Shonet’s new e-commerce platform aims to become Indonesia’s one-stop solution for beauty products
Shonet, an Indonesian social media platform, has launched an e-commerce platform for fashion and beauty products, according to a press release.
With this launch, the company aims to become a one-stop solution platform for all things, fashion and beauty.
“Our mission is to become a platform that supports the local fashion and beauty industry through our platform. We believe that local Indonesian brands need to have the same opportunity to compete with international brands,” said Shonet’s CEO Elisabeth Kurniawan.
KPMG’s report reveals slip in India’s VC funding to US$2.2 billion in Q1
Despite the fact that many Indian startups landing investors during the pandemic, KPMG’s latest Venture Pulse report has reported that VC investments in India have dropped to US$2.2 billion in Q1 of 2020, according to The Economic Times.
This compares with the US$6 billion in the October-November quarter of 2019.
The reason for the decline remains obvious as more investors begin to worry about the implications of COVID-19 on companies and India’s economy in general.
On the other hand, 2019 had seen a record-breaking inflow of US$14.5 billion in investment, spread over 909 deals.
Also Read: Five e27 Pro member-companies describe their experience with e27 Connect
“Initially, India was not as affected by COVID-19 in Q1 2020 compared to China. Concerns related to the pandemic grew later in the quarter, due in part to the fact that India receives a significant amount of VC investment from international VC firms and corporates,” the report said.
Deals are expected to slow over the next quarter. However, sectors like edutech, health-tech, gaming and auto-tech, are anticipated to continue to draw interest from VC investors.
Good Doctor, GrabHealth team up to offer healthcare workers and driver-partners free rapid tests
Good Doctor Technology Indonesia has partnered with GrabHealth to offer healthcare workers and driver-partners free rapid tests, according to a company statement.
The tests will be implemented in eight regional cities outside of Jakarta, including Bekasi, Bogor, Tangerang, Yogyakarta, Semarang, Surabaya, Medan, and Makassar.
Health workers and driver-partners who wish to register for this programme can enter the Grab application and select the ‘Health’ service to consult with Good Doctor’s partner doctors and through the screening process. Good Doctor will be collaborating with 19 hospitals to serve as the rapid test implementation team.
“The government’s action in improving and increasing both rapid and PCR tests is very much on point at this stage. Compared to the beginning of April, the national positive COVID-19 cases have increased threefold, and 40 per cent of the COVID-19 cases in Indonesia stemmed from provinces outside of Jakarta,” said Danu Wicaksana, Managing Director of Good Doctor.
“The programme remains targeted for health workers in the frontline and Grab‟s partner-rivers as these two groups have the greatest need for this service. We hope that our efforts can help accelerate the COVID-19 handling in our beloved country,” he added.
—
Image Credit: Shonet
The post Afternoon News Roundup: Shonet launches fashion e-commerce platform in Indonesia appeared first on e27.