Cradle Fund invests in TresGo
Summary
TresGo will use the proceeds to further develop their cloud based copyright system which enables all operations to be viewed by merchants in real time, expand their warehouse to cater to 12000+ orders a day and on marketing. The startup’s services include storage, inventory management, packing orders from both online and retail (offline), and deliveries. “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,” said Cradle chief investment officer Juliana Jan. “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.” “Both Cradle and the freight forwarder are established leaders and giants in their industries respectively. Cradle has its vast network of investors and entrepreneurs, and the freight forwarder with their ocean of knowledge and connection in logistics,” said TresGo co-founder Safiyya Azman.