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Sustainable growth in the SEA startup ecosystem: Why tomorrow starts today

What will happen to the Southeast Asian (SEA) tech startup ecosystem after the pandemic?

In Singapore, since mid-2022, as borders reopened and travel became possible again, we have begun to see in-person meetings and events being hosted in the country. In the last week of September, there were at least four events in tech space alone –many of them are making a comeback after two years of hiatus. These meetings open up new opportunities for the regional tech startup ecosystem to connect and collaborate for the betterment of both parties and the ecosystem.

At the end of a major crisis like a pandemic, it is predicted that the startup ecosystem will come out stronger than ever. The numbers have spoken; there are indeed companies being set up during the pandemic or raising funds even at the peak of it.

This leads us to the next big question: How do we ensure this is sustainable?

Some of the leading players in the ecosystem may have the answer. They have done more than just raise massive funding rounds in the past years. Many of them have worked with different kinds of partners in growing their businesses; they have also pivoted and experimented with new tech to seize new opportunities.

Also Read: Echelon 2022: The rise of a new startup profitability culture

This might be how sustainability looks like for the startup ecosystem. Gone are the days when it would rely heavily on external funding to get through another day. A truly strong ecosystem is made of companies building solutions to the biggest problems we face today; they have also found a way to support themselves through their various revenue channels.

In achieving their goals, these companies do not work in silos. Instead, they open themselves up to collaborate with different players in the ecosystem, from government agencies to family offices.

These companies consider how their operations impact the environment and society. They are fully aware that a massive profit can never replace the future we owe to the next generation; they are figuring out ways to mark their milestones without sacrificing what is essential.

Beyond the technological innovation we build today, these companies are also looking at up-and-coming innovations. As we transition from Web2 to Web3, we are working to improve how we are doing things –and how the blockchain and related technologies can help in the process.

This is why, for Echelon 2022, e27 has prepared two days of connection, discovery, and learning. As a platform that aims to help companies with the tools to build and grow their businesses, we are going to host a highly curated business event. This year’s event specialises in sustainable growth for the SEA startup ecosystem –especially as we make a move forward.

Join us in this journey to build a more sustainable tech startup ecosystem.

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Keep your customers around with stellar retention strategies

customer retention

Customers are the life-blood of any business. But in a world with millions of alternatives, customer retention may be tricky for most companies.

And companies should care about keeping regular customers around; data shows that increasing customer retention by just 5 per cent can increase profits by 25 to 95 per cent.

Also read: How the future of growth through data-driven decisions would start

Retaining customers is highly rewarding for companies. Customer retention strategies, however, can be very challenging especially in today’s business landscape where companies are faced with rapid technological advancements, evolving customer behaviour, and customer expectations that are becoming more and more personalised.

So let’s dive deeper into building effective customer retention strategies

Echelon 2022 invites industry leaders to join the discussion on the current trends and best practices of customer retention.

We are gathering together Southeast Asia’s industry leaders to talk about their experiences, insights, and tips on creating experiences that connect them better with their customers to share knowledge and technology with their peers.

The aim of this roundtable discussion is to tap on the collective experiences and expertise of the participants and share it with the community for the greater benefit of the SEA tech startup ecosystem. After the event, participant profiles and discussion insights will be published and shared with the e27 community.

Also read: ‘The next generation of unicorns will be from greentech’: Wavemaker Impact’s Steve Melhuish

Participants will get the opportunity to discuss about:

  • Context on how they provide the best app experience for their customers, and their current practices in customer retention
  • Challenges they face in their company growth
  • Omnichannel marketing and the challenges they face in maximising each platform
  • Digital footprint of each company and their growth metrics

As industry leaders, participants will also be asked to share best practices and future trends they foresee on user campaigns, customer engagement and customer retention.

This roundtable discussion is co-hosted by e27 and CleverTap

If you’re interested in joining the discussion, let us know.

 

Image credits: Piero Nigro/Unsplash

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Thai beauty e-commerce firm Konvy bags US$10M from Insignia Ventures

Konvy Co-Founders Leon Huang (L) and QingGui Huang (R) with Managing Partner Pornsuda Vangvidhayakul

Konvy, a beauty e-commerce company based in Thailand, has secured US$10 million in a Series A round of funding from Insignia Ventures Partners.

The company will use the capital to expand its omnichannel and international distribution for health and beauty brands and for hiring.

“With this round of funding, we are aiming to scale up our distribution capabilities to help more local and global brands and solidify our position as the platform of choice for beauty brands in Thailand and Southeast Asia,” said Konvy CEO and Co-Founder QingGui Huang.

Launched in 2012, Konvy carries more than 1,000 global and local beauty brands, ranging from skincare and makeup to perfumes. The products are offered through various channels, including its in-house e-commerce retail platform, marketplaces, and over 800 physical retail stores.

Also Read: Echelon 2022: The search for alternative funding options for VCs

Konvy’s brand portfolio includes globally recognised brands like L’Oréal, Shiseido, Sulwhasoo, Eucerin, and La Roche-Posay.

Health & beauty is a fast-growing sector in Thailand. Thai consumers purchase products through e-commerce and social media platforms. Within the beauty segment, skincare products have the highest revenue share of 42 per cent.

In 2021, Thai beauty, health, personal and household care was estimated to be US$4 billion and is expected to grow to US$6.4 billion by 2025.

“Over the past few years in Southeast Asia, we have seen the rise of the omnichannel commerce platform, widening the connectivity of brands to end consumers. In Thailand, Konvy has already been leading the health and beauty market with an increasingly multi-channel approach, leveraging both the country’s affinity for beauty products and purchasing behaviour through various online platforms,” said Yinglan Tan, Founding Managing Partner at Insignia Ventures Partners.

Konvy previously raised seed funding from Alpha Founders Capital and ECG Ventures Capital.

Echelon 2022 aims to provide intimate and focused discussions on key topics and business matching services to facilitate business-driven connections during the two-day event. e27 will curate and invite key stakeholders of startups, investors, corporates, and ecosystem enablers to drive towards fruitful business outcomes at Echelon. 

Echelon will be co-located with SWITCH at Resorts World Sentosa from 27 to 28 October 2022. Learn more here

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The future of farming in the Asia Pacific is here to empower farmers

The Asia Pacific is home to 450 million smallholder farmers who account for more than 80 per cent of the region’s food production.

Despite being the key to addressing food security, smallholders are underserved and lack access to basic tools that can unlock the full potential and value of their farms. Most commonly, smallholder farmers struggle to access suitable farming inputs, better farming practices to produce better yield and quality, and connections with the right buyers for the right prices.

It does not help that the current agricultural value chain is highly inefficient – with layers of intermediaries standing between smallholders and consumers. This means more hands vying for their slice of the pie and lesser profits for farmers.

For example, returns from small-scale rice farming are only between US$2 – US$6 a day per farm. It is not surprising that many choose to leave the land, putting more pressure on a system at its breaking point.

To make farming a profitable profession, we need to ensure that the people growing the crops are rewarded fairly for their work. And that starts by placing the farmer at the centre of an ecosystem of integrated solutions.

Introducing the ecosystem concept

Many are familiar with the success of Apple’s ecosystem and the value that it brings to its users.

While any individual Apple product is good on its own merits, the Apple ecosystem is not about a single product. It is about a whole array of technology and offers, from Apple or external partners, that, when used together, is more than the sum of its individual parts.

Similarly, a farmer-centric ecosystem in agriculture involves an interconnected and interdependent network of diverse providers that address various farmer needs throughout their farming journey.

Also Read: Can agritech solve the world’s growing food security problem?

This is a concerted effort across the value chain, from suppliers of farm input and agronomic expertise to providers of farm services, financial and insurance services, tools for smart agriculture, and linkage to the offtake market, food processing companies and consumers.

Furthermore, just as Apple led the orchestration of their ecosystem, an ecosystem in agriculture requires a trusted party to convene partners that share a similar vision of continuously creating new value for farmers and the whole community.

Syngenta has taken the lead in catalysing this unique Farming Ecosystem, whereby the benefit to farmers is not merely derived from individual transactions but elevated overall through new value architecture and customer experience.

Technology is a key enabler of the farming ecosystem

Many services in an ecosystem rely on various technologies to complete a holistic offering. This does not refer only to the big, transformative technologies. Even the simplest of technologies can make a huge difference in emerging markets.

Soil testing, for instance, can determine the current fertility and health of soils so that farmers can apply the right amount of fertilizer. This helps manage the use of inputs compared to the current norm of blanket application and greatly reduces the overall cost to the farmer. Some examples of emerging technologies in this area include devices that provide real-time analysis and results.

Another example is using AI-assisted recognition of high-resolution images to identify pests or diseases affecting different crops. Through this, farmers can obtain an accurate and immediate diagnosis, followed by advice on solutions such as optimal pesticide use.

Equally, digital platforms can provide farmers with live access to the latest knowledge to support better crop decisions and respond quickly to challenges. It is a powerful tool to connect farmers, suppliers, retailers and consumers at scale and facilitate communication and transactions among them. During this process, valuable data is also generated and shared, building trust between each stage of the production chain.

Partnerships are key to the ecosystem’s success

As a leading Ag company, Syngenta is pioneering and convening CENTRIGO™ Farming Ecosystem alongside partners to develop a scalable combination of physical and digital (also known as ‘phygital’) solutions that will empower farmers to overcome inefficiencies, improve livelihoods and ensure the resilience of food security in the Asia Pacific.

The quality and reliability of partnerships within such an ecosystem will determine its strength and success. If you are a technology provider or an investor, now is the time to get involved.

Meeting the food demands of consumers will require connecting millions of farmers through innovative technologies, an opportunity you don’t want to miss.

Editor’s note: e27 aims to foster thought leadership by publishing views from the community. Share your opinion by submitting an article, video, podcast, or infographic

Join our e27 Telegram groupFB community, or like the e27 Facebook page

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Echelon 2022: The rise of a new startup profitability culture

Echelon

Entrepreneurs have been living in a world run by the rise-and-grind mentality, working themselves to exhaustion with their cash-burning and growth-at-all-costs business models. But, unfortunately, times are changing, and the hustle culture will not cut it in today’s startup landscape.

 The COVID-19 pandemic has shaken markets across the globe, making it dangerous for startup founders to rely heavily on venture capital (VC). So while the startup ecosystem remains filled with opportunities, the question remains: how can founders build a path to profitability now that cash burning and accelerated growth are losing their effect?

Also read: Echelon 2022: The search for alternative funding options for VCs

Shaping a new culture

Capital efficiency is becoming the culture more than speed and amount of growth. Growth remains essential, of course, but it should no longer be the only goal. Working on growth and profitability is a balancing act that startup founders may want to master to avoid crashing down. Resiliency in models and a long-term outlook will help them find their footing in a COVID-hit fundraising ground.

Developing a new founder’s mindset

The post-pandemic era requires a fresh perspective to navigate. Capital constraint, instead of cash burning, helps a new business to harness its ability to operate efficiently and to develop creative and logical ways to invest since too much capital comes with risks of bad investment choices and waste of resources.

Also read: The evolution of early-stage investing and fundraising in SEA

Learning about sustainable growth

Startups must learn how companies evolve and pivot to profitability and sustainable growth in today’s climate. This is one of the topics that will be tackled at the Echelon Asia Summit 2022. Experts will hold a panel discussion about “Breaking away from the cash-burning model and focusing on achieving sustainable growth.” Jeremy Au, Chief of Staff at Monk’s Hill Ventures, will moderate the discussion among Toh Ting Feng (GetGo), Ahmad Rizqi Meydiarso (Feedloop), Wilson Yanaprasetya (Dagangan), and Zheng Wei Quah (Accredify). In addition, they will attempt to answer the questions that startup founders should ask to survive the current environment, such as:

  • What actions are startups asking to get to profitability?
  • Google’s Sundar Pichai recently said that fun shouldn’t be equated to money. Is that a problem for startups these days, especially in all the large fundraising rounds in the past few years?
  • How has the culture changed as your startups moved to the profitability model?
  • Do more profits equal more bonuses and benefits?
  • Are founders thinking of bridge rounds to close the financial sustainability gap?

 

Echelon Asia Summit 2022 (October 27-28) returns after a three-year hiatus. It aims to gather the most influential decision-makers and industry leaders from the Southeast Asia tech and startup ecosystem.

Register for Echelon Asia Summit 2022 now!

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Photo by Pixabay via Pexels

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How Globish helps children and working professionals in Thailand and Vietnam master English

Takarn Ananthothai, CEO and Co-Founder of Globish

English teachers of public schools in rural Thailand are not so fluent in the language. Private classes are available, but they are expensive for parents. This creates a hurdle in the career growth of rural students.

Takarn Ananthothai, former President of the non-profit AIESEC Thailand, believed there must be a better way to help local people learn English.

With this goal in mind, he asked his friend and ex-management trainee at Uniqlo Thailand, Juice Chuencheewan (who later married him), to start an edutech startup and onboard globally certified part-time teachers to address this problem.

That was the genesis of Globish.

Globish, which stands for Global English, provides online English and Chinese communication courses to professionals, kids, corporates, and schools in Thailand. It uses a simplified version of English used by non-native speakers consisting of the most common words and phrases.

Also Read: BrightCHAMPS acquires SEA-focused edutech startup Schola for US$15M

The core curricula focus on building communication confidence using post-method pedagogy combined with local contexts matching learners’ behaviours.

“At Globish, students can attend one-on-one and one-on-five discussion classes, one-on-ten instructor-led classes, AI pronunciation practices, and offline workshops using real-time updated e-learning content. They get all this in one course,” Ananthothai explains. “The variety of class sizes, teachers’ nationalities, peak time slots management and teacher incentives allow us to control the quality. Besides, we have in-house video calls and a teacher rating system.”

Students can attend live classes daily, book anytime, and speak a new language practically within six months at less cost.

In 2021, the firm expanded into Ho Chi Minh City in Vietnam. It hired local management and set up a subsidiary. It will focus only on business English courses in the country. The curricula and packages have been customised accordingly.

Globish’s target customer base is working professionals aged ~30 years (70 per cent) and industrial and tech companies and kids aged eight to 15 (30 per cent).

The startup employs 175 people (130 in Thailand and 45 in Vietnam).

The language learning market growth in Thailand and Vietnam is estimated to be at 5 per cent CAGR. Thailand’s market size is around US$100 million, and Vietnam’s is about US$300 million.

While many edutech players exist in Thailand, such as Skilllane, Conicle, FutureSKill, and Caribre, Globish doesn’t compete with anyone in the adult education market. However, in Vietnam, it competes with Topica Native. In the kids’ segment, Globish’s main rivals are LingoAce, PalFish, and Scholar.

Global ambitions

Globish plans to penetrate new domestic and international markets, such as the UAE, Bangladesh, and Pakistan. It will hire native coach teams of more than 400 individuals from various countries, such as the UK, the US, South Africa, Egypt, India, Ukraine, and the Philippines. The plan is to increase to 1,000 coaches to support the market expansion and achieve 500,000 classes by the end of 2022.

It has set an ambitious target of generating an income of US$35 million by 2025. “We have started expanding to one new country. We plan to add three more and reach 100 schools in a few years,” he adds.

Last week, Globish announced a US$2.5 million Series A raise from the Digital Economy Promotion Agency (DEPA), Premier, N-VEST Venture, Top Itthipat, ECG Research, 500 Tuktuks, and Stormbreaker Venture. The fund will be used to upgrade the organisation to become the edutech leader of ASEAN. The capital will help it extend its platform beyond languages to other skills.

In a limbo

The lack of trust in online education for parents and schools has been a severe issue in Thailand. During the pandemic, parents were fed up with seeing their kids in front of the laptop for six hours a day learning in a one-way classroom at school. Because of this, online extra-curricular classes were perceived as boring and ineffective.

It is also challenging and requires lots of money to set up a concurrent classroom management system and prepare a pool of teachers and a tech platform. Raising venture capital is tough compared to the Vietnam, Indonesia, and Singapore markets. So it is tough to compete with global business by being local.

The government slowly realises the potential of edutech. “DEPA puts a lot of emphasis on education, and our funding is proof. We are the first government-funded startup in the history of Thailand. However, the government needs to do more to promote the edutech sector,” Ananthothai signs off.

Echelon 2022 aims to provide intimate and focused discussions on key topics and business matching services to facilitate business-driven connections during the two-day event. e27 will curate and invite key stakeholders of startups, investors, corporates, and ecosystem enablers to drive towards fruitful business outcomes at Echelon. 

Here’s the full list of the speakers for the 2022 edition, which will be co-located with SWITCH at Resorts World Sentosa from 27 to 28 October 2022. Learn more here

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How the future of growth through data-driven decisions would start

data-driven business

In a digital world where millions of data are coming in from millions of sources, there is no excuse for not making data-driven business decisions. But most companies are oftentimes left wondering where to start.

There are many considerations that companies have to look into when they go down the path of making data-driven decisions for their growth. This includes platform, costs, and challenges of setup and maintenance considerations, outside of the actual operations.

Enter open-source databases.

Also read: Echelon 2022: The rise of a new startup profitability culture

In a nutshell, an open source database is a database application wherein the code is free for everyone to view, download, modify, re-use and distribute, allowing users to create a system based on their own unique requirements. This allows companies to analyse massive data from a continuously growing number of sources at a lower cost.

But how can companies get started on utilising open-source databases? And is it the right path for them? 

Open-source database as a managed service? Industry leaders will weigh in

Echelon 2022 invites industry leaders to join the discussion on the current trends and future possibilities of open-source databases.

We are gathering together Southeast Asia’s industry leaders to talk about their experiences, insights, and tips on working with data for operations and growth.

The aim of this roundtable discussion is to tap on the collective experiences and expertise of the participants and share it with the community for the greater benefit of the SEA tech startup ecosystem. After the event, participant profiles and discussion insights will be published and shared with the e27 community.

Also read: The Big Leap: Bringing retention best practices across SEA

Participants will get the opportunity to discuss about:

  • Context on how they measure their growth and performance
  • Challenges they face in their company growth
  • Experiences, best practices, and challenges in dealing with data in operations and growth strategy
  • Actionable insights they could implement in their own companies

As industry leaders, roundtable participants will also be asked to share best practices and future trends they foresee on open source data platforms.

This roundtable discussion is co-hosted by e27 and Aiven, Echelon 2022’s Preferred Cloud Database Partner.

If you’re interested in joining the discussion, let us know.

 

Photo by Christina Morillo via Pexels

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What is the one thing you need in a remote work culture?

Did you guess technology? Well, I would agree to some extent.

But let’s keep it to a human level.

Have an inspiring leader. I’m not sure if you saw that coming.

Now you wonder! How can a leader keep remote workers engaged, committed, and performing at their best?

This may sound like a tall order for someone who’s leading a team that isn’t in the same room, but it’s not impossible.

The Return of the Jedi

Each year, startups are created in droves, with millions and millions of dollars invested in each one. When it comes to startup jobs, most of these companies are only hiring full-time employees who work from an office.

However, there is a new generation of startups that hire remote workers. Remote startups offer freedom to work from anywhere — from a study room in Singapore to a co-working space in Paris.

Also Read: Addressing Singapore’s talent crunch with remote work

Companies like Buffer, Zapier, and Automattic offer work-from-anywhere opportunities to their employees.

Startup jobs have grown to encompass more than just traditional brick-and-mortar businesses. Remote working started in the late 70s, picked up steam in the 80s and rose like a Jedi, following the pandemic.

The ability to work remotely has been a game-changer for some. Employees can plan their commute more easily, which means less time commuting and more quality time with family.

We’re all in search of fulfilling and rewarding careers.

Riding the wave of automation and globalisation, companies are increasingly turning to remote working. It’s a trend that’s been growing steadily in recent years.

Y Combinator, the influential startup accelerator, quietly launched its Work at a Startup (WaaS) platform back in 2018 to help companies hire the right people.

Is this me?

Coming from a traditional corporate environment, working from nine to six was the mainstream. The typical white-collar worker. Bouncing off ideas with colleagues offline, hanging out at the pantry to discover new gossip. Meeting friends and clients at the coffee shop.

Pandemic hit. Most of us learned about telecommuting, working from home and virtual calls.

Fast forward, I wouldn’t have imagined that I would be a remote worker for CINNOX, a software company in Hong Kong. Our technology ecosystem has best-in-class features that empower staff to work together and help businesses unify every touchpoint of a customer journey.

I’m happy to have the best tools available to contribute when, where, and how I need to boost team synergy.

What’s the real deal about inspiring leaders?

They are value-driven, from a deep sense of purpose. Having a responsibility to create a positive change in the team and the company.

A defining characteristic of them is they are passionate about their cause. The ability to transform lives by engaging in the process of change, both inside and outside themselves.

We are not always lucky to see these attributes. It takes time. If you do recognise them, hold on to them. Or else pull the plug.

Signs of a good remote work culture

What better way to start

I can’t say this enough. Send them regular updates on the projects. Let them know what’s going on and how their work fits into the larger picture. Reach out to them from time to time to check in, not just about how things are going but also about their morale.

Hey! Set clear horizons

It’s important for everyone involved in a project, including remote workers, to know what’s expected at each stage of development. Otherwise, there can be gaps or misunderstandings down the road. Set targets and clear milestones.

Let’s bring on those secured channels

Make sure that all communication is documented in a central location so that everyone can access it. This will help ensure that everyone knows what’s going on and how their work fits into the larger picture, whether they’re inside or outside your company.

Also Read: How smart video integration can improve your remote working environment

Can’t do without success, right?

Outline what success looks like for each project and task so everyone knows what they’re working towards. This will help you identify if there are any problems or issues along the way and give you a way to measure whether remote workers are meeting your expectations.

Turn on the visibility mode

When working in an office, it’s easy to delegate tasks and follow up with co-workers about their progress. But remote workers don’t have the same level of visibility into what everyone else is doing, so it’s important to set up processes that make sure everyone knows what they need to do, and when they should be finished by.

Point them to the friendly people

Define who owns each project or task. Let them know who has the final say on decisions and directions for the business. If you have a clear chain of command in place, then everyone will know who to go to with questions or concerns.

Stay tight, folks!

It can be tempting for remote workers to go dark for days at a time, especially if they don’t have anyone sitting across from them who can tell when something isn’t quite right.

Communication is crucial. Have safe channels and collaborative workspaces to discuss.

Celebrate success through an inspiring leader

Working remotely is not a trend anymore. It’s the future of work.

A truly inspiring leader who binds the communication of global remote team members shows value to an organisation. Team members will be supportive and empowered to drive the brand vision passionately.

Editor’s note: e27 aims to foster thought leadership by publishing views from the community. Share your opinion by submitting an article, video, podcast, or infographic

Join our e27 Telegram groupFB community, or like the e27 Facebook page

Image credit: Canva Pro

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Shippit acquires Luwjistik to ramp up regional expansion

Left to right: Shippit Co-Founders and Co-CEOs Rob Hango-Zada and William On

Australian logistics tech platform Shippit today announced that it had acquired its Southeast Asian (SEA) counterpart Luwjistik, the company behind the unified API that allows freight forwarders, couriers and third-party logistics companies to connect into network partners globally.

The deal is worth AU$18 million (US$11.2 million) and will see Shippit Co-Founder and Co-CEO William On relocate to Singapore to head up the SEA operation and a team of 50.

This deal is Shippit’s second acquisition in 2022, after announcing the acquisition of leading Australian last mile technology firm Premonition in March.

In May, Shippit completed an AU$65 million (US$48 million) Series B2 capital to support its growth, particularly in the Southeast Asian Market.

Shippit has been operating in SEA since 2020. Through the acquisition, it plans to double down on growth in the region, including in its enterprise customers, by leveraging Luwjistik’s technology, local relationships and expertise.

Also Read: Get to know these movers and shakers in India’s logistics industry

Luwjistik has agreements with 100+ network partners across 18 countries with a deep focus on Southeast Asia.

“Today is an incredibly exciting day for Shippit and the realisation of a vision we have held since starting out in 2014. Adding Luwjistik to the Shippit group bolsters our team with Co-Founders who possess significant industry knowledge and relationships that will transform our go-to-market strategy in the region,” On said in a press statement.

“Ali, Yingming and the entire Luwjistik team share the same vision for e-commerce and bringing retailers, carriers and customers closer together. This strategic move will expand our growing and scaling business through product localisation and new market entry beyond Singapore. By offering multi-partner shipping from Luwjistik’s carrier partners, it’ll also enable us to diversify our offering, enabling small-to-medium-sized logistics providers to expand their reach by accessing Luwjistik network partners. It’ll also enable us to explore and execute key partnerships in the region,” he further explains.

Luwjistik counts carriers such as Ninja Van, J&T Express, and JNE Express as network partners on its platform and provides solutions for major logistics players in the region, including POS Malaysia, Lion Parcel and Gushcloud’s social commerce arm, Summer International.

Luwjistik has won several startup awards in the region, including Alibaba Cloud Demo Day 2022 (Malaysia), Startup Wheel International Track 2022 (Vietnam), Promising Startup Champion, LogiSYM (Singapore) as well as a finalist at the Cradle MYStartup Pre-Accelerator Program 2022 (Malaysia) and Mranti Global Accelerator Program 2022 (Malaysia).

Shippit said that over 3,500 retailers of all sizes use the Shippit platform to power their deliveries. In FY22 over 40 million deliveries were booked through the Shippit platform, with US$5.5 billion worth of e-commerce fulfilled through the platform since Shippit’s launch in 2014.

Fundraising or preparing your startup for fundraising? Build your investor network, search from 400+ SEA investors on e27, and get connected or get insights regarding fundraising. Try e27 Pro for free today.

Image Credit Barrett Ward on Unsplash

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