Philippine e-commerce enabler Etaily raises $17.8m

Series A funding round co-anchored by Chinese and Singaporean investors

20231115 DSA

Etaily was founded in 2020 to provide services including content production, channel creation, and warehousing and fulfillment. (Source images from Etaily website)

MARS W. MOSQUEDA JR., DealStreetAsia

CEBU, Philippines -- Philippine e-commerce enabler Etaily said that it has raised $17.8 million in a Series A funding round co-anchored by Chinese private equity company SKS Capital and Singapore's Pavilion Capital.

The result of the round, announced by Etaily on Tuesday, was also backed by SBI ICCP, a joint venture between ICCP Venture Partners in the Philippines; Japan's SBI Holdings, formerly SoftBank Investments; Kaya Founders, the Magsaysay family; the Chan family; Foxmont Capital; and JG Digital Equity Ventures, the corporate venture arm of JG Summit Holdings.

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