Una Brands eyes Malaysia; Zoomcar enters Vietnam
Singapore-based e-commerce brand acquirer Una Brands plans to invest $23 million to buy Malaysian e-commerce firms next year.
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Singapore-based e-commerce brand acquirer Una Brands plans to invest $23 million to buy Malaysian e-commerce firms next year.
By Ding Yi / May 07, 2021 08:24 PM / Business & Tech Una Brands, a Singapore-based startup that buys up e-commerce brands with the goal of transforming them into household names, has raised $40 million in its seed round of equity and debt financing, as the Covid-19 pandemic has led to a surge in demand for online shopping. A number of investors joined the funding round, including 500 Startups, Kingsway Capital, 468 Capital, Presight Capital, Global Founders Capital and Maximilian Bitner, currently CEO of secondhand fashion platform Vestiaire Collective and former CEO of Lazada, a Singapore-ba...
One of the biggest funding trends of the past year is companies that consolidate small e-commerce brands. Many of the most notable startups in the space, like Thrasio, Berlin Brands Group and Branded Group, focus on consolidating Amazon Marketplace sellers. But the e-commerce landscape is more fragmented in the Asia-Pacific region, where sellers use platforms […]