- Briefing Your roundup of Asian tech and startup news that matter
Rita Liao · · 1 min readIn brief: Flipkart takes on Amazon Prime; Lazada scraps commissions in Singapore
Photo credit: Lazada
Flipkart takes on Amazon with new loyalty program (India). Flipkart Plus will launch on August 15, the country’s Independence Day. Like Amazon Prime, the membership scheme will offer faster and free delivery and early access to sales events, among other benefits. Amazon Prime entered India in 2016. (Reuters)
Lazada removes seller commission fees (Singapore). The ecommerce group is scrapping charges it levied on merchants of 1 to 7 percent commission per sale. The move is aimed at boosting profitability for small vendors and lowering prices for consumers in the city-state, according to the company. (Reuters)
Other news
Backer of Carousell, Carro, and 99.co launches new US$100 million fund (Singapore). Golden Gate Ventures is expected to close the new vehicle before the end of this year, said sources. Investors joining in the fund include Naver and Mistletoe, the firm run by the brother of SoftBank CEO Masayoshi Son. (TechCrunch)
AntWorks nets US$15 million in series A raise (Singapore). The enterprise solutions startup received the fresh capital from SBI Investment, a subsidiary of Tokyo-listed SBI Holdings, and the duo will set up a joint venture to explore opportunities in the artificial intelligence space across Southeast Asia. The new funding will fuel AntWorks’ AI development, marketing, and regional expansion. (DealStreetAsia)
Editing by Jack Ellis
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