eCommerce

Carro, the Singapore-based online used car platform, announced Thursday that it has recorded its best ever full-year positive earnings before interest, taxes, depreciation, and amortization (EBITDA) of $4 million for its latest financial year ending March 2023 (FY2023).

Evermos, an Indonesia-based social commerce platform, has successfully raised $39 million in its Series C funding round. The funding is led by the International Finance Corporation (IFC) — a member of the World Bank group — and IFC Emerging Asia Fund, LP, managed by IFC Asset Management Company.

Indonesian direct-to-consumer (D2C) cosmetics brand Rosé All Day Cosmetics (RADC) which has reported a four times increase in annual revenue in 2022, said it is on track to achieve a remarkable six times growth in revenue in 2023.

Singapore-based tech conglomerate SEA Limited has achieved a total net income was of $87.3 million in the first quarter, as compared to total net loss of $580.1 million a year ago. The group's first quarter total revenue was $3 billion, up 4.9 percent year-on-year.

Etaily, a Philippines-based business to business (B2B) eCommerce enabler, has emerged as the winner of the Expand North Star Pitch Competition, hosted in partnership with the GITEX Global team in the Philippines.

AnyMind Group, a Singapore-based commerce enablement company, has on Friday announced that it has agreed to acquire all shares issued by Indonesia-based eDistributor and e-commerce enabler, PT Digital Distribusi Indonesia (DDI).

Indonesian e-commerce company PT Bukalapak.com Tbk (Bukalapak) said last Friday it has slipped into the red by recording a net loss of 1 trillion rupiah ($68.18 million) in the first quarter, as compared to a a net profit of 14.55 trillion rupiah ($991.99 million) a year ago.

For online-focused merchants, the value of investing in payments has long been recognized. Payments are the most direct gateway to their customers, inextricably tied to the growth of their business. However, creating simple, seamless checkout experiences that meet the needs of a diverse set of customers in different geographies, is a challenge that only…

“We've been seeing consistent growth coming not just from the volume of the transactions but at the same time, the margin potential has also been increasing with the help of retail business and ancillary services,” its Co-Founder and Chief Executive Officer Eric Cheng said .

Verz Design, a Singapore-based web design agency and digital solutions agency, has on Tuesday announced that it has secured a $2 million investment from Meetsocial, a China-based digital marketing firm.