Indonesian Telkomsel Invests US$150M in Gojek

Indonesian Telkomsel Invests US$150M in Gojek

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Indonesia’s home-grown ride-hailing giant gojek today announced that it has raised US$150 million from Telkomsel, a leading network service provider and subsidiary of Telkom...
SG’s Gaming And E-Commerce Titan Sea’s Revenue Nearly Doubles in Q3 2020

SG’s Gaming And E-Commerce Titan Sea’s Revenue Nearly Doubles in Q3...

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Southeast Asian gaming and e-commerce unicorn Sea Ltd reported total revenue of $1.2 billion for the third quarter of 2020, up 98.7 per cent...
Amazon India Launches ‘STEP’ to Accelerate Growth of 7 Lakh Sellers

Amazon India Launches ‘STEP’ to Accelerate Growth of 7 Lakh Sellers

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Amazon India on Monday launched 'STEP,' a performance-based benefits programme, to help close to seven lakh sellers on its platform accelerate their growth. With the...
Softbank, Others Close to Investing $55-60m in Grofers

Softbank, Others Close to Investing $55-60m in Grofers

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Japanese investment conglomerate SoftBank, along with other investors, is close to investing about $55-60 million in Grofers to help the latter build a war...
India Reliance Acquires 96% Stake in Furniture Retailer Urban Ladder

India Reliance Acquires 96% Stake in Furniture Retailer Urban Ladder

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India’s Reliance Industries Ltd said on Sunday it has bought a 96% stake in online furniture retailer Urban Ladder for 1,821.2 million rupees ($24.4...
Singapore’s Shopee Sets New Record with 200 Million Items Sold on Singles’ Day

Singapore’s Shopee Sets New Record with 200 Million Items Sold on...

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Shopee has set a new record on this year’s 11/11 shopping festival with 200 million items sold, the firm announced on Thursday. It is...
Grab Inks Partnership with Lazada in Vietnam to Integrate Product Offerings

Grab Inks Partnership with Lazada in Vietnam to Integrate Product Offerings

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Grab announced a collaboration with Lazada in Vietnam on Tuesday to integrate their product offerings from November 11, enabling Vietnamese users of either app...
Alibaba Expects Livestreaming E-Commerce Penetration Rate to Reach 30%

Alibaba Expects Livestreaming E-Commerce Penetration Rate to Reach 30%

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Chinese e-commerce giant Alibaba expects livestreaming sales to continue strong growth, while livestreaming could make up 30% of all sales on its platforms in...
India: Social E-Commerce Startup CityMall Raises $3m Led by Elevation Capital

India: Social E-Commerce Startup CityMall Raises $3m Led by Elevation Capital

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CityMall, a social e-commerce venture has raised $3 million in its seed funding round led by Elevation Capital. The round also saw participation from...
Reliance’s JioMart Could Become India’s Fastest Growing E-Commerce Player

Reliance’s JioMart Could Become India’s Fastest Growing E-Commerce Player

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Reliance Industries Ltd’s JioMart, launched in May, could become the fastest-growing e-commerce platform in India, challenging Amazon India and Flipkart, analysts said. According to Goldman...
Pakistan’s Conatural Raises $825,000 to Grow Its Natural Beauty Brand

Pakistan’s Conatural Raises $825,000 to Grow Its Natural Beauty Brand

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Lahore-based natural beauty brand Conatural has raised $825,000 in a pre-Series A round, it told MENAbytes earlier this week. The investment came from Pakistan-focused...
Mumbai-Based Pharmacy Chain Wellness Forever Raises Rs 130 Cr from Poonawalla, Allana Group

Mumbai-Based Pharmacy Chain Wellness Forever Raises Rs 130 Cr from Poonawalla,...

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Mumbai-headquartered retail pharmacy chain Wellness Forever on Monday announced that it has raised Rs 130 crore in funding led by UAE-based Allana Group and...
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