Thai e-commerce distributor N-Squared, Pakistani fashion e-commerce startup Clicky.pk, Singapore-based messaging software startup Aampe and S. Korean mobile payments app have secured fresh capital in their latest funding rounds.
Thai e-commerce distributor N-Squared raises Series A
Thai e-commerce distributor N-Squared Ecommerce Group has raised an undisclosed sum in its Series A funding from institutional investors to invest in its core technology and services, as well as to expand its footprint across Southeast Asia.
Investors in the round include KKP Capital Plc, Siam Alpha Equity’s Private Equity Trust for SME Growing Together 2, Chanwanich Group, AHMP and ECG-Research.
The startup is the official e-commerce distributor for over 130 brands in six Southeast Asian countries. In addition, it owns two direct-to-consumer brands, HomeHuk for online home and living and XtivePro for sports goods in Thailand.
Pakistani fashion e-commerce startup Clicky.pk snags $700k
Lahore-based fashion e-commerce startup, Clicky.pk has secured $700,000 in a pre-Series A round of funding, per its announcement on Monday.
Former executives from the e-commerce platform Amazon Middle East and North Africa (MENA) region and China-based smartphone maker Xiaomi, along with few other angel investors, participated in the round.
The new funds will be used to grow a team of fashion designers for home-grown labels, the startup said in a statement. The fashion marketplace will also invest in logistics and supply chain in four major cities of Pakistan. Earlier investors of Clicky.pk include Souq.com and Pakistan’s early-stage VC fund Fatima Ventures.
S Korea’s Chai Pay raises $16.7m investment
Chai Pay Holding, a mobile payments app powered by Terra’s blockchain network, has raised $16.7 million from Hanwha, SK Networks and others, according to VentureCap Insights.
The company has raised a total of $33.8 million to date, at a valuation of around $138.5 million, VentureCap Insights added.
By October 2019, Chai Pay has facilitated $54 million worth of transactions via the Terra blockchain in its first four months of operation, according to media reports. Last year, Terra expanded to Southeast Asia with an office in Singapore.
Singapore messaging startup raises $1.8M from Surge
Singapore-headquartered messaging software startup Aampe has bagged a $1.8 million funding led by Sequoia Capital India’s accelerator programme Surge.
Founded in July 2020, Aampe uses machine learning to personalise messages and communication for customers, helping businesses drive better customer retention and growth. Aampe has acquired key customers across multiple countries in Asia, including India, Singapore, Myanmar and Indonesia.