Kaodim raises $7M for the home services height in Southeast Asia

There’s some-more appropriation for Southeast Asia’s flourishing internal services space after Kaodim, a Malaysia-based startup that operates in 4 countries in a region, lifted $7 million.

Founded 3 years ago, Kaodim is a use for engagement for employing a operation of services that embody cleaning, moving, gas delivery, apparatus care, and even photography.

The turn was led by Square Peg Capital, a tellurian account headquartered in Australia, and an affiliate of PE account SIG Asia Investment. This new collateral takes Kaodim to $11.5 million lifted from investors to date. Other backers of a startup embody informed VC names like 500 Startups, Venturra Capital, East Ventures and KK Fund.

It’s a swarming margin with rivals like RecomN, Helpster, ServisHero while others outward of a segment — including Helpling, that has lifted from Asian investors — gripping an eye on Southeast Asia, a segment of over 600 million people and rising consumer spending.

Kaodim pronounced it skeleton to deposit a collateral on marketing, building a product — it added a reward use final year — and expanding into “under-served markets.” Right now, it is benefaction in Malaysia (Kuala Lumpur, Penang and Johor Bahru) a Philippines (Manila), Singapore and Indonesia (Jakarta).

“Our vision is to yield a faster, some-more constant approach of employing a extended operation of services; from cleaners to personal trainers. Square Peg Capital and SIG’s experience and imagination in investing in marketplaces around a universe will help a Kaodim Group grasp this,” Kaodim organisation handling director Jeffri Cheong pronounced in a statement.

“[The group have] executed brilliantly to build Kaodim into a informal personality in a category. The business is scaling good opposite a segment and is display clever marketplace fundamentals,” combined Tushar Roy of Square Peg Capital.

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Posted by on Nov 6 2017. Filed under NEWS. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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