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Una Brands launches with $40M to roll up brands on multiple Asia-Pacific e-commerce platforms

TechCrunch

But the e-commerce landscape is more fragmented in the Asia-Pacific region, where sellers use platforms like Tokopedia, Lazada, Shopee, Rakuten or Ebay depending on where they are. Una did not disclose the ratio of equity and debt in the round. That is where Una Brands comes in.

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Here are the 8 startups graduating from Chinaccelerator’s third class

The Next Web

AppSpree is a cross-promotion platform for mobile applications that is aiming to help app publishers promote their apps through an exchange network. The founders met at Mcgill College in Canada and have built a free SDK that lets developers submit banners to a network while adding the platform’s banner system to their own ads.

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E-commerce aggregator Una Brands raises $15M Series A five months after its launch

TechCrunch

The startup has not disclosed the ratio of debt and equity (like many other e-commerce aggregators, Una uses debt funding to buy brands because it is non-dilutive). The company now has 90 team members in seven offices across the Asia-Pacific: Singapore, Australia, India, China, Indonesia and Malaysia.

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SoftBank-backed Socar, South Korea’s largest car-sharing startup, tumbles on market debut

TechCrunch

Additionally, Socar is building an ecosystem for future mobility, including an autonomous driving platform, charging stations service for electric cars and micro-mobility. The Korean car-hailing company has set up Socar Malaysia, a 79% stake owned by SK Inc, and launched services in Malaysia in 2018 and Indonesia in 2020.

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Kodland, which teaches kids digital skills, grabs $9M to scale its online coding school

TechCrunch

Canada, CIS Region, Malaysia, Indonesia and Argentina — with the startup offering proprietary localized content for each target region (although its users are spread across some 40 countries). Although the online learning offered by Kodland’s platform is guided by teachers rather than self-serve. Ireland, the U.S.,

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SME lender Funding Societies raises $144M led by SoftBank Vision Fund 2, plus $150M in debt lines

TechCrunch

The fintech, which claims to be the region’s largest SME digital financing platform, uses alternative forms of credit-scoring and has disbursed more than $2 billion in financing to MSMEs since it launched in 2015. It is now licensed and registered in Singapore, Indonesia (where it is known as Modalku), Malaysia and Thailand.

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Despite layoffs, there’s still a talent crunch in Southeast Asia

TechCrunch

Glints , one of Southeast Asia’s largest jobs platforms with over 30,000 active job listings per month and 40,000 employers, recently issued a report that shows the situation may not be so dour (even though it probably doesn’t feel that way to someone who just got laid off). Layoffs also give startups a chance to build their core teams.

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