Monk’s Hill Ventures invests $2m in Malaysian freelancer platform GoGet

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Malaysian on-demand freelancer platform GoGet said on Tuesday that it has raised $2 million in a Series A round led by Singapore’s Monk’s Hill Ventures.

The funding will be used for product development, and building and expanding the product and technology teams, the company said. GoGet will also expand its sales and digital marketing teams to acquire more users.

Founded in 2014, GoGet is an errand and delivery platform that allows verified workers to sign up for part-time jobs like delivering foods or groceries and moving bulk goods. The platform has over 20,000 gig workers and over 5,000 businesses that hire the workers, including Lazada Malaysia, IKEA Malaysia, and Foodpanda, among others.

“The traditional labour market is inefficient during these challenging times. Businesses, especially SMEs, need to find innovative ways to cut costs while being profitable,” said its co-founder and CEO Francesca Chia. “Our vision is to build a sustainable future of work by empowering both businesses and gig economy workers in the Asean region. We also believe that by addressing the gaps in protection for flexible workers, it is making flexible work sustainable for our future.”

GoGet also plans to open its platform to companies to help digitise manual processes in their workforce, besides expanding across Asean, according to the statement. GoGet has bagged an undisclosed amount of capital from 500 Startups, according to data platform Techcrunch.

“The nature of work is being redefined as companies and workers seek both flexibility and fit. This trend has been accelerated by the pandemic, as businesses are transforming in response and require a more elastic workforce,” said Monk’s Hill Ventures co-founder and managing partner Kuo-Yi Lim.

Founded in 2014 and backed by institutional investors and family offices worldwide, Monk’s Hill Venture invests in early-stage technology startups in Southeast 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.

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.