Singaporean E-Commerce Aggregator Raises $40 Million

Singaporean E-Commerce Aggregator Raises $40 Million

Boxes at an e-commerce warehouse facility. Shutterstock.

Una Brands, a company that consolidates small e-commerce brands across Asian e-commerce marketplaces and platforms like Tokopedia, Lazada, Shopee and Shopify, today announced its equity and debt round from investors including 500 Startups, Kingsway Capital, 468 Capital, and Vestiaire Collective chief executive Max Bitner, Techcrunch reports.

The start-up, which did not disclose the round’s debt to equity ratio, is looking to become “the next generation consumer goods conglomerate by acquiring, streamlining, and scaling profitable brands.” Aside from buying brands, the investment will go towards hiring: Una currently operates in Singapore, Malaysia and Australia, with plans to expand in Southeast Asia and eventually Taiwan, Japan and South Korea.

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