Shopmatic, a Singapore-based ecommerce platform, has recently secured an investment of 200 million USD from Rai BloomBerg, a multinational investment firm. This large investment marks a major milestone for Shopmatic and will help the company expand its ecommerce services in the region. In this article, we will explore the details of the investment, the impact it will have on Shopmatic, and what it means for the ecommerce industry in Singapore.
Overview of Shopmatic
Shopmatic is a Singapore-based ecommerce platform that enables merchants to create their own online stores and sell their products. The company was founded in 2014 and has been steadily growing since then. It provides a full suite of services such as website building, product listing, payment processing, and order fulfillment. The platform is used by thousands of merchants across Singapore, Malaysia, and Hong Kong.
Details of the Investment
Shopmatic recently announced that it has secured a 200 million USD investment from Rai BloomBerg, a multinational investment firm. This investment will be used to expand Shopmatic’s services in the region, including the development of new technologies and the hiring of more staff. The funds will also be used to enhance Shopmatic’s customer service and marketing efforts.
Impact of the Investment on Shopmatic
The investment will have a major impact on Shopmatic. It will allow the company to expand its services and offerings to more merchants in the region. It will also enable Shopmatic to invest in new technologies, such as artificial intelligence, which will help the company provide better services to its customers. Furthermore, the investment will help Shopmatic hire more staff and improve its customer service and marketing efforts.
Implications for the Ecommerce Industry in Singapore
The investment in Shopmatic has major implications for the ecommerce industry in Singapore. It will encourage more investment in the sector, as investors see the potential for growth in the region. This could lead to the emergence of more ecommerce companies in Singapore, which will increase competition and benefit customers. Furthermore, the investment in Shopmatic could help to spur innovation in the sector, as the company will be able to invest in new technologies.
Conclusion
Shopmatic‘s recent investment of 200 million USD from Rai BloomBerg is a major milestone for the company and the ecommerce sector in Singapore. The investment will enable Shopmatic to expand its services and offerings, invest in new technologies, and hire more staff. It also has major implications for the ecommerce industry in Singapore, as it will encourage more investment and spur innovation in the sector.The company was founded in 2014 and has been steadily growing since then. It provides a full suite of services such as website building, product listing, payment processing, and order fulfillment. The platform is used by thousands of merchants across Singapore, Malaysia, and Hong Kong
