Inside Retail Asia: Mygroser’s first public funding round

(Image Source: Inside Retail Asia)

With consumers turning to shopping groceries online, online grocer Mygroser saw local demand for grocery delivery services grow by over 1000 per cent during the early part of this year.

Riding on this wave, Mygroser is raising its first public funding round as it looks towards expansion.

Despite having launched only in September 2019, Mygroser is targeting profitability within the next 12 months; using a fresh injection of funds to meet the surge in demand and extend their delivery services. The capital from the funding round will also be invested in machine learning for supply chain management and their cloud-store powered premium grocery service model.Great to see e-commerce startups emerging even stronger in this crisis! To find out more, click on the link below to read the full article.

Source: Malaysia’s Mygroser looks to expand as Covid-19 boosts demand


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