18 Jul '13, 3am

Singapore online grocery service RedMart raises Series A from Garena

Singapore online grocery service RedMart raises Series A from Garena July 18, 2013 by Terence LEE RedMart , a Singapore-based online grocery service, has raised a Series A round from Garena , a large online gaming platform. This brings the total funding since inception to USD 4.6M. This immediately followed a third convertible round — raised at roughly the same valuation — from Steve Melhuish and Jani Rautiainen, co-founders of PropertyGuru , Cathy Yeap, former MD of Watsons Personal Care and owner of F&B chain Cedele, Orientation Capital, East Ventures , DSG Consumer Partners, DHG Communications Network, and angels investors John Kim, David Ritchie, John Tan, Talib Yousry, Dirk Wolter, and Ryan Quinn. Prior to March, the startup had raised about USD 1.29M from investors like Golden Gate Ventures and Skype co-founder Toivo Annus, which pegs the two most recent rounds at mo...

Full article: http://sgentrepreneurs.com/2013/07/18/singapore-online-gr...

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