Top Six E-Commerce Companies That Are Making Waves in Singapore
Steadily growing to be one of Asia’s economic powerhouses, Singapore has seen an increase in multiple businesses setting up their headquarters in the Lion City. CEO Ram Tumuluri says, “ E-commerce companies have especially succeeded over the years due to Singapore’s consumer market that’s constantly looking for innovative and convenient shopping methods.”
Founded in 2010, this Singapore-based online marketplace is known for its array of products at budget-friendly prices, making it a favourite among locals. With a diverse range of services, from door-to-door grocery deliveries to phones and broadband plans, Qoo10 also includes partnerships with world-renowned big brands such as Nike and Adidas.
Lazada is more or less the Amazon of Southeast Asia, as it’s one of the most popular e-commerce sites in Singapore that offers consumers a range of products, from electronics to fashion, at competitive prices. Founded by Jack Ma under Alibaba Group Holdings, Lazada is now considered the largest online retailer in the country.
With sustainability and circular consumption trending across the world, Carousell has found a niche market within the e-commerce sector in Singapore. A unique e-commerce website for buyers and sellers of pre-loved products, Carousell is one of Singapore’s best C2C and B2C marketplaces that also operates in Cambodia, Australia, New Zealand and Canada.
Known as the second largest fashion apparel hub in the Asia Pacific, Singapore is home to many e-commerce clothing platforms, which makes it a fitting location for Zalora to set up its headquarters. Available in several countries, such as Malaysia. Brunei, Indonesia and the Philippines, Zalora offers consumers a range of lifestyle and luxury brands.
A highly successful e-commerce business in Singapore, EZbuy focuses on beauty, home, and fashion products sourced from the United States, Korea, and Taiwan. Consumers have the chance to get their hands on numerous brand-new and second-hand products from designer brands such as Louis Vuitton and Gucci at more affordable prices than a traditional retail store.
Rounding up this list is Shopee, an e-commerce platform in Singapore that sells an extensive range of products at huge discounted rates. Shopee, known for its regular promotions and free delivery options, is a favourite amongst Singaporeans and Southeast Asian nations.