Colin Charles Agenda

Shopify, Off The Rack Asia – e-commerce hots up in Malaysia

A trolley in loveSome interesting news happening in the Malaysian e-commerce space today.

  • I read about a startup, Off The Rack Asia, that aims to compete with Zalora/FashionValet/Rakuten/etc. The story broke at FZ, which is also worth a read. They don’t disclose how much Cradle gave as a grant? It’s anywhere between RM150,000 – RM500,000 isn’t it (CIP150 or CIP500)?
  • Overall, I’m hoping to see improvements in payment gateways with lobbying by all these players. And I wish the girls at Off The Rack the best, it’s a tough space to be in, but one that can only grow as Malaysia itself grows digitally (as does the region).