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Samreen Ahmad · · 1 min readThai ecommerce firm nets $7.4m from Siam Commercial’s VC arm, others
“Thai ecommerce fulfilment company MyCloudFulfillment has completed its US$7.4 million series B round of financing from JWD Group and SCB 10X,” according to an e27 report.
Details:
- MyCloudFulfillment will use the new funds to expand its team, scale up its geographical footprint, and improve its warehousing and service capabilities.
- The Gobi Partners-backed startup offers inventory storage, order packaging, and last-mile delivery to ecommerce, social commerce, and omnichannel businesses.
Dive deeper:
- SCB 10X is the venture arm of Thailand’s Siam Commercial Bank. Earlier this year, it set up a US$50 million fund to invest in blockchain, decentralized finance, and digital assets.
- JWD Group is a Southeast Asia-based logistics and supply chain firm, which in May invested in Thailand-headquartered restaurant management startup FoodStory.
Editing by Collin Furtado and Arpit Nayak
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