by BAce Capital, Sun Hung Kai & Co
Loship marks a Vietnam foray for both of the lead investors BAce Capital and SHK & Co, as part of their strategies to capture the emerging market opportunities in Southeast Asia.
Consumers are spending with overseas retailers more now than ever
2020 was the year of the pandemic, and undoubtedly, the year of e-commerce. With the mobility restrictions, people were spending more time at home and turning to the Internet to meet more of their daily needs. The result of this massive digital adoption was the exponential growth of the Southeast Asia e-commerce market.
Where are we headed in this brave new world? Here’s a look into BCE (Before COVID Era) and CE (COVID Era)
The control on the physical and digital world that you get from your home is unprecedented and as Paul Chaney wrote in Digital Handshake, we are seeing a melding of electronic and face-to-face interactions, which is now accelerated by COVID-19.
Indonesia’s HappyFresh raises $65M in Series D funding led by Naver Financial Corp & Gafina B.V.
The team plans to improve service offerings such as more payment methods, better user experience and assortment, bringing its service to more families in each country across the region.
Tale of the (used car) tape: Putting Carsome and Carro head-to-head
Carsome vs Carro: Who wins Southeast Asia’s used car fight?
Singapore’s Partipost bags $5M extended funding on Series A led by Quest Ventures
The funds raised will further develop Partipost’s tech platform and accelerate business expansion into Vietnam, as well as strengthen current operations in Singapore, Indonesia, Taiwan, Malaysia, and the Philippines.
Indonesia’s Desty raises $3.2M pre-Series A funding led by Xiaomi investor 5Y Capital
Desty will utilize the new funding primarily for team expansion and user acquisition. This move also marks 5Y Capital's first investment in Indonesia.
Malaysia online baby store Babydash raises $300K bridge round via equity crowdfunding
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.
Digital transformation has accelerated the warung ecosystem in Indonesia, says Warung Pintar’s Agung Bezharie Hadinegoro [Q&A]
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.”
For these three Vietnamese startups, COVID-19 is an opportunity amid the crisis
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.
