eCommerce
Singapore’s sneaker marketplace Novelship bags $9.5M in Series B funding round led by East Ventures
The new funds will accelerate the company’s move to amplify its brand presence across Southeast Asia. This includes enhancing its logistics capabilities, refining authentication processes, expanding its slew of in-house collections, and optimising its environmentally-conscious delivery process.
How to effectively start your social selling journey
#SocialSelling has been an effective way for businesses to boost the effectiveness of their sales efforts. 78 percent of businesses that effectively leverage social selling’s non-intrusive and relationship-based approach outperform their competitors.
Hong Kong’s cross-border eCommerce enabler Buyandship secures initial $10M in Series B funding, plans to expand into SE Asia
The funds will be allocated to automation of operations, research, and development in Artificial Intelligence (AI) and Machine Learning, and market expansion into the Southeast Asia (SEA) region.
Malaysia’s unicorn Carsome open to new funding, open to dual-listing – report
Carsome is ready for an initial public offering (IPO) but is in no rush to list.
Malaysia’s iPrice launches price comparison platform in Australia
IPrice Group, a Malaysia-based e-commerce technology company, has launched its price comparison platform in Australia. With the launch of iPrice.au, iPrice stands apart in the Australian market with its unique ability to compare and curate offers at the same scale that has led to their dominance across Southeast Asia (SEA).
Online wholesale marketplace Markato launched in Hong Kong
Markato, an online wholesale marketplace for independent retailers and buyers in Asia, has on Tuesday announced its official debut in Asia, launching first in Hong Kong. Markato will expand its footprint across the region beginning with Singapore in the coming months, to unlock the Southeast Asia hub’s B2B wholesale and retail opportunity.
PriyoShop’s Dipty Mandal on providing digital solutions for traditional retail [ORIGIN Innovation Awards Q&A]
"PriyoShop aims to create a perfect ecosystem for MSMEs by solving their end-to-end problems in terms of the supply chain, finance, managing their SKUs, and credit profiling. We are also going to launch a fintech solution called BNPL (buy now pay later) in collaboration with financial institutions to solve MSMEs' financial problems that will ensure their…
Online grocery firm Zepto raises $200M at $1.4B valuation, emerges as Indian first unicorn this year
Founded in July 2021, Zepto plans to go public in the next two to three years.
Singapore’s SEA reports higher revenue and profit in the second quarter
Singapore-based tech conglomerate Sea Limited has reported higher revenue and profit in the second quarter, underpinned by improved e-commerce businesses. The group's total revenue for the second quarter rose 5.2 percent year on year to $3.1 billion. It posted a total net income of $331 million in the second quarter, as compared to total net loss of $931.2…
Indonesia’s GoTo narrows losses in second quarter, closer to profitability
PT GoTo Gojek Tokopedia Tbk (GoTo), the largest digital ecosystem in Indonesia, has reported losses in the second quarter and it is on track for profitability. The firm's adjusted losses before interest, taxes, depreciation, and amortization narrowed to 1.2 trillion rupiah ($78.25 million) in the second quarter, driven by improved monetization and ongoing…
