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

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.

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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.