STOREHUB RAISES RM36.9 MLN TO GROW ITS F, RETAIL PLATFORM

AZIZUL AHMAD

KUALA LUMPUR, Jan 13 (Bernama) -- Malaysia-founded technology company StoreHub has raised RM36.9 million in a funding round led by Vertex Ventures, an early investor in Asian tech giants including Grab, Patsnap and FirstCry.

In a statement today, StoreHub said Accord Ventures and a private family office also participated in the exercise. 

With its core focus on the Southeast Asian market, StoreHub’s omnichannel operating system for brick-and-mortar businesses now powers over 13,000 stores in Southeast Asia with a recorded transaction value of over RM5 billion (US$1.2 billion) in the last 12 months.

“This investment is set to place StoreHub on the path of aggressive growth as it continues expanding the reach of its platform, which enables restaurant and retail entrepreneurs to automate the growth of their revenue and customer base, as well as the entire process of running their operations,” it said.

-- BERNAMA

 

TAGS:

StoreHub, Retail, Technology, Vertex, Accord Ventures, Venture capital