Malaysian startup Zoom raises $1m in Gobi Partners-led pre-Series A

Zoom Malaysia
Visual from Zoom's Facebook page

Malaysian on-demand delivery startup Zoom is set to expand its operations in the country after raising MYR 4 million ($1.01 million) in a pre-Series A round led by Gobi Partners.

The latest funding round was joined by Cana Asia Limited, Spiral Ventures, and Cradle Fund. Klang-based Zoom said it will use the funds to expand its operations to Penang and Johor Baru and then explore the Indonesian and Thai markets in 2019.

Launched by Jeevan Kumar, Mohamad Hafiz and Sean Lee in January 2016, Zoom works with businesses to solve last-mile delivery issues. Awarded the 2017 Startup of the Year at the ASEAN Rice Bowl Startup Awards, the Malaysian company has more than 80 regular riders and over 300 registered on-call delivery riders called Zoomers.

Zoom also plans to start white-labelling the interface for corporate clients that want to manage their logistics internally, but use Zoom’s system for the automation of grouping and assigning deliveries, Zoom’s co-founder Jeevan Kumar was quoted by local reports as saying.

Gobi Partners has earlier invested in GoGoVan, Hong Kong’s first unicorn, on behalf of Alibaba’s Hong Kong Entrepreneurs Fund and Indonesia’s Deliveree, a full-service on-demand transportation and logistics startup.

Also Read:

Gobi Partners promotes Kenneth Tan, Taraec Hussein to VPs in ASEAN team

Chinese finance platform Black Fish raises $145m from Gobi, Lightspeed, others