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Singapore’s Jooix is a highly-curated fashion/beauty e-commerce startup that just got some good news: the company has successfully raised around $500,000 from Beacon New Ventures. The startup, which was founded by entrepreneur Angelina Seow, was launched in 2011 and has been in operation ever since. Seow claims that without much marketing, the site has experienced impressive organic growth in Singapore and that’s what attracted Beacon New Ventures.
It’s not all about Singapore anymore, though. The cash influx will help Jooix expand into nearby markets like Indonesia, Malaysia, and Thailand. The startup will hope that its strong branding as a tastemaker — a site that offers only the finest brands and products to customers — can be carried over into those countries both through word of mouth and through more traditional digital marketing now that the company has the money for it.
Jooix’s success is impressive, but as we’ve said on this site before, Southeast Asian countries aren’t all the same and success in Singapore won’t necessarily translate into success in other markets. A cash influx is a good and necessary first step, but Seow and her team will also have to work to localize Jooix in each of its new markets to be sure it’s meeting the needs and wants of local consumers and not just copy-pasting what it offers in Singapore.
Gento Tech was hired by Jooix to revamp and implement a much stable eCommerce platform.
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