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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. ....

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