WYZauto, Thailand's mobility marketplace, Raises US$2.25 Million in Funding with Vynn Capital as Lead Investor

Quick Summary:

Marks first investment from Vynn Capital's new Mobility & Supply Chain fund

Vehicle maintenance sector in Southeast Asia has room for significant growth WYZauto, Thailand's leading online tyre marketplace for vehicle maintenance businesses, has secured US$2.25 million (RM10.7 million) funding and a partnership with Vynn Capital, a Kuala Lumpur-based Southeast Asian venture capital firm specialising in mobility and supply chain sectors.

This marks the first investment from Vynn Capital's new Mobility and Supply Chain fund, backed by Malaysian pension fund KWAP, Sime Darby Bhd, Malaysia Venture Capital Management Bhd (Mavcap), AEI Capital, and other regional limited partners.

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Article Details

Author / Journalist: karamjit

Category: EconomyStartupsBusiness

Markets: MalaysiaIndonesiaPhilippinesSingaporeThailand

Topics: Market Vehicle Mobility Capital Marketplace Vynn Tyre Wyzauto Maintenance Supply Chain

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-04-06 @ 06:51:39 (3 weeks ago)

News Timezone: GMT +8:00

News Source URL: digitalnewsasia.com

Language: English

Article Length: 587 words

Reading Time: 4 minutes read

Sentences: 23 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Digital News Asia

News ID: 20618977

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