Unicommerce improves its Southeast Asia Portfolio, Onboards over 10 companies

Unicommerce has expanded its Southeast Asia client portfolio by onboarding over 10 clients to its network. These clients are from Singapore, Philippines, and Malaysia. The e-commerce focused supply chain SaaS technology platform will help these companies with their order management, warehouse management, and inventory management.

"Our journey in South East Asia started in December 2020. We spent the initial six months on extensive research to understand the pain points of e-tailers in the region and to enhance our product to cater to companies in Southeast Asia. We are confident that our learnings will help us with our aggressive expansion plans. Our team is continuously working to add more clients across multiple sectors and sizes. With our proven success record in our home market- India, brands in South East Asia are showing immense interest to partner with Unicommerce in their e-commerce journey," said Mr. Kapil Makhija, CEO, Unicommerce.

Unicommerce is currently working with a few leading brands in Southeast Asia, including Edamama, and PayoAsia. Focused on expansion in Southeast Asia, the company is looking to increase its workforce in Singapore, Malaysia, and Philippines. Unicommerce will also look to achieve 400%+ business growth in the region this year.

 

Everise to Open Digital CX Innovation Center in Singapore

The global customer experience company Everise has said that it is establishing a Digital Innovation Center in Singapore. The company is also betting big on Asia now.

The US-based company was operating in Malaysia and Japan in joint-venture, but it exited that to go into the business itself. The company is going to focus its investments in Malaysia and Japan; additionally, it will look to add 700 jobs by the end of 2021.

Everise has already recruited 600 native Asian speakers in Kuala Lumpur and Japan for its multinational clients.

"Over the past three years we have seen the opportunity to expand our services in Asia. Companies that are rapidly growing and new market entrants have demand to deliver innovative, multilingual brand experiences," says Everise founder and CEO, Sudhir Agarwal. "We also intend to open a first-of-its-kind center for innovation for our regional clients in Singapore in the last quarter of 2021."

Apart from establishing a Digital CX Innovation Center, the Everise plans to employ 100 Singaporeans by the end of year and 400 by the end of 2022.

 

Bangladesh's Full-stack B2B Commerce Platform ShopUp Secures $75 Million in Funding

Bangladesh's ShopUp has secured $75 million in Series B funding. The round was led by Peter Thiel’s Valar Ventures. The Series B round also saw participation from Prosus Ventures, and existing investors Flourish Ventures, Sequoia Capital India, and VEON Ventures.

The funding round for the largest full-stack B2B commerce platform in South Asia went oversubscribed. The company has raised $110 million in total funding till date.

"Our mission is to put 4.5 million small retailers in the driving seat of Bangladesh’s economic growth. We are building best-in-class infrastructure to support retail operations all over the country, adding new categories to serve the underserved small retailers and launching new financial products to meet the unarticulated needs of the retailers we serve," said Afeef Zaman, CEO and co-founder of ShopUp.

Bangladesh has one of the largest fragmented retail markets in Asia. 98% of retail consumption in the country happens through the small mom-and-pops stores. These stores often struggle while procuring goods from multiple suppliers, distributor and wholesalers. They also encounter many other problems such as unreliable delivery, lack of price transparency. ShopUp is looking to help these retailers by removing the inherent blockers within traditional supply chain, logistics, and financing.