eCommerce
India hyperlocal e-commerce platform LoveLocal raises $18M pre-Series B round led by Vulcan Capital
LoveLocal's Pre-Series B marks the largest round ever raised by a solo woman tech founder in India. This represents a huge step forward in the Indian startup ecosystem and comes at a time when less than 1 percent of Indian venture capital deals are invested in women-only-led companies. Moreover, the country is grappling with a sharply declining female labor…
Singapore fashion brand Love, Bonito raises $50M in Series C funding to fuel category and international expansion
Proceeds from the fundraise will enable Love, Bonito to bolster efforts in existing omnichannel markets and supercharge international expansion in markets that collectively are experiencing triple digits year-on-year growth. These key markets include Hong Kong, Japan, the Philippines, and the US.
DroneTech startup Poladrone raises $4.29 M in Malaysia’s largest Seed round
The funding round will allow Poladrone to scale up operations to better serve customers across the region and to attract top talent to further improve its products.
Omise targets to triple transactional processing volume in Malaysia as it launches operations in the country
Businesses operating online in Malaysia now have access to the full strength of Omise’s modern payment gateway to accept payments securely, manage transactions, send payouts, and expand operations regionally to capture more sales and grow revenue. Meanwhile, businesses using Omise in Thailand, Japan, and Singapore can seamlessly expand their business and…
Indonesia SaaS firm Majoo raises $4M in pre-Series A led by AC Ventures to accelerate instant store development for MSMEs
With its new funding, Majoo will accelerate its instant online store's product development and market penetration for MSMEs.
Emerging Vision to grow further in India & US as online ‘fortune-telling’ services soar amid pandemic
The firm is also expected to rake in revenue of more than $6 million this year as demand for its astrology, tarot card reading services gained popularity.
Grab expands merchant services for SMEs across Southeast Asia
This is in line with Grab Financial Group’s move to be more merchant-centric in its offerings and support its merchants’ business growth across the region.
Carousell Group acquires Singapore-based sneaker marketplace Ox Street to accelerate re-commerce growth
Following Carousell Group’s investment from STIC Investments, this acquisition of sneaker marketplace Ox Street underpins the group’s strategic priority to accelerate its re-commerce growth in Greater Southeast Asia.
Bangladesh re-commerce platform SWAP raises $1.25M in Seed funding to support growth in the country’s circular economy
SWAP has introduced the first ever cross-category exchange platform to facilitate the quickest upgrade program from even one category to another. This involves certified pre-owned products for consumers at as low as 60 percent of retail value with 1 year full warranty and insurance coverage including liquid and accidental damage. The platform has enabled…
iSeller raises $8M pre-Series B financing led by Openspace and AppWorks to digitize commerce in Indonesia
With the new funds, the company plans to enable more merchants to start, run, and grow businesses more easily, manageably, and efficiently, the company said in a statement. This will be achieved by aggressively expanding its e-commerce solutions and offline presence to 50 cities across Indonesia, building off the company’s current footprint in the Greater…
