eCommerce
ShopBack launches ShopBack PayLater alongside global brand refresh
ShopBack, Asia-Pacific’s leading shopping and rewards platform, has launched ShopBack PayLater, a Buy Now, Pay Later (BNPL) payment option. As the entry point to rewarding shopping for over 30 million shoppers across the Asia-Pacific, the Group aspires to now be the preferred checkout option for shoppers with PayLater.
India’s Vegrow raises $25M Series B funding led by Prosus Ventures
Vegrow, India’s leading business to business (B2B) marketplace for fruits announced Monday it has secured funding of a $25 million Series B round led by Prosus Ventures. Marquee investors Matrix Partners India, Elevation Capital, Lightspeed and Ankur Capital participated in the round while prominent angel and agri veteran Sanjiv Rangrass continues to back…
Singapore’s Carousell teams up logistics firm Zeek to launch quick shipping option in Hong Kong
Carousell, a classifieds group based in Singapore, has on Thursday officially announced its partnership with Zeek, the on-demand logistics technology platform, to launch a brand-new delivery option that provides a comprehensive and integrated shopping journey for Carousell users in Hong Kong.
Singapore-based Lendor appoints Jo Olivia Lee as COO to lead expansion to Thailand and South East Asia
Lendor, a Singapore-based circular tech startup has welcomed the appointment of Jo Olivia Lee as Chief Operating Officer who will be responsible for the continuous development of the app, platform services and infrastructure. She will be overseeing administrative and operations for both the Singapore office and the recent launch of Lendor Thailand.
Bangladesh’s ShopUp announces $65M follow-on round led by Peter Thiel’s Valar Ventures
The company had previously completed a $109 million Series B Peter Thiel’s Valar Ventures leads $75 million Series B in Bangladesh’s ShopUp">six months ago.
Singaporean sneaker marketplace Novelship partners with TripleA to pay sellers in crypto
Novelship, a Singapore-based marketplace for limited-edition sneakers, streetwear, and collectibles, announced Monday the launch of its crypto payout feature. In partnership with TripleA, a crypto payment gateway licensed by the Monetary Authority of Singapore (MAS), sellers on Novelship can now opt to be paid withcryptocurrencies.
Society Pass launches universal, open-loop loyalty application targeted at the ‘Digital First’ Southeast Asia Region
Society Pass Incorporated (SoPa) (Nasdaq: SOPA), Southeast Asia’s leading data-driven loyalty and e-commerce ecosystem, announced on Monday the launch of the beta version of its universal, open-loop loyalty application, Society Pass, to earn and redeem loyalty points, Society Points, endeavouring to create permanent customer loyalty and replace cash…
Vietnam’s OnPoint closes $50M Series B funding led by Temasek’s fund
OnPoint, a Vietnam-based e-commerce enabler, announced Friday it has raised $50 million Series B funding led by SeaTown Private Capital Master Fund, a fund managed by SeaTown Holdings International (SeaTown), an indirect wholly owned subsidiary of Temasek Holdings. SeaTown’s investment will be the largest private investment in the Southeast Asia (SEA)…
Singapore’s mum-focused e-commerce brand aggregator Rainforest raises $45M in equity funding
This latest financing brings Rainforest’s total capital to over $100 million since its launch in January 2021, the company further expects to reach profitability by the end of 2022.
