Daily Markup

Daily Markup #696: Una Brands bags US$30M pre-Series C to double down on accelerating e-commerce brands in Asia

March 7, 2023 · 2 min read
Credit: Una Brands

Making Una-believable progress

  • A lot can happen in 5 months — just ask 500-backed e-commerce aggregator Una Brands! After a US$30M Series B raise back in September 2022, the team just announced another US$30M raise, this time for their pre-Series C financing by Northstar Group, a regional private equity firm.
  • The company shared that the fresh funds will be used to continue developing their platform and buying up more direct-to-consumer brands in categories like home and living, mom and baby, and beauty and personal care.
  • The team added, “We believe [Northstar’s] deep knowledge of the Southeast Asian markets and strong e-commerce experience will be very valuable to Una Brands as we look to double down our operations across the region.”
  • Una Brands specializes in operating brands in Asia across channels such as Amazon, Shopify, Shopee, Lazada, and Tokopedia.
  • Director of Corporate Development Kevin Boo shared that the company’s key differentiator is their diversification in geography, e-commerce channels, and product categories, all of which provide a long-term competitive advantage and greater defensibility against any industry headwinds.
  • The team is also focusing on profitability – according to Una Brands, they hit a US$70M revenue run rate for the latest fiscal year, and expects to achieve EBITDA profitability in 2023.
  • Una Brands has more than 200 team members across Singapore, Indonesia, Malaysia, Australia, India, and China, and has acquired over 20 e-commerce brands in Asia.
  • Congratulations to the Una Brands team!
  • Read the full story on TechCrunch.
Daily
Tags:
0
Share
• • • KEEP READING

Daily Markup

  • Daily Markup is brought to you by 500 Southeast Asia & 500 Global

  • This website is updated as of August 3, 2022. All content herein is intended solely for general informational or educational purposes only. 500 Startups Management Company, L.L.C. and its affiliates (collectively “500 Startups”) makes no representation as to the accuracy or information in this post and while reasonable steps have been taken to ensure that the information herein is accurate and up-to-date, no liability can be accepted for any error or omissions. All third party links in this post have not been independently verified by 500 Startups and the inclusion of such links should not be interpreted as an endorsement or confirmation of the content within. Information about portfolio companies’ markets, competitors, performance, and fundraising has been provided by those companies’ founders and has not been independently verified. Under no circumstances should any content in this post be construed as investment, legal, tax or accounting advice by 500 Startups, or an offer to provide any investment advisory service with regard to securities by 500 Startups. No content or information in this post should be construed as an offer to sell or solicitation of interest to purchase any securities advised by 500 Startups. Prospective investors considering an investment into any 500 Startups fund should not consider or construe this content as fund marketing material. The views expressed herein are as at the date of this post and are subject to change without notice. One or more 500 Startups fund may have a financial interest in one or more of the companies discussed

    All users of this website should note these important Terms of Use governing the use of this website.

  • Copyright © 2022 500 Global | All Rights Reserved

  • Privacy Policy
    Terms of Use
    Code of Conduct