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News Roundup: Carousell to help SMEs digitise business, B Capital collaborates with Antler

Carousell launches CarouBiz Booster Package to help SMEs digitise business

Online classifieds marketplaces startup Carousell announced the launch of CarouBiz Booster Package, an initiative supported by Enterprise Singapore, that seeks to help 1,000 local retailers and service merchants in Singapore in digitising and growing their businesses online.

From May 25 to December 31, eligible merchants will receive a one-time 90 per cent support from Enterprise Singapore when they sign up for the ​CarouBiz Booster Package​. Each package is valued at US$508 before support, comprises a six-month ​CarouBiz (Carousell for Business) subscription, and US$338 worth of ​Carousell coins (marketing credits) to purchase additional seller ads and promotional tools on Carousell.

CarouBiz provides tools include video listings, custom collections for product categorisation, profile cover photo for branding, and premium seller badge for credibility.

B Capital, Antler partner up to tap into respective networks

VC firm B Capital Group announced that it has partnered with startup incubator Antler, seeking to widen the respective startup community, according to a report by DealStreetAsia.

B Capital and Antler have agreed to launch events to support entrepreneurs focussing on enterprise application software across multiple industries.

Antler, an early-stage venture capital firm, recently raised US$50 million funding while B Capital reportedly has snagged US$600 million for its second fund.

Also Read: Antler raises US$50M from investors including Facebook co-founder to expand into new locations

Indian e-commerce venture JioMart starts operations in 200 cities and towns

Indian billionaire Mukesh Ambani-owned e-commerce venture JioMart has entered into more cities and towns in India, as reported by TechCrunch.

Kicking off its local expansion, JioMart launched its new website and started accepting orders in cities such as Delhi, Chennai, Kolkata, Bangalore, Pune, Bokaro, Bathinda, Ahmedabad, Gurgaon, and Dehradun.

The service now includes the provision of fruits, vegetables, and dairy items in addition to staples and other grocery products for households across the country. Under Reliance Industries, JioMart is to be present in more than a thousand districts in a year and also widen its catalogue to include electronics and office supplies.

Mukesh Ambani, the chairman and managing director of Reliance Industries, first unveiled his plan to launch an e-commerce platform last year. In a speech then, Ambani invoked Mahatma Gandhi’s work and said India needed to fight another fresh battle.

Ambani recently received more than US$10 billion in investment from KKR, Facebook, Silver Lake, Vista Equity Partners, and General Atlantic.

Indonesian digital coffee chain operator Flash Coffee enters Thailand

Flash Coffee, an Indonesian digital coffee chain operator backed by Rocket Internet, has arrived in Bangkok.

DealStreetAsia reported that after launching its first store in Indonesia in January, the coffee chain has revealed plans to expand to other Southeast Asian capital cities.

In Thailand, Flash Coffee claims that it will have a World Latte Art-winning curated menu by champion Arnon Thitiprasert and Indonesian Latte Art Champion Robby Firlian, all at affordable prices.

Image Credit: Carousell

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