Ezbuy raises US$17.6mil in Pre-Series C funding

By Digital News Asia May 25, 2018

Round was co-led by IDG, Ventech, Sky9, VKC and CGC, among others
Funds also used to accelerate the expansion plans in the region and outside SEA

Ezbuy raises US$17.6mil in Pre-Series C funding

EZBUY.sg, a Singapore-based global shopping platform, announced on May 24 that they have successfully raised a total of US$17.6 million (RM69.99 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 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.”