Commonwealth Bank backs online shopping start-up Little Birdie

The Australian company raises AUD $30m prior to its launch.

Melbourne, Australia-based Little Birdie, an online shopping start-up, announced it has raised AUD$30 million (US$23.3 million) from Commonwealth Bank. The investment is at a valuation of AUD$130 million (US$100 million), according to the company. The investment comes ahead of Little Birdie’s expected June 2021 launch in Australia.

Source: Little Birdie