Malaysia’s Cradle Fund invests in e-fulfillment startup TresGo

TresGo, a provider of e-fulfilment solutions for online sellers in Malaysia, has raised an undisclosed sum from government-backed agency Cradle Fund, according to an official release.

TresGo will use the funds to develop its cloud-based copyright system which will enable all the operations to be viewed by their merchants in real time. The funds will also deployed for the expansion of its warehouse capacity to cater to 12000+ orders a day and towards marketing expenses.

“We have long believed in the inevitable need for the traditional warehouse management system to be digitized for the optimization of fulfillment solution. TresGo’s technology, which addressed this exact need, is exactly the reason why we decided to invest in them,” said Juliana Jan, Chief Investment Officer of Cradle.

Founded in 2017 by Nadhra Fauzi and Safiyya Azman, TresGo focuses in helping SMEs with their end-to-end operations from the manufacturer to their customer. These services include storage, inventory management, packing orders from both online and retail (offline), and deliveries all enabled by TresGo’s copyrighted system.

Cradle Fund Sdn Bhd (Cradle) is Malaysia’s early-stage startup influencer, incorporated under the Ministry of Finance Malaysia (MOF) in 2003 with a mandate to fund  high-calibre tech startups through its Cradle Investment Programme (CIP).

It also runs a market-driven programme to train entrepreneurs and administers the Angel Tax Incentive (ATIO), designed for angel investors to be accorded a tax deduction of up to RM500,000 to stimulate and encourage angel investments from private sector into technology-based start-up companies in Malaysia.

Also Read:

Malaysia’s proptech startup NEXPlatform raises $189K from Cradle Fund

Malaysia’s Kumoten snags pre-Series A round led by Cradle Fun

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.