fbpx
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Marketplaces & E-commerce
    • Ecosystem
    • Robotics
    • Investments
    • EdTech
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Investors’ interviews
    • Founders’ interviews
    • Product Launch
  • MORE
    • Events
    • Startups Advice
  • Submit an Article
  • REGISTER
  • login
No Result
View All Result
No Result
View All Result
Home E-commerce

WEBUY acquires Indonesian group buy platform Chilibeli

Team AsiaTechDaily by Team AsiaTechDaily
15 March 2022
in E-commerce, Featured
0
WEBUY
133
SHARES
Share on FacebookShare on Twitter
Bookmark (0)

Please login to bookmark

No account yet? Register

WEBUY, a social ecommerce startup based in Singapore, Malaysia, and Indonesia, has acquired Chilibeli, Indonesia’s largest community group buying platform, for an undisclosed amount.

Chilibeli, like WEBUY, uses a social group buy model that optimizes the supply chain for cost savings to buyers and generates income for group leaders.

The company’s strong global supply chain will create synergies for the grocery group buy market in Indonesia. In addition, developed features like the In-App Chat and Short Video features will be implemented to enable Chilibeli’s 10,000 group leaders to leverage technology to do more community sales and increase order density, according to an announcement.

Chilibeli was founded in 2019, and raised $10 million in a Series A funding led by Lightspeed Venture Partners in early 2020. Investors include Golden Gate Ventures, Sequoia’s Surge accelerator programme, Kinesys Group, Addition Ventures and Alto Partners, amongst others.

“We are excited about the opportunities given from this strategic acquisition. This could not have come at a better time, as we were in the midst of expanding our business in Indonesia. Chilibeli’s current resources of group leaders, warehousing and staff are synergistic to our business, allowing us to serve APP with a stronger presence and benefit more people. With our strength in the global supply chain, technology and product features, we will become the leading social e-commerce startup in Southeast Asia,” said WEBUY CEO Vincent Xue.

First launched in Singapore in August 2019, WEBUY is a social e-commerce platform focusing on group buys that seeks to bring back the Kampung spirit of sharing and caring through group buying to the e-commerce environment in Singapore. Currently, WEBUY supports 3,000 group leaders and 100,000 consumers across Singapore, Malaysia and Indonesia.

WEBUY aims to give both merchants and consumers an opportunity to source and provide novel food and beverage (F&B) items while helping small and medium-sized enterprises (SMEs) across Asia expand their business opportunities.

Previous Post

Indonesian super app GoTo files for $1.1bn Jakarta IPO

Next Post

Digital Lending Platform RevFin raises US$13 million in pre Series A Funding

Related Posts

edit post
Sleek CEO, Eric Kim at the East meets West Pitch competition
AI & Big Data

Sleek’s ‘Hifive’ Fitness Platform Triumphs at 2023 East Meets West Pitch Competition in Hawaii

June 2, 2023
edit post
WeGoWhere
Featured

500 Global leads $1.2m Seed funding in social networking startup WeGoWhere

June 1, 2023
edit post
Hybr1d
Featured

SG startup Hybr1d raises $3.2m, eyes global workforce management expansion

June 1, 2023
edit post
TRIREC
Clean Technology

TRIREC, INNOPOWER team up for $100m green energy fund

May 30, 2023
edit post
Philippine Startup Venture Fund
Accelerator

Philippine Startup Venture Fund now has $143m to boost ecosystem

May 29, 2023
edit post
Stride
Clean Technology

Cleantech startup Stride raises $2m to support Vietnam’s clean energy transition

May 24, 2023
Next Post
edit post
RevFin

Digital Lending Platform RevFin raises US$13 million in pre Series A Funding

Discussion about this post

No Result
View All Result

Follow Us

FREE NEWSLETTER




Copyright © 2023 AsiaTechDaily.com| About Us | Seed accelerator| Terms of Use| Privacy Policy| Cookie Policy Contact : [email protected] | DMCA.com Protection Status | trusted by Wimgo

No Result
View All Result
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Ecosystem
    • Marketplaces & E-commerce
    • Robotics
    • Investments
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Investors’ interviews
    • Founders’ interviews
    • Product Launch
  • MORE
    • Events
    • Startups Advice
  • Submit an Article
  • Forums
  • Jobs
  • REGISTER
  • Login

Copyright © 2023 AsiaTechDaily.com| About Us | Seed accelerator| Terms of Use| Privacy Policy| Cookie Policy Contact : [email protected] | DMCA.com Protection Status | trusted by Wimgo

We hope you enjoy our content, May you please give us Feedback regarding our website!

Single Post Feedback