eCommerce
Indonesia’s GoTo expands its sustainability commitments
PT GoTo Gojek Tokopedia Tbk (GoTo Group), the largest digital ecosystem in Indonesia, announced Friday that it has expanded its ‘Three Zeros’ commitments (Zero Emissions, Zero Waste, Zero Barriers) across its ecosystem, forming a consolidated approach and strategy for the company, united behind common sustainability goals.
NEA leads $70M Series C round in Indonesian social commerce platform Super
Super, an Indonesia-based social commerce platform serving tier-2 and tier-3 cities and Indonesian rural areas, announced Thursday that it has completed a $70 million oversubscribed Series C round led by NEA. The round also saw additional investment from Insignia Ventures Partners, SoftBank Ventures Asia, DST Global Partners, Amasia, B Capital, TNB Aura,…
India’s SUGAR Cosmetics closes $50M Series D funding led by L Catterton
SUGAR Cosmetics (SUGAR), one of India's largest omnichannel beauty companies and a cult favorite amongst Gen Z and Millennial consumers, announced Monday the close of its $50 million Series D fundraise led by the Asia fund of L Catterton, the largest global consumer-focused private equity firm.
GoTo’s 1Q22 gross revenue grows 53 percent to $357.38m
PT GoTo Gojek Tokopedia Tbk (GoTo Group), the largest digital ecosystem in Indonesia, announced Monday that its gross revenue for the first quarter of 2022 (1Q22) increased by 53 percent year on year to Rp5.2 trillion ($357.38 million), representing an improvement in take rate from 3.5 percent to 3.7 percent due to better monetization in e-commerce and…
Indonesia’s Astro raises $60M Series B funding, bringing the total investment to more than $90M
Astro, an Indonesia platform that enables 15-minute grocery delivery to customers, said Monday it has raised $60 million Series B funding led by Accel, Citius and Tiger Global, bringing its total investment to more than $90 million since it started in September 2021. Existing investors, AC Ventures, Global Founders Capital, Lightspeed and Sequoia Capital…
Choco Up partners with Shoplazza to transform the financing landscape for DTC e-commerce merchants
Choco Up, a global technology and financial services platform offering revenue-based financing and growth solutions for digital merchants and startups, today announced its partnership with Shoplazza, a global e-commerce Software as a Service (SaaS) platform. Together, their collaboration will provide quick and accessible business growth funding for…
SMU and Synagie partner to upskill and plug skill gaps in Southeast Asia’s ecommerce and tech workforce
The programs are specially designed to address the specific talent and skills shortages faced by the technology and eCommerce sector in Singapore and Southeast Asia, with the aim of upskilling over 3,000 sector professionals by 2025.
Japan’s chat commerce firm Zeals raises $38.77M funding led by JIC Venture Growth Investments
Zeals Co., Ltd. (Zeals), a Japan-based Chat Commerce provider, announced Thursday that it has raised a total of ¥5 billion ($38.77 million) in funding.JIC Venture Growth Investments led the ¥3.5 billion ($27.14 million) Series E round with participation from Z Venture Capital, a venture investment arm of Z Holdings, Japan Post Capital, and Salesforce…
Vietnam social commerce platform Aemi raises $2M Seed funding to provide solutions for creators and micro retailers
Aemi provides social sellers with high-end, authentic product assortment and a toolbox of inventory and marketing tools. These provide operational support for their customers. Aemi guarantees the authenticity of all products available on its platform through its direct collaboration with brands and provides its customers access to the best deals from brands…
Carousell to acquire fashion recommerce retailer Refash
Carousell Group, a Singapore-based recommerce group, announced Monday that it has signed a deal to acquire Refash, a Singapoore-based omnichannel fashion recommerce retailer, for an undisclosed sum. The partnership with Refash enables Carousell to take a significant next step for one of their core categories to make selling secondhand fashion even simpler,…
