Header Ads

Etaily gets PHP 1.6 million in seed funding to help e-retailers in PH and ASEAN

E-commerce enabler Etaily announced its acquisition of USD 1.6 million seed funding to help the growth of the industry in PH as well as retain retail.
Etaily gets PHP 1.6 million in seed funding to help e-retailers in PH and ASEAN
Etaily will PH and ASEAN e-commerce grow

Etaily wants to help PH e-commerce without killing traditional retail

This US 1.6 million in seed funding came from investments from business giants including the Ayala Ventures, Foxmont Capital Partners, Magsaysay Shipping & Logistics, the Boston Consulting Group, among others. The funding is expected to spur the growth and development of Philippine e-commerce. It also wants to prevent what happened in the US and EU regions that were called the "retail apocalypse".

This was announced in a webinar called "Breaking the e-Retail Ceiling in ASEAN". Etaily provides brands with end-to-end omnichannel solutions while integrating their offline and online retail processes and services. This gives traditional retail companies a lifeline into the digital revolutionary advancements while retaining what they used to do. It allows brands to continuously connect with their customers throughout the tech development.

Etaily has generated more than 1 million transactions, made more than 50,000 unique products available to the entire country and beyond such as Malaysia, Indonesia, and Singapore.

It has managed more than 20 brands across all online channels, activated more than 10 offline retailers for online capability, and has a gross merchandise value revenue projected for 2021 to be USD 10 million.

What do you guys think?

No comments

Powered by Blogger.