04 Feb '13, 3pm

Online grocer RedMart hits S$3M in annual revenue, bigger plans soon

Online grocer RedMart hits S$3M in annual revenue, bigger plans soon

Echelon 2012 alumnus RedMart.com, has just announced their new shift into a 12,000 sq ft, state-of-the-art fulfillment centre near Jurong Port Road. The company also shared with us their annual revenue. Launched back in October 2011, RedMart is a Singapore based online grocer that delivers everyday essentials , such as diapers, rice, soda, and bottled water to busy consumers. The company is backed by Singapore based Golden Gate Ventures, Toivo Annus (Skype Co-founder), Jason Ackerman (Co-founder and CEO of online grocer FreshDirect.com in US), Boon Ling Yee (Singaporean, former Commercial Director of Tesco China), as well as and Anne-Ev Juette-Enzmann (former Marketing Strategy Director at Tesco Thailand). Read also: Golden Gate Ventures makes first three investments into Southeast Asian startups RedMart grows from S$15,000 to S$250,000 in monthly revenue, expand its selec...

Full article: http://e27.sg/blog/2013/02/04/online-grocer-redmart-hits-...

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