By Ding Yi / May 07, 2021 08:24 PM / Business & Tech
Una Brands, a Singapore-based startup that buys up e-commerce brands with the goal of transforming them into household names, has raised $40 million in its seed round of equity and debt financing, as the Covid-19 pandemic has led to a surge in demand for online shopping.
A number of investors joined the funding round, including 500 Startups, Kingsway Capital, 468 Capital, Presight Capital, Global Founders Capital and Maximilian Bitner, currently CEO of secondhand fashion platform Vestiaire Collective and former CEO of Lazada, a Singapore-based e-commerce platform backed by Alibaba, Una Brands said in a
Without disclosing the ratio of equity and debt in the round, the statement said that Una Brands will use the fresh capital to acquire and scale up e-commerce outfits in the Asia-Pacific region, where the company’s CEO Kiren Tanna estimates there are more than 10 million third-party brand owners selling on different platforms.
One of the biggest funding trends of the past year is companies that consolidate small e-commerce brands. Many of the most notable startups in the space, like Thrasio, Berlin Brands Group and Branded Group, focus on consolidating Amazon Marketplace sellers. But the e-commerce landscape is more fragmented in the Asia-Pacific region, where sellers use platforms […]
SINGAPORE, May 6, 2021 /PRNewswire/ Singapore-based e-commerce startup, Una Brands, today announced that it has raised a USD40 million Seed Round of equity and debt financing, in one of the biggest seed funding rounds seen regionally. Una Brands will use the capital to buy and scale e-commerce brands based in APAC. Kiren Tanna, former CEO of Rocket.
SG e-commerce aggregator Una Brands raises $40m in 500 Startups-backed seed round
Una Brands Co-Founders (left-to-right) : Tobias Heusch, Kiren Tanna, and Kushal Patel.
May 6, 2021
Una Brands, a Singapore-based startup co-founded by Kiren Tanna, the founder of Foodpanda and ZEN Rooms, announced raising $40 million in a seed round backed by global investors including 500 Startups, Kingsway Capital, 468 Capital, President Capital, and Global Founders Capital.
The startup said it will use the fresh capital to acquire and scale e-commerce brands in the Asia-Pacific region, a market with more than 10 million third-party sellers. The focus will be on acquiring firms with strong independent branding that have annual revenue between $300,000 and $20 million.
Smileneo raises $2 million in Seed investment
Image courtesy of Smileneo
UAE-based healtech startup Smileneo has raised $2 million in a Seed round led by UK s Kingsway Capital alongside FJ Labs and other angel Investors
Smileneo is a dental cosmetics direct-to-consumer brand, helping its customers straighten their teeth using 3D-printed aligners
It will use the funds to grow its team, expand operations, and enter new markets.
The startup was founded by Jonathan Doerr, who was previously the co-CEO of Daraz, one of Pakistan s largest e-commerce platforms with presence In Bangladesh, Sri Lanka, Nepal and Myanmar
Press Release:
Smileneo, a UAE-based healthtech startup is coming out of stealth to announce it has raised $2 million in seed funding. Smileneo’s financing is the largest seed round raised by any teeth-straightening direct-to-consumer business in the Middle East and North Africa and includes anchor investments from several prominent international investors. Smileneo wi