August 18

Ayala Ventures, Foxmont Capital Join Philippine E-Commerce Enabler Etaily’s $1.6 Million Seed Round

By Sainul Abudheen K

Etaily, an e-commerce enabler in the Philippines, said today it has secured US$1.6 million in seed funding from Ayala Ventures, Foxmont Capital Partners, Magsaysay Shipping & Logistics, the Boston Consulting Group, and unnamed angels.

Launched in March 2020, Etaily provides brands with a one-stop, omnichannel solution to help them sell virtually. From content production and channel creation to warehousing and fulfilment, it offers a full suite of services encompassing anything brands would need to attract consumers, transact online, and deliver their products.
Etaily claims it has generated more than one million transactions and made more than 50,000 unique products available in countries such as the Philippines, Malaysia, Indonesia, and Singapore.

Photo courtesy of Prachatai.

Source: e27 (link opens in a new window)

e-commerce, financial inclusion