ThursdayMay 20 2021
By Sainul Abudheen K
Philippine e-commerce enabler, Great Deals E-Commerce Corporation, has raised US$30 million in Series B funding round, led by local logistics major Fast Group.
The round was joined by private equity firm CVC Capital Partners, besides existing investor Navegar.
This round comes almost a year and half after Great Deals secured US$12 million Series A from Navegar in January 2020.
Great Deals will deploy the fresh capital in tech development and the construction of an automated “state-of-the-art fulfilment centre”.
Photo courtesy of Micheile Henderson.
Source: e27 (link opens in a new window)