iPrice's CEO Reveals Strategic Plans, Including Series C Fundraising
Recently bags additional funding worth $1.5 million led by South Korean food-tech Woowa Brothers
The e-commerce aggregator platform iPrice Group received another funding worth $1.5 million or equivalent to 21.5 billion Rupiah, led by South Korean food-tech company Woowa Brothers. iPrice Group's CEO Paul Brown-Kenyon said to DailySocial that this fresh fund strengthens the company's position as a support role of e-commerce services in Southeast Asia. This funding is also projected to smooth the company's plan to continue raising series C funds.
"Our long-term vision is to become an e-commerce companion for the Southeast Asia region. Our target for this funding is that iPrice is moving towards a series C funding round; also to refine products and accelerate partnerships. Under current plans, we want to achieve profitability within 2-3 years ahead."
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