Country for PR: Hong Kong
Contributor: PR Newswire Asia (Hong Kong)
Wednesday, March 23 2022 - 08:00
AsiaNet
Sequoia-Backed Startup, Cococart, set to Transform E-Commerce Space in Australia
SINGAPORE, March 23, 2022 /PRNewswire-AsiaNet/--

Cococart, an e-commerce startup based in Singapore is making new waves in 
Australia, after securing $4.2 million in seed funding to expand its growth 
internationally.

Australian social commerce shops such as Little Lilac 
Desserts(https://www.instagram.com/littlelilac.desserts/), Fiora 
Cakes(https://www.instagram.com/fioracakes/), Graze with 
CK(https://www.instagram.com/grazewithck/), Three Sisters 
Bakery(https://www.instagram.com/threesistersbakeryau/), Silent 
Sift(https://www.instagram.com/silent.sift/), and Miss Misu Dessert 
Studio(https://www.instagram.com/missmisu.desserts/), are some of the many 
local businesses that have grown alongside the startup, which aims to empower 
local businesses to sell online.

Founded in 2020, Cococart currently supports more than 25,000 merchants in 95 
countries—from setting up their online storefront in minutes, to inventory 
management, mobile payments solutions, and logistics services without a single 
line of code.

How it works

-Visit Cococart(https://www.cococart.co/?ref=pr_aus)
-Create a new shop in less than a minute
-Share the new shop link on business pages and social media
-Start selling and managing orders(https://www.cococart.co/?ref=pr_aus) 
efficiently at little to no cost

Merchants can access their orders, inventory, and payments intuitively from 
their dashboard as well as unlock premium features as they grow. To date, 
Cococart has expedited more than 600,000 orders worth over US$20 million.

Its massive adoption during the start of the pandemic resulted in a 3,000% 
growth in merchant count and 4,600% growth in customers, according to its CEO 
Derek Low.

Co-founders Derek Low and Zhicong Lim are set to double down on growth, with a 
focus on Australia, as well as other untapped social commerce markets like 
India and Indonesia.

Low hopes that tapping into these markets will open up doors for business 
owners who are consistently looking for efficient and affordable ways to set up 
shops online. "I believe merchants are constantly finding new ways to thrive 
online, and we need to empower them with services that'll evolve as they grow," 
says Low.

Cococart is part of Y Combinator's S21 cohort. Its recent seed funding included 
capital raised from:

-Forerunner Ventures
-Sequoia Capital
-Uncommon Capital
-Soma Capital
-Liquid 2 Ventures
-Fitbit Chief Executive Officer James Park
-Curated Chief Executive Officer Eduardo Vivas

About Cococart

Founded in 2020, Cococart is an e-commerce startup that aims to empower local 
businesses around the world to sell online through its services. Merchants can 
set up their storefront in minutes with no code, no design, and no app 
downloads. Cococart currently supports more than 25,000 merchants, in 95 
countries.

Source: Cococart

Image Attachments Links:

   Link: https://iop.asianetnews.net/view-attachment?attach-id=417597

   Caption: Create a simple, beautiful store in minutes with Cococart.

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