iPrice Group raises $5M from Itochu and KDDI Corporation
iPrice Group, Southeast Asia’s leading price comparison platform helping online shoppers save money, announced today that it has raised $5 million of additional funding. The capital was raised from Japan-based firms Itochu Corporation and the KDDI Open Innovation Fund III (operated by Global Brain Corporation). The additional funding will bolster iPrice’s role in finding shoppers […]
BRI Ventures’ VC fund leads Series A round in 500 startups-backed shoe brand
BRI Ventures’ VC vehicle Sembrani Nusantara Fund announced that it has led an undisclosed amount in a series A round in Indonesia’s direct-to-customer shoe brand Brodo. This round is the fund’s second investment after it made its debut investment of US$2 million in a series A round for Indonesia-based drink brand Haus earlier this month. […]
Malaysia’s iPrice Group raises $10m Series B led by ACA Investments
iPrice Group, the Southeast Asian e-commerce aggregator platform, has raised $10 million in its Series B funding round led by ACA Investments, a Daiwa-linked fund management company. The round was also participated by Daiwa PI Partners, LINE Ventures and Mirae Asset-Naver Asia Growth Fund. The Malaysian startup last raised an undisclosed round from Korean internet […]
Jirnexu raises $11m to be a one-stop shop for buying insurance and financial products
Kuala Lumpur-based financial services provider Jirnexu has bagged US$11 million in funding, it announced today. The series B round comes after a US$2 million refuelling last October, and it’s led once again by Japan’s SBI Group, with new investor SIG Asia Investments joining in. The company reported a 100 per cent year-on-year revenue growth for […]
E-commerce aggregator iPrice scores fresh funding in line-led round
Southeast Asia’s business-to-consumer (B2C) e-commerce market was worth US$10.9 billion last year and will grow to US$88.1 billion by 2025, according to research from Google and Temasek. An array of online marketplaces and retailers are competing against each other for a piece of that pie, trying to tempt online shoppers with special offers, loyalty perks, […]