Indonesian B2B e-commerce platform Bizzy acquires Alpha, gets ex-Mbiz CEO as new CEO

Bizzy and Mbiz have been seen as direct competitors in Indonesia's budding B2B/G e-commerce sector 

Cashback app Snapcart closes US$3M Pre-Series A to boost analytics tech

The new funding round was led by Vickers Venture Partners, Wavemaker Partners, SPH Media Fund and angel investors 

Spaceship raises funding from YCH Group's Supply Chain Angels, aims to build new features

Prior to this investment, Spaceship has raised undisclosed seed funding from Ardent Capital 

Sexy no more: Indonesian online lingerie store Lolalola shuts down

While the startup will cease operations as of January 4, customers will still be able to continue shopping on Lolalola's social media platform 

Two weeks in the Philippines, Snapcart claims to have acquired 10,000 users

The Indonesian startup targets 50,000 users in the next three months 

Ardent Capital merges venture portfolio with Wavemaker; Ardent Labs to remain

Ardent Labs companies like aCommerce and Orami will remain under Ardent management, CEO Adrian Vanzyl to join Wavemaker 

Snap, crop, buy: Hong Kong's fashion discovery startup Goxip raises US$1.62M seed round

As part of the announcement, Goxip also revealed plans to build a marketplace for the mom-and-pop retailer 

[Updated] Orami is raising another round of funding, set eyes on acquisition

Both the amount and the identity of the investors are not revealed yet 

To Bandung and Surabaya we go: aCommerce puts expansion plan to action

The expansion is also aimed to improve COD services, which predicted to continue increasing 

[Updated] MoxyBilna? Call them Orami, and they have secured a US$15M funding

The funding round is led by SMDV, with Gobi Partners, Facebook co-founder Eduardo Saverin, Ardent Capital, and Velos Partners