Intrepid Group, a Singapore-headquartered omni-channel e-commerce options firm, has secured US$11 million in an oversubscribed Collection B funding, led by Mirabaud Asset Administration by its Mirabaud Life-style Influence & Innovation fund.
Native VC agency Vulpes Funding Administration, a bunch of worldwide personal buyers, in addition to current buyers together with SGX-listed Thakral Company, additionally joined the spherical.
Additionally Learn: Intrepid Group secures pre-Collection B to assist SMEs speed up their progress on Lazada, Shopee
The cash will go into enhancing its know-how suite and take “our capabilities to the following stage so as to proceed to speed up the expansion of our model shoppers’ enterprise throughout the area.”
Based by co-founders of Lazada, Intrepid Group provides each enterprise-grade SaaS and end-to-end e-commerce administration to manufacturers and SMEs to speed up their progress on platforms equivalent to Lazada and Shopee.
The B2B firm has workplaces in six markets: Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam.
With its asset-light mannequin, the corporate claims to have already reached profitability in two of its markets, and is on observe for regional profitability.
“In lower than two years, Intrepid has turn into the accomplice of selection for over 60 worldwide manufacturers to develop their omni-channel e-commerce in Southeast Asia,” claimed Jasper Knoben, CEO of Intrepid.
In August 2020, Intrepid raised an undisclosed sum in pre-Collection B financing, co-led by Thakral Solar SEA Capital (a VC agency backed by Sunway Group). Ten months earlier, it had obtained Collection A funding led by Kairous Capital.
Renaud Dutreil and David Wertheimer of Mirabaud stated: “As shopper buy patterns see an accelerated shift to on-line, globally main manufacturers should adapt. Intrepid has been capable of construct an industry-leading crew throughout whole Southeast Asia, and thereby quickly gained the belief of a variety of world-leading manufacturers throughout a number of classes. The corporate has established itself as a most well-liked accomplice for main international manufacturers to successfully attain the ca. 700 million shoppers of Southeast Asia.”
Additionally Learn: Lazada’s ex-CMO’s startup raises Collection A spherical, goals to assist manufacturers’ maximise e-commerce presence
“As ecommerce is rising a lot sooner than offline and shortly for a lot of manufacturers will turn into bigger than offline, we see a mindset shift occurring, the place manufacturers begin to assume e-commerce first. Concurrently, e-commerce is complexifying quick in Southeast Asia, with many shopper contact factors to handle and optimise. We need to be the popular go-to accomplice for manufacturers to take advantage of this superb alternative forward,” stated Charles Debonneuil, President of Intrepid and former CMO and co-founder of Lazada Group.
Picture Credit score: Intrepid Group
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