INSUBCONTINENT EXCLUSIVE:
iPrice Group, which helps comparison shoppers in Southeast Asia by pulling together prices from different e-commerce platforms, has closed a
Led by ACA Investments, the round also included participation from Daiwa PI Partners and returning investors Line Ventures, Mirae
about 5 million transactions were made through its platforms in 2019
Its core iPrice unit accounted for about half of its revenue and operated at a 30% EBITDA margin, a level of profitability the company
expects its other businesses to hit in the next two to three years.iPrice will use its funding to develop product discovery features,
including recommendations and professional product reviews
began by collecting coupons and discount codes when it launched, before expanding into price aggregation to help consumers navigate the
growing roster of e-commerce platforms in Southeast Asia, such as Zalora, Shoppee and Lazada.The platform is divided into verticals,
including electronics and appliances, fashion and automotive, and it now claims to aggregate more than 1.5 billion products from more than
1,500 e-commerce partners
It says it is the leading product aggregator in Indonesia, Vietnam, Thailand, the Philippines, Singapore, Malaysia and Hong Kong.In a press
stage and we see huge potential
iPrice Group will play an important role, especially with its comprehensive coverage of markets in Southeast Asia
