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§ Private Profile · Singapore, Singapore
No-code e-commerce tools for local businesses to manage online stores, orders, and payments. SaaS platform for independent sales.
Cococart has raised $4.0M across 1 funding round.
Key people at Cococart.
Cococart was founded in 2020 by Derek Low (Founder).
Cococart has raised $4.0M in total across 1 funding round.
Based in Singapore, Cococart is a SaaS company that provides no-code e-commerce tools enabling local businesses to establish online storefronts, process digital payments, and manage their daily inventory. The platform specifically targets independent merchants, including home-based sellers, cloud kitchens, restaurants, and salon service providers, allowing them to bypass high marketplace fees and digitally transform their omnichannel sales operations. Operating with a workforce of 18 employees, the enterprise monetizes its software through tiered subscription pricing plans designed to support a diverse and expanding global merchant base. The organization gained early institutional backing by participating in the Y Combinator Summer 2021 accelerator batch, and it leverages the prior entrepreneurial experience of its leadership at Basecamp Bali alongside technical foundations developed at UC Berkeley. Cococart was officially established as a corporate entity in 2020 by sole founder Derek Low.
Key people at Cococart.
Cococart is a no-code, all-in-one e-commerce platform designed to empower local and small businesses to sell online easily and affordably. It enables merchants to set up online stores, manage orders, payments, marketing, and bookings without technical expertise or costly fees. Cococart serves local entrepreneurs, small retailers, restaurants, and service providers, particularly in emerging markets where many businesses still rely on phone or WhatsApp orders. By consolidating multiple tools into one platform, Cococart solves the problem of complex, expensive, and fragmented e-commerce solutions, helping businesses transition quickly to digital sales and grow their customer base[1][2][3][4][5].
Founded in 2020 and based in Singapore, Cococart emerged from the recognition that millions of small businesses worldwide lacked accessible, affordable online selling tools. The founders, supported by Y Combinator’s Summer 2021 batch, built Cococart to simplify e-commerce for local merchants by eliminating the need for coding, design skills, or app downloads. Early traction included rapid adoption by thousands of merchants who could launch digital storefronts in minutes, a pivotal moment that validated Cococart’s mission to transform independent businesses into online sellers effortlessly[3][5].
Cococart rides the global trend of digital transformation among small and local businesses, especially in emerging markets where many still rely on informal sales channels like WhatsApp or phone calls. The timing is critical as mobile internet penetration and digital payments grow, creating demand for simple, affordable e-commerce solutions. Cococart’s platform lowers entry barriers, enabling a large underserved segment to participate in online commerce, thus expanding the digital economy and fostering entrepreneurship. By consolidating multiple sales and marketing tools, Cococart also influences the ecosystem by promoting integrated, user-friendly SaaS solutions tailored to small business needs[2][3][5].
Looking ahead, Cococart is poised to deepen its impact by scaling its user base beyond Southeast Asia and expanding features that support business growth, such as enhanced analytics and marketing automation. Trends like increasing mobile commerce, demand for localized digital tools, and the rise of creator and micro-entrepreneur economies will shape its journey. Cococart’s influence may evolve from a simple store builder to a comprehensive business platform that empowers local businesses to thrive in a digital-first world, reinforcing its mission to democratize e-commerce access globally[1][5].
Cococart has raised $4.0M across 1 funding round. Most recently, it raised $4.0M Seed in February 2022.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Feb 1, 2022 | $4M Seed | Kirsten Green, Sequoia Capital | Animoca Brands, BITKRAFT Ventures, Curated, Greylock, Humba Ventures, Chris Wang, Evan Brown, Greg Tseng, Mark Cuban, Mark Pincus, Sebastien Borget, Eduardo Vivas, James Park, Liquid 2 Ventures, Soma Capital, Uncommon Capital, Y Combinator | Announced |
Cococart was founded in 2020 by Derek Low (Founder).
Cococart has raised $4.0M in total across 1 funding round.
Cococart's investors include Kirsten Green, Sequoia Capital, Animoca Brands, BITKRAFT Ventures, Curated, Greylock, Humba Ventures, Chris Wang, Evan Brown, Greg Tseng, Mark Cuban, Mark Pincus.
