singaporebased shopmatic 200m 1m raibloomberg

Shopmatic, a Singapore-based eCommerce platform, has recently announced that it has raised 200 million Singapore dollars through a series A funding round led by Raibloomberg. This funding will help Shopmatic to enhance its offerings, expand its reach, and develop more efficient services for its customers. This is a major step forward for the company, and it will help it to become a major player in the eCommerce industry.

Table of Contents
I. Overview of Shopmatic
II. Details of the Series A Funding Round
III. Benefits of the Funding Round for Shopmatic
IV. Expansion Plans of Shopmatic
V. Conclusion

I. Overview of Shopmatic
Shopmatic is a Singapore-based eCommerce platform that enables businesses to create and manage their own online store. The company was founded in 2015 and has quickly become one of the most popular eCommerce platforms in the region. The company has more than 500,000 registered users and more than 100 million products listed on its platform. The company also offers a range of services, such as payment processing, advertising, and logistics, to help its users succeed in their eCommerce businesses.

II. Details of the Series A Funding Round
Shopmatic recently announced that it has raised 200 million Singapore dollars through a series A funding round. The round was led by Raibloomberg, a venture capital firm based in Singapore. Other investors in the round include Naver, a South Korean internet giant, and Sequoia Capital India. This is the company’s first major funding round and it will be used to enhance its offerings, expand its reach, and develop more efficient services for its customers.

III. Benefits of the Funding Round for Shopmatic
The funding round will provide Shopmatic with the resources it needs to take its business to the next level. The company plans to use the money to enhance its existing services, such as its payment processing, advertising, and logistics services. It also plans to expand its reach to new markets and develop new services, such as a mobile app and a marketplace. The company also plans to use the funds to invest in research and development, which will help it to stay ahead of the competition.

IV. Expansion Plans of Shopmatic
With the new funds, Shopmatic plans to expand its reach to new markets in Asia, such as Indonesia, Vietnam, and Thailand. The company also plans to invest in marketing and advertising to promote its services to potential customers. Furthermore, the company plans to develop a mobile app and a marketplace, which will help it to reach a wider audience and provide customers with a better shopping experience.

V. Conclusion
Shopmatic has recently raised 200 million Singapore dollars through a series A funding round led by Raibloomberg. This funding will help the company to enhance its offerings, expand its reach, and develop more efficient services for its customers. This is a major step forward for the company, and it will help it to become a major player in the eCommerce industry.