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Ascential acquires Singapore’s e-commerce enabler Intrepid Group for up to US$250M

e27 Logoe271 mo ago

Ascential acquires Singapore’s e-commerce enabler Intrepid Group for up to US$250M

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Intrepid Group, a Singapore-headquartered omnichannel e-commerce solutions company, has been acquired by Ascential plc (Ascential), a global provider of information, analytics and e-commerce optimisation.  The deal is for an initial cash consideration of US$57 million, plus deferred consideration payable over four years.

In August 2020, Intrepid raised an undisclosed sum in pre-Series B financing, co-led by Thakral Sun SEA Capital (a VC firm backed by Sunway Group).

The acquisition will provide a strategic entry point for Ascential into the high-growth Southeast Asian market.


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Article Details

Author / Journalist: Sainul

Category: StartupsTechnology

Topics: Intrepid Group Kairous Capital E-commerce Investments Thakral Sun SEA Capital Singapore Mirabaud Asset Management

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-07-01, 09:47:34

News Timezone: GMT +8:00

News Source URL: e27.co

Language: English

Reading Time: 3 minutes read

Article Length: 361 words

Coverage Area: Singapore

Availability: Desktop Web, Mobile Web

News ID: 24935

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Official Website: e27.co

Update Frequency: 4 posts per day

Year Established: 2006

Headquarters: Singapore

News Last Updated: 11h ago

Coverage Areas: Singapore

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