{"id":895,"date":"2020-09-22T00:00:00","date_gmt":"2020-09-22T00:00:00","guid":{"rendered":"https:\/\/markupbackup.wordpress.com\/2021\/07\/21\/durians-daily-93-iprice-raises-series-b-from-philippine-conglomerate-carsome-partners-shopee\/"},"modified":"2021-07-23T07:40:26","modified_gmt":"2021-07-23T07:40:26","slug":"durians-daily-93-iprice-raises-series-b-from-philippine-conglomerate-carsome-partners-shopee","status":"publish","type":"post","link":"https:\/\/dailymarkup.com\/?p=895","title":{"rendered":"Daily Markup #93: iPrice raises Series B from Philippine conglomerate; Carsome partners Shopee\u2026"},"content":{"rendered":"<figure><img decoding=\"async\" data-width=\"490\" data-height=\"514\" src=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/1V844VJrffafn6A4ejXhO2Q.png\"><\/figure>\n<p><strong>Fresh funds<\/strong><\/p>\n<ul>\n<li>500-backed e-commerce aggregator <a href=\"https:\/\/iprice.my\/\" target=\"_blank\" rel=\"noopener\">iPrice<\/a> announced it has acquired additional funding from JG Digital Equity Ventures (JGDEV), the corporate venture capital arm of JG Summit Holdings, a Philippine conglomerate whose portfolio spans banking, transportation, real estate, manufacturing, and more.<\/li>\n<li>This is the continuation of the group\u2019s <a href=\"https:\/\/techcrunch.com\/2020\/03\/02\/iprice-a-platform-for-comparison-shopping-in-southeast-asia-raises-10-million-series-b\/\" target=\"_blank\" rel=\"noopener\">Series B Investment<\/a>, which was announced in March this year, according to a <a href=\"https:\/\/iprice.ph\/trends\/insights\/jgdev-invests-seas-leading-shopping-companion-iprice-group-bring-great-value-filipino-consumers\/\" target=\"_blank\" rel=\"noopener\">statement<\/a>.<\/li>\n<li>iPrice Group CEO Paul Brown-Kenyon tells <a href=\"https:\/\/www.techinasia.com\/iprice-bags-additional-money-jg-summit-holdingsbacked-firm\" target=\"_blank\" rel=\"noopener\">Tech in Asia<\/a> that the funds will be used to improve user engagement and its core products, in addition to expanding its reach beyond Google.<\/li>\n<\/ul>\n<figure class=\"wp-caption\"><img decoding=\"async\" data-width=\"1600\" data-height=\"1049\" src=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/img_60f7da59028ad.jpg\"><figcaption class=\"wp-caption-text\">Credit: iPrice<\/figcaption><\/figure>\n<ul>\n<li>With the help of JGDEV, iPrice can tap into the wider Filippinio consumer base. It has already secured partnerships with local companies such as RewardsMart in the Robinsons Rewards mobile app and Summit Media\u2019s online domain PEP.ph.<\/li>\n<li>\u201ciPrice has a unique approach. It doesn\u2019t aim to compete with other players, but instead, it enables these players to have more channels. As a result, it connects them to more consumers. It enables consumer transactions to be deeper and wider through its comprehensive understanding of the digital economy,\u201d said JGDEV President and CEO Jojo Malolos.<\/li>\n<li>Based in Malaysia, iPrice also operates in Singapore, Indonesia, Thailand, Philippines, Vietnam, and Hong Kong, and has about 20 million monthly visits across Southeast Asia.<\/li>\n<\/ul>\n<p><strong>Buy a car online<\/strong><\/p>\n<ul>\n<li>500-backed <a href=\"https:\/\/www.carsome.my\/v3\/?\" target=\"_blank\" rel=\"noopener\">Carsome<\/a> has entered the e-commerce space to sell used cars online through a collaboration with Shopee, one of Southeast Asia\u2019s most prominent e-commerce platforms.<\/li>\n<li>Consumers are now able to purchase an exclusive selection of used cars on Shopee\u2019s <a href=\"https:\/\/shopee.com.my\/carsome.os?categoryId=16564&amp;itemId=4146696872\" target=\"_blank\" rel=\"noopener\">platform<\/a>.<\/li>\n<li>All listed cars come complete with car specification details and multi-angled photos. They also come with a one-year warranty and five-day money back guarantee.<\/li>\n<\/ul>\n<figure class=\"wp-caption\"><img decoding=\"async\" data-width=\"1024\" data-height=\"682\" src=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/img_60f7da59a4ef9.jpg\"><figcaption class=\"wp-caption-text\">Credit: Carsome<\/figcaption><\/figure>\n<ul>\n<li>\u201cCarsome\u2019s key objective has always been to digitise the used car industry as much as possible to elevate the consumer experience. With \u201cThe New Way of Buying Cars\u201d and the extension into the online shopping domain, we are focused on integrating Malaysians\u2019 online and offline shopping experiences\u200a\u2014\u200agrowing our business as well as being able to cater to a large segment of consumers on Shopee,\u201d <a href=\"https:\/\/www.marketing-interactive.com\/used-car-trading-platform-carsome-my-zips-into-ecommerce-space-with-shopee-tie-up\" target=\"_blank\" rel=\"noopener\">said<\/a> Carsome\u2019s co-founder and group CEO Eric Cheng.<\/li>\n<li>Last month, Carsome <a href=\"https:\/\/www.carsome.my\/news\/item\/carsome-introduces-new-way-of-buying-cars\" target=\"_blank\" rel=\"noopener\">announced<\/a> the launching of a business-to-consumer (B2C) segment, offering a differentiated experience of buying used cars, in conjunction with the opening of its new flagship store, the Carsome Experience Center in Kuala Lumpur.<\/li>\n<\/ul>\n<p><strong>Japanese support<\/strong><\/p>\n<ul>\n<li>500-backed on-demand caregiving startup <a href=\"https:\/\/www.homage.com.my\/?utm_source=google&amp;utm_medium=cpc&amp;utm_campaign=MY_KL_Demand_Core_GA_Search_Prospecting_General_Brand_Homage_EN_BMM&amp;utm_term=Homage&amp;utm_content&amp;gclid=Cj0KCQjwnqH7BRDdARIsACTSAduCxcPLNYKFdfT99XsNgaHnsR4QXLIgc3wYC0H6T8-s8tPyvcXaFQ4aAtKBEALw_wcB\" target=\"_blank\" rel=\"noopener\">Homage<\/a> has received strategic investment from Infocom, a Japan-based healthcare-software provider serving over <a href=\"https:\/\/techcrunch.com\/2020\/09\/14\/homage-announces-strategic-partnership-with-infocom-one-of-japans-largest-healthcare-it-providers\/\" target=\"_blank\" rel=\"noopener\">13,000<\/a> healthcare facilities in the country.<\/li>\n<li>Through the strategic alliance, Homage and Infocom aim to accelerate the long-term care business in Japan and APAC and provide the trusted support for rapidly growing senior care needs across the region.<\/li>\n<li>\u201cJapan has one of the most aging populations in the world, and the problem is that we need to start building infrastructure to enable people to be able to access the kind of care services that they need,\u201d Gillian Tee, co-founder and chief executive of Homage, told <a href=\"https:\/\/techcrunch.com\/2020\/09\/14\/homage-announces-strategic-partnership-with-infocom-one-of-japans-largest-healthcare-it-providers\/\" target=\"_blank\" rel=\"noopener\">TechCrunch<\/a>.<\/li>\n<\/ul>\n<figure class=\"wp-caption\"><img decoding=\"async\" data-width=\"1346\" data-height=\"800\" src=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/img_60f7da5a00f79.jpg\"><figcaption class=\"wp-caption-text\">Credit: Homecare<\/figcaption><\/figure>\n<ul>\n<li>Founded in 2016, Homage is a home healthcare services provider in Singapore and Malaysia with more than 3,000 curated care and medical professionals across both markets, servicing both consumers and healthcare organisations.<\/li>\n<li>In June, Homage <a href=\"https:\/\/dailymarkup.com\/\/durians-daily-44-singapore-based-startup-launches-telemedicine-service-for-the-elderly-a8d54b7668d3\" target=\"_blank\" rel=\"noopener\">launched<\/a> Homage Health, a service providing telehealth consultations and medicine delivery to accommodate the needs of care recipients who may be at a greater risk of contracting Covid-19 during the pandemic.<\/li>\n<\/ul>\n<hr>\n<p><strong>Missed out the last Daily Markup? Go <\/strong><a href=\"https:\/\/dailymarkup.com\/\" target=\"_blank\" rel=\"noopener\"><strong>here<\/strong><\/a><strong> to check it out.<\/strong><\/p>\n<p><strong>You can also find us on <\/strong><a href=\"https:\/\/www.linkedin.com\/company\/500-durians\/\" target=\"_blank\" rel=\"noopener\"><strong>LinkedIn<\/strong><\/a><strong>, <\/strong><a href=\"https:\/\/www.facebook.com\/500durians\/\" target=\"_blank\" rel=\"noopener\"><strong>Facebook<\/strong><\/a><strong>, <\/strong><a href=\"https:\/\/twitter.com\/500Startups_SEA\" target=\"_blank\" rel=\"noopener\"><strong>Twitter<\/strong><\/a><strong>, and <\/strong><a href=\"https:\/\/www.instagram.com\/500durians\/?hl=en\" target=\"_blank\" rel=\"noopener\"><strong>Instagram<\/strong><\/a><strong>.<\/strong><\/p>\n<figure><img decoding=\"async\" data-width=\"400\" data-height=\"400\" src=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/img_60f7da5a5ac0c.jpg\"><\/figure>\n<p>500 Startups is a venture capital firm on a mission to discover and back the world\u2019s most talented entrepreneurs, help them create successful companies at scale, and build thriving global ecosystems. In Southeast Asia, 500 Startups invests through the pioneering 500 Southeast Asia family of funds. The 500 Southeast Asia funds have backed over 240 companies across multiple sectors from internet to consumer to deep technology. It continues to connect founders with capital, expertise and powerful regional and global networks to help them succeed.<\/p>\n<p><em>This post is intended solely for general informational or educational purposes only. 500 Startups Management Company, L.L.C. and its affiliates (collectively \u201c500 Startups\u201d) 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\u2019 markets, competitors, performance, and fundraising has been provided by those companies\u2019 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.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fresh funds 500-backed e-commerce aggregator iPrice announced it has acquired additional funding from JG Digital Equity Ventures (JGDEV), the corporate venture capital arm of JG Summit Holdings, a Philippine conglomerate whose portfolio spans banking, transportation, real estate, manufacturing, and more. This is the continuation of the group\u2019s Series B Investment, which was announced in March [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[322],"tags":[341,335,362],"class_list":["post-895","post","type-post","status-publish","format-standard","hentry","category-daily","tag-carsome","tag-homage","tag-iprice"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Daily Markup #93: iPrice raises Series B from Philippine conglomerate; Carsome partners Shopee\u2026 - 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=895\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Daily Markup #93: iPrice raises Series B from Philippine conglomerate; Carsome partners Shopee\u2026 - Markup\" \/>\n<meta property=\"og:description\" content=\"Fresh funds 500-backed e-commerce aggregator iPrice announced it has acquired additional funding from JG Digital Equity Ventures (JGDEV), the corporate venture capital arm of JG Summit Holdings, a Philippine conglomerate whose portfolio spans banking, transportation, real estate, manufacturing, and more. 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