Kindrik Partners advises Appboxo on series A financing
We’re delighted to have advised Singapore-based Appboxo on its US$7 million series A funding round led by RTP Global. Existing investors, Antler and 500 Global, together with new investors SciFi VC, Gradient Ventures also participated.
Appboxo’s platform lets developers convert their apps into super apps, either by building their own micro-apps or accessing them through their “showroom” marketplace for developers. The company is already used by 10 super apps across Southeast Asia, India and South Africa
The fundraising is intended to grow the business’s two products – Miniapp, a SaaS platform with SDKs and APIs for building and launching mini-apps and Shopboxo https://www.shopboxo.io/ which lets businesses set up and customise online stores via mobile.
Whilst Appboxo is currently focussing on Asia-Pacific, the intention is to enter new markets including Europe and the US. The company has scaled extremely fast in the last two years establishing new partnerships on the back of the significant growth in ecommerce and emergence of super apps in Southeast Asia.