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PH e-commerce platform Edamama raises $5m and other SE Asia deals


PH e-commerce platform Edamama raises $5m and other SE Asia deals
ResearchPremium
Edamama, a Philippine-based e-commerce platform targetting Filipino mothers, announced raising $5 million in its pre-Series A funding round led by Gentree Fund, the venture vehicle for the Sy Family Office.
Philippine-based early-stage venture capital firm Foxmont Capital Partners, Robinsons Retail, and local VC firm Kickstart Ventures also participated in the funding round that Edama will partly use to expand its warehouse capabilities and improve its delivery services.
The e-commerce startup was launched amidst the pandemic by its founder Bela Gupta D’Souza. The firm said it addresses the issue of quality, as well as the other challenges common among today’s e-commerce platforms, such as channel fragmentation, non-established brand trust, the lack of discovery-led buying experience, and poor customer service. ....

Bela Gupta Dsouza , Sy Family Office , Sm Group , Gentree Fund , Foxmont Capital Partners , Robinsons Retail , Kickstart Ventures , Bela Gupta , Southeast Asian , Southeast Asia , ஸ்ம் குழு , ராபின்சன் சில்லறை , கிக்‌ஸ்டார்ட் முயற்சிகள் , பெலா குப்தா , தென்கிழக்கு ஆசிய , தென்கிழக்கு ஆசியா ,

Dairy Farm reports COVID-19 impact on its Q1 2021 operations


Shopper behaviour has now normalised, affecting comparison with sales performance in 2020
Since spending patterns of consumers have now normalised compared with the high sales base in the first quarter of 2020, like-for-like sales of Dairy Farm’s grocery retail business is lower compared to the same period last year.  The Group expects continued pressure on comparing sales and profitability year-on-year due to:
This year’s normalisation of shopping behaviour in grocery retail
Reduced levels of government support
Uncertainty on the relaxation of travel restrictions
Mixed performance across the various channels
Large store formats: sales performance in Indonesia continues to be the most severely impacted by the pandemic, given the country’s ongoing movement restrictions that has consequently reduced store traffic ....

Hong Kong , Dairy Farm International , Dairy Farm , South China , North Asia , Southeast Asia , Robinsons Retail , ஹாங் காங் , பால் பண்ணை சர்வதேச , பால் பண்ணை , தெற்கு சீனா , வடக்கு ஆசியா , தென்கிழக்கு ஆசியா , ராபின்சன் சில்லறை ,