The newly merged company, Next Commerce, will cover nine countries across Asia Pacific and serve more than four million customers.
PricePanda, a Germany-based consumer price comparison platform backed by retail chain Tengelmann, agreed on Thursday to merge with GetPrice, an Australia-based competitor backed by media company News Corp.
The newly merged company also received an undisclosed amount from PricePanda’s existing investors: Tengelmann’s corporate venturing unit Tengelmann Ventures, investment firm Kinnevik and Asia Pacific Investment Group, the joint venture between incubator Rocket Internet and telecommunications company Ooredoo.
Dubbed Next Commerce, the merged company will operate in nine countries across the Asia…
