Louken Group is exiting CombineSell in an acquisition by Shopmatic, having backed the e-commerce management platform developer at seed stage.
Singapore-based online retail software developer CombineSell has been acquired by e-commerce services provider Shopmatic, allowing branding services firm Louken Group to exit, The Business Times has reported.
The companies did not disclose the size of the transaction but Shopmatic co-founder and chief executive Anurag Avula told the newspaper it consisted of a mixture of cash and stock.
Combinesell provides software that automates parts of the online retail process for merchants, allowing them to place listings on multiple platforms, manage inventory…
