Shopmatic, an ecommerce enabler for small businesses, announced pre-series A funding of US$5.7 million led by Singapore-based VC firm ACP and Spring
The household name enjoys an extensive offline presence in Thailand, operating over 70 locations in department stores and shopping complexes nationwide.
21% of retailers around the world are still using catalogs to promote their products and as much as 18% of retailers are still dependent on a call center.
With aCommerce end-to-end ecommerce solutions, The Outlet24 grew its GMV at 69% average annual growth rate since its launch.Central Marketing Group (CMG) is a leading distributor of imported & local fashion and lifestyle brands such as Wrangler, G2000, La...
Google and Temasek predicted that the Philipinnes’ e-market is poised to reach $19 billion (P918 billion) by 2025, out sizing both Malaysia and Singapore
Once completed, the deal would mark the country’s second-largest startup fundraising effort so far in 2017, surpassed only by ride-sharing giant Didi Chuxing’s $5.5 billion round
Most VCs tend to agree that the trends and lessons learned in Thailand apply across the rest of the region, especially in upcoming major markets such as Indonesia, Philippines and Vietnam.
The tide is slowly turning from a few years ago when customers were more accepting if their order was late or inaccurate as ecommerce was so new.