kindrik partners advises storehub on US$8.9 million investment
StoreHub is a cloud-based retail platform that enables restaurants and retailers to automate the growth of their customer base and revenue, as well as their entire operations. With this latest financing, the Malaysian tech startup has raised over US$14 million to date.
The Storehub platform is now being used in 13,000 stores across Southeast Asia, with transactional growth up to US$1.2 billion. The proceeds of this latest funding will be used to accelerate expansion within the region’s e-commerce sector.
Our head of Southeast Asia practice, Lee Bagshaw, says “Storehub is a developing into one of the stars of the Southeast Asian startup ecosystem with strong recurring revenues and a leading position in its space. Having worked with founder Wai Hong from the outset, when Storehub was a POS provider, we’re pleased to have been able to help them on another notable deal.
Wai Hong says “Kindrik Partners were, as ever, efficient and easy to work with on the deal, bringing up to date knowledge of VC terms in the region.”