{"id":2897,"date":"2022-01-13T07:00:16","date_gmt":"2022-01-13T07:00:16","guid":{"rendered":"https:\/\/dailymarkup.com\/?p=2897"},"modified":"2022-01-13T07:00:17","modified_gmt":"2022-01-13T07:00:17","slug":"daily-markup-418-vishal-harnal-talks-success-in-social-commerce-shoppa-empowers-female-entrepreneurs-to-build-micro-enterprises-bukalapak-partnership-with-digibank-to-benefit-warungs","status":"publish","type":"post","link":"https:\/\/dailymarkup.com\/?p=2897","title":{"rendered":"Daily Markup #418: Vishal Harnal talks success in social commerce; Shoppa empowers female entrepreneurs to build micro-enterprises; Bukalapak partnership with digibank to benefit warungs"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh5.googleusercontent.com\/PA40-be29H2rbQOFZ_0Qvh8B6GTfLgsDJuVWbCRhnABmpTT-m6eSTrEMMpC63MUuD-wRAofmDNqgaCkV34WSWnPeUcLz4B5ibIPC13-TzFU7mAkOF3O6MNR2qo2VLxnwdguodTs0\" alt=\"\" \/><figcaption>Credit: Shopify<\/figcaption><\/figure>\n\n\n\n<p><strong>One click away<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The <a href=\"https:\/\/www.thinkwithgoogle.com\/intl\/en-apac\/consumer-insights\/consumer-trends\/e-conomy-sea-2021\/?utm_source=twg_paid_gsn&amp;utm_medium=paidsearch&amp;utm_campaign=twg_paid_gsn&amp;utm_medium=cpc&amp;utm_source=Google&amp;utm_team=twg-apac&amp;utm_campaign=202011-seaeconomygenericbmm-my-en&amp;gclid=CjwKCAiAlfqOBhAeEiwAYi43F7LSJfmOqPpH-299-G3Sz0-sRNNVn2hGI3IhGU16CfyM3SALShwd2RoCY0QQAvD_BwE&amp;gclsrc=aw.ds\">e-Conomy SEA 2021 report<\/a> revealed that 80% of the 440 million people online in Southeast Asia have made an online purchase at least once. Fast forward to 2022, this habit is \u201clocked and loaded\u201d, according to <a href=\"https:\/\/the-ken.com\/sea\/story\/venture-capital-social-quick-commerce-southeast-asia\/\">The Ken<\/a>.<\/li><li>Data compiled by the publication shows that there were at least 10 funding rounds closed by the social commerce sector, compared to only four in the year before.<\/li><li>\u201cThe first thing that quick commerce relies on is a greater impatience with people in waiting for things,\u201d said Vishal Harnal, managing partner at 500 Global. \u201cPeople want to buy wherever they are.\u201d<\/li><li>Last year, 500 Global invested in <a href=\"https:\/\/www.rara.delivery\">RaRa Delivery<\/a>, an instant delivery startup, which <a href=\"https:\/\/techcrunch.com\/2021\/08\/17\/rara-delivery-gets-3-25m-for-its-ambitious-on-demand-delivery-plans-in-indonesia\/\">raised US$3.25 million<\/a> in seed funding, and <a href=\"https:\/\/www.dagangan.com\">Dagangan<\/a>, a social commerce startup, which <a href=\"https:\/\/technode.global\/2021\/09\/21\/indonesia-social-e-commerce-platform-dagangan-raises-11-5m-series-a-led-by-monks-hill-ventures\/\">raised US$11.5 million<\/a> in its Series A round.<\/li><li>Read the full article on <a href=\"https:\/\/the-ken.com\/sea\/story\/venture-capital-social-quick-commerce-southeast-asia\/\">The Ken<\/a>. Registration is 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\/XEkyKBSifsdIAA9aqsAMMON4eJwHacEFkWfCb-KF7fwfmcq_9Yfm3xzBm3m0__N_xPDNk7lyTxStrVNhLuVOT5MD-dsolWJxc5pkP_2ustaJpRfsE-nY__EvS4aAnQpUCOm2XHiF\" alt=\"\" \/><figcaption>Credit: Gen.T<\/figcaption><\/figure>\n\n\n\n<p><strong>Uplifting entrepreneurs<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>More than 90% of Vietnam\u2019s population lives outside the country\u2019s two major cities, Hanoi and Ho Chi Minh City. Many smaller towns don\u2019t have a supermarket. In comes 500-backed <a href=\"https:\/\/www.shoppa.biz\/\">Shoppa<\/a>, which is on a mission to <a href=\"https:\/\/generationt.asia\/leaders\/this-singaporean-is-helping-vietnams-micro-entrepreneurs-build-digital-supermarkets\">bring daily necessities to these areas<\/a>.<\/li><li>The startup works with local women to build online micro-enterprises that deliver groceries to a market of 86 million.<\/li><li>Its value proposition? \u201cInstead of spending US$25,000 to set up a mom-and-pop shop, [micro-entrepreneurs] get to sell a wider selection of products online for only US$25 in working capital,\u201d said co-founder Geoffrey See.<\/li><li>Launched in Vietnam in May, he claimed that revenue grew 10x within two months.<\/li><li>Read the full interview on Gen.T <a href=\"https:\/\/generationt.asia\/leaders\/this-singaporean-is-helping-vietnams-micro-entrepreneurs-build-digital-supermarkets\">here<\/a>.<\/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\/4hrItNAjFrxBOgGgSjjhIvmpMqF38uIprNHGheLBenIouiHuPxSSjerI497-wLa6U-aTqZ5HdcmH-AUIh3VlOnQlVfCN1z1sJkllZHriMZRtQFjsVfdNADhoNPMracvRUURedhyp\" alt=\"\" \/><figcaption>Credit: Bukalapak<\/figcaption><\/figure>\n\n\n\n<p><strong>A digital boost<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Two 500-backed tech companies, <a href=\"https:\/\/www.bukalapak.com\/\">Bukalapak<\/a> and <a href=\"https:\/\/www.grab.com\/\">Grab<\/a>, will <a href=\"https:\/\/www.dealstreetasia.com\/stories\/bukalapak-president-allo-bank-276197\/\">become shareholders of Indonesia\u2019s Bank Allo<\/a>, a digital bank.<\/li><li>Bukalapak president Teddy Oetomo said it is adopting an open ecosystem approach and wants to collaborate with multiple banks, which he believes will benefit the <em>warung<\/em> (small family-owned business) and mom-and-pop stores in its network.<\/li><li>According to interim CEO Willix Halim, this partnership can enhance Bukalapak Mitra\u2019s services and credit offerings to rural entrepreneurs, which will drive a <a href=\"https:\/\/www.dealstreetasia.com\/stories\/indonesia-bank-allo-new-investors-275965\/\">deeper and wider penetration across Indonesia<\/a>.<\/li><li>Bank Allo is expected to launch its digital services in February.<\/li><li>Read the full article on <a href=\"https:\/\/www.dealstreetasia.com\/stories\/bukalapak-president-allo-bank-276197\/\">DealStreetAsia<\/a>. A subscription may be required.<\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>One click away The e-Conomy SEA 2021 report revealed that 80% of the 440 million people online in Southeast Asia have made an online purchase at least once. Fast forward to 2022, this habit is \u201clocked and loaded\u201d, according to The Ken. Data compiled by the publication shows that there were at least 10 funding [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":2898,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[322],"tags":[354,143,493],"class_list":["post-2897","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily","tag-bukalapak","tag-grab","tag-shoppa"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Daily Markup #418: Vishal Harnal talks success in social commerce; Shoppa empowers female entrepreneurs to build micro-enterprises; Bukalapak partnership with digibank to benefit warungs - 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=2897\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Daily Markup #418: Vishal Harnal talks success in social commerce; Shoppa empowers female entrepreneurs to build micro-enterprises; Bukalapak partnership with digibank to benefit warungs - Markup\" \/>\n<meta property=\"og:description\" content=\"One click away The e-Conomy SEA 2021 report revealed that 80% of the 440 million people online in Southeast Asia have made an online purchase at least once. 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