Singapore online grocer RedMart raises $5.4m funding round
RedMart, an online grocery service based in Singapore, has raised a $5.4 million round of funding led by Facebook co-founder Eduardo Saverin. Other investors in the bridge round included JFDI.Asia co-founder Meng Weng Wong, The Lo & Behold Group founder Wee Teng Wen, Lion Rock Capital and existing investors Steve Melhuish and Jani Rautiainen, founders of Property Guru.
The start-up has so far raised $10m since it was set up in 2011. Early stage investors included Golden Gate Ventures, which originally led a $1.29 million round with a consortium of angel investors in...
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