Lazada Logistics courier serving a customer

Lazada rebrands its logistics units to Lazada Logistics

The story: Southeast Asian e-commerce giant Lazada announced that it has rebranded its logistics units Lazada eLogistics (LEL) and Lazada Express (LEX) to Lazada Logistics. According to the company, the new blue colour palette of Lazada Logistics reflects efficiency and reliability.

Lazada Logistics also introduced multi-channel logistics (MCL) services, which provide a single stock fulfilment solution to help e-commerce enablers and brands fulfil across all e-commerce channels seamlessly. This will apply to customers ordering on the Lazada platform and other e-commerce channels.

About the business units: LEL managed the fulfilment and logistics with third-party logistics (3PL) providers, whereas LEX handled the parcel delivery to customers.

About the company: Founded in 2012, Lazada Group operates in Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam. It aims to serve 300 million shoppers by 2030. Since 2016, Lazada is the Southeast Asia flagship platform of the Alibaba Group.

Digital wealth management platform Syfe announces key hires in Singapore

The people:

Samantha Horton has been appointed as the Vice President, Head of Business Development. Horton started her career in Morgan Stanley doing equity research, covering the ASEAN financial sector. She joined Syfe after 11 years at a multi-billion dollar sovereign wealth backed hedge fund, Broad Peak Investment Advisers, where she was Managing Director and co-head of data analytics.

Jack Prickett joined Syfe as Head of New Business. Prickett was previously regional head of securities operations at UBS in Asia. During his 15 years at the bank working in London, Hong Kong and Singapore, Jack built a 150 people team from ground-up.

Brice Derouet was appointed as Head of Finance. Derouet oversees all financial operations, including planning, reporting and compliance. Before joining Syfe, he led the finance team at the co-living operator Hmlet.

Laurens Koppelaar has taken up the role of Head of Partnerships at Syfe. Koppelaar is also responsible for the strategic development of the “Syfe for Work” offering, which comprises holistic financial well-being solutions for corporates. Before joining Syfe earlier this year, he led the international growth across Southeast Asia as CEO of the insurtech company Symbo.

Also Read: RaRa Delivery rakes in US$3.25M to provide instant delivery for e-commerce in Indonesia

Prosperna raises US$555,000 in seed funding round

Investors: Led by Foxmont Capital Partners, other key investors in the funding round included Johnsen Global Business Ventures.

Plans: Part of the US$555,000 funding will be invested in expanding their range of features and growing and supporting their customer base.

About the company: Prosperna is a Philippine-based online store builder with a mission to empower 100,000 MSMEs with simple and affordable e-commerce software.

Tooliqa Innovations raises US$1.5 million in pre-seed funding

Investors: Aditya Raj (co-founder of MarketCube), Dipak Singh (co-founder of MarketCube), and Deepak Bansal. It also included angel investors such as Dilip Singh, Raj Gupta, Sooraj Malik, and Anant Jain.

Plans: The Gurgaon-based company will use the funds to expand research & development, create systems for product development, and build infrastructure for manufacturing.

About the company: Founded in 2021, focusses on deep learning, computer vision, and 3D. It aims to make 3D and computer vision accessible to all industries and as many domains as possible.

Image Credit: Lazada

The post In brief: Lazada rebrands logistics units, Syfe announces key appointments appeared first on e27.

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