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StoreHub Raises US$13.5mil pre-Series B funding to drive further F&B, retail automation in SEA

Digital News Asia LogoDigital News Asia2w ago

StoreHub Raises US$13.5mil pre-Series B funding to drive further F&B, retail automation in SEA - Digital News Asia

Quick Summary:

Estimated 2mil businesses in Thailand, M’sia, Philippines to onboard still

Platform akin to having 10 extra staff that work 24/7 with zero errors Southeast Asian startup StoreHub, a nine year-old platform that enables restaurants and retailers to automate and grow their business, has raised US$13.5 million (RM60.7 million) in a pre-Series B fundraising round led by 500 Global with participation from existing investors Vertex Ventures Southeast Asia & India, OSK and others.

"Considering similar companies like Toast (NYSE:TOST) are valued at US$10.13 billion (as at 20 Sept), StoreHub already has approximately a quarter of Toast’s customer size with another estimated 2 million more potential businesses in Thailand, Malaysia, and Philippines to onboard.


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Article Details

Author / Journalist: karamjit

Category: EconomyStartups

Topics: Restaurants Customer Business Global Malaysia Fong Southeast Storehub Platform Million

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-09-21, 03:47:53

News Timezone: GMT +8:00

News Source URL: digitalnewsasia.com

Language: English

Reading Time: 4 minutes read

Article Length: 580 words

Coverage Area: Malaysia

Availability: Desktop Web, Mobile Web

News ID: 436159

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About Digital News Asia

Digital News Asia Logo

Main Topics: EconomyStartups

Official Website: digitalnewsasia.com

Update Frequency: 2 posts per day

Year Established: 2012

Headquarters: Malaysia

News Last Updated: 9h ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #18

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