Malaysia's B2B startup Supplycart raises US$2M funding

Supplycart has recently raised over USD 2 million in funding from FirstFloor Capital. The tech start-up aims to help Malaysian SMEs by enhancing company culture through a streamlined procurement platform.

Receiving USD 2,000,000 funding from FirstFloor Capital Aucfan Co Ltd and other private investors, Supplycart is impacting hundreds of businesses purchasing needs and improving company culture throughout Malaysia.

Previously in 2016, Supplycart raised USD500,000 from KK Fund, Cradle Fund and other private investors. According to Jonathan Oh CEO & Co-founder, "We have had really great adoption and growth the past 2 years. Our early stage investors KK Fund have been really supportive when working with us and with the new funds together with FirstFloor Capital would allow us to extend our offerings to more businesses throughout Malaysia and ultimately a major player in the procurement platform in SEA region".

Founders of Supplycart

Supplycart is an online B2B service management platform in Malaysia for products, multi-services and related procurement in office management. The web-based platform allows clients (B2B) and vendors to enable a fully digital process from sourcing to order processing, vendor management and invoicing. Clients can easily procure, manage and expense office management services from one single point. Some of the areas we work with our clients include corporate catering, pantry planning and management, gifting, employee engagement initiatives and more. This gives clients better control, visibility and insights leading to cost reductions in the business.

The company has served hundreds clients like Grab, Ecoworld, Unilever, Feruni and hundreds more with more than 10,000 products and services for businesses to manage the office and its employees. Receiving multiple recognitions by winning second runner-up for the Alliance Bank SME Innovation Challenge 2015, Top 15 Finalist for Ambank Bizrace 2018 and identified as one of Malaysia’s upcoming startups that is poised for exponential growth in 2017.

"We have been consistently listening to feedback from our clients so we can innovate, deliver more value and set new standards in the SME & Enterprise industry. We believe this is an experience that businesses would require and a great opportunity for both suppliers and clients to adopt technology in their office together with Supplycart. It’s only the beginning for us to create a #workhappy culture company that is efficient and effective" said CEO Jonathan Oh

Supplycart is a proven service provider where we work with our clients to plan and create a great environment Their technology looks to provide solutions for sourcing, procurement and office management process and digitalizing the processes.

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ecInsider News: Malaysia's B2B startup Supplycart raises US$2M funding
Malaysia's B2B startup Supplycart raises US$2M funding
Supplycart has recently raised over USD 2 million in funding from FirstFloor Capital. The tech start-up aims to help Malaysian SMEs by enhancing company culture through a streamlined procurement platform.
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