E-commerce aggregator iPrice gets US$1.5m from Woowa Brothers
Add BT as a preferred source
E-COMMERCE aggregator iPrice Group has raised US$1.5 million from South Korean food-delivery app operator Woowa Brothers as it works towards a Series C round.
Woowa's senior investment associate Joshua Dhong said: "As South-east Asia's e-commerce market develops, the competition among e-commerce platforms is intensifying, and the number of sellers is increasing. We believe that iPrice's role of helping users find the right platform and save money will continue to be vital to the region."
Kuala Lumpur-based iPrice allows users to access six billion offers from over two million sellers via its platform.
The startup has partnerships with Indonesian consumer finance company Home Credit, artificial intelligence company ViSenze and Malaysian e-wallet Boost.
It will use the additional funding to refine its product and roll out more partnerships.
In March last year, iPrice raised US$10 million in Series B funds led by ACA Investments, an affiliate of Japanese investment bank Daiwa Securities Group.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
GovTech retrenches 93 staff in first phase of agency’s 2-year workforce transformation
A new kind of ‘ceasefire’ between US and Iran where talks, strikes are part of the same process
Department store heir to outback cattleman: Inside Bruce Cheung’s US$130m wagyu gamble
Early payout from Philippines’ Maharlika Investment Fund raises eyebrows over its true nature
