In brief: Cradle Fund leads investment in Malaysian e-fulfillment startup

Government-backed agency Cradle Fund and a “top Malaysian freight forwarder” announced its co-investment in TresGo, a Malaysia-based e-fulfillment startup. The investment amount wasn’t disclosed.

Source: Press release

TresGo will use the proceeds to develop its cloud-based platform and expand its warehouse capacity to fulfill more than 12,000 orders daily.

Using its proprietary system, the company helps small and medium-sized enterprises with their end-to-end ecommerce operations. TresGo’s platform provides customers with services like storage and inventory management as well as packing and delivering orders from both online and offline retail.