Thailand-based hobby and lifestyle e-commerce startup Mercular has raised $3 million in its Series A funding round led by cross-border venture capital firm Kairous Capital, according to an announcement.
The funding round, which also saw participation from Cyber Agent, 500 Startups, N-Vest Venture, and Premier Advisory Group, will fuel Mercular’s platform improvement as well as the expansion of its products and categories, starting with gaming gear.
The startup’s founder and CEO, Woragun Wattanasakchai, said Mercular specifically targets those who are into hobby lifestyles. Starting out as a platform that sells audio gadgets, the Bangkok-based startup expanded its product line to now include sporting goods, cameras, collectible figures, and more.
Mercular operates both web and mobile channels and claims to be the first Thai e-commerce startup to receive funding from foreign investors.
SG’s e-ticketing platform GlobalTix raises $2.3m
GlobalTix, a Singapore-based tour and attractions ticketing platform, has announced raising S$3 million ($2.3 million) in its latest fundraising round co-anchored by Tin Men Capital and SEEDS Capital, the investment arm of Enterprise Singapore.
The startup, founded in 2013 by Chan brothers Chee Chong and Chee Kong, said the latest capital injection will help it meet increased demand for digitalisation among attractions and tour operators in the post-COVID era of travel.
The fresh funds will also fuel GlobalTix’s plan to deepen its footprint in Southeast Asia. Currently, the startup has offices in Hong Kong, Indonesia, Thailand, and the Philippines.
GlobalTix CEO Chan Chee Chong said the company is working closely with internationally recognised names, including Gardens by the Bay and Wildlife Reserves Singapore, Borobudur Temple in Indonesia, and Hoi An Ancient Village in Vietnam, to help them operate and thrive in the new normal.
Tin Men is a return investor in GlobalTix, having led a $9.1-million Series A round in the startup in 2018. On its website, the venture capital firm said the travel startup recorded $100 million in gross merchandise value and issued more than three million tickets annually before the pandemic struck.
SOUTHEAST ASIA DEAL MONITOR
DealStreetAsia has also put together a table listing out prominent venture capital transactions in Southeast Asia in the week beginning April 19.
|Startups||Headquarter||Investment Size||Investment Stage||Lead Investor(s)||Other Investor(s)||Industry|
|Ruangguru||Indonesia||$55,000,000||Series C2||Tiger Global Management||GGV Capital||Edtech|
|Qapita Fintech||Singapore||$5,000,000||Pre-Series A||MassMutual Ventures||Endiya Partners, Vulcan Capital, East Ventures||Fintech / Legaltech|
|CoLearn||Indonesia||$10,000,000||Series A||Alpha Wave Incubation, SGV Ventures||Surge, AC Ventures||Edtech|
|STACS||Singapore||$3,600,000||Pre-Series A||Wavemaker Partners||Tribe Accelerator, Stellar Partners||Fintech|
|TurnKey Lender||Singapore||DEG||SEEDS Capital, Vertex Ventures, OSK Ventures International, Majuven||Fintech|
|Halodoc||Indonesia||$80,000,000||Series C||PT Astra International||Temasek Holdings, Telkomsel Mitra Invasi, Novo Holdings, Acrew Diversity Capital, Bangkok Bank||Healthtech|
|GlobalTix||Singapore||$2,300,000||Tin Men Capital, SEEDS Capital||Travel|
|Sayurbox||Indonesia||$5,000,000||Astra International||E-commerce / Marketplace|
|Mercular||Thailand||$3,000,000||Series A||Kairous Capital||Cyber Agent, 500 Startups, N-Vest Venture and Premier Advisory Group||E-commerce|