Indonesian B2B Marketplace Ula Raises $20M Series A Led By Quona, And B Capital Group Jakarta-based wholesale e-commerce marketplace Ula has raised $20 million in a Series A round led by existing investor Quona Capital and B Capital Group. Existing investors Sequoia Capital and Lightspeed also participated in the fundraising.
Reliance Plans To Embed Its E-commerce App JioMart In WhatsApp Billionaire Mukesh Ambani’s Reliance Retail Ltd plans to embed its e-commerce app JioMart into WhatsApp within six months, allowing the 400 million users of India’s most popular messaging service order products without having to leave the app, two officials aware of the development said, requesting anonymity.
SoftBank Ventures Asia Leads $22M Funding In Sneaker Marketplace SODA Japanese sneaker sales platform SODA has landed a $22-million Series B financing round led by SoftBank Ventures Asia, bringing the total investment in the firm to $25 million. The deal marks SoftBank Ventures Asia’s first investment in Japan.
Gojek In Advanced Discussions With Tokopedia Over $18B Merger, IPO Indonesia’s ride-hailing and payments giant Gojek is in advanced discussions about merging with local e-commerce pioneer PT Tokopedia, ahead of a planned initial public offering of the combined entity, according to people with knowledge of the matter.
China’s Yonghui Superstores’ Fresh Food Unit Raises $153m From CICC, Tencent, and Others Yonghui Fresh Food, the fresh produce-based B2B platform of Chinese leading supermarket group Yonghui Superstores, has secured a corpus of 1 billion yuan ($153 million) in a strategic investment jointly led by Chinese tech giant Tencent, CICC and others.
Singapore's Shopavision Rolls Out Live Streaming Shopping Platform in S'pore with A US$374K Seed Funding Users can choose to buy products instantly within the live stream or add to cart and make payment directly via payment modes — credit cards, PayNow or e-wallets GrabPay and RazerPay, without leaving the stream.