Picture Credit: Nice Offers
Based in 2014, Great Deals is an e-commerce enabler that helps manufacturers like Abbot, L’Oréal and Unilever construct their on-line retail operations within the Philippines. The startup introduced immediately that it has raised $30 million in Sequence B funding led by Fast Group, one of many Philippines’ greatest logistics corporations, with help from CVC Capital Companions. Navegar, which led Great Deals’ Series A, additionally returned for this spherical.
The transaction was suggested by Rocket Equities. The funding by Quick Group, which has a fleet of greater than 2,500 automobiles and 90,000 shops in its distribution community, marks the start of a strategic partnership. Nice Offers will use a part of the brand new capital to construct an automatic achievement middle, and the deal will assist it enhance its penetration outdoors the Better Manila Space and provide extra On the spot Commerce, or deliveries beneath one hour.
Image Credits: Great Deals
Founded in 2014, Great Deals is an e-commerce enabler that helps brands like Abbot, L’Oréal and Unilever build their online retail operations in the Philippines. The startup announced today that it has raised $30 million in Series B funding led by Fast Group, one of the Philippines’ biggest logistics firms, with support from CVC Capital Partners. Navegar, which led Great Deals’ Series A, also returned for this round.
The transaction was advised by Rocket Equities. The investment by Fast Group, which has a fleet of more than 2,500 vehicles and 90,000 stores in its distribution network, marks the beginning of a strategic partnership. Great Deals will use part of the new capital to build an automated fulfillment center, and the deal will help it increase its penetration outside the Greater Manila Area and offer more Instant Commerce, or deliveries under one hour.
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