, a Vietnam-based ecommerce platform, has raised USD 7 million in Series B round to invest in regional expansion and onboarding new brands. The investors were GS Shop and Belt Road Capital Management. GS Shop is a large Korea-based retail company that got its start as a television home shopping company, while Belt Road Capital Management is a Cambodia-based private equity firm focussed on the Mekong region. The latest round comes about a year after Leflair raised USD 3 million in Series A and it brings the startup’s total gain to USD 12 million. The company claims to have grown by 100% year-on-year since 2015.
Korean e-commerce platform Korea has raised $12m in a series B funding round, with participation from Korean retail company Belt Road Capital Management and Cambodian private equity firm Belt Road Capital Management . The latest investment, which follows $3m in series A financing last year , brings the total lifetime funding to $3m . The e-commerce company has reported 100% YoY growth since 2015 .