E-commerce enabler Etaily secures $4.3M in seed extension round, reaches $5.9M in total funding from leading retail conglomerates

Manila, Philippines -- In the second quarter of 2021, Etaily secures $4.3 million in seed extension round on top of a $1.6 million capitalization from Century Pacific, Gokongwei Group, Abenson, and Landmark.

Regional investors, including Gobi-Core PH Fund, Foxmont Capital, CARRO Chief Strategy Officer Kenji Narushima, and Ayala Ventures, have also contributed to the funding.

Etaily will leverage the capital to develop an offline-to-online (O2O) cloud software platform. The software will allow an offline sales point and enable the fulfillment of deliveries out of stores. Etaily partners will also have the privilege of fulfilling orders seamlessly outside their stores and choosing couriers according to their proximity and parameters.

This enables Etaily to incorporate a customer-centric approach that seamlessly connects customers to entrepreneurs. For Etaily, the funding increases its credibility and helps the company scale its operations further. Given the new operation models arising from the pandemic, it provides relevant digital solutions.

Etaily is an e-commerce enabler established in 2020. In its first year of operations, the enterprise made it possible for over 50,000 unique products to be available in the Southeast Asian market, processing almost one million transactions. Its services include online retail operations, warehousing, content generation, order fulfillment, and the creation of online channels.

The one-stop e-commerce shop currently partners with 20 other businesses such as Terranova, Landmark, and Toshiba to help them cope with the digital transition that started during the pandemic and give their customers the best service.

The Gokongwei Group has proactively looked for ways to create new and more efficient marketplaces. They found long-term value in Etaily because of the founders' expertise that helped John Gokongwei's Summit Holdings with various innovations in e-commerce.

Gobi Partners, another investor, has supported Filipino start-ups for almost 20 years. They recognize how Etaily is changing the economy by providing Filipino retailers with the right platform for sustainable growth. Gobi Partners believes that Etaily will eventually execute their vision of Filipino "local players moving the economy with efficient and innovative solutions."

Lastly, Century Pacific Food, Inc. (CNPF) is considered one of the most extensive food manufacturers in the country. They evaluated every aspect of Etaily's operations, data, and capabilities through the launch of their pet food line.

Press release originally published here: https://www.etaily.com/e-commerce-enabler-etaily-secures-4-3m-in-seed-extension-round-reaches-5-9m-in-total-funding-from-leading-retail-conglomerates/

etaily
Address: 7th Floor, W Global Center, 30th Street corner 9th Avenue, Bonifacio Global City, Taguig City, Metro Manila
Email Address: inquiry@etaily.com

About Etaily
Etaily is a Southeast Asia-based e-commerce enabler committed to helping emerging and established brands create their online stores to strengthen their online presence.

The e-commerce enabler provides end-to-end e-commerce solutions-from content creation to warehousing and fulfillment-to enable brands to meet their goals, whether that's attracting customers, enabling online transactions, or delivering products.

To know more about their services and offerings, visit Etaily's official website today: https://www.etaily.com/

This release was published on openPR.