Accelerators & Incubators
Policy & Regulation
Chinese social e-commerce Wukong Zhanggui raised a billion-yuan A round of financing led by GF Investment
The startup provides users with various discounts and goods, and provides users with services such as home delivery through online sales.
3 hours ago
Alibaba acquires Beijing-based intelligent catering management startup Keruyun
Hangzhou-based Alibaba completed the acquisition through a local life service unit, Alibaba Local Life Service, Keruyun
4 hours ago
Kenya-Based B2B eCommerce Startup Sokowatch Raises USD 14 Mn Series A, Eyes Expansion
The Kenya-based B2B e-commerce startup known as Sokowatch, which connects informal retailers directly to local and multinational suppliers, has raised USD 14 Mn in a Series A round.
Indonesian unit of Chinese e-commerce giant JD.com claims unicorn status: Report
The e-commerce company actually reached a valuation of $1 billion last year.
Chinese cross-border B2C e-commerce firm Orderplus closes USD 14.3 million Series B round
The company booked slightly more than RMB 100 million in profits.
B2B ecommerce startup MaxWholesale raises $3M in Series A
B2B ecommerce startup MaxWholesale will use the funding to hire new talent and develop its technology stack further while accelerating growth.
Alibaba beats expectations in latest quarterly earnings
Recording a 38 percent year-on-year growth for the quarter that ended Dec 31, Alibaba reported earnings per share at $2.61, also outperforming estimates of $2.22 by Wall Street analysts.
Rwandan startup launches e-commerce marketplace platform
Rwandan startup Panatech has launched Iduka Online, an e-commerce marketplace that allows users to buy and sell goods across categories such as electronics, fashion, and furniture.
Sellanycar.com raises $35M investment to accelerate regional growth
The new capital will be used to accelerate growth throughout the GCC and SellAnyCar.com is now expanding into Saudi Arabia with plans to employ more than 300 Saudi nationals and open 100 branches throughout the Kingdom.
Udaan makes its first investment, infuses $2M in Ahmedabad startup PetPooja
Founded in 2011, Ahmedabad-based startup PetPooja aims to be the operating system of an F&B outlet, and provides billing, menu, inventory management tools, CRM, online delivery as well as payments solution to restaurants.
Online furniture startup Pepperfry raises $40M in Series F round
Online furniture startup Pepperfry has raised $40 million in Series F funding led by Indian adhesives manufacturing company Pidilite Industries.
Indonesian B2B marketplace for FMCG gudangada secures seed funding led by Alpha JWC, Wavemaker
Since its inception, gudangada claims to have onboarded thousands of distributors, wholesalers and retailers onto its platform and covered 500 cities.
Omani ecommerce marketplace MarkeetEx raises $1 million seed
MarkeetEx is an Amazon-like ecommerce marketplace that sells different products ranging from fashion and jewelry to food and grocery, mainly in Musat, Oman.
Tencent, Dragoneer to invest $250m in London’s fashion marketplace Farfetch
The investment “elevates the ongoing relationship” between Tencent and Farfetch.
Indian B2B startup Zetwerk banks $2.2m from Innoven Capital
Established in 2018, Zetwerk offers an on-demand platform for original equipment manufacturers (OEM) and engineering procurement construction (EPC) firms
Vietnamese ecommerce firm Leflair temporarily halts local operations
Founded in 2015, Leflair focuses on making high-end beauty, home, and fashion products more accessible and more affordable.
Chinese video e-commerce platform KuaiJie App received tens of millions yuan in angel round funding
The fund will be mainly used for market expansion and talent acquisition.
Homzmart, an Egyptian-based online home furnishing marketplace raises $1.3M Seed
Homzmart aims to focus on the home furnishing sector in MENA region.
SG’s Anchanto raises $4m more from MDI Ventures as part of $35m Series C round
The deal, which was sealed at the end of last year, was also confirmed by MDI managing partner Kenneth Li.
Pomelo accelerates growth by acquiring fashion e-commerce platform Looksi
Formerly known as Zalora Thailand, Looksi will have its platform and social media presence being merged into Pomelo ecosystem.
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