KUALA LUMPUR, Dec 21 -- Southeast Asia-focused logistics technology startup, Zeek recently secured approximately US$10 million in Series Pre-A financing from regional strategic investors and investment funds. (US$1 = RM4.043)
The company will use the new funding for further expansion in Southeast Asia markets, enhancement and refinement of logistics management technology and data analytics applications, according to a statement.
The latest round of financing takes Zeek’s total funding raised to around US$15 million up to date from investors including SF Holding; Chinachem Group; Philippines KHO Group family; and Dr Lee Ka Kit, Chairman and Managing Director of Henderson Land in private investment.
“This round of financing will help our extension of intelligent logistics applications to more industries and fuel our expansion in Southeast Asia where Internet penetration and young consumers are massive and exponential growth of online consumption is underway,” said Zeek Co-Founder & Chief Executive Officer, KK Chiu.
Established by Kin Shun Information Technology Limited in 2017, Zeek has been focusing on the provision of data-driven intelligent logistics technology to Southeast Asian merchants with solutions spanning across online order management, delivery capacities management, big data analytics and O2O operations enhancement for an array of industries.
Zeek’s leveraged intelligent logistics technology was trusted by global merchants and Southeast Asian brands which have established strategic partnerships with Zeek in the application of intelligent logistics to digital transformation.
The company’s revenue has exceeded US$28 million this year, and is estimated to grow by at least 100 per cent next year. Zeek is confident to become one of the leading intra-city intelligent logistics players in F&B and lifestyle sectors in Southeast Asia.
More details at https://www.zeek.one.
-- BERNAMA
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