TresGo Sdn Bhd (TresGo), a Malaysian based e-fulfilment company that focuses in helping SMEs with their end-to end operations from the manufacturer to their customer. These services include storage, inventory management, packing orders from both online and retail (offline), and deliveries all enabled by TresGo’s copyrighted system, today announced that they have been invested by Cradle Fund Sdn Bhd (Cradle) together with Malaysia’s top freight forwarder.
Speaking of the investment in TresGo, Juliana Jan, Chief Investment Officer of Cradle commented that “we have long believed in the inevitable need for the traditional Warehouse Management System to be digitised for the optimisation of fulfilment solution. TresGo’s technology, which addressed this exact need, is exactly the reason why we decided to invest in them” she said.
Additionally, Juliana also expressed that beyond the technology, the experienced founders and management team was amongst the pull factors for Cradle’s investment in the start-up noting, “While TresGo has an attractive scalable business model with compelling market opportunity, the team’s expertise equipped with their strong execution capabilities is what enticed Cradle to invest in them.”
Further to this, Juliana hopes that the investment received by TresGo would be of use to grow its business in Malaysia, catering fulfilment solution providing to more and particularly bigger merchants at greater sales volume. This round’s co-investment together with a traditional shipping, logistics and warehouse player, would enable TresGo to completely digitise the nation’s Warehousing & Fulfilment industry.
“Both Cradle and the freight forwarder are established leaders and giants in their industries respectively! We were thrilled when the deal went through and it was perfect timing as we were ready to have an investor on board after one (1) year of inception and to also have them both at the same time. Although there were many other potential investors before, we knew that the synergies that they bring are invaluable. Cradle has its vast network of investors and entrepreneurs, and the freight forwarder with their ocean of knowledge and connection in logistics,” said Safiyya, co-founder of TresGo.
TresGo will use the proceeds for further development of their cloud based copyright system which enables all the operations to be viewed by their merchants in real time, expansion of the warehouse to cater to 12000+ orders a day and marketing.