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.