The biggest news this week for Southeast Asia’s startup community would undoubtedly involve the USD 40M that luxury e-commerce company Reebonz raised from MediaCorp, Infocomm Investments, and a slew of other investors, as well as the fresh USD 100M round that Zalora, another fashion e-commerce outfit, has managed to cobble together.
Together, both developments hint at rising investment confidence in the region’s e-commerce’s prospects.
Reebonz, in particular, is a fast rising player that has expanded far beyond its humble Singapore beginnings. The luxury online store recently opened a flagship outlet in Sydney. It has launched localized sites in New Zealand, Australia, as well as South Korea, and is currently shipping to 22 markets in Asia, Europe, and North America.
For entrepreneurs, the ascendance of both companies has several possible implications: Read more
With contributions from Albert Mai.
The new Reebonz store in George Street, Sydney. Photo: Albert Mai
Since getting millions in venture funding from Intel Capital last year, Reebonz has been busy expanding into Australia and launching its online sales Down Under.
The Singapore startup, which offers members-only private sales of branded fashion goods, has also been preparing its flagship physical store in Sydney for a public debut. Read more
Singapore’s Reebonz, a startup that does online sales of luxury goods across Asia, and Vietnam’s VC Corp, an Internet content company, has raised a combined US$17M from Intel Capital. The exact figures of both investments were not revealed.
“Reebonz and VC Corp are examples of companies that are successful in getting Southeast Asians online because they provide engaging experiences tailored towards the needs and cultural preferences of consumers in the region,” said Arvind Sodhani, president of Intel Capital. Read more
Today, Facebook is an essential tool in any marketer’s arsenal. Which is why we decided to feature a list of top 30 Facebook Pages by businesses. The brands in this continuously-updated list are ranked according to the number of ‘likes’ and must be either a) companies started in Singapore b) companies started by Singaporeans c) international brands with a Singapore Facebook Page. Read more