{"id":2683,"date":"2021-10-20T07:02:37","date_gmt":"2021-10-20T07:02:37","guid":{"rendered":"https:\/\/dailymarkup.com\/?p=2683"},"modified":"2021-10-20T07:02:38","modified_gmt":"2021-10-20T07:02:38","slug":"daily-markup-358-carousell-acquires-ox-street-for-its-dedicated-community-of-sneakerheads-500-southeast-asias-upcoming-string-of-successful-exits-angin-connects-indonesian-startups-with-t","status":"publish","type":"post","link":"https:\/\/dailymarkup.com\/?p=2683","title":{"rendered":"Daily Markup #358: Carousell acquires Ox Street for its dedicated community of sneakerheads; 500 Southeast Asia\u2019s upcoming string of successful exits; ANGIN connects Indonesian startups with the Netherlands"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh5.googleusercontent.com\/BqhsL0LntCPnoPQOB9DcWHZtSSL1vnZrcLLm-T78CWFJmfjyCHLurjxQowCRHUhpC-VNSj8UxiQVIKCqm4uDc00HFe9RsjC0Bb15O8rQqdKUbplbb6FtfW1Y7-O_h3_7EU-ULxvK=s1600\" alt=\"\" \/><figcaption>Credit: Carousell<\/figcaption><\/figure>\n\n\n\n<p><strong>A fitting union<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>500-backed e-commerce startup <a href=\"https:\/\/www.carousell.sg\/\">Carousell<\/a> has <a href=\"https:\/\/www.dealstreetasia.com\/stories\/carousell-ox-street-265487\/\">acquired Ox Street<\/a> in a move to capture new and fast emerging e-commerce segments.<\/li><li>Ox Street is a Singapore-based online sneaker and streetwear marketplace that focuses on product authenticity. The team inspects each pair of sneakers before it reaches buyers.<\/li><li>In a joint statement, the two firms shared that Ox Street will continue to operate as its own brand, retaining its name, platform, and team. Carousell, on the other hand, intends to benefit by capturing growth in categories driven by Gen Z trends.<\/li><li>Siu Rui Quek, co-founder and CEO of Carousell said, \u201cWe share common values in being user-first and in building communities, as evidenced by the brand love they have created amongst their dedicated community of sneakerheads and fashion enthusiasts, especially amongst the Gen Z.\u201d<\/li><li>Read the full article on DealStreetAsia <a href=\"https:\/\/www.dealstreetasia.com\/stories\/carousell-ox-street-265487\/\">here<\/a>. A subscription may be required.<\/li><\/ul>\n\n\n\n<p><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh4.googleusercontent.com\/kMysD3k61rXgBpCJ2R5ZTMWmNbIPMODkBC_hlLHsYQjdltTiQCQeEbF2yabacUNr3s8eeOsWL-obVHEFeJvN32KOHzSe-10ymzCSC4UWcZccs2N2KSqo1c3KSL1yMgHC3vMc7IQL=s1600\" alt=\"\" \/><figcaption>Credit: <a href=\"https:\/\/unsplash.com\/@barneyyau?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText\">Barney Yau<\/a> on<a href=\"https:\/\/unsplash.com\/s\/photos\/startup-asian?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText\"> Unsplash<\/a><\/figcaption><\/figure>\n\n\n\n<p><strong>A firm commitment<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>\u201cWe\u2019re seeing more interesting startups. Those opportunities are interesting enough for us to put more capital to work in those markets (Vietnam and the Philippines),\u201d Vishal Harnal, Managing Partner at <a href=\"https:\/\/sea.500.co\/new\/\">500 Southeast Asia<\/a> told <a href=\"https:\/\/technode.global\/2021\/10\/19\/500-sea-expects-more-unicorns-in-southeast-asia-following-successful-exits-like-grab-bukalapak\/\">TechNode Global in an interview<\/a>.<\/li><li>He shared that the venture capital firm is more confident in its strategy following its successes this year. According to the article, 500-backed <a href=\"https:\/\/www.grab.com\/\">Grab<\/a> looks to be shaping up to become the world\u2019s biggest SPAC (special purpose acquisition company) deal, while 500-backed <a href=\"https:\/\/www.bukalapak.com\/\">Bukalapak<\/a> launched the largest IPO in Indonesia\u2019s history.<\/li><li>\u201cWe\u2019ve had a string of successful exits that are coming up, so we\u2019re reaffirming our commitment to the region and our commitment to this strategy to support founders,\u201d he added.<\/li><li>To <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-10-17\/richest-families-in-southeast-asia-scout-for-the-next-unicorn\">Bloomberg<\/a>, Vishal also shared that more family money in Southeast Asia is being channeled into technology and tech investments because of recent startup successes.<\/li><li>Read the full TechNode interview <a href=\"https:\/\/technode.global\/2021\/10\/19\/500-sea-expects-more-unicorns-in-southeast-asia-following-successful-exits-like-grab-bukalapak\/\">here<\/a>.<\/li><\/ul>\n\n\n\n<p><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh6.googleusercontent.com\/SaQMY3X3_2vchNhHltrAfzS03CnIbsVmCq6VQJJgD6UCbJJvrFR87AVd1Tvme50mxdnydC3NuHGT4QjMhPsOgavYlgrdW5aFxqvzYzvFVynW-CdYuGa68VVyNiM1hGoKDQ5-CK7N=s1600\" alt=\"\" \/><figcaption>Credit: <a href=\"https:\/\/unsplash.com\/@airfocus?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText\">airfocus<\/a> on<a href=\"https:\/\/unsplash.com\/s\/photos\/collaboration?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText\"> Unsplash<\/a><\/figcaption><\/figure>\n\n\n\n<p><strong>Building bridges<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>500-backed Angel Investment Network Indonesia (ANGIN) has collaborated with the Embassy of the Kingdom of the Netherlands in Indonesia and Unknown Group <a href=\"https:\/\/www.netherlandsandyou.nl\/latest-news\/news\/2021\/09\/21\/nl-id-access-connecting-indonesian-startups-and-dutch-companies\">to launch the ACCESS program<\/a>.<\/li><li>Focusing on the areas of circular economy, sustainable mobility and transport, as well as life sciences and health, the program aims to facilitate connections between Indonesian startups and the Dutch private sector.<\/li><li>The program comprises online workshops, one-on-one mentorships, and a matchmaking event. The exchange of knowledge and expertise is expected to support Indonesian startups in scaling their sustainable solutions.<\/li><li>Read the full article <a href=\"https:\/\/www.netherlandsandyou.nl\/latest-news\/news\/2021\/09\/21\/nl-id-access-connecting-indonesian-startups-and-dutch-companies\">here<\/a>.<\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>A fitting union 500-backed e-commerce startup Carousell has acquired Ox Street in a move to capture new and fast emerging e-commerce segments. Ox Street is a Singapore-based online sneaker and streetwear marketplace that focuses on product authenticity. The team inspects each pair of sneakers before it reaches buyers. In a joint statement, the two firms [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":2684,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[322],"tags":[467,419,45],"class_list":["post-2683","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily","tag-500-southeast-asia","tag-angin","tag-carousell"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Daily Markup #358: Carousell acquires Ox Street for its dedicated community of sneakerheads; 500 Southeast Asia\u2019s upcoming string of successful exits; ANGIN connects Indonesian startups with the Netherlands - Markup<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dailymarkup.com\/?p=2683\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Daily Markup #358: Carousell acquires Ox Street for its dedicated community of sneakerheads; 500 Southeast Asia\u2019s upcoming string of successful exits; ANGIN connects Indonesian startups with the Netherlands - Markup\" \/>\n<meta property=\"og:description\" content=\"A fitting union 500-backed e-commerce startup Carousell has acquired Ox Street in a move to capture new and fast emerging e-commerce segments. 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