Home Technology Philippine e-commerce enabler Great Deals raises $30M Series B led by logistics...

Philippine e-commerce enabler Great Deals raises $30M Series B led by logistics firm Fast Group – TechCrunch

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Philippine e-commerce enabler Great Deals raises M Series B led by logistics firm Fast Group – TechCrunch

Steve Sy, CEO of Nice Offers, and William Chiongbian II, CEO of Quick Group, signal the contract for the businesses’ strategic partnership. Picture Credit: Nice Offers

Based in 2014, Nice Offers is an e-commerce enabler that helps manufacturers like Abbot, L’Oréal and Unilever construct their on-line retail operations within the Philippines. The startup introduced immediately that it has raised $30 million in Collection B funding led by Quick Group, one of many Philippines’ greatest logistics companies, with help from CVC Capital Companions. Navegar, which led Nice Offers’ Collection A, additionally returned for this spherical.

The transaction was suggested by Rocket Equities. The funding by Quick Group, which has a fleet of greater than 2,500 automobiles and 90,000 shops in its distribution community, marks the start of a strategic partnership. Nice Offers will use a part of the brand new capital to construct an automatic success middle, and the deal will assist it enhance its penetration exterior the Larger Manila Space and supply extra Immediate Commerce, or deliveries beneath one hour.

Nice Offers presently operates solely within the Philippines, however plans to increase regionally subsequent yr, founder and chief government officer Steve Sy informed TechCrunch.

In an announcement, Quick Group president and chief government officer William Chiongbian II stated, “The Quick Group sees loads of synergies with Nice Offers in constructing capability. We’re privileged to contribute to the expansion of Philippine e-commerce, because it depends closely on a powerful provide chain spine.”

A few of Nice Offers’ different shoppers embody Nestle, Samsonite, GSK, Bayer and Fila. Along with serving as an e-commerce distributor, it provides an end-to-end companies for manufacturers, together with digital content material manufacturing, advertising and marketing marketing campaign coordination and administration of market listings (Nice Offers’ companions embody Lazada, Shopee, Zalora, Zilingo, Shopify and Magento).

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