Malaysia’s Zoom eyes overseas expansion, expects to close Series A in 12 months

Jeevan Kumar (seated left), co-founder and chief executive officer of ZOOM, gives the thumbs up with his team.

After 30 attempts at raising funds, Malaysian on-demand delivery startup Zoom finally secured RM4 million ($1.01 million) in a pre-Series A round early this year 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.

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