Startup digest: Gogoprint taps into Malaysia, Singapore; ServisHero partners Grab for new service

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Online printing marketing and technology firm Gogoprint has expanded its footprint in Malaysia and Singapore, while ServisHero and Grab join forces to provide a new service.

Gogoprint taps into Malaysia, Singapore

Bangkok-based online printing firm Gogoprint has recently expanded its business into Malaysia and Singapore, while it is raising a new funding round without disclosing the amount.

Founded by David Berghaeuser and Alexander Suss last year, Gogoprint focuses on helping small and medium enterprises to market their business by offering premium printing services at competitive cost.  It has been growing rapidly and has become one of the major online printing marketing and technology firms in Thailand.

Berghaeuser, who previously worked with Rocket Internet, told DEALSTREETASIA that Gogoprint has shown an 80-per-cent monthly growth in terms of both orders and revenue since it launched the service, in contrast with the traditional printing industry which has been on downward trend for years.

In his opinion, printing is not dying any time soon, but operators need to adapt their business and connect their customers with digital and online technology.

“The printing industry remains in the world’s major industries and it’s worth over $898 billion, which are 8 times larger than video games market,” he said. “The opportunity for online printing business particularly in Southeast Asia is huge. We have been growing aggressively in Thailand and we are grabbing the same growth in Malaysia and Singapore before expanding into Indonesia later on.”

Gogoprint secured a middle of six-digit US dollar from OPG (Online Printing Group), a holding company which invests and supports the printing industry in emerging countries, last year. London-based private equity Kingsway Capital is one of the main investors in OPG, according to Berghaeuser.

From two founders on day one, Berghaeuser said it has about 25 employees in Bangkok office at the moment and plans to hire around 10 staffs for its initial team in Malaysia.

ServisHero partners Grab for new service

ServisHero, Southeast Asia’s mobile marketplace for local services, has joined hands with the region’s leading ride-hailing app Grab to provide its network of service providers to book a ride for their jobs directly within the ServisHero platform.

“By integrating with Grab, our Heroes have a convenient and cost-effective way of being transported to their customers. We are seeing the growing popularity of ride-sharing apps, so it makes sense for us to combine our resources to provide a seamless experience for our Heroes – connecting jobs with a safe, fast and efficient Grab ride,” said Kari Loo, co-founder and CEO of ServisHero.

ServisHero, launched in June 2015, offers a tailored marketplace for clients to hire service providers for their home and office needs.

It secured a $2.7 million pre-series A funding led by Golden Gate Ventures in March to expand its operation into Thailand, making it currently available in three countries including Malaysia and Singapore.

Reuben Lai, Gran’s Head of Business Development, said it wants to partner with more businesses and extend its transport solutions to benefit more people, everywhere in Southeast Asia.

Grab claims it has over 400,000 drivers serving 21 million customers in 31 cities in Southeast Asia.

Also read:

Local services platform ServisHero raises $2.7m from Golden Gate Ventures, Cradle

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Grab’s record $750m funding turns up the heat on Uber