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Singapore Based E-commerce Site ‘Ezbuy’ Raises $17.6 Mn

Singapore based e-commerce platform ‘Ezbuy’ that purchases, transacts, and delivers products on behalf of the buyers has raised $17.6 million in its Round C funding. Ezbuy has been a key online marketplace in Southeast Asian countries – Singapore, Malaysia, Thailand & Indonesia and is especially popular among the Chinese buyers.

In the latest round of funding Sky9, China Growth Capital, Ventech, IDG, and Vision Knight Capital took part. Previously Ezbuy used to be known as 65daigou, where ‘Daigou’ in Chinese means ‘buying on behalf’. The e-commerce site sources products primarily from China, USA, Taiwan, Korea and Locally handling end-to-end purchase and delivery process for customers.

The company claims to have more than 3 million active users online and aims to further expand its reach. The company has raised $20 million in the last week of March 2016, as a part of its Round B funding. In a statement, the company’s representative said that it will use the latest funding to improve the delivery experience, by both cutting short the time, and working on other reliable modes to serve the customers better.

With the latest round of funding, the company also aims to reach out to other countries in Southeast Asia, and beyond. Ezbuy which temporarily stopped offering Taobao service on its platform has resumed it once again.

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