Social commerce startup Desty secured an additional US$5 million in funding in a Pre-Series A round led by East Ventures with involvement from Jungle Ventures, Fosun RZ, and January Capital. It is interesting to note that 50% of the total users of the app are online sellers, while the other 30% are content creators.

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E-commerce growth
E-Commerce has been the most consistent and fastest-growing business sector in 2020 and clearly the largest beneficiary from the COVID-19 pandemic this year. According to


