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

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.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter