eCommerce
India’s Evenflow raises $5M pre-series A round from Village Global and others
Evenflow Brands (Evenflow), an India-based e-commerce rollup firm, announced Thursday the closing of its pre-series A round of $5 million. The round saw participation from Village Global, 9Unicorns, Venture Catalysts, LetsVenture, Shiprocket, and marquee angel investors.
Malaysia’s unicorn Carsome acquires WapCar & AutoFun Businesses
The partnership will enable Carsome to capture and serve customers from their early stage of car exploration and bring a more engaging and fun experience to the car transaction and ownership journey.
India’s Zepto raises $200M Series D led by Y Combinator Continuity
Just nine months after launching, Indian quick commerce firm Zepto has announced its $200 million Series D fundraise, valuing the company at around $900 million. Y Combinator Continuity doubled down and led Zepto’s Series D, with new investor Kaiser Permanente joining in to back the company.
India’s Geniemode lands $28M Series B funding led by Tiger Global
Geniemode, an India-based business to business (B2B) cross-border tech platform for lifestyle goods, said Friday it has scooped up $28 million Series B funding led by Tiger Global. Existing investor Info Edge Ventures, also doubled down in the round.
Indonesian Bukalapak 1Q revenue surges 86 percent to $54.39M on higher Mitra Bukalapak contribution
Indonesian e-commerce firm Bukalapak said Thursday that its revenue for the first quarter of 2022 (1Q22) grew by 86 percent year on year to IDR788 billion ($54.39 million), underpinned by its Mitra Bukalapak’s growth.
Singapore’s Adgorithmics partners South Korea’s Klaytn Foundation to launch NFT-based loyalty program
Singapore algorithms e commerce firm Adgorithmics and South Korea blockchain platform Klaytn Foundation announced Thursday a partnership to utilize non-fungible tokens (NFTs) for an e-commerce incentive system and customer loyalty program through the MetaGachas platform.
Hong Kong’s Omnichat raises $1.8M Pre-A round funding to expand business to Southeast Asia
Omnichat, a Hong Kong-based omni-channel chat commerce solution provider, said Wednesday it has raised $1.8 million in Pre-A round funding and announced its business expansion plan to Southeast Asia. The funding will be used to finance Omnichat to further expand the business to Southeast Asia (SEA) markets, and the first stop will be Singapore, Malaysia and…
Singapore eCommerce checkout solution Arrow raises $4.8M seed funding led by Sequoia Capital India
Arrow, a Singapore-based eCommerce checkout solution, announced Tuesday a $4.8 million seed fundraise led by Sequoia Capital India and supported by Alpha JWC and Guillaume Pousaz’s Zinal Growth. High-profile angel investors such as Ooi Huey Tyng (current board member at AIG and Maxis), Steve Vickers (Chief Operating Officer at Paysend), and Hassan Ahmed…
