Accelerators & Incubators
Policy & Regulation
Cartlow, UAE-based startup, raises 6 digit USD figure in first round of investments
With this investment, Cartlow plans to enhance technology and focus on near-future expansion to various GCC countries.
Ezay raises US$200K for e-commerce platform
The capital will be used to continue the rapid expansion of its retail and wholesale network within the region.
Chinese live streaming e-commerce service provider Goumee completes nearly 100 million yuan in series A funding
This round of financing will be mainly used for the expansion of the flow side, the supply chain side, and the research and development of the human-goods matching platform.
Beijing-based enterprise procurement platform Sunyur Network raised 100 million yuan in series A funding from Sequoia Capital China
Sunyur Network is an intelligent company which offers Digital Procurement Solutions for large and medium-size enterprises.
Saudi Arabia's Online Grocery Platform Nana Raises $18M in Series B Funding
Nana is an online grocery platform that currently serves 14 cities across the Kingdom.
B2B online marketplace Excess2Sell raises $1M
Founded by Rajan Sharma, Navinder Chauhan & Anant Chaturvedi, Excess2sell is a technology-driven marketplace which bridges the gap between the B2B sellers and buyers to connect them with each other and assist them to liquidate their overstock into cash.
Japan’s SoftBank plans to sell $14b in Alibaba shares
SoftBank Group Corp. plans to sell about $14 billion in shares of Chinese e-commerce giant Alibaba Group Holding Ltd.
BigBasket Close To Acquiring Milkbasket, DailyNinja To Dominate Daily Deliveries
If the deals go through, BigBasket's BBDaily will deliver close to 3 Lakh orders daily.
Social commerce platform Chilibeli bags USD 10 million Series A round
Chilibeli will use its fresh funds to feed the growth of its network of users, particularly in Greater Jakarta.
SoftBank-backed Grofers raises $5.8 mn from Singapore parent
The startup issued 330 equity shares, each at a rate of Rs 13,05,293, totalling the value of the investment to about Rs 43.07 crore or $5.8 million.
Chinese e-commerce firm JD.com to buy back $2b shares
Shares of JD were up nearly 6% in premarket trading.
JD.com eyes Hong Kong secondary listing as early as mid-2020
More Chinese tech titans are following Alibaba’s steps.
MOGU Announces Third Quarter Fiscal Year 2020 Unaudited Financial Results
A leading online fashion and lifestyle destination in China, today announced its unaudited financial results for the third quarter of fiscal year 2020
by Finance Yahoo
Pinduoduo announces fourth quarter and fiscal year 2019 unaudited financial results
Pinduoduo is an innovative and fast growing technology platform and one of the leading Chinese e-commerce players
Jumla has launched its logistics services in Kuwait
Jumla has been building the region’s largest community of businesses with the aim of simplifying their complex daily sourcing activities of food, beverage, and consumables.
Paper Boat Apps
Paper Boat raises Rs 30 Cr($4.05Mn) From Trifecta, Advent, A91
Paper Boat recently launched some traditional snacks such as peanut chikki, sesame chikki, aam papad, among others in small size assortments.
Vipshop Reports Unaudited Fourth Quarter and Full Year 2019 Financial Results
Fourth Quarter and Full Year 2019 Highlights.
Kuwaiti beauty ecommerce startup Boutiqaat in talks to raise up to $150 million at a valuation of $900 million: report
Boutiqaat sells over 25,000 beauty and fashion products all over GCC through its website and mobile apps from more than 700 international brands.
China's e-commerce giant JD.com delivers solid quarterly results, shares surge
Net revenues for the fourth quarter of 2019 were 170.7 billion yuan (or 24.5 billion U.S. dollars), an increase of 26.6 percent from the fourth quarter of 2018
Used car retailing startup Spinny raises $43.7M led by Fundamentum Partnership
The funds will be used by Gurugram-based startup to invest in technology, strengthen business teams, enhance customer experience and, expand to newer cities.
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