New data from Shopee’s marketplace shows that a growing number of young Malaysians are turning to secondhand, pre-loved, and demo unit items over new products. The trend is a sign that younger consumers in Malaysia are becoming more environmentally conscious and want to make smarter consumption choices. Shopee’s data reveals that over the past three […]

Sea Ltd, the Singapore-based e-commerce giant and parent company of Shopee, has announced its plans to expand its investments in Malaysia. This new venture is expected to create over 2,000 job opportunities there. Shopee is currently the largest pan-regional e-commerce platform in Southeast Asia and Taiwan. Tengku Zafrul Aziz, Malaysia’s Minister of International Trade and […]

Malaysia-based social to conversational commerce platform Respond.io has announced raising $7 million in its Series A funding round led by venture capital investor Headline. The funding round was also participated by AltaIR Capital, Smart Partnership Capital, Sterling Oak Group, and Calendula Ventures, according to the announcement. Instant messaging has become the primary method of client […]

East Ventures, UOB Venture Management, Vertex Ventures SE Asia & India (VVSEAI), and RHL Ventures led the $29 million Series B fundraising round for RPG Commerce, Southeast Asia’s leading Direct-To-Consumer (DTC) social e-commerce platform. The money raised will go toward future-proofing RPG’s technology and development processes, as well as building and extending the company’s world-class […]

Southeast Asia’s largest integrated car e-commerce platform Carsome Group (Carsome) today announced the closing of its $290 million Series E round, bringing the company’s valuation to about $1.7 billion. Carsome’s position as Southeast Asia’s top complete e-commerce auto platform is strengthened even more by this fresh funding. Qatar Investment Authority (“QIA”), 65 Equity Partners (“65EP”), […]

Indonesian startup Hypefast bags $19.5 million in a Series A funding round led by Monk’s Hills Ventures, joined by Strive Arkblu Capital, Jungle Ventures, and Amand Ventures. Hypefast will be using the fresh funding to support its brand growth as it plans to expand in the region. The startup will also look at expanding its […]

Singapore-based cashback startup ShopBack has raised $40 million funding in an investment round led by Temasek, East Ventures, Indies Capital, EDBI, and January Capital. The fresh funding was announced in March but has been filed with regulators this week after getting a nod from the Australian Foreign Investment Review Board. This investment takes ShopBack’s total […]

Carsome Group, Southeast Asia’s largest integrated car e-commerce platform, has become Malaysia’s largest tech unicorn after raising $170 million in its Series D funding round. It also secured new credit facilities of $30 million, according to an announcement. The latest funding round, which brings the company’s valuation to $1.3 billion, saw participation from one of […]

RPG Commerce, a direct-to-consumer ecommerce company, announced that it has raised an undisclosed amount in its Series A funding round led by Vertex Ventures Southeast Asia, a Singapore-based venture capital firm backed by Temasek. Joseph Phua, co-founder and chairman of 17 Live also participated in the funding round that RPG Commerce, a startup incorporated in […]

Woowa Brothers, the south Korean food delivery giant, continues to bet on the fast-growing e-commerce sector in Southeast Asia, this time investing $1.5 million in Malaysia-based e-commerce aggregator platform iPrice Group. “As the SEA’s e-commerce market develops, the competition among e-commerce platforms is intensifying, and the number of sellers is increasing. We believe that iPrice’s […]