Giosis operates Qoo10, a B2C e-commerce marketplace with sites in Singapore, Japan, Indonesia, Malaysia, Hong Kong, and China. Qoo10 claims 17.6 million registered users and reported $408 million in gross merchandise volume last year. The company plans to boost operations in Asia, with particular expansion into Indonesia and broader Southeast Asia. Planned uses of capital include marketing, deploying independent storefronts for merchants, and improving mobile apps such as messenger QTalk to migrate more traffic to mobile. Qoo10 is also investing in logistics partners to speed delivery, exploring in-store pickup, and pursuing online-to-offline strategies. Singapore Press Holdings will partner with Qoo10 on verticals like advertising and classifieds to support those efforts.

Total raised

$82M

Funding rounds

1

Latest round

Series A

Latest activity

Jul 2015