funding

Retail Asia28/12/2018

Woowa Brothers, the operator of the popular food delivery app Baedal Minjok, said Thursday that it succeeded in securing $320 million from major foreign investors including Sequoia Capital, famous for investing in leading tech companies such as Apple and Google. According to Woowa Brothers, other major investors include China’s Hillhouse Capital – which is also […]

Retail Asia24/12/2018

Leading food ordering and delivery start-up Swiggy has raised US $1 billion (Rs 7,000 crore) venture funds from existing investors led by Naspers, to strengthen its technology and hire talent, it said on Thursday. “Swiggy will use the funds to bring more quality food brands closer to consumers and address gaps in supply through delivery-only kitchens, as […]

Retail Asia20/12/2018

Indonesian e-commerce company Tokopedia said on Wednesday that it had secured $1.1 billion in its latest funding round led by Chinese e-commerce giant Alibaba Group Holding and Japan’s SoftBank Group. This follows a similar investment in 2017, also led by Alibaba, which has been expanding rapidly into Southeast Asia amid slowing growth in China’s e-commerce market. […]

Retail Asia05/12/2018

Indian online marketplace Shop101 is seeking to raise $11-12 million in a Series B funding round. Talks concerning the investment are being led by Kalaari Capital and Unilever Ventures, with participation expected by current backer Stellaris Venture Partners, which invested $5 million several months ago. Investment capital is likely to assist the firm in technological […]

Retail Asia28/11/2018

Bottled ice tea brand Brewhouse Ice Tea Monday said it has secured US$ 2 million loan from Singapore-based FMCG firm Food Empire Group to expand its footprint and product offerings. Food Empire Group had previously invested US$ 6,00,000 in Positive Food Ventures in November 2017. Positive Food Venture Pvt Ltd, maker of bottled ice tea brand Brewhouse, […]

Retail Asia06/04/2018

Singapore-based lifestyle marketplace Zilingo has raised US$54 million in series-C funding, taking its total capital raised to $82 million. Zilingo was founded in October 2015 by Dhruv Kapoor and Ankiti Bose, who was inspired after seeing the clothing stalls in labyrinthine markets while backpacking across Indonesia and Thailand. Their idea was to connect a fragmented […]

Retail Asia25/06/2016

MyRepublic’s CEO has rejected reports that the company is having difficulty raising funds required to make a bid to become Singapore’s fourth mobile operator, calling the claim “a bold-faced lie.” Malcolm Rodrigues told us that the company has already lined up $130 million worth of the $250 million in funding needed to roll out a network. Rodrigues […]

Retail Asia14/06/2016

Hong Kong women’s apparel company Niologie Limited has received a capital injection of RMB20 million (US$3.034 million) for its wholly owned subsidiary Niologie China from one of China’s largest fashion brands. Shanghai La Chapelle Fashion gains a direct holding of 16 per cent of the shares of Niologie China through the investment co-operative agreement with […]

Retail Asia10/05/2016

Trade Minister Thomas Lembong asked Indonesia e-commerce companies to be careful in assessing risks posed by the e-commerce business. “What would happen if the funding stopped? In the United States, tech business boom has started to decline,” Thomas said at the Indonesia E-commerce Summit & Expo in BSD, South Tangerang, on Wednesday, April 27, 2016. […]

Retail Asia03/05/2016

Indonesian online retailer PT Bhinneka Mentari Dimensi is planning an initial public offering (IPO) in 2018 to widen its reach, one of its directors said on Thursday, as the e-commerce battleground heats up in Southeast Asia’s biggest economy. The e-commerce market in the country of 250 million people is ripe with potential but it is […]

Retail Asia18/02/2016

Myanmar’s garment sector is targeting a 300% increase in garment exports to the European Union (EU) by end of 2019 thanks to a EUR2.8m (US$3m) funding boost as the second phase of the SMART Myanmar project gets underway. The EU-funded SMART Myanmar project – SMEs for Environmental Accountability, Responsibility and Transparency – aims to build the sustainable […]

Retail Asia06/11/2015

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Singaporean software startup Semantics3 Friday said it has successfully closed a $1.55 million round of bridge funding, with Brussels-based seed investor E-Merge bringing $1.5 million to the table. The company will use the latest funding, which also saw participation from early-stage investor Zillionize, to expand its business team and ramp up sales efforts. The company […]

Tag: funding

Woowa Korea gets $320 million from overseas

Food delivery start-up Swiggy raises US$ 1 billion from venture funds

Indonesia’s Tokopedia Secures $1.1b From Alibaba, SoftBank

India’s Shop101 in talks for funding boost

Brewhouse Ice Tea secures US$ 2 mn loan

Zilingo raises $54 million in a new funding round

Singapore’s MyRepublic denies reports of funding woes

Niologie China receives RMB20m. boost

Trade Minister Warns about E-Commerce Funding Crisis

Indonesian online retailer Bhinneka plans IPO to fund expansion

New EU funding to help boost Myanmar garment exports

Singapore startup Semantics3 in new funding round