Latest Shopper360 News
May 7, 2021
by DealStreetAsia source: Official Website Lapasar, a B2B marketplace based in Kuala Lumpur, announced raising 7.5 million ringgit ($1.8 million) in its latestfunding round led by shopper360 Limited, which is part of startup accelerator and investor NEXEA. The startup, led by Thinesh Kumar, Lakshmandas, Dennis Raj, and Noomi Fessler, said it will use the fresh capital toaccelerate the growth of its wholesale business. Lapasar targets serving 10,000 grocery stores, restaurants, and hawkerstalls over the next 24 months. Lapasar started entering the FMCG wholesale market only in June 2020, helping the company grow 172% year-on-year since its $500,000 seed funding in 2019. The startup launched as a B2B marketplace that connects corporates to suppliers of products and services acrossMalaysia. It claims to have a database of over 10,000 suppliers of products and services from all over Malaysia.