Samachar Live
Press Release

Ezbuy Raises US$17.6 Million In Pre-Series C Funding

  • The Pre-Series C funding will primarily be allocated to offer
    quick and more reliable modes of localised services to customers
  • A key component of the investment will also be utilised
    to accelerate the expansion plans to more countries in the region as well as
    outside of Southeast Asia

 

SINGAPORE – Media OutReach  24 May 2018 – ezbuy.sg, Singapore’s first and largest global shopping platform,
announced today that they have successfully raised a total of US$17.6 million in
Pre-Series C funding. The round of funding was co-led by several venture
capitalist firms in the region, including IDG, Ventech, Sky9, VKC and CGC.

 

A home-grown company
and one of the pioneers of e-commerce platforms in Singapore since 2010, ezbuy will
be using the funding to offer quicker and more reliable modes of localized
services and at the same time, further enhance the product offerings to their
customers. The capital investment will also be allocated for ezbuy’s expansion
plans in the region as well as countries outside of Southeast Asia.

 

“The Pre-Series C funding cements ezbuy’s
position as the leading e-commerce platform in Asia,” said ezbuy’s Co-founder and CEO, He Jian.
He added, “Our core mission
since the start has always been to provide customers with the convenient access
to shop for their favourite products from all over the world. The investment
will enable us to continue strengthening our core verticals and pave the way to
achieve this objective faster” said He Jian.

 

Beyond the rapid growth of its user and product metrics
in the last 12 months, ezbuy has actively pushed the boundaries within the
e-commerce ecosystem to offer customers the best-value products from all over
the world, on a single platform.
For more information, visit www.ezbuy.sg.

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