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Una Brands , a Singapore-based e-commerce aggregator, has partnered with South Korean peer KlickBrands to expand its footprint in SouthKorea. . The strategic partnership will help South Korean e-commerce brands grow domestically and make inroads into more countries in Asia.
Its video review marketing tool is called VREVIEW , and it works by sending a chatbot to a merchant’s customers to collect their video reviews and product ratings. The startup just raised $8.1 market in the second quarter of this year to attract more users overseas. The company employs 27 people in SouthKorea.
Socar , SouthKorea’s largest car-sharing startup, tumbled in its Seoul stock market debut Monday even after pricing shares below the bottom end of a marketed range. Socar’s debut comes amid a sluggish period in the IPO market in SouthKorea that has prompted a series of Korean companies to delay their listing plans.
According to an amended S-1 filing , South Korean e-commerce leader Coupang expects to price its initial public offering between $27 to $30 per share, potentially raising up to $3.6 Korean e-commerce firm Coupang raises $2 billion from SoftBank’s Vision Fund. After the IPO, Coupang will have a total of 1.7
SouthKorea-based human resources management platform flex announced today it has closed a $32 million Series B round at a valuation of $298 million. The latest funding, which brings its total raised to $42 million, was led by Greenoaks , with participation from DST Global Partners. .
Viva Republica, the Seoul-based fintech company behind Toss , a super app with more than 40 financial services, announced today it has raised $410 million at a post-money valuation of $7.4 It will also use the funding to continue its expansion in overseas markets, including Vietnam, where Toss launched last year. million users.
According to eMarketer , Japan and Korea’s e-commerce markets were estimated at $144 billion and $121 billion, respectively, in 2021. Despite the large e-commerce market size, both countries have fewer e-commerce aggregators than other countries with smaller markets, South Korean e-commerce aggregator New Vessel said.
The commercial real estate brokerage market in SouthKorea is fragmented, which makes finding a new office for tenants a challenge due to inaccurate listing information, high brokerage fee and complex paperwork. The latest funding brings its total raised to approximately $95 million. It has 354 employees as of October.
Peeba says the lack of B2B-focused online wholesale solutions and tech infrastructure hampered Asia’s antiquated B2B retail, wholesale market in business growth and new market entries during the pandemic. The new round of funding brings its total raised to $5.8 Wholesale marketplace Abound raises $22.9M.
This extension was led by automotive startup VinFast, a member of Vietnam’s Vingroup conglomerate, which itself is reportedly looking to raised $1 billion for VinFast. Karamba Security raises $2.5 ” Karamba Security’s XGuard. Pham Thuy Linh. million to keep hackers out of connected cars.
Standard Energy , a vanadium ion battery developer, announced today it has raised a $8.9 The SouthKorea-based company says its batteries’ advantages over lithium ion include less risk of ignition and the ease of sourcing vanadium. million Series C from SoftBank Ventures Asia.
As the boom of the e-commerce aggregator trend continues in Asia, SouthKorea, the fifth-largest e-commerce market in the world, is rolling up. The company said Tuesday that it has raised $35 million in debt and $15 million in equity in a Series A round. The investment comes months after the startup raised $4.75
South Korean AI chip developer Rebellions has raised a $22.8 million (30 billion KRW) extension to its Series A financing from a strategic investor KT , one of the largest telecom companies in SouthKorea. . The Pavilion Capital-backed AI chipmaker has raised about $72.8 million since its inception in 2020. .
ImToken , the blockchain tech startup and crypto wallet developer, announced today it has raised $30 million in Series B funding led by Qiming Venture Partners. Ethereum wallet imToken raises $10M Series A from IDG to expand in the US, Asia and Africa. Crypto boom continues as Chainalysis raises $100M, doubles valuation to over $2B.
The real estate market in SouthKorea is very fragmented, which means people often have to work with dozens of brokers before they find a new home. Today the startup announced it has raised a seed extension of $4.1 million, doubling its total raised to $8.2 Dongnae raises $4.1
Gbike , a SouthKorea-based micromobility Gcooter operator, is acquiring Hyundai Motor’s shared micromobility sharing platform ZET as it wants to increase its market share and create technological synergies via ZET’s fleet management system. . The financial terms of the deal were not disclosed. .
The SouthKorea and Japan-based startup automates front and backend processes including accommodation reservation, room management and front desk duties, and it will be using the funds to continue expanding its business. SevenRooms raises $50M to double down on reservations, ordering and other tools for hospitality businesses.
The latest round brings its total funding raised to $41.4 The global market of conversational commerce, also known as chat commerce or conversational marketing, is expected to increase to $290 billion by 2025, up from $41 billion in 2021, representing a 590% rise for the next four years, according to a report by Juniper Research.
Demand for contactless payments and e-commerce has grown in SouthKorea during the COVID-19 pandemic. This is good news for payment service operators, but the market is very fragmented, so adding payment options is a time-consuming process for many merchants.
According to a recent survey of 16,000 Snapchat users in 16 markets, 92% of Gen Zers want to use AR and VR for online shopping. The company currently offers its service to more than 22 small and medium companies in SouthKorea, and is in discussion with potential customers in the fashion, toy and food sectors, Ban said.
Swing , a South Korean electric scooter and micromobility startup, announced today it has raised $24 million in a Series B round to spur its growth and expansion to Japan. . With the fresh capital, Swing has raised a total of approximately $33 million (40 billion KRW) since its inception in 2019. . Swing aims to take the market.
SouthKorea-based peer-to-peer (P2P) lending platform PeopleFund announced today it has closed a $63.4 The latest funding brings the total raised by PeopleFund to about $83.6 Korean lending startup PeopleFund raises $11M led by chat app Kakao’s payment unit. million (75.9 While leading online lenders in the U.S.
It has raised $170 million, funding that it said it will be using to kick off its first air taxi services, which it noted in an announcement would be “in cities like Singapore, Rome, and Paris.” It has raised $579 million?in billion, which works out to a post-money valuation of $1.87B.
Viva Republica, an operator of South Korean finance super app Toss , has finalized a $405 million Series G funding and it says it is now valued at 9.1 trillion won in June 2021, when it raised $410 million in pre-Series G funding at a $7.4 SouthKorea’s currency has depreciated against the dollar this year.).
Founded in Singapore and based in Los Angeles and SouthKorea, Summer International announced today it has raised a $5 million seed round from investors including GDP Ventures, Teja Ventures, Gushcloud International and Singaporean angel investors Koh Boon Hwee and Shirley Crystal Tan.
by 2022, compared to China’s 6% and SouthKorea’s 34% in 2020. The e-grocery delivery market in Indonesia is projected to reach $6 billion by 2025. But e-grocery penetration in the country remains low and is estimated to be just 0.5%
Beam , a Singaporean shared micromobility operator, announced today that it has raised $93 million in a Series B round to accelerate growth into new countries in Asia. Singapore’s micromobility startup Beam raises $26 million. Advanced rider assistance systems: Tech spawned by the politics of micromobility.
With the home now a place for work, school and leisure all at once, the DIY home improvement market has grown so significantly that globally, it’s expected to reach $514.9 Bucketplace also claims that OHouse has been downloaded more than 20 million times in SouthKorea. billion by 2028-end , up from $333.7 billion in 2021.
Seadronix will use the capital to grow its team beyond the current headcount of 30 employees and enter global markets, including Singapore and Europe, where its “smart ports” are located, Byeolteo Park, CEO and co-founder, said in an interview with TechCrunch. Image Credits: Seadronix.
Launched in SouthKorea five years ago, content discovery platform Dable now serves a total of six markets in Asia. Now it plans to speed up the pace of its expansion, with six new markets in the region planned for this year, before entering European countries and the United States.
QuotaBook , a Seoul-based equity management platform, has raised $11 million in funding led by Elefund, with participation from Access Ventures, Hana Securities and South Korean fintech company Viva Republica. Some of its previous backers, including Draper Associates and Capstone Partners, joined the round. Image Credits: QuotaBook.
In August, the company announced a partnership with SK Telecom to expand cloud services in SouthKorea. In February, Lambda Labs raised a $320 million Series C venture round. The edge AI hardware market is projected to grow from $24.2 Oxide, which cites Shopify as a major ecommerce customer, has raised $78M to date.
Mom-and-pop stores and franchises — mostly offline — account for about 95% of the laundry market in SouthKorea, according to Laundrygo CEO Sung-woo Cho. But his SouthKorea–headquartered startup aims to digitize the laundry industry in the country. million in debt financing. billion by 2026, up from $18.7
The first is on some former Googlers rallying around their peer Caesar Sengupta, who raised $90 million to scale Arta Finance, a company that will provide individuals similar access to alternative assets that are usually reserved for the ultrawealthy. Three more from the TC+ team: Discounts! Get yer discounts! Rita has more.
Mycel , a South Korean startup making fungal-based biomaterials that can replace leather and meat, said it has raised $10 million (13 billion WON) in a pre-Series A round of funding. There are at least eight companies across the globe using mycelium to make leather, per the 2021 Material Innovation Initiative report. billion by 2026.
Urbanbase , a Seoul-based company that develops a 3D spatial data platform for interior planning and design, announced today it has raised $11.1 This round of funding was led by Hanwha Hotel & Resort, which is a subsidiary of South Korean conglomerate Hanwha Corporation. The company had raised Series A funding of $1.8
Fount , a robo-advisor startup in SouthKorea, has raised a $33.4 Returning backers Smilegate Investment, KT Investment, Shinhan Capital and Korea Development Bank also participated. As per its press release, its core market is people aged 20-49, including about 66.8% year on year, based on a local media report.
The Series A, which was oversubscribed — the firm initially targeted around $40 million — and wrapped up in less than three months, brings Rebellions’ total funding raised to about $80 million (100 billion KRW) at an estimated valuation of $283 million (325 billion KRW), CEO of Rebellions Park said in an interview with TechCrunch. .
Further confirmation that the esports market is booming amid the pandemic comes today with the news that esports “total solutions provider” VSPN (Versus Programming Network) has raised what it describes as “close to” $100 million in a Series B funding round, led by Tencent Holdings. SPACE in Seoul, SouthKorea.
The additional funding brings PeopleFund’s total raised to around $100 million in equity. In 2021, PeopleFund raised $63.4 In SouthKorea, P2P lending marketplaces must pass yearly requirements to get a license from Financial Services Commission (FSC) to run their business. million (75.9 Sign up here.
Eat Just’s current distribution partners in Asia include SPC Samlip in SouthKorea, Betagro in Thailand and an as-of-yet undisclosed new partner in China, where Just Egg is already available on Alibaba’s Tmall and JD.com. Alternative protein companies have raised a whopping $1.5 Singaporean startup Karana raises $1.7
Thuan Pham, who stepped down as Uber’s chief technology officer and longest-serving top executive in May, has a new job in SouthKorea. Coupang , the country’s largest e-commerce company by market share, announced today it has hired Pham as its new CTO. For Pham, joining Coupang, a SoftBank-backed unicorn that holds a 24.6%
The outfit also recently raised another 2.6 They include SouthKorea’s two largest telecoms carriers, SK Telecom and KT; Samsung Welstory, Samsung’s food distribution unit; and 42dot, the autonomous driving technology arm of Hyundai Motor. billion market by 2028, up from a mere $0.4
Berkeley-based cultured meat company New Age Meats announced Monday it raised $25 million in Series A funding that will enable the company to begin production of its first product offering, a variety of pork sausages, next year. He expects to be able to go to market in 2022, pending approval from the U.S. Food and Drug Administration.
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