StoreHub has raised a US$8.9 million (RM36.2 million) funding round led by returning investors Vertex Ventures Southeast Asia & India, with participation from Accord Ventures and a private family office with dual headquarters in Southeast Asia and Europe.
Licious, a Bangalore-based startup that sells fresh meat and seafood online, has secured $30 million in a new financing round as it looks to expand its footprint in the nation.
By creating a zero investment model for sellers, and building trust among buyers, social commerce startups such as CoutLoot and Mall91 are changing the rules of ecommerce.
Sunday, a leading full-stack insurtech based in Thailand, has raised a USD 11 million extension round to its Series A financing. The round was led by Quona Capital, a leading fintech venture firm whose funds are anchored by Accion, with participation from existing investor Vertex. The new funding will provide growth capital to enable Sunday to expand its business and build enhancements to its proprietary core technology, which utilizes machine learning to price premiums for health, motor, and travel insurance in real time. More information is available at www.easysunday.com.
Currently, Licious processes more than 17,000 orders every day, with nearly 90 per cent of the business coming from repeat clientele.
That livestreaming e-commerce is successful shouldn’t be surprising, as teleshopping is still seeing optimistic growth. In countries like the US, at-home shopping is still making a lot of money, and certainly a case for not fixing what ain’t broke.