{"id":3953,"date":"2023-03-07T08:49:22","date_gmt":"2023-03-07T00:49:22","guid":{"rendered":"https:\/\/dailymarkup.com\/?p=3953"},"modified":"2023-03-07T08:52:20","modified_gmt":"2023-03-07T00:52:20","slug":"daily-markup-696-una-brands-bags-us30m-pre-series-c-to-double-down-on-accelerating-e-commerce-brands-in-asia","status":"publish","type":"post","link":"https:\/\/dailymarkup.com\/?p=3953","title":{"rendered":"Daily Markup #696: Una Brands bags US$30M pre-Series C to double down on accelerating e-commerce brands in Asia"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh6.googleusercontent.com\/mv9yMDGYaGNOcHu-1jjoa5M-0SbXSLVXvd1LarpiI8H7RmXfburRqtnyfN6XOePJ9I4UDw3cA5xJRLEr_9nPXDJfx6fPPltWHki09YQj22pB9a5DloYiwMONHub83ID8fmyHcvkimB_MENjIdgqU9jQ\" alt=\"\" \/><figcaption class=\"wp-element-caption\">Credit: Una Brands<\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Making Una-believable progress<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>A lot can happen in 5 months \u2014 just ask 500-backed e-commerce aggregator <a href=\"https:\/\/www.una-brands.com\/\">Una Brands<\/a>! After a US$30M Series B raise back in September 2022, the team just announced <a href=\"http:\/\/bit.ly\/3kMXUXF\">another US$30M raise, this time for their pre-Series C financing<\/a> by Northstar Group, a regional private equity firm.<\/li>\n\n\n\n<li>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.<\/li>\n\n\n\n<li>The team added, \u201cWe believe [Northstar\u2019s] 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.\u201d<\/li>\n\n\n\n<li>Una Brands specializes in operating brands in Asia across channels such as Amazon, Shopify, Shopee, Lazada, and Tokopedia.<\/li>\n\n\n\n<li>Director of Corporate Development Kevin Boo shared that the company\u2019s 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.<\/li>\n\n\n\n<li>The team is also focusing on profitability &#8211; 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.<\/li>\n\n\n\n<li>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.<\/li>\n\n\n\n<li>Congratulations to the Una Brands team!<\/li>\n\n\n\n<li>Read the full story on <a href=\"http:\/\/bit.ly\/3kMXUXF\">TechCrunch<\/a>.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Making Una-believable progress<\/p>\n","protected":false},"author":5,"featured_media":3956,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[322],"tags":[361],"class_list":["post-3953","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily","tag-una-brands"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.1 - 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