SINGAPORE (May 24): Local online shopping platform, ezbuy.sg, has successfully raised a total of US$17.6 million ($23.6 million) in its pre-series C funding.
This round of funding was co-led by several venture capitalist firms in the region, including IDG, Ventech, Sky9, VKC and CGC.
In a media release issued on Thursday, ezbuy says that it will be using the funding to offer quicker and more reliable modes of localised services while, further enhancing product offerings to their customers.
This capital investment will also be allocated for the group’s regional and international expansion plans.
He Jian, co-founder and CEO of ezbuy says, “The investment will enable us to continue strengthening our core verticals and pave the way to achieve this objective faster.”
