Global E-commerce Funding Increased in Q3 2022

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Adi Ahdiat 31/10/2022 13:50 WIB

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Global e-commerce funding rebounded in Q3 2022, following a sharp decline earlier in the year.

Global E-commerce Funding Value (Q1 2018 - Q3 2022)

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Global E-commerce Funding Value (Q1 2018 - Q3 2022)

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Global e-commerce funding rebounded in Q3 2022, after a sharp decline earlier in the year.

According to a CB Insights report, global e-commerce funding in Q3 reached US$4.6 billion, a 10% increase quarter-on-quarter (QoQ).

E-commerce was the only sector to see an increase in funding amidst a weakening global startup funding trend.

"In the third quarter of this year, the largest funding deals in the e-commerce sector went to brand aggregators, marketplace enablement technology companies, and specialty marketplaces," said CB Insights.

In Q3 2022, the largest e-commerce funding recipient was Klarna, based in Sweden.

Among the top 10 globally funded e-commerce companies, one is headquartered in Indonesia: Jet Commerce.

Jet Commerce is a Chinese business-to-business (B2B) provider. Since 2017, it has operated in Indonesia, offering e-commerce enablement services to brand owners such as Oppo, Realme, Mito, Bosch, and others.

Jet Commerce's services include content production, website optimization, marketing, customer service, and product delivery for online sales.

In Q3 2022, Jet Commerce secured US$60 million in funding from Singaporean and Chinese investors, including Hidden Hill Capital, Jinqiu Fund, Zhejiang Silk Road Fund, ATM Capital, and Huiyou Capital.

This placed Jet Commerce among the top 10 globally funded e-commerce companies in Q3 2022.

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Global E-commerce Funding Increased in Q3 2022

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