UK’s Ascential acquires Singapore e-commerce services provider Intrepid for up to $250M
Ascential plc, the specialist information, analytics and eCommerce optimisation company in the United Kingdom, has acquired Intrepid E-Commerce Services Pte. Ltd. (Intrepid), a provider of eCommerce execution services to brands in Singapore.
Ascential said in a statement on Thursday that the acquisition is for an initial cash consideration of $57 million, plus deferred consideration payable…
Singapore’s mum-focused e-commerce brand aggregator Rainforest raises $45M in equity funding
Rainforest, a Singapore-based mums-focused e-commerce brand aggregator, announced Monday that it has raised $45 million in a first close led by Canopy Tropics, backed by Southern Capital Group.
Returning investors, Monks Hill Ventures, Insignia Venture Partners, and January Capital also participated in the round, the company announced in a statement.
This latest financing brings…
Sea’s e-commerce arm Shopee lays off staff in food delivery, online payments & global teams – report
Southeast Asian internet giant Sea Ltd's e-commerce arm Shopee will lay off some workers in its ShopeeFood and ShopeePay teams in the region.
It will also let go part of its teams in Mexico, Argentina and Chile, as well as a cross-border team supporting the market in Spain, according to an internal memo seen by The Straits Times on Tuesday.
Shopee chief executive Chris Feng said it is…
Indonesia e-commerce logistic solutions startup Biteship secures Seed funding co-led by East Ventures and Beenext
Biteship, an Indonesia-based e-commerce logistic solution startup with a focus on empowering small-medium enterprises (SMEs) and enterprises, announced on Friday that it has secured an undisclosed amount of seed funding co-led by East Ventures and Beenext.
“We are happy to partner with East Ventures and Beenext for this investment round. This investment will accelerate our mission of…
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 Shoplazza's direct-to-consumer (DTC) brands,…
Malaysia’s e-commerce platform Shoppymore eyes 10 times more sellers & regional expansion
Malaysia’s newest e-commerce website Shoppymore aims to attract 1,000 sellers on its platform and targets a revenue of MYR10 million ($2.3 million) this year as it eyes expansion to India, Indonesia and the Philippines.
“What we have is a comprehensive and thorough mechanism with a three-fold objective; one, we look for vendors who are ethical and trustworthy, two, we ensure and verify that…
Vietnam’s Society Pass spins-off lifestyle e-commerce arm Leflair into Leflair Group
Society Pass Inc (SoPa), a Vietnam-based loyalty and ecommerce firm, announced Friday the completion of restructuring Leflair's Vietnam operations with the spin-off of Leflair Group.
Along with this restructuring, SoPa has appointed Loic Gautier as Chief Executive Officer of the new Leflair Group, SoPa said in a statement.
According to the statement, Ngo Thi Cham, Vietnam Country Head of…
Japan’s AnyMind Group launches e-commerce management platform AnyX
AnyMind Group, an end-to-end commerce enablement company in Japan, announced Wednesday the launch of AnyX, a one-stop e-commerce management platform for individuals and businesses that connects various e-commerce channels and AnyMind Group’s various platforms for manufacturing, e-commerce enablement, conversational commerce, marketing and logistics.
Through AnyX, an individual or business can…
Philippine e-commerce aggregator Armada Brands raises $1.3M Pre-Seed co-led by M Venture Partners and Foxmont Capital Partners
Armada Brands (Armada), a Philippine-based e-commerce aggregator, said Tuesday it has raised $1.3 million in pre-seed funding to invest in e-commerce entrepreneurs looking to scale their brands.
The pre-seed funding round of $1.3 million was co-led by the venture capital firms M Venture Partners and Foxmont Capital Partners, Armada said in a statement.
Kaya Founders, the early-stage…
Airwallex partners with Choco Up to empower cross-border e-commerce
Airwallex, an Australia-based fintech platform, announced Thursday its partnership with Choco Up, a Hong Kong and Singapore-based financing platform, to support the future growth of cross-border ecommerce.
By combining Airwallex’s proprietary global payments infrastructure with Choco Up’s flexible recurring funding solutions, the partnership enables a comprehensive and integrated finance…