Formerly known as YouPoundit, Poundit is an ecommerce site for electronics and accessories that has built partnerhips with about 50 tech brands and authorized distributors including Sony, GoPro, ASUS, JBL, Harman Kardon, and Otterbox.
Tomas S. Noda III, writing for Deal Street Asia;
Singapore-based venture capital firm Cocoon Capital has made its business debut in the Philippines, investing over $629,700 (S$850,000) in a seed round for local e-commerce startup Poundit formerly YouPoundit.
Interesting name, sounds like “Found it!”
Alyza Angeles, writing for Yugatech;
We received information from Lazada that their Express Delivery is now out and about.
A preparation for the coming of Amazon Prime?
Tokopedia, an internet company that allows individuals and business owners in Indonesia to open and manage their own online stores easily and for free. Tokopedia provides a better online selling experience to the sellers, so that the sellers can provide a better online shopping experience to their customers.
Jon Russell, writing for TechCrunch;
Alibaba has continued its push into Southeast Asia after it led a $1.1 billion investment in Tokopedia, an e-commerce firm based in Indonesia.
A valuation for the deal was not announced, but the companies did say that Alibaba has become a minority shareholder.
Last December 2016, the online grocery store announced that they are under a new management;
Bigbag Fresh is currently under a new management and we are going through transition. We will post an official message in our official Facebook Page as soon as it is back up again.
It’s unclear when the store will open.
James A. Loyola, writing for Manila Bulletin;
Logistics 2Go Group, Inc., which has recently been taken over by Chelsea Logistics Corporation and the SM Group, is studying its possible entry into the e-commerce business on top of servicing the needs of its clients in the same industry.
This will be an interesting venture to say the least!
This is Amazon’s official announcement of Prime Now in Singapore.
Kevin McSpadden, reporting for e27;
Amazon has officially launched its Prime Now service in Singapore today, potentially opening the American e-commerce giant to Southeast Asia and the 600 million people who live here.
This is a giant putting is foot in the door. It’ll just a matter of time before Amazon goes all out in the region.
Jon Russell, reporting for TechCrunch;
Amazon is continuing its international expansion push with the launch of its services in Singapore coming imminently. The arrival could happen as soon as this week, according to a source with knowledge of the plans, and it will mark Amazon’s entry into Southeast Asia.
The launch will see Amazon Prime, Amazon Prime Now fast delivery and Amazon’s regular e-commerce services become available to Singapore’s population of over five million people, the source said. Pricing is unclear at this point.
Sainul Abudheen K, reporting for e27.
Amidst growing complaints of selling fake goods, non-delivery of products and allegations of scams, Philippines’ second largest daily deals site CashCashPinoy has wound up operations.
It’s always sad to see a good brand to not reach their full potential because of bad management.
Ayopop is a e-payment platform, where users can charge or load credits to their account via credit card, bank transfer, or thru other payment options.
Ayopop is based in Jakarta, Indonesia and c-founded early 2016 by Chiragh Kirpalani and Jakob Rost.
Samsung Malaysia Electronics today announced its partnership with several leaders in the banking industry as part of its strategic move to launch and expand its Samsung Pay ecosystem in Malaysia. CIMB, Citibank and Standard Chartered have joined as partners for Samsung’s mobile payment service Samsung Pay, with Hong Leong Bank coming on board soon. The result is a wide platform for the partners’ respective customers with eligible payment cards1 to enjoy a more seamless digital mobile payment experience. These partnerships enhance Samsung’s existing collaboration with Maybank and are an expansion of its current affiliation with major payment networks, Mastercard and Visa, as well as loyalty card partners, B Infinite, Bonuslink and Sunway Pals.
Doris Dumlao-Abadilla, reporting for the Philippine Daily Inquirer;
The Ayala group has entered the e-commerce business with a deal to acquire a 49 percent stake in BF Jade E-Service Philippines, which owns and operates Zalora Philippines.
Zalora Philippines is currently the country’s largest online fashion platform offering a wide range of fashion and lifestyle products.
51% of Zalora Ph is still owned by German startup factory Rocket Internet.
Shopee is a fun, free, and trusted online marketplace where you can buy and sell on mobile, anytime, anywhere!
Flipkart is India’s leading ecommerce marketplace with more than 80 million products across more than 80 categories.
The company was launched in 2007 by a team of 2. Today the company is valued at $6 billion.
Sociolla is Indonesia’s trusted and most complete online shopping destination offering authentic beauty products e.g. make up, skin care, hair care, fragrance and beauty tools serving women across Indonesia.
Sociolla was founded in January 2014 by
SelluSeller SaaS Technology and integration with ecosystem players makes online selling and ecommerce logistics simple for everyone. The Anchanto platform is an ecommerce ecosystem, enabling and connecting all key players across the globe. Anchanto was established on 17th June 2011 in Singapore with the vision “to give customers an enachanting experience” through our software platform and associated services.
Anchanto, an ecommerce and logistic company based in Singapore. The Anchanto platform is ecommerce ecosystem, enabling and connecting all key players across the globe. Anchanto was established on 17th June 2011 in Singapore with the vision “to give customers an enchanting experience” through our software platform and associated services.
Michael Tegos, reporting for Tech in Asia;
Ecommerce and logistics company Anchanto has launched a new software platform that helps merchants, brands, and distributors sell products on a multitude of marketplaces. The product, called SelluSeller, was announced today during a company event in Singapore.
Paisawapas.com, simply known among the top Cashback sites in India, serves its users by catering them best deals, discounts and coupons which are tested manually every day for the ease of the customer to compare and purchase their favorite products on 100+ various online websites (eg. Flipkart, Amazon, Paytm, Snapdeal, Jabong, Makemytrip, Yatra, Goibibo, Zovi, Foodpanda etc) along with the Extra Cashback on their transactions. We help our users save upto 20% cash back on their online shopping. Our mission is to be a single platform, where any user can get best experience at browsing their favourite items, knowing the best discount & offer on it and earning extra cashback as well.
Founded by by IIT alums Shankar Kotuli and Ashish Kumar, the site was launched in May 2015.
Nadine Freischlad, writing for Tech in Asia;
It sounded like the perfect ecommerce idea: in a fairly conservative, Muslim-majority country, sell lingerie online. Women (and men) might be more enticed to purchase if there’s a discreet way and a broad selection.
With this premise, Lolalola launched in March 2015. Today, the startup’s website reads that it has stopped operating, without stating any further reason. The page sends customers to Lolalola’s social media channels instead. It says customers can still make purchases there.
Carousell was started to solve the problem of having too much uncleared clutter around us. We wanted to create a simple, intuitive and fuss-free way to declutter homes and lives and, in the process, make buying and selling from a mobile phone an irreplaceable part of everyday life. Snap, list, sell. 30 seconds is all it takes to get started with your new favourite app!
Snap, List, Sell – Create free listings to sell your stuff in 30 seconds. Shop new, thrift and vintage from your iPhone and Android.
The company has presence in Singapore, Malaysia, United States, Indonesia, Taiwan, Australia and Hong Kong.
Shopee is a mobile marketplace designed for both buyers and sellers to enjoy fast, smooth and safe transactions. A leading mobile-first marketplace platform in Southeast Asia (Singapore, Malaysia, Thailand, Indonesia, Vietnam and the Philippines) and Taiwan.
Headquartered in Malaysia and was launched in 2015.
Duriana is one of the fastest growing mobile-first, peer-to-peer, fashion and lifestyle marketplaces in SEA that allows users to list items from their mobile phone in less then 30 seconds and browse over 1million treasures and treats split across 10 categories from over 50000 sellers. User can shop in their neighborhood or across borders with simple payments being handled on the platform.
Duriana is based in Malaysia and was founded in Oct 15, 2013.