Besides Annus, HipVan’s investors include Singapore celebrity Jade Seah, tech entrepreneur Darius Cheung, and Singapore investment firm Silicon Straits.
“Toivo has a strong investment record in Singapore, and is committed to helping HipVan scale our business as we continue to grow. We are extremely excited to have him come on board the team!” said Danny, CEO and co-founder of HipVan.
HipVan first launched in Singapore on April 2013. It then expanded to Malaysia just about three month after its launch. HipVan says that monthly revenue is growing rapidly but declined to reveal exact figures.
(Editing by Terence Lee)