Cambodia’s Arjuni secures fund from ICCO

Arjuni factory in Cambodia

Arjuni International Ltd, a Phnom Penh-based social enterprise, has secured investment capital from ICCO Investment in a bid to expand its business to meet consumer demand and deepen the impact it has on its beneficiaries across Cambodia.

The fund raising is supported by Impact Investment Exchange Asia (IIX), which provided business advisory through Shujog Assistance for Capacity-building and Technical Services (ACTS).
“I appreciate IIX’s assistance with understanding valuation. I’m new to this arena and it was very helpful to understand the ways in which an investor might value our efforts to date.”said Janice Wilson, founder and CEO of Arjuni International.

Arjuni International manufactures human hair extensions from the hair that has been collected from women in Cambodian villages. The company processes it in a factory in Phnom Penh and sells products online, where the main market is the United States.

Despite the rapidly-growing market and emergence of other hair-extension manufacturers and retailers, Arjuni has differentiated itself through its commitment to create the social impact for all related parties.

Through its operations, the company provides employment to women-at-risk and improves the livelihood of its hair suppliers by increasing their income. The lack of middle buyers makes it possible for , Arjuni to achieve both high quality and offer reasonable priced products.

“We are thrilled that IIX’s business advisory services have contributed to Arjuni’s successful capital raising. Arjuni’s mission of providing livelihoods for women-at-risk in Cambodia is one that we wholeheartedly support. We look forward to assisting more of such high impact social enterprises (like Arjuni), as they grow and scale their impact,” said IIX’s managing director Robert Kraybill.

IIX began working with Arjuni in early March 2014 under the Shujog ACTS program. The scope of business advisory services IIX provided included, assisting Arjuni in finalising its investment documents, its business plan, financial model, and investor presentation; thus enabling Arjuni to achieve its capital raising goals.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.