Indonesia social e-commerce platform Dagangan raises $11.5M Series A led by Monk’s Hill Ventures
Indonesia-based startup Dagangan, a social e-commerce platform for underserved rural communities in the country, has raised $11.5 million in Series A funding led by Monk’s Hill Ventures.
Other investors include MMS Group, K3 Ventures, Spiral Ventures, and PnP, according to a statement on Tuesday.
“Our vision is that each and every one of the 100 million individuals in the underserved rural…
3 Reasons why Southeast Asia’s e-commerce is set to explode
The latest report from Facebook & Bain Company has proven that the “new normal” resulted in new purchasing habits which boosted digital consumption. The e-commerce sales in Southeast Asia are estimated to nearly double to $254 billion at the end of 2026.
While it is expected that digital spending will continue to expand amidst the pandemic, how much will SEA’s e-commerce companies grow as…
Indonesia e-commerce firm SIRCLO bags $36M funding from East Ventures, Saratoga, Traveloka
Editor's note: Updated with comments from Traveloka
Indonesia e-commerce solution company SIRCLO announced on Friday its funding round worth $36 million, which was led by East Ventures (Growth Fund) and PT Saratoga Investama Sedaya Tbk. (Saratoga), with participation from Traveloka, Sinar Mas Land, as well as other investors.
The funding aims to further develop SIRCLO’s technological…
Targeted e-commerce should be a discovery-led experience, says edamama’s Bela Gupta D’Souza [Q&A]
Digital commerce is experiencing accelerated growth in the region, driven by a big shift in consumer behavior and preference. According to the recent SYNC Southeast Asia report by Facebook and Bain & Company, digital retail in the region will grow by 85 percent year-on-year, with almost 80 percent of consumers going digital by end of 2021. This growth surpasses even other high-growth regions…
Singapore e-commerce startup Rainforest raises $20M pre-Series A funding round led by Monk’s Hill Ventures
Singapore-based e-commerce brand aggregator startup Rainforest announced on Wednesday that it has closed a $20 million pre-Series A round led by Monk’s Hill Ventures.
Other investors participating in the oversubscribed round are January Capital, Crossbeam Venture Partners, Amasia, Lo & Behold Group together with existing investors Nordstar and Insignia, the company said in a statement.…
AC Ventures insights: Emerging e-commerce opportunities in Indonesia
As Indonesia’s largest commerce businesses approach IPO scale and considering the dominance of Shopee, Tokopedia, Bukalapak, and Lazada, there can be few opportunities left in the e-commerce space.
However, even as the pandemic shifts online purchase behavior to overdrive, our estimates put total e-commerce as a percentage of retail sales in Indonesia at just over 10 percent. Compared to more…
Mom-focused e-commerce platform Edamama raises $5M pre-Series A for automation, logistics & product development
Edamama (edamama), a new e-commerce platform designed for mothers, has announced that it has raised $5 million in its latest pre-series A round. The capital will be used toward automation, product development, and innovations, as well as the company's warehouse and logistics operations.
The round was led by Gentree Fund together with Foxmont Capital Partners, Robinsons Retail, and Kickstart…
Singapore end-to-end e-commerce logistics firm Janio raises $8M from Choco Up to accelerate regional expansion
Hong Kong and Singapore-based revenue-based investment and FinTech firm Choco Up announced on Thursday an $8 million investment in Janio, a cross-border platform that provides integrated, end-to-end e-commerce logistics solutions in Southeast Asia.
Choco Up's investment is part of a wider closed round bridge investment, which also includes funding from Singapore-based Innoven Capital and…
Philippines e-commerce logistics startup Locad secures $4.9M Seed fund led by Sequoia Capital India’s Surge
Locad, an e-commerce logistics startup based in the Philippines and Singapore, has announced that it has secured $4.9 million in a Seed round led by Surge, Sequoia Capital India’s rapid scale-up program. The round was also participated by Antler, Febe Ventures, Foxmont, Hustle Fund, Global Founders Capital, and the Gokongwei family.
In an interview with Rappler Philippines, Locad Co-Founder…
The rise of pet-focused e-commerce is a sign of maturing market, says Oyen’s Kevin Hoong amid pet InsurTech’s $420K Seed raise
After launching its digital-first pet insurance platform in Malaysia in April this year, Oyen announced this June that it has raised Seed funding of $420,000 participated by notable backers such as Hustle Fund, alongside angel investors who are former and current executives from Airbnb, Facebook, and Rocket Internet.
The company will use the funds to enhance its proprietary digital insurance…