Indonesian startup Mimin has secured seed funding from Otto Digital, a subsidiary of conglomerate Salim Group, to expand its chat commerce solutions and virtual assistant services for micro, small, and medium enterprises (MSMEs) in the country. Otto Digital’s extensive MSME community and networks in Indonesia make it an ideal partner for Mimin, according to the […]

SKS Capital, a venture capital and private equity firm based in Shanghai and Taipei, has announced its strategic investment of $5 million in Grace, Korea’s largest aggregator of international health and beauty brands. SKS Capital is the lead investor in Series B funding, and the capital raised will be used to expand Grace’s business operations […]

Direct2U, a B2B2C-assisted e-commerce platform and a brand of Flow Commerce Private Limited, has successfully raised Rs.1.8 Cr in a Seed Round led by Inflection Point Ventures (IPV). The funds raised will be utilized for technology development, hiring, marketing, and expansion plans. Direct2U aims to simplify cross-border e-commerce, making it accessible to businesses of all […]

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 […]

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 […]

ShopUp, the largest full-stack B2B commerce platform in Bangladesh, announced that it secured $30 million in debt financing, another major milestone in the country’s startup ecosystem. The $30-million financing round was comprised of $20 million from Lendable, the global provider of debt to fintech companies in emerging markets, marking their first investment in South Asia. […]

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 […]

iSeller, an omnichannel-based Point-ofSale platform that caters to online and offline merchants in Indonesia, has raised $12 million in its Series B funding round. The round was led by Intudo Ventures and backed by KVision and existing investors Mandiri Capital Indonesia, and Openspace Ventures, the company said in a statement. With the injection of fresh […]

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 […]

Indonesia’s collectibles marketplace Kick Avenue announced raising $2.9 million in its Series A funding round backed by Korea-based KREAM and Malaysia’s SneakersLAH. Started in 2017 by co-founders Christopher Eko, Alwin Sasmita and Reinaldo Gunawan, with Jeffry Jouw, co-founder of USS Network as the Business Advisor, Kick Avenue grew to become one of the most well-known […]