BEENEXT 1

BEENEXT Capital Management is a venture capital firm established in 2015 and based in Singapore. It focuses on early-stage investments in technology startups, particularly in the information technology, SaaS, and fintech sectors. The firm primarily targets seed and Series A funding rounds and aims to support founders by leveraging its operational experience, extensive network, and unique insights. BEENEXT seeks to create a global platform for founders, emphasizing collaboration among entrepreneurs, particularly in South East Asia, India, and Japan. Since its inception, the firm has invested in over 180 companies worldwide, reflecting its commitment to fostering innovation and growth in the digital landscape.

Hero Choudary

Managing Partner

Hero Choudhary

Partner

Anirudh Garg

Partner

Nao Ito

Operating Partner

Yusuke Kono

Investor

Hironori Maeda

Managing Partner

Hiro Maeda

Managing Partner

Danella Rachel Muljono

Associate

Ricky Nguyen

Director, Operations and Finance

Chinh Nguyen

Investor

Yukano Nishijima

Investment Manager

Dirk van Quaquebeke

Managing Partner

Faiz Rahman

Partner

Teruhide Sato

Founder and CEO

Chinmaya Saxena

Partner, Community Strategy

Esther Yi

Investor

Past deals in E-commerce

Biteship

Seed Round in 2022
Biteship is a logistics solution tailored for small and medium-sized enterprises in the e-commerce sector. The company has developed a delivery management platform that automates shipping and fulfillment processes, allowing businesses to streamline their operations. Its platform includes a shipping API, a user-friendly dashboard, and plugins compatible with popular e-commerce platforms. By utilizing these features, customers can enhance efficiency in their shipping and fulfillment tasks, ultimately saving valuable time and reducing operational costs.

ShopSe

Series A in 2022
ShopSe is a fintech platform that specializes in consumer financing, providing pay later and instant EMI services. By offering no-cost EMI options at the point of purchase, ShopSe enables consumers to access instant digital credit by assessing their real-time credit eligibility. This approach not only makes financing more accessible and transparent for consumers but also helps businesses enhance their sales by incorporating an EMI facility into their payment options.

ShoprTV

Seed Round in 2022
ShoprTV is Twitch for selling things, where anyone (creators, brands, influencers) can broadcast, build an audience and sell things over live-streams. ShoprTV exists at a unique intersection of Live-commerce, creator economy and social commerce.

VCGamers

Seed Round in 2022
VCGamers is a social commerce platform based in Jakarta, Indonesia, designed for gamers to trade, connect, and share their gaming experiences. Initially focused on providing game top-ups and digital products, VCGamers has transformed into a comprehensive marketplace that facilitates secure transactions for in-game currencies, items, and services. The platform enables users to discover new games, build sports teams, and organize tournaments, thereby creating a vibrant gaming community. Additionally, VCGamers delivers daily updates on gaming, esports, technology, and gadgets through its VCNews feature. The company collaborates with various ecosystem partners, including brands, esports teams, game developers, and event organizers, to enhance the overall experience for its users and promote economic opportunities within the gaming sector.

GoCement

Seed Round in 2021
GoCement operates a groundbreaking building materials marketplace that specializes in the on-demand delivery of pre-mixed cement and associated mixing equipment directly to construction sites. By addressing prevalent issues in the cement distribution industry, such as excessive intermediaries, inconsistent quality, and logistical challenges, GoCement streamlines the procurement process for construction materials. The company's innovative approach offers customers convenience, cost savings, and improved efficiency while ensuring standardized concrete quality. With a focus on minimizing waste and enhancing productivity, GoCement aims to transform the supply chain for building materials, enabling customers to access ready-to-use products effectively and reliably.

Upmesh

Seed Round in 2021
Upmesh is a developer of a selling automation platform that enhances e-commerce functionality for live commerce merchants on social media. The platform enables users to buy and sell products in real-time during live streaming events, effectively merging entertainment with shopping. By fostering a virtual community space, Upmesh allows customers to engage with one another while participating in the buying and selling process, creating a new and interactive shopping experience.

QuickSell

Seed Round in 2021
Operator of a mobile commerce platform intended to track real-time customer insights. The company's platform creates a product catalog with inbuilt real-time customer information and a quick order booking facility and activates online sales, helping merchants to increase their conversion rate, shorten their sales cycle with a personal e-commerce strategy, and sell their products efficiently.

ShopSe

Venture Round in 2021
ShopSe is a fintech platform that specializes in consumer financing, providing pay later and instant EMI services. By offering no-cost EMI options at the point of purchase, ShopSe enables consumers to access instant digital credit by assessing their real-time credit eligibility. This approach not only makes financing more accessible and transparent for consumers but also helps businesses enhance their sales by incorporating an EMI facility into their payment options.

FloBiz

Series A in 2021
FloBiz is India's first neo business platform aimed at supporting small and medium enterprises across the country. The company offers a range of digital solutions, including FloBooks, a mobile billing and inventory management application that functions both online and offline. This user-friendly app allows businesses to create invoices, manage outstanding payments, and monitor stock levels. It also features an online store, payment reminders, sales and purchase reports, a greetings module, and a web version, making it a comprehensive tool for business management. By providing these capabilities, FloBiz empowers clients to digitize their operations and enhance efficiency in their day-to-day activities.

PhiCommerce

Series A in 2021
PhiCommerce is a developer of an omnichannel payment processing platform that focuses on facilitating digital payments. The company's platform includes a digital enablement suite that helps businesses streamline their payment processes. By offering comprehensive business plans and result-oriented strategies, PhiCommerce enables clients to achieve frictionless payments and simplified transactions. This approach not only enhances the customer experience but also supports businesses in efficiently managing their payment operations across multiple channels.

Mall91

Series A in 2019
Started in 2018 by Nitin Raj Gupta and Shubham Paramhans, Mall91 is a vernacular social commerce platform which combines live videos-based shopping, local language voice recognition-based catalogue, Whatsapp-like chat-based checkouts. The company claims that it has already reached to 2,000 Tier 2, Tier 3 and Tier 4 towns and villages of India by enabling their life's first ecommerce transaction.

GramFactory

Venture Round in 2019
GramFactory is a B2B platform that assists small retailers in sourcing products across diverse categories, including food and beverages, personal care, hygiene, confectionery, and household supplies. The platform is designed to help local grocery stores, departmental stores, and Kirana stores optimize their sourcing processes, enhance asset monetization, and access trade credit. By leveraging technology, GramFactory addresses challenges in a traditionally structured market, providing an efficient solution for small retailers and entrepreneurs to improve their operational capabilities.

FloBiz

Seed Round in 2019
FloBiz is India's first neo business platform aimed at supporting small and medium enterprises across the country. The company offers a range of digital solutions, including FloBooks, a mobile billing and inventory management application that functions both online and offline. This user-friendly app allows businesses to create invoices, manage outstanding payments, and monitor stock levels. It also features an online store, payment reminders, sales and purchase reports, a greetings module, and a web version, making it a comprehensive tool for business management. By providing these capabilities, FloBiz empowers clients to digitize their operations and enhance efficiency in their day-to-day activities.

Instamojo

Series B in 2019
Instamojo Technologies Private Limited operates an online payments and e-commerce platform designed to assist entrepreneurs in managing and growing their businesses. Founded in 2012 and based in Bengaluru, India, with an additional office in Walnut, California, Instamojo is known for its innovative "Payment Links" feature, which simplifies the process of collecting payments online. This tool allows users to create and share payment links easily, facilitating transactions across various channels. In addition to payment processing, Instamojo offers a range of services and products that help sellers establish an online store, analyze customer behavior, and enhance their business operations. The platform aims to empower small and medium-sized enterprises by providing them with accessible and efficient digital payment solutions.

Sendo

Series B in 2018
Sendo.vn is a Vietnamese e-commerce site that offers clothing, homeware, cosmetics, tech accessories, and more. Sendo helps online shoppers find daily deals, promotions, and handbooks with product listings in the categories of women’s fashion, men’s fashion, mother and baby, homeware, food, cosmetics, tech accessories, and sports and entertainment. Sendo’s product delivery network spreads across 64 cities where users can choose to make payments through credit cards, ATM cards or by a bank transfer. Sendo.vn was founded in 2012 and is headquartered in Ho Chi Minh City, Vietnam.

Zebramo

Seed Round in 2018
Zebramo (www.zebramo.com), is Turkey’s leading mobile-first C2C marketplace that makes buying/selling quick, easy and trusted. With a single sign-on, a user can be a buyer and a seller at the same time.The marketplace provides tools, processes, listing management, search, payment, communication, dispute resolution, buyer and seller protection, enabling trust, rules, legal agreements, customer support etc. to make sure that the transaction between buyers and sellers can take place.

Zilingo

Series C in 2018
Zilingo Pte Ltd. operates a digital marketplace for fashion, beauty, and lifestyle products, facilitating transactions between sellers and buyers. Founded in 2015 by Ankiti Bose and Dhruv Kapoor, the company is based in Singapore, with additional offices in New York and Los Angeles. Zilingo's platform allows buyers to shop conveniently from various sources, including malls and street markets, while also enabling them to engage with sellers through chat, make payments, and stay updated on global trends. For sellers, Zilingo offers tools to create personalized online stores, access free end-to-end logistics services, and utilize analytics to enhance sales. The company's mission is to democratize the fashion industry by leveraging technology to connect creators and producers, making the market more accessible and transparent for all participants.

Shiprocket 360

Venture Round in 2018
Skyrocket Your Online Sales. We help SME's, Manufacturers, Creative People and Service Providers setup their brand online and get sales from their own stores and also from other sales channels.

Shiprocket

Series B in 2018
Shiprocket is a logistics aggregation platform designed to facilitate global and domestic shipping for micro, small, and medium enterprises (MSMEs) in the e-commerce sector. Launched in 2017, the platform serves around 1.5 lakh sellers, enabling shipping to approximately 220 countries and 26,000 PIN codes in India through partnerships with 18 courier services. Shiprocket stands out for its AI-driven recommendation engine, which helps businesses select appropriate courier services, and its cost-effective shipping rates. The platform provides a user-friendly integrated ecosystem, including tools like Shiprocket 360 and Shiprocket Social, enabling sellers to manage their shipping and returns efficiently from a single interface. With a remarkable year-over-year growth rate of 300%, Shiprocket has established itself as a key player in the logistics landscape for e-commerce in India.

Pear Japan

Venture Round in 2017
Pear Japan operates as a platform and e-commerce business, focusing on providing an online shop advisory service. The company aims to educate individuals with limited knowledge of technology and online retail. By offering tools and technical expertise, Pear Japan empowers users to establish their online presence and broaden their customer reach. Its team comprises engineers, designers, and e-commerce consultants who collaborate to fulfill the company's vision of making online business accessible to all.

GoZefo

Series B in 2017
Zefo, an early stage eCommerce startup committed to giving buyers and sellers an absolutely hassle free used furniture shopping experience.

Zilingo

Series B in 2017
Zilingo Pte Ltd. operates a digital marketplace for fashion, beauty, and lifestyle products, facilitating transactions between sellers and buyers. Founded in 2015 by Ankiti Bose and Dhruv Kapoor, the company is based in Singapore, with additional offices in New York and Los Angeles. Zilingo's platform allows buyers to shop conveniently from various sources, including malls and street markets, while also enabling them to engage with sellers through chat, make payments, and stay updated on global trends. For sellers, Zilingo offers tools to create personalized online stores, access free end-to-end logistics services, and utilize analytics to enhance sales. The company's mission is to democratize the fashion industry by leveraging technology to connect creators and producers, making the market more accessible and transparent for all participants.

Droom

Series C in 2017
Droom Technology Private Limited is an online e-commerce platform specializing in the buying and selling of new and used automobiles, including cars, bikes, scooters, and even planes. Launched in 2014 and headquartered in Gurugram, India, Droom operates through a multi-faceted marketplace catering to various transaction formats such as B2C, C2C, C2B, and B2B. The company leverages artificial intelligence and data sciences to create a comprehensive ecosystem around used automobiles, offering services like vehicle inspection, pricing certifications, and financing options. Droom also provides ancillary services, including auto loans, vehicle insurance, and maintenance services. With a significant market share in online automobile transactions in India and expanding operations to other Southeast Asian markets, Droom serves a vast network of over 350,000 auto dealers and garners millions of monthly visitors. The platform aims to enhance transparency and trust in automobile transactions, making it easier for buyers and sellers to connect efficiently.

IndustryBuying

Series C in 2017
Industrybuying.com is India's lagest ecommerce platform for industrial supplies . They have over 50,000 products available and adding more everyday. They are first movers in bringing ecommerce to India's industrial space.

GoZefo

Series A in 2016
Zefo, an early stage eCommerce startup committed to giving buyers and sellers an absolutely hassle free used furniture shopping experience.

GoZefo

Venture Round in 2016
Zefo, an early stage eCommerce startup committed to giving buyers and sellers an absolutely hassle free used furniture shopping experience.

Bharat Bazaar

Seed Round in 2016
Bharat Bazaar is a mobile app that helps facilitate increased choice, trust and transparency between buyers and sellers, and bring in transactional ease into the fruits and vegetables wholesale supply chain.

Zilingo

Series A in 2016
Zilingo Pte Ltd. operates a digital marketplace for fashion, beauty, and lifestyle products, facilitating transactions between sellers and buyers. Founded in 2015 by Ankiti Bose and Dhruv Kapoor, the company is based in Singapore, with additional offices in New York and Los Angeles. Zilingo's platform allows buyers to shop conveniently from various sources, including malls and street markets, while also enabling them to engage with sellers through chat, make payments, and stay updated on global trends. For sellers, Zilingo offers tools to create personalized online stores, access free end-to-end logistics services, and utilize analytics to enhance sales. The company's mission is to democratize the fashion industry by leveraging technology to connect creators and producers, making the market more accessible and transparent for all participants.

Voonik

Series B in 2016
Voonik.com provides a personal shopping platform that helps people dress well within their budget, by offering style advice and hand-selected recommendations, based on the customer’s style preferences and body type. Voonik is based out of Bangalore, India. At Voonik, they are imagining how shopping will happen after 20 years and are trying to create the future NOW. Voonik's technology will meld machine-based predictions with the power of expert curation to help solve the problem of "What should I wear today?" Voonik.com is a startup founded by like-minded people from companies including Amazon, Zoho, HP Research Labs, IBM, Fresh Desk, and Aryaka and from institutions including Indian School of Business, Indian Institute of Technology, Madras Institute of Technology, Pearl Academy of Fashion, and Image Consulting Business Institute.

Droom

Series B in 2016
Droom Technology Private Limited is an online e-commerce platform specializing in the buying and selling of new and used automobiles, including cars, bikes, scooters, and even planes. Launched in 2014 and headquartered in Gurugram, India, Droom operates through a multi-faceted marketplace catering to various transaction formats such as B2C, C2C, C2B, and B2B. The company leverages artificial intelligence and data sciences to create a comprehensive ecosystem around used automobiles, offering services like vehicle inspection, pricing certifications, and financing options. Droom also provides ancillary services, including auto loans, vehicle insurance, and maintenance services. With a significant market share in online automobile transactions in India and expanding operations to other Southeast Asian markets, Droom serves a vast network of over 350,000 auto dealers and garners millions of monthly visitors. The platform aims to enhance transparency and trust in automobile transactions, making it easier for buyers and sellers to connect efficiently.

Betaout

Seed Round in 2016
Betaout Technologies Private Limited provides ecommerce marketing software for eCommerce companies. Its Betaout platform gives users a single repository of various activities, events, intent, purchase, browsing history, social footprint, and more updated in real time. The company’s platform also helps users in customer segments, email marketing, product catalog, on-site marketing, mobile push, cart recovery, and insights. The company was incorporated in 2012 and is based in Noida, India. As of October 24, 2018, Betaout Technologies Private Limited operates as a subsidiary of Bluecore, Inc..

Shiprocket 360

Series B in 2016
Skyrocket Your Online Sales. We help SME's, Manufacturers, Creative People and Service Providers setup their brand online and get sales from their own stores and also from other sales channels.

Shiprocket

Series B in 2016
Shiprocket is a logistics aggregation platform designed to facilitate global and domestic shipping for micro, small, and medium enterprises (MSMEs) in the e-commerce sector. Launched in 2017, the platform serves around 1.5 lakh sellers, enabling shipping to approximately 220 countries and 26,000 PIN codes in India through partnerships with 18 courier services. Shiprocket stands out for its AI-driven recommendation engine, which helps businesses select appropriate courier services, and its cost-effective shipping rates. The platform provides a user-friendly integrated ecosystem, including tools like Shiprocket 360 and Shiprocket Social, enabling sellers to manage their shipping and returns efficiently from a single interface. With a remarkable year-over-year growth rate of 300%, Shiprocket has established itself as a key player in the logistics landscape for e-commerce in India.

NuvoEx

Series B in 2015
NuvoEx is a logistics services provider that focuses on addressing reverse logistics challenges within the e-commerce sector. Founded in 2013 by Navneet Singh and Milind Sharma, the company offers a comprehensive online platform that delivers tailored reverse logistics solutions to meet the specific needs of its clients. NuvoEx emphasizes efficient reverse management, responsive client service, and effective shipment reconciliation, ensuring that clients receive best-in-class services within expected timelines. By solving the complexities of reverse flow in logistics, NuvoEx aims to enhance the operational efficiency of its clients.
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