Asia Unhedged | Snapcart raises US$3million in quest for Southeast Asian offline retail data
A woman walks in front of Matahari Department Store at a shopping mall in Jakarta, Indonesia. Photo: Retuers, Iqro Rinaldi
A woman walks in front of Matahari Department Store at a shopping mall in Jakarta, Indonesia. Photo: Retuers, Iqro Rinaldi
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Snapcart raises US$3million in quest for Southeast Asian offline retail data

The startup is hoping to finally give brands a window into little understood, but fast growing market

March 28, 2017 2:30 AM (UTC+8)

In a bid to shed light on the offline retail market of Southeast Asia, startup Snapcart has raised US$3 million in pre-Series A funding, reports TechCrunch.

“[Southeast Asia is] a black hole and brands don’t know what is happening,” explains Snapcart CEO Reynazran Royono.

The new funding round comes after Snapcart raised US$1.7 million in January of 2016. Since then Snapcart has expanded from Indonesia to the Philippines.

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