Kaodim, a Kuala Lumpur, Malaysia-based services marketplace, raised US$4m in Series A financing.
The round was led by Venturra Capital with participation from Beenext, and existing investors 500 Startups and East Ventures.
The company, which had previously raised US$550k in seed funding, intends to use the funds to launch in other major cities in Southeast Asia and expand its product offering to include other services in the home, lifestyle, wellness, education and business categories, among others.
Founded in November 2014 and led by Jeffri Cheong, Managing Director and co-founder, Choong Fui Yu, Chief Executive Officer and Co-Founder, Kaodim operates a services marketplace offering users access to more than 85 services. Available via web-app and mobile app, the service matches users with verified service providers like plumbers, cleaners, electricians and photographers. Users can either compare prices or get premium service providers on demand.
Kaodim is currently active in five cities across Southeast Asia including Kuala Lumpur, Penang, Johor in Malaysia, Metro Manila in the Philippines and Singapore.
FinSMEs
18/11/2015