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2 online shopping sites bag venture funding
Ezbuy raises US$20m, plans new source markets; iFashion gets S$1m, guns for regional expansion
Add BT as a preferred sourcePublished Wed, Mar 23, 2016 · 09:50 PM
Singapore
THE e-commerce game is strong in Singapore. Homegrown platforms ezbuy (known formerly as 65daigou and which provides Taobao shopping services) and iFashion (a new roll-up play which targets online fashion sites) have raised US$20 million and S$1 million respectively in venture capital, amid a competitive landscape.
On Wednesday, ezbuy - an aggregator shopping site that connects Singapore customers directly to overseas online merchants from Taobao (China), the US and Taiwan - announced its Series B round led by Vision Knight Capital and joined by existing investors IDG Ventures and CGC Capital.
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