Bangladesh re-commerce platform SWAP raises $1.25M in Seed funding to support growth in the country’s circular economy
SWAP, Bangladesh’s first re-commerce platform announced Thursday it had raise $1.25M in Seed funding, led by Accelerating Asia with participation from ZA Capital Advisory, Bangladesh Angels and Southeast Asian angel investors.
Through SWAP, users can sell, swap, or buy products such as smartphones, laptops, appliances, vehicles and more at the press of a button. It operates as a C2B, B2B and…
EI Industrial raises $670K to launch Vietnam’s first industrial-focused B2B e-commerce marketplace
EI Industrial, the first industrial-focused B2B marketplace in Vietnam, announced Wednesday a $670,000 seed financing round led by early-stage venture capital firm Cocoon Capital with participation from BEENEXT.
EI Industrial plans to invest in building a faster and more user-friendly platform and in expanding the sales, marketing, and technology teams to drive rapid growth, the company said…
Indonesia e-commerce firm Ula bags $87M Series B, ropes in Amazon’s Jeff Bezos as investor
Editor's note: Updated with statement from Ula
Indonesian e-commerce startup Ula announced on Monday that it has secured $87 million in Series B funding round co-led by Dutch tech investment firm Prosus Ventures, China-based tech giant Tencent, and US-based investment firm B Capital Group.
The trio were also joined by Amazon founder Jeff Bezos's Bezos Expeditions, and Southeast Asian…
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…