eCommerce

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. 

The present pandemic and the need for physical distancing caught the imagination of brands to develop a hybrid platform. As a result, the customers experience physical and digital shopping benefits and transform their buying experience to the next level. It is where "phygital" services came about. 

With reports of Korean e-commerce giant, Coupang, hiring senior executive staff in Singapore, here are the top 5 benefits Singaporean consumers enjoy with more e-commerce competition and investment into local logistics.