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Aditya Hadi Pratama · · 1 min readSCI Ecommerce receives $28m additional funding from Singapore’s EDBI, others
SCI Ecommerce, a Singapore-based cross-border ecommerce enabler, announced it has raised around S$38 million (roughly US$28.1 million) in the expansion tranche of its latest funding round.
More funding details
- Investors: Singapore government-linked fund EDBI, Financial Investments Corporation, and Philippine conglomerate A Soriano Corporation.
- Stage: Unspecified
More company updates
- Combined with the S$50 million (around US$37 million) investment that SCI Ecommerce bagged in May, the total capital it raised in this round has reached S$88 million (roughly US$65.2 million).
- In the past three months, the company has added Singapore-based beverage company Yeo’s, Singapore-based wellness company Kinohimitsu, and Switzerland-based computer peripherals company Logitech as its brand partners.
- It has also tied up with popular short-video app TikTok to carry out its brand partner sales directly through the app. SCI Ecommerce says that the collaboration, which started with a launch in Indonesia, is the first of its kind in Southeast Asia.
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 Jaclyn Tiu
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