Golden Gate Ventures | Venture Capital for Southeast Asia

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Classifieds app Carousell exploring premium listings, services to bring in revenue

Carousell, the addictive Singaporean classifieds app, is looking at new ways to monetize its platform, which should be good news for its dedicated users. Carousell, which is similar to global sales platforms Craigslist and Gumtree, has not yet monetized its platform, but Quek Siu Rui, one of the app’s three co-founders and its CEO, says

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Alibaba-backed Lazada acquires Singapore grocer RedMart

E-commerce firm Lazada, which is backed by Chinese giant Alibaba Group Holding, has acquired Singapore’s online grocer RedMart for an undisclosed sum. Lazada, which is headquartered in Singapore and has operations across Southeast Asia, said the transaction will be completed in the fourth quarter. RedMart is backed by backed by Facebook billionaire co-founder Eduardo Saverin

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Carousell acquires car classifieds platform Caarly

SINGAPORE: Mobile marketplace Carousell on Thursday (Oct 27) announced its move into the car classifieds market with its acquisition of Caarly, an online platform where car dealers and individual sellers market used cars. The acquisition – at an undisclosed sum – will see all listings on Caarly included in the Carousell marketplace. Existing Caarly partners

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Lenddo to expand services to include MFIs

Mumbai: Lenddo, a credit assessment financial technology company that uses non-traditional tools, is expanding its rating services to include microfinance institutions (MFIs), said a top executive. Leading MFIs will be on board within six to eight weeks, said Abhinav Haldia, country director (India) at Lenddo. The new service will cover individual MFI customers who live

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E-payments giant Stripe launches new intelligent fraud prevention tools

US-based e-payments giant Stripe has launched a new set of machine learning-based fraud prevention tools called Radar. The platform is able to process data from the multitude of businesses processing transactions on the Stripe network every second, as well as signals from Stripe’s financial partners to analyse and fish out fraud. Radar is integrated into

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Husband-and-wife team gets funding for payroll startup Gadjian

Indonesian human resources management and payroll platform Gadjian today announced it raised an undisclosed amount of funding. The round was led by Golden Gate Ventures, with participation from Maloekoe Ventures. Gadjian – which translates to payroll in Indonesian – is a Software as a Service (SaaS) application that helps companies keep track of their employees’

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One-stop Web markets

Thanks to online shopping, you never have to leave the house to buy what you need. But some e-commerce retailers are trying to make sure that once you hit their website, you do not leave it, too. These are online marketplaces that bring together different sellers in one place, offering consumers many products and brands

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Why Facebook Marketplace Won’t Be A Threat To Carousell

On Monday, Facebook announced the launch of Marketplace, which aims to be a “convenient destination to discover, buy and sell items with people in your community”. Giving the background that many Facebook users have long been using Facebook Groups to buy and sell items, Marketplace was launched as a bid to cater to these transactions.

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