Inflated prices of goods are causing Southeast Asian consumers to reduce their expenditures this year. At the same time, online shopping has not been spared by inflation and digital spend in the region has also been impacted this year.
Teleport, the logistics venture under Malaysia-based Capital A Berhad (formerly known as AirAsia Group Berhad), has raised new growth capital of $50 million from large institutional credit investors to extend its cross-border delivery capabilities in all key Southeast Asian markets.
Private equity funding has become more common as venture capital becomes harder to find. So it’s not surprising that customer engagement vendor MessageGears just took $62 million in “growth financing” from Long Ridge Equity Partners and friends. MessageGears positions itself as an anti-CDP in the sense that it reads data directly from an external warehouse.
CDP mParticle is being acquired by ecommerce platform Rokt for a price of $300 million. It’s the third acquisition of a leading independent CDP in a little over one month, following Uniphore’s purchase of ActionIQ and Contentstack’s purchase of Lytics. All three buyers offer some type of customer-facing technology; apparently they’ve decided that adding real-time profiles from CDP will give them a competitive edge. (See this blog post for more analysis.)