E-commerce enabler startup Etaily secures $4.3M in funding

E-commerce enabler Etaily secures $4.3M in seed extension round, reaches $5.9M in total funding from leading retail conglomerates
MANILA, Philippines - April 19, 2022 - PRLog -- Startup e-commerce enabler Etaily secures $4.3 million in seed extension round. This guarantees the company $5.9 million in total funding.

Gokongwei Group investment arm JG Digital Equity Ventures spearheaded the funding in partnership with the country's industry leaders and owners of Century Pacific Group, Landmark Department Store, and Abenson.com.

Through its Gobi-Core Fund PH, regional partners such as Gobi Partners returned for this round of funding alongside notable investors Ayala Ventures, Foxmont Capital, and Kenji Narushima, Chief Strategy Officer of CARRO.

Part of the new capital will be utilized to aid Etaily's push for a regional extension and continue its efforts to develop unique solutions for its brand partners. This includes an initiative to help the Philippine e-commerce market through an offline-to-online (O2O) cloud software that incorporates offline point-of-sales, allowing instant commerce and fulfillment out of stores.

"We are very grateful to receive so much trust in our growth stage. It legitimizes our traction in building a sustainable and scalable business model that can create value to the core businesses of our existing and future brands and, now even more excitingly, of our investors," says Alexander Friedhoff, co-founder of Etaily.

Now one of the country's fastest-rising e-commerce enablers, Etaily was founded in 2020. It processed more than one million transactions in its first year of operations and made over 50,000 unique products available across Southeast Asia.

The company's short time in the industry has been fruitful. Etaily has aided the efforts of more than 20 brands, including Landmark, Midea, Toshiba, and Terranova, to establish their online retail stores.

With the support and endorsement of various industry-leading conglomerates, Etaily is well on its way to doing remarkable things and leaving a mark on the e-commerce industry.

Press release originally published here: https://www.etaily.com/insights/e-commerce-enabler-etaily...

About Etaily

Etaily is a Southeast Asia-based e-commerce enabler committed to helping emerging and established brands create their online stores to strengthen their online presence.

The e-commerce enabler provides end-to-end e-commerce solutions—from content creation to warehousing and fulfillment—to enable brands to meet their goals, whether that's attracting customers, enabling online transactions, or delivering products.

To know more about their services and offerings, visit etaily's official website: https://www.etaily.com/lets-talk/

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Page Updated Last on: Jul 03, 2022

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