Daily Briefing: Securing grocery deliveries get difficult amidst COVID-19; Fintech startup MatchMove buys stake in e-commerce solutions provider

And agrifood tech firm DiMuto raises undisclosed funds from venture capital studio Latin Leap.

From Channel News Asia:

As consumers turn to online shopping following the COVID-19 outbreak, many are finding difficulty in securing the delivery of groceries and other daily essentials through online platforms.

When Singapore raised its Disease Outbreak Response System Condition (DORSCON) level to orange in early February, it took about one-and-a-half weeks before some consumers were able to secure delivery slots.

Some expressed frustration at the situation, as the government advised against "non-essential" trips to malls, and to opt to buy food and groceries online as part of safe distancing measures.

Online platforms have said they are trying to increase their capabilities to meet increasing demand during this time.

From DealStreetAsia:

Singapore-headquartered fintech firm MatchMove acquired a strategic stake in e-commerce solutions provider Shopmatic, according to an announcement.

With the investment, MatchMove will be able to extend its “banking-as-a-service” wallet capability to Shopmatic’s ecosystem spanning over 435,000 e-commerce SMEs and individual entrepreneurs across the region.

Financial details of the acquisition were not disclosed.

Shopmatic currently has presence in India, Hong Kong, China, Malaysia, Philippines, and UAE. The company is planning to expand to the rest of SEA this year.

From DealStreetAsia:

Singapore-based agrifood trade tech solutions platform DiMuto raised an undisclosed sum from venture capital studio Latin Leap, according to an announcement. This funding is said to help drive the company’s expansion to Latin America.

The new funding from Latin Leap will enable DiMuto to capitalise on its global growth momentum and help drive expansion in new markets over the next few months.

Using blockchain, IoT, and AI, it digitalises the agrifood supply chain aiming to solve industry challenges. Currently, DiMuto has presence in seven countries, including US, China, Indonesia, Australia, and Mexico.

Photo courtesy of Pexels.com

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia