Helium raises $550k in a pre-seed round led by Merak Ventures, with participation from Alok Mittal. The funding will help Helium, an AI platform for eCommerce websites, enhance product and visitor intelligence, aiming for higher conversions.

Shein is set to return to India through a deal with Reliance Retail. The partnership includes selling Shein products via Reliance’s stores and app. This marks Shein’s return after a four-year ban and involves a profit-sharing model.

Shopee, the leading e-commerce platform in Vietnam, is testing a policy allowing order cancelations even when goods are en route to warehouses. This move, which is currently in trial in HCMC and Hanoi, is aimed at improving user experience but has drawn mixed reactions from sellers.

Swiggy launches 'Eatlists,' letting users create and share food recommendations. CEO Rohit Kapoor highlights the communal aspect. Users can now save favorite dishes and share them via social media.

Shopee, a major e-commerce firm in Southeast Asia, admitted to breaking competition laws in Indonesia. They agreed to modify their practices after the KPPU found them prioritizing their own courier service. Changes were proposed and approved on June 20.

Ola is launching grocery delivery on ONDC soon. Currently the second-largest in food orders, it processes 15-20K daily. It aims to compete with Paytm, Swiggy Instamart, Blinkit, leveraging its logistics expertise.

Zomato holds a 57% market share in food delivery, surpassing Swiggy. Goldman Sachs reports Zomato's growth outpaced Swiggy's with a 22% YoY GOV increase. Zomato's profitability strengthens its position in the market.

Getir raises $250M from Mubadala, splits into two units, exits European markets, focusing solely on Turkey, and sees leadership changes.

Shein plans to turn Turkey into a big supplier of its fast-fashion clothes in Europe. This move aims to reduce criticism of its use of Chinese labor. The company is pursuing a £50B listing on the London Stock Exchange, despite Beijing's concerns.

Flipkart has introduced Super.money, a new payments app that provides real cashback for transactions. Currently in beta on the Play Store, the app uses UPI for mobile payments. The app also plans to include secured cards and lending, partnering with DMI Finance, Axis Bank, and Credit Saison India.

Zepto, a quick delivery app, raised $665M, doubling its valuation to $3.6B. The Series F round was led by Glade Brook, Nexus, and StepStone Group. Zepto plans to expand its dark stores to over 700 by March 2025.

Shozon Marketplace launches in the UAE, offering free listings for real estate, cars, jobs, and classifieds. Users get referral rewards and benefit from affordable ad boosts. Licensed by Dubai Economic Development, Shozon ensures a secure platform.

Swiggy has launched a Recruitment Support initiative to help restaurants tackle staffing challenges. This initiative connects restaurants with top staffing experts like Apna, WorkIndia, Kaam, and Shiftz to find qualified candidates. It is integrated into the Swiggy Partner App, making hiring easier and more cost-effective.

Deliveroo, in collaboration with EEE Moto and EcoWay, has launched a month-long electric bikes pilot in Dubai. This initiative aims to explore electric bikes and battery-swapping technology as greener alternatives for delivery services.

Swiggy brings back Handpicked under Instamart, offering over 500 premium items in Bengaluru, expanding soon to Mumbai and Delhi. Delivery within 10 minutes. Handpicked closed in May 2023 due to restructuring. Valuation now $15.1B.

Vietnamese fashion brands are booming thanks to TikTok. Celebrities like Jennie from Blackpink and influencers are driving the trend. The brands focus on quality and sustainability, unlike Chinese fast fashion giants Shein and Temu.

ByteDance is cutting 450 jobs, about 9% of its Indonesian workforce, after merging TikTok Shop with Tokopedia. The $1.5B deal aims to cut costs and streamline operations. This is part of a broader strategy to eliminate duplicate roles and comply with local regulations.

Qeen.ai, an AI startup, raised USD 2.2 mn in pre-seed funding led by Wamda Capital. The funds will enhance its platform for better e-commerce vendor support. Founded by ex-Google employees, Qeen.ai aims to simplify AI solutions.

Swiggy Instamart launched a mango-scented ad in Times of India to enhance customer engagement. The campaign combines scent and visuals to make ordering mangoes irresistible. 800K copies circulated in Mumbai, drawing widespread acclaim.

Getir is running out of cash and needs new funding within weeks. The company, exiting the UK market, must implement leadership changes to secure tens of millions from investors. Founder Nazim Salur faces pressure to step back, while the company risks losing 1,500 jobs.

Saudi Arabia plans to expand ecommerce, targeting $30B in sales by 2027 and $44B by 2030. With a growth rate of 13.5% annually, the country aims to lead the region in ecommerce through investments in infrastructure, logistics, and partnerships.

Zomato missed profit estimates with $20.96M in Q4, below the expected $22.5M. Expenses rose nearly 50%, causing shares to dip 4.2%. Revenue from operations jumped 73% to $426.6M, beating estimates.

Revent, a UAE-based marketplace for pre-owned electronics, raised $900K in a pre-Seed round led by Techstars. The funds will help build a self-service platform and grow its client base in Saudi Arabia. Revent was founded in 2022 by Baldeep Singh and Dhananjay Choubey.

Getir partners with Türkiye Wealth Fund, hinting at future collaborations. The company recently exited international markets, refocusing on Türkiye where it sees the most growth potential.

Swiggy files for a $1.2B IPO with SEBI. The Bengaluru startup, valued at $12.7B, aims to raise ₹10,414 crore, awaiting SEBI's approval. The IPO will include new shares worth ₹3,750 crore and a stake sale by investors.

Uber will acquire Delivery Hero’s Foodpanda Taiwan for $950M in cash. The deal includes a $300M stake in Delivery Hero. The acquisition will strengthen Uber Eats in Taiwan, where it competes closely with Foodpanda. Completion is expected in H1 2025.

Flipkart's new rate card, effective May 18, reduces fee components from four to two, enhancing clarity for sellers. Shipping policy updates include no extra charges for local shipments under 500 gm. The initiative aims to improve seller operations and customer experience.

Meesho, a major Indian e-commerce startup, just raised $275M, aiming for a $3.9B valuation. This round could expand to over $500M with secondary transactions.

Expedia enters the UAE market, introducing a Gen-AI app and innovative price tracking for enhanced travel planning and booking. The launch aligns with a $25B regional industry.

Line Man Wongnai, Thailand's food delivery giant, backed by giants like GIC and Z Holdings, contemplates a 2025 IPO possibly in Thailand and the US. The company's worth surpasses $1B.

Deliveroo introduces a unique delivery method using abra boats in Dubai, highlighting local heritage and modern culinary experiences. This method enhances community connections and offers a hyperlocal shopping and dining experience.

Swiggy relaunches its homestyle meal service, Daily, in Bengaluru, targeting office-goers. Integrated into the main app, this move comes as Swiggy prepares for its IPO, enhancing its competition with Zomato Everyday.

Getir, valued at $12B, is closing its international operations in the U.S., U.K., and Europe, affecting over 6,000 jobs to focus on Turkey, representing just 7% of its revenue.

Shopee enhances customer engagement and service options as Gen Z's spending power grows. Changes include flexible payments and improved return processes, aiming to increase market share in e-commerce.

Ikas, the Turkish e-commerce platform, just bagged $20M for its Series A, aiming to simplify online store management and expand further in Europe.

TikTok's not just for videos anymore! With the new TikTok Notes app, users can soon share photos in a dedicated space, enhancing their creative expression.

SingleInterface, known for empowering brands with digital marketing and ecommerce, bagged $30M from Asia Partners and PayPal Ventures. Aiming to enhance global presence and AI offerings, it's a game-changer for multi-location businesses.

With the introduction of TikTok Shop Mall in Singapore, consumers are guaranteed a premium shopping experience, complete with 100% authentic products and top-notch customer service. It's a game-changer for local SMBs and international brands alike.

With Shein's global sales hitting $30B and a valuation dance around $50B to $200B, investors eye its IPO with mixed feelings of excitement and concern. This fast-fashion giant's blend of low prices, quick trends, and a unique data-driven model redefines retail.

Decathlon Singapore and Carousell have teamed up, launching an official store for refurbished bicycles. This venture introduces Decathlon's trade-in program to a digital recommerce platform, marking a significant shift towards sustainability in Singapore's sporting scene.

In a bold move, TikTok's acquisition of a 75.01% stake in Tokopedia for $840M signals its return to the e-commerce game in Indonesia. However, despite the promising prospects for SMEs, the platform's persistence in allowing in-app transactions flouts the nation's regulations, drawing governmental ire and threats of action.

In a world where new gizmos cost an arm and a leg, Turkey’s GetMobil just bagged $4M to give old electronics new swagger. Backed by DFF and eco-warrior angels like Nevzat Aydın, it’s not just about cash—it’s a green manifesto. Gadgets get a second shot at life, proving cheaper doesn’t mean chintzier.

In a $173M cash deal, Qoo10 acquires Wish, leaving ContextLogic debt-free and holding onto $2.7B in NOLs. With its 2020 IPO value at $14B, Wish's shift to Qoo10 aims for a global e-commerce reign, blending logistics with cross-border marketplace prowess.

Ejaro, hitting a major milestone with a €3M Pre-Series A, signals a strategic shift and innovation in the peer-to-peer car rental space in Saudi Arabia. This investment is set to propel Ejaro's growth across MENA.

With a modest 6.8% increase in GMV, Grab's dominance in Southeast Asia's food delivery scene is more Michelin star than street food stall. Its rivals, Foodpanda and Gojek, are eating Grab's dust with declines of 12.9% and 10% respectively. Yet, with only 5% of SEA's 600M folks as customers, the food delivery pie looks as expansive as my waistline after Thanksgiving. The region's appetite for food delivery grew by 5% to a hearty €15.4B, with Vietnam leading the munch, showing a 28% increase in GMV. Meanwhile, premium brands are tightening their belts amid economic jitters, and the market sees a stir with Delivery Hero's exit from Vietnam and Chinese coffee brands stirring up the scene.

Motorist's strategic tie-up with Tokyo Century Leasing (Singapore) in their Series A funding exemplifies the firm's innovative expansion in automotive financing.

Kazakhstan's super app Kaspi.kz (offering banking & payments system and markeplace) IPO marks a significant milestone for the country's tech scene. This financial triumph showcases their growth from a local bank to a tech behemoth.

🌏 Glamplus secures $1.9M for global beauty marketplace expansion in a pre-series A funding round. Glamplus combines a beauty product marketplace with SaaS management software, providing an integrated solution for salons and spas to enhance productivity. The funding will enable Glamplus to extend its reach beyond Indian borders, tapping into the global beauty industry

🌏 OppDoor is a new venture of Flipkart co-founder.. Registered in Singapore as 'Three State Ventures Pte Ltd,’ OppDoor is set to revolutionize the e-commerce sector by providing end-to-end solutions to businesses. Operating in eight countries including Australia, Canada, Germany, Japan, Mexico, Singapore, the UK, and the US, OppDoor aims to assist e-commerce firms in expanding their global footprint. The company focuses on various aspects such as design, product, human resource, and backend support, collaborating with major platforms like Amazon, Walmart, and Etsy

🌏 Shein seeks Chines approval ahead of US IPO.. The company's confidential filing in the US, alongside a filing with the China Securities Regulatory Commission, highlights its adherence to Beijing's new rules for offshore listings