PricePanda investment of USD 3 million to Southeast Asia

Price comparison platform owned Rocket Internet, PricePanda, today announced that it has received an investment of USD 3 million of Tengelmann Group and several other investors such as Investment AB Kinnevik and Rocket Internet.
With this investment, PricePanda want to get into the realm of e-commerce in more countries in the next few months.

Currently, the price comparison website has been present in Indonesia, Singapore, the Philippines, and Malaysia. In addition to these countries, PricePanda last November also announced its intention to launch its website in Thailand and open a regional office in Southeast Asia.
According to co-founder PricePanda, Christian Schiller, the initial objective was to " bring transparency to the world and the big picture is full of information " for the e-commerce business in Southeast Asia. He says that user feedback is proof of the success PricePanda.

Two weeks ago, the company announced that it managed to attract one million people visited e-commerce sites in Southeast Asia. The site is now also compare more than 70,000 products.

With the prediction that Internet users in Southeast Asia in 2020 will reach 360 million people, PricePanda team is optimistic that their company will continue to grow in this region. To date, Malaysia remains the largest market for PricePanda.

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