{"id":2740,"date":"2021-11-15T07:13:56","date_gmt":"2021-11-15T07:13:56","guid":{"rendered":"https:\/\/dailymarkup.com\/?p=2740"},"modified":"2021-11-15T07:13:58","modified_gmt":"2021-11-15T07:13:58","slug":"daily-markup-375-carousell-bags-us10m-from-temasek-investment-firm-happyfresh-expands-reach-with-lippo-group-partnership-bukalapak-on-democratizing-the-e-commerce-space","status":"publish","type":"post","link":"https:\/\/dailymarkup.com\/?p=2740","title":{"rendered":"Daily Markup #375: Carousell bags US$10M from Temasek investment firm; HappyFresh expands reach with Lippo Group partnership; Bukalapak on democratizing the e-commerce space"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh5.googleusercontent.com\/GVCyfjxCB_0RUKMnI0-HLCxOwoNQJ2vRH3q9lbde8wDHdR_565l13STx5-tbc-dqGwTIlEB-eLXwDxhmtbTNHhqpeZQRMPHyoELRmrEnbctvp0SSOms8ASbfx1I5BszjhLfnQuDB\" alt=\"\" \/><figcaption>Credit: TechCrunch<\/figcaption><\/figure>\n\n\n\n<p><strong>Ramping up recommerce<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Heliconia Capital, an investment firm under Temasek, has <a href=\"https:\/\/www.businesstimes.com.sg\/garage\/temaseks-heliconia-invests-us10m-in-carousell\">invested US$10 million<\/a> in 500-backed secondhand marketplace <a href=\"https:\/\/www.carousell.sg\/\">Carousell<\/a>.<\/li><li><a href=\"https:\/\/www.forbes.com\/sites\/jonathanburgos\/2021\/09\/15\/online-marketplace-carousell-becomes-singapores-newest-unicorn-after-raising-100-million\/?sh=4146d79d1a6a\">In September<\/a>, the startup secured US$100 million in a fundraising round led by South Korean private equity firm STIC.<\/li><li>This took Carousell past its previous US$900 million valuation mark to US$1 billion, earning it the unicorn status.<\/li><li>Read the full article in <a href=\"https:\/\/www.businesstimes.com.sg\/garage\/temaseks-heliconia-invests-us10m-in-carousell\">The Business Times<\/a>.<\/li><\/ul>\n\n\n\n<p><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh3.googleusercontent.com\/gANthoz9GAvT18HtfT9AIwCvhyFJCmJHsLTmEO3x-ivoDTHJsrDwzQtSkUrbD6bLwV0r-Q6ZLZrkDh4A1u1uzK8MV_91ffRbbLPWczg2O3bFqKo3UEwBvcIMqoCh5Fv9AZyU0Y51\" alt=\"\" \/><figcaption>Credit: HappyFresh<\/figcaption><\/figure>\n\n\n\n<p><strong>Essentials for all<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>500-backed e-grocery startup <a href=\"https:\/\/www.happyfresh.id\/\">HappyFresh<\/a> has <a href=\"https:\/\/www.dealstreetasia.com\/stories\/indonesia-digests-jiwa-happyfresh-268587\/\">entered a collaboration with PT Matahari Putra Prima (MPPA)<\/a>, the retail arm of Indonesian conglomerate Lippo Group.<\/li><li>The partnership is expected to expand MPPA\u2019s reach across the country, ahead of the year-end festive season.<\/li><li>MPPA\u2019s retail brands, such as Hypermart, Foodmart, Primo, and Hyfresh will be made available on HappyFresh\u2019s platform.<\/li><li>According to the article, HappyFresh recently expanded to Bali, Makassar, Medan, and Semarang and has links to over 700 supermarkets, hypermarkets, and grocers across Indonesia, Malaysia, and Thailand.<\/li><li>Read the full story on <a href=\"https:\/\/www.dealstreetasia.com\/stories\/indonesia-digests-jiwa-happyfresh-268587\/\">DealStreetAsia<\/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:\/\/lh3.googleusercontent.com\/jyUVZ6OCmVNlxEPOs3aJMNLe1CFtcDC8HWI-5tyheYRz1UIvKmQfWVbpSTJrTA1zS2deyjMwPOpK4am2STRyIm0Cprc9jA4qDWY1dgbHjbCkENUZApN8_jUZfgC9JVK3ZRK9XQJJ\" alt=\"\" \/><figcaption>Credit: 24HTech Asia<\/figcaption><\/figure>\n\n\n\n<p><strong>Boosting businesses<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Teddy Oetomo, president of 500-backed <a href=\"https:\/\/www.bukalapak.com\/\">Bukalapak<\/a> shared how the startup responds to competition in the Indonesian e-commerce space on <a href=\"https:\/\/youtu.be\/hu3oGDiwwq0\">CNBC<\/a>.<\/li><li>According to Teddy, Bukalapak\u2019s strategy is three-pronged. The startup focuses on areas outside of Tier 1 cities, engages in all-commerce activities (providing services both online and offline), and focuses on areas where overlap with competitors is low.<\/li><li>He believes the key to tapping into the population of over 270 million lies with the mom-and-pop kiosks.<\/li><li>Many e-commerce players focus on directing traffic into a single marketplace, he shared. He said that Bukalapak has democratized that, enabling MSMEs to build their own marketplaces to serve their communities.<\/li><li>Watch the full interview on <a href=\"https:\/\/youtu.be\/hu3oGDiwwq0\">CNBC<\/a>.<\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Ramping up recommerce Heliconia Capital, an investment firm under Temasek, has invested US$10 million in 500-backed secondhand marketplace Carousell. In September, the startup secured US$100 million in a fundraising round led by South Korean private equity firm STIC. This took Carousell past its previous US$900 million valuation mark to US$1 billion, earning it the unicorn [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":2741,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[322],"tags":[354,45,332],"class_list":["post-2740","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily","tag-bukalapak","tag-carousell","tag-happyfresh"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Daily Markup #375: Carousell bags US$10M from Temasek investment firm; HappyFresh expands reach with Lippo Group partnership; Bukalapak on democratizing the e-commerce space - 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=2740\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Daily Markup #375: Carousell bags US$10M from Temasek investment firm; HappyFresh expands reach with Lippo Group partnership; Bukalapak on democratizing the e-commerce space - Markup\" \/>\n<meta property=\"og:description\" content=\"Ramping up recommerce Heliconia Capital, an investment firm under Temasek, has invested US$10 million in 500-backed secondhand marketplace Carousell. 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