Multi-channel e-commerce aggregator Una Brands targets to further develop its platform after raising $30 million in its pre-Series C funding round. The fundraiser, which was a mix of equity and debt, will provide Una Brands with sufficient funding for its operations and acquisition plans in the next two years. The startup also plans to continue […]

Carousell Group, the multi-category platform for secondhand in Greater Southeast Asia, has doubled down on driving electronics recommerce across the region since acquiring control of Laku6, the leading AI-first end-to-end electronics recommerce platform in Indonesia. The group has integrated the Laku6 team’s expertise and proprietary AI-first diagnostic technology with Carousell Group’s tens of millions of […]

Evo Commerce, a health and wellness brand builder in Singapore, has announced the completion of its pre-series A funding round with $2 million in investments. The funding round was led by key investors including GSR Ventures, East Ventures, and 33 Capital. The round was also participated by Rainforest CEO JJ Chai, Wallex co-founder Hiro Kiga, […]

ShopBack‘s growth efforts across Asia Pacific received a boost after it bagged another $30 million to formally close its Series F founding round. The recent investment for ShopBack Group, which runs a shopping and rewards platform across Asia Pacific, came from Australia’s Westpac Banking Corporation. ShopBack closed series F round with a total of $200 […]

Carro, Southeast Asia’s largest online used car retailer, announced that it more than doubled its revenue and gross profit to a record in its last financial year, achieving more than S$650 million ($464 million) in revenue. It is currently tracking at over S$1.3 billion in run-rate revenue and is poised to deliver another 2x growth […]

Evo, a direct-to-consumer (DTC) startup based in Singapore, has raised $600,000 in its seed funding round led by East Ventures and participated by notable angel investors Aaron Tan from Carro, Joel Leong from ShopBack, Mohandass from Spenmo, and Jonathan Tan from Prism+. East Ventures is one of the first and largest multi stage venture capital firms […]

UK-based data and analytics company Ascential has purchased Singapore-based e-commerce omnichannel solutions supplier Intrepid in a deal that could value the company at $250 million. Intrepid received an immediate cash payment of $57 million as part of the acquisition, and deferred considerations will be paid over the next four years, according to the announcement. The […]

ShopBack, a shopping and rewards network with its headquarters in Singapore, has raised $$111m ($80m) in a Series F fundraising round, which was headed by Asia Partners and included existing investor January Capital. With this additional fundraising, ShopBack has now raised more than $319.36 million ($230 million) in total. ShopBack intends to use the additional […]

CARRO, Southeast Asia’s largest used automobile marketplace, and PT Mitra Pinasthika Mustika Tbk, Indonesia’s leading consumer automotive and transportation company, announced that they would enter into a strategic collaboration. CARRO will become a 50% shareholder of PT Mitra Pinasthika Mustika Rent after investing $54 million (Rp783.8 billion). This agreement kicks off a strategic partnership between […]

BeepBeep!, a quick commerce startup with a focus on fresh produce and daily essentials, has successfully raised a seed round of US$6 million led by Japan’s Genesia Ventures. The startup has recently introduced its competitive instant grocery delivery model to Southeast Asian consumers in catering to the modern consumer journey that demands convenience and speed, […]