Indonesian Telkomsel Invests US$150M in Gojek
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...
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 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
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’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...
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 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%
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
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 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
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,...
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...
