- Briefing Your roundup of Asian tech and startup news that matter
Aditya Hadi Pratama · · 1 min readPhilippine parenting ecommerce firm raises debt financing from Innoven Capital
Edamama, a Philippine-based ecommerce player that focuses on parenting products, has raised an undisclosed amount in its latest financing round.
More funding details
- Investor: Innoven Capital
- Stage: Debt financing
More company updates
- The deal – Innoven Capital’s first investment in the Philippines – pushes Edamama’s total funds raised from investors to US$6 million to date.
- Since its launch in 2020, the company has gotten millions of site visitors and recorded 50x increase of gross merchandise value (GMV).
- It currently offers more than 25,000 SKUs of products from 1,000 brands.
- Edamama wants to use the fresh funds to strengthen its logistics capabilities prior to the close of its series A funding round in early 2022.
- In July, the company announced that it had raised a US$5 million pre-series A funding from Gentree Fund, Robinsons Retail, Kickstart Ventures, and Foxmont Capital Partners.
For more coverage of the company, head here. You can also click on the link below to view key details about the company as well as its funding history.
Editing by Collin Furtado and Eileen C. Ang
(And yes, we’re serious about ethics and transparency. More information here.)
Stay updated on the go with our mobile app.
Get latest insights with smoother, more personalized experience through TIA mobile app.
