TresGo helps SMEs in Malaysia with inventory and deliveries, so businesses can actually focus on product development, marketing and sales

TresGo, a provider of e-fulfilment solutions for online sellers in Malaysia, has received an undisclosed sum in investment from state-owned VC fund Cradle. An unnamed traditional shipping, logistics and warehouse company also co-invested in the round.

The startup will use the money for further development of its cloud-based copyright system, which enables all the operations to be viewed by their merchants in real time, as well as for expansion of the warehouse.

Speaking of the investment, Juliana Jan, Chief Investment Officer of Cradle, said: “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.”

Also Read: Cradle’s startups attract US$10M commercialisation funding under CIP Catalyst programme

“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,” she added.

Founded in 2017 by Nadhra Fauzi and Safiyya Azman, TresGo offers three core services — storage, packing and delivery. In other words, it helps smaller-scale sellers with inventory and deliveries, so businesses can actually focus on the important bits like product development, marketing and sales.

TresGo was part of the second cohort of MaGIC’s global accelerator programme in 2018.

Cradle Fund Sdn Bhd (Cradle) is Malaysia’s early stage startup influencer, incorporated under the Ministry of Finance Malaysia (MOF) in 2003 with a mandate to fund potential and high-calibre tech startups through its Cradle Investment Programme (CIP).

 

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