UK> USA Silicon Valley investor Plug & Play Ventures and UK based Circularity Capital LLp is set to invest in UK based software solutions company, ZigZag Global

Zigzag logo ZigZag Global, a returns solution specialist, is set to receive a multi- million-pound investment. Led by UK based Circularity Capital LLP and backed by USA based Plug & Play Ventures, ZigZag Global provides a software solution for retailers to optimally manage the return, consolidation and resale of products both domestically and internationally. Circularity Capital investment will accelerate the rollout of the More …

AUSTRALIA > Hong Kong based eCargo Holdings Limited is set to acquire Australia based Jessica’s Suitcase and 85 percent of Metcash export business to China

ecargo logo Hong Kong based eCargo Holdings Limited is set to acquire Australia based Jessica’s Suitcase in which it had previously owned 45 percent. After the acquisition, Jessica’s Suitcase will enter the China market both online and offline. The acquisition is termed as the “missing piece of the puzzle for ECG” according to ECargo executive chairman John Lau as eCargo is good More …

SINGAPORE > Thailand based Kasikornbank is set to invest $50 million in Singapore based ride hailing company Grab

Kasikornbank logo Thailand based Kasikornbank is set to invest $50 million in Singapore based Grab. This makes Kasikornbank the largest investor in the Singapore technology startup’s ongoing fundraiser. Additionally, with the new investment Grab will also be able to launch its in- app GrabPay electronic wallet in Thailand. Launching in Thailand will be Grab’s sixth Southeast Asian market. Grab’s main competitors in More …

SINGAPORE > China based LightInTheBox is set to acquire Singapore based EZbuy for $85.55 million

lightinthebox logo China based LightInTheBox is set to acquire Singapore based EZbuy for $85.55 million which is a cross border e-commerce platform. EZbuy was founded in 2010 and it curates products from China, Taiwan, the US, South Korea, Malaysia and Singapore. EZbuy serves more than 3 million customers from Singapore, Malaysia, Indonesia, Thailand and Pakistan. Some of the competitors of EZbuy are More …

INDIA > USA based Swych is set to acquire India based Gift Cards India

swych Founded in 2015 by Indian American Deepak Jain, Swych Inc. is a mobile gifting platform which is set to acquire India based Gift Cards India. Firoz Khan and Cory York are the founders of Gift Cards India which was founded in 2011 and has been operating successfully as a gift cards business serving millions of customers, enterprises, loyalty platforms and More …

CHINA > US based Walmart and China based JD.com are set to invest $500 million in Chinese online grocery delivery company Dada-JD Daojia

Walmart logo US based Walmart and China based JD.com are set to invest $500 million in Chinese online grocery delivery company Dada-JD Daojia, the company formed through the merger between JD Daojia and Dada Nexus. JD Daojia is JD.com’s online to offline business while Dada Nexus is a large crowd sourcing delivery platform in China which has operations in more than 400 More …

SINGAPORE > Indonesia based Go-jek is set to expand to Singapore

go jek logo Micheql Reza, vice president of corporate communications of Go-Jek Indonesia, said that Go-Jek would expand to Singapore but however didn’t reveal the details of the expansion. He added: “This year for sure, but we cannot reveal more details.” Nadiem Makarim, Go-Jek CEO-cum-founder, also commented on Go-Jek’s expansion in Vietnam and Thailand by establishing two local companies which is also the companies first More …

TURKEY > China based Alibaba is set to make strategic investment in Turkey based Trendyol

alibaba logo The world’s largest online and mobile commerce company, Alibaba Group has entered an agreement with Turkey’s leading e- commerce platform Trendyol in which Alibaba will invest into the company as well as acquire shares from existing investors. Marking the largest internet sector transaction in Turkey to date, according to the agreement Trendyol and Alibaba will cooperate to accelerate Trendyol’s growth More …