Malaysia’s Cradle Fund invests in e-fulfillment startup TresGo
Published 22 February, 2019
TresGo, a provider of e-fulfilment solutions for online sellers in Malaysia, has raised an undisclosed sum from government-backed agency Cradle Fund, according to an official release.
TresGo will use the funds to develop its cloud-based copyright system which will enable all the operations to be viewed by their merchants in real time. The funds will also deployed for the expansion of its warehouse capacity to cater to 12000+ orders a day and towards marketing expenses.
“We have long believed in the inevitable need for the traditional warehouse management system to be digitized for the optimization of fulfillment solution. TresGo’s technology, which addressed this exact need, is exactly the reason why we decided to invest in them,” said Juliana Jan, Chief Investment Officer of Cradle.
Source from Deal Street Asia