#Asia Orami just raises another round of funding, set eyes on acquisition


Both the amount and the identity of the investors were not revealed yet

Today Bloomberg reported that women-focussed e-commerce platform Orami just announced a new funding round from an undisclosed source.

The amount of funding was not specified, but Orami Group CEO Jeremy Fichet stated that it is “equivalent to 30 per cent of the startup’s capital.”

The goal of the funding was to fund for acquisition of unnamed companies.

“We want to scale our business faster through opportunistic M&As,” Fichet reportedly saying.

“We like M&As because you can tackle two challenges — getting talent and customers,” he added.

It is reported that Orami will require about US$50 million to reach break even, generate sufficient scale for its businesses and roll out new services.

Also Read: Dimo join forces with Orami and HappyFresh to win e-commerce battleground

The funding round came only months away from the company’s rebranding — as a result of a merger between Moxy and Bilna — when it also raised US$15 million of funds from Facebook Co-Founder Eduardo Saverin, Ardent Capital, and Velos Partners.

The e-commerce battleground in Southeast Asia just got more competitive with Alibaba’s recent announcement of buying controlling stake in Rocket Internet’s Lazada, at the cost of over US$1 billion deal.

More on this story as it develops.

Image Credit: Gratisography

The post Orami just raises another round of funding, set eyes on acquisition appeared first on e27.

from e27 http://ift.tt/24oRkDF

Ce contenu a été publié dans #Asia par Startup365. Mettez-le en favori avec son permalien.

A propos Startup365

Chaque jour nous vous présenterons une nouvelle Startup française ! Notre pays regorge de talents et d'entrepreneurs brillants ! Alors partons à la découverte des meilleures startup françaises ! Certaines d'entre elles sont dans une étape essentielle dans la vie d'une startup : la recherche de financement, notamment par le financement participatif (ou crowdfunding en anglais). Alors participez à cette grande aventure en leur faisant une petite donation ! Les startups françaises ont besoin de vous !