Online fashion and garment retailing is becoming a mainstream business and will drive India's retail story going ahead, feel investors and other industry players.
That's why private equity and venture capital firms are pumping money into portals such as Myntra and Jabong. Now, the investor focus would be more on profitability.
Southeast Asia's price comparison platform PricePanda secured USD3 million in new funding from Tengelmann Group.
The e-commerce website offers detailed reviews about consumer electronics, including mobile phones, software, TV, and audio kits in Mexico, Malaysia, Philippines, Indonesia and Singapore. Shoppers can find and compare products and services from more than 100 categories.
Christian Schiller, Co-Founder and Managing Director PricePanda, said the new funding will allow the company to expand its operations in other countries.
Lazada is expanding its mobile repertoire with the launch of an app for iPhone and iPad across the region.
The launch follows the online shopping mall's recent investment round of approximately $250 million from investors including retail giant Tesco, and the success of its app for Android.
The new app is fully optimized for iOS 7 and allows on-the-go shoppers to navigate Southeast Asia's broadest brand and product assortment across several categories including consumer electronics, gadgets, apparel, shoes and accessories.
Lazada, one of Southeast Asia's largest online shopping malls, raised approximately USD250 million in a new round of funding from a group of investors including multi-channel retailer Tesco PLC.
The move is Tesco's first investment into a purely online retailer in the region and the start of close cooperation between the parties.
Lazada said the partnership will span across customer analytics, private label development and supply chain management.
Dispelling past criticism over raising money from only existing investors, Flipkart has announced the closure of its latest round of funding by raising Rs 990 crore (USD160 million) from new and existing investors. The new investors include Morgan Stanley Investment Management, Sofina and Vulcan Capital, and Dragoneer Investment Group.
In September 2012, a cloud-based customer, sales and inventory management tool for small retailers was launched in a public beta. Its creators, one of whom was once a small fashion retailer himself, had set their sights on developing a backend systems that would be cost-effective for small and medium enterprises (SMEs).
Flipkart, India’s largest e-commerce company, on Wednesday said it has raised USD200 million in a fresh round of funding . Its existing investors including Naspers, Accel Partners, Tiger Global and Iconiq Capital also took part.
Singaporean media company MediaCorp Pte Ltd on Monday announced that it has led the latest round of investments into Reebonz Pte Ltd, one of the region's fastest growing luxury online retailers.
The round raised SGD50 million (USD39.8m) and values Reebonz at over SGD250m. Post completion, Reebonz's total invested capital base stands at SGD100m. The investors include Vertex Asia Investments, Granite Global Ventures, Intel Capital, and Matrix Partners China and Infocomm Investments, the venture arm of the Infocomm Development Authority, Singapore.
Stelux Holdings, a Hong Kong-based retailer of mid-priced spectacles and watches, said its co-operation with the private equity firm Boyu Capital creates operating synergies that will help it to turn around its China business within three years, aided by online sales and relocation to second-tier cities.
Alibaba.com, which operates an e-commerce website linking Chinese businesses to overseas buyers, posted a 6 percent fall in fourth-quarter net profit, the first fall in more than two years, as a weak global economy slowed exports.
Alibaba Group has signed a USD3 billion loan, giving it the committed funding required for taking Alibaba.com private, sources told Basis Point, a Thomson Reuters publication, on Monday.