The One Secret That Finally Got This M'sian Startup RM4 Mil In Funding—After 30 Attempts

Published 16 January, 2018

  • Malaysian startup Zoom has secured RM4 mil in a round of funding, with Gobi Partners the lead investors.
  • CEO Jeevan Kumar credits an emphasis on improving their product and platform as the key factor behind Zoom’s success in acquiring funding.
  • Future plans include activating Penang and Johor Bahru, as well as expanding to Thailand and Indonesia.

Following their “Best Startup” win at the ASEAN Rice Bowl Awards in December last year, Malaysian B2B delivery platform Zoom just announced their success in acquiring RM4 million during a round of Pre-Series A funding.

Gobi Partners led the investor pool; other investors include Cana Asia Limited, Spiral Ventures Pte Ltd, and Cradle Fund.

Founded in 2016, Zoom provides a web-based platform for businesses to solve their last-mile delivery issues via a system that employs professional riders and deep integration within their clients’ business ecosystems.

Zoom plans to use these newly acquired funds to expand their business to Penang and Johor Bahru while also continuing to improve their services within the Klang Valley. Within the coming year, they also hope to expand to Thailand and Indonesia.

Source from Vulcan Post