This fund represents one of the first public and private collaborations between RHL Ventures and SME Corp Malaysia.
The funding capital will be used to support the startup’s research and development and enhance its product quality.
The pre-series A funding round was led by Venturra Discovery, the seed investment arm of Venturra Capital.
5/4/2019 - My E.G. Services Bhd, otherwise known as MyEG, through its wholly-owned unit MyEG Capital Sdn Bhd is investing 10 million yuan investment...
The funding would be used to support TheLorry’s regional expansion in its home country Malaysia and neighbouring countries Thailand, Singapore and Indonesia.
The move is aimed at improving Go-Jek’s food delivery business, GoFood to go up against competitor GrabFood.
The funds launched would primarily be invested in tech, infrastructure, healthcare, tourism and impact-related projects in China.
The fresh funds will be used to accelerate the company’s APAC expansion.
Kalpha plans to use the proceeds to grow the business, expand the team, and market its product.
The US$60M fund will operate independently in securing worldwide deals.