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…

Convergence between marketplaces & social media will continue in e-commerce, says Intrepid CEO Jasper Knoben [ORIGIN Innovation Awards Q&A]

Convergence between marketplaces and social media will continue in the e-commerce sector, according to Southeast Asia e-commerce services firm Intrepid Group Asia CEO Jasper Knoben. “Marketplaces adopt more live streaming, gamification, and other engagement propositions, while social media are offering more e-commerce functionalities,” he told TechNode Global. “Brands will need to continuously…

Singapore e-commerce startup Cococart raises $4.2M from Forerunner Ventures and Sequoia Capital for overseas expansion

Cococart, a Singapore-based e-commerce startup, announced Tuesday that it has secured $4.2 million in seed funding to expand its growth internationally. The new capital was raised from Forerunner Ventures and Sequoia Capital, with participation from Y Combinator, Uncommon Capital, Soma Capital, Liquid 2 Ventures, Fitbit Chief Executive Officer James Park, Curated Chief Executive Officer…

Indian social e-commerce start-up DealShare gets $45M funding from ADIA in an extension of its Series E round

India-based social e-commerce start-up DealShare announced Thursday that it has raised another $45 million as part of its series E funding round from a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA) which takes the company’s total funding to $393 million and valuation to $1.7 billion. The company will use the funds from its Series E funding round to power product…