fbpx
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Marketplaces & E-commerce
    • Ecosystem
    • Robotics
    • Investments
    • EdTech
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Startup Investing
    • Fundraising
    • Product Launching
  • MORE
    • Events
    • Startups Advice
  • Submit an Article
  • REGISTER
  • login
No Result
View All Result
No Result
View All Result
Home E-commerce

SG e-commerce aggregator Una Brands launches with $40m funding

Team AsiaTechDaily by Team AsiaTechDaily
06 May 2021
in E-commerce, Venture Capital
0
Una Brands

Una Brands Singapore-based Co-Founders (from left to right): Tobias Heusch, Kiren Tanna and Kushal Patel

29
SHARES
Share on FacebookShare on Twitter
Bookmark(0)

Please login to bookmark

No account yet? Register

Una Brands, a Singapore-based e-commerce aggregation startup, has officially launched after raising $40 million in seed funding round, one of the biggest seed funding in the region, from a host of global investors, including early-stage venture capital firm 500 Startups.

The fresh capital will be used to acquire and scale e-commerce brands operating in Asia, particularly companies that have annual revenue between $300,000 and $20 million and strong independent branding, Una Brands said in a statement.

The startup is sector agnostic and will acquire business operating across leading platforms such as Lazaday, Amazon, Shopee, and Shopify, among others. The goal is to help these businesses scale their operations and handle more sales online.

The launching of Una Brands comes as more than 10 million third-party sellers are now operating on regional platforms across Asia Pacific. The e-commerce growth is also further fueled by the COVID-19 lockdown that has created a huge surge in online shopping demand.

The lockdown, according to Una Brands CEO Kiren Tanna, has encouraged many people to try shopping online for the first time and has created a behavioural shift in consumer habits.

The problem, however, starts when business owners get bogged down in the operational process when their businesses get beyond a certain size.

“They also often do not have the capital or expertise to take the brand to where they want to go. By partnering with Una Brands, brands can turbocharge their growth into new markets and channels,” Tanna added.

Tanna is the former CEO of Rocket Internet Asia and founder of Foodpanda and ZEN Rooms.

Aside from 500 Startups, the funding round was also backed by Kingsway Capital, 468 Capital, Presight Capital, Global Founders Capital, among others. Maximilian Bittner, the current CEO of Vestiaire Collective and former CEO of Lazada, also participated in the funding round.

Commenting 500 Startups’ investment, managing partner Khailee Ng said the VC firm sees a huge and growing e-commerce market in Asia Pacific and that there is a huge opportunity for consolidation and optimization.

What are your thoughts?
+1
0
Upvote
+1
0
Clap
+1
0
Clap
+1
0
On fire
+1
0
Meh
+1
0
Clap
+1
0
Tags: 500 StartupsUna Brands
Previous Post

Beauty tech platform Social Bella secures $56m for SE Asia expansion

Next Post

Indonesian big data analytics startup Bonza bags $2m

Related Posts

edamama
E-commerce

Philippine parenting e-commerce start-up edamama closes $20m Series A funding

August 12, 2022
Evo
E-commerce

DTC startup EVO raises $600K in East Ventures-led Seed funding round

August 3, 2022
Insignia Ventures Partners
Featured

Insignia Ventures Partners targets sunrise sectors after raising $516m

August 3, 2022
Packworks
E-commerce

Philippine B2B startup Packworks raises $2m, launches mobile ERP platform

July 28, 2022
Carousell Laku6
E-commerce

Carousell acquires Indonesian recommerce platform Laku6

July 27, 2022
Rush Recommerce
E-commerce

Rush ReCommerce scores $12.9m Series A financing

July 26, 2022
Next Post
Bonza

Indonesian big data analytics startup Bonza bags $2m

Discussion about this post

No Result
View All Result

Follow Us

FREE NEWSLETTER




Copyright © 2022 AsiaTechDaily.com| About Us | Seed accelerator| Terms of Use| Privacy Policy| Cookie Policy Contact : [email protected] | DMCA.com Protection Status | trusted by Wimgo

No Result
View All Result
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Ecosystem
    • Marketplaces & E-commerce
    • Robotics
    • Investments
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Startup Investing
    • Fundraising
    • Product Launching
  • MORE
    • Events
    • Startups Advice
  • Submit an Article
  • Forums
  • Jobs
  • REGISTER
  • Login

Copyright © 2022 AsiaTechDaily.com| About Us | Seed accelerator| Terms of Use| Privacy Policy| Cookie Policy Contact : [email protected] | DMCA.com Protection Status | trusted by Wimgo