Category: Commerce

November 23, 2020

Egypt-based Cloud-based e-commerce enablement platform ExpandCart has raised US$2.5 million in a Series A round of funding . The round of financing was led by Egyptian VC Sawari Ventures with participation from Agility Ventures (the corporate VC arm of logistics firm Agility), and Graphene Ventures some angel investors. Launched in 2013 by Amr Shawqy and Sameh Nabil, the startup enables […]

November 16, 2020

Philippines-based social e-commerce platform Resellee announced in a statement that it has raised a US$1 million in seed financing. The round of funding was secured from Mintech Enterprises and Hofan Capital. The startup will use the fresh capital to grow its local operation and proceed to expand in 2021. “Resellee plans to deploy the proceeds […]

October 20, 2020

The Dhaka-based ShopUp startup that is aiming to digitize millions of neighborhood stores in Bangladesh just raised the country’s largest Series A financing round. Leading the $22.5 million in a round co-led by Sequoia Capital India  and Flourish Ventures. For both the venture firms, this is the first time they are backing a Bangladeshi startup. Veon Ventures, […]

October 16, 2020

Singapore-based wholesale automotive marketplace company Carro, has announced it has raised the equivalent of US$110 million in debt financing and additional equity. Investors that participated in the round of funding are Mitsubishi Corporation and MS&AD Ventures, the venture arm of MS&AD Insurance Group Holdings. According to Carro’s statement this development comes on the backdrop of […]

October 14, 2020

Retailo, an online B2B marketplace based out of Pakistan, has secured US$2.3 million in a pre-seed funding round led by Shorooq Partners, a seed-stage VC fund based in the Middle East. 500 Durians (the Southeast Asian unit of 500 Startups) and 92-Ventures also joined the round. Founded by Talha Ansari, Mohammad Nowkhaiz and Wahaj Ahmed, Retailo provides […]

October 13, 2020

Lusaka Grocery Delivery (LDG), a Zambian based women-led grocery delivery startup announced it has secured US$38.5k in seed investment according to a statement from CEO and founder Ngao Mutambo. The investment was from Amano Capital, a Lusaka-based investment firm which raises capital to support Southern African tech startup companies. Founded in April, 2020 by Ngao […]

October 12, 2020

Frontier Digital Ventures (FDV) a Malaysia-based online marketplace operator has announced it has raised US$67 million from a group of undisclosed institutional investors via share placement. The fresh capital infusion will be invested in the acquisition of three companies which operates in online; Fincaraiz in Colombia, Avito in Morocco and Tayara in Tunisia. After the […]

September 17, 2020

India-based cashback-focused ecommerce platform CashKaro, announced it has raised approximately US$10million in a Series B funding. The round of financing was led by Korea Investment Partners and Kalaari Capital (an already existing backer). The startup had previously raised 3.8 million USD through its ‘Series A’ round of funding with investments from Kalaari Capital, Mr. Ratan […]

September 15, 2020

Singapore-based B2C and C2C consumer marketplace for buying and selling new and used goods in Singapore Carousell, has struck an investment deal with a consortium led by South Korean internet giant Naver as announced by the startup in a statement dated September 15, 2020 Following the deal, Carousell will be valued at over US$900 million […]

September 15, 2020

Singapore-based indoor air quality sensor company uHoo announced in a statement dated September 15, 2020 that it has successfully secured an “oversubscribed by 50 per cent”. The round of financing was led by Wavemaker Partners with participation from existing investors from the real estate and tech world. The fresh funds according to the statement will […]

FI Sense