Tuesday, 09 October 2018 10:36

Singapore online print start-up raises US$7.7m for expansion

By
Singapore online print start-up raises US$7.7m for expansion Courtesy: Gogoprint

The largest online printing start-up in southeast Asia, Singapore-based Gogoprint, has raised US$7.7 million (A$10.88 million) from institutional and private investors in Series A funding to finance product development and expansion into Asian markets.

The company, which was started in Singapore in November 2015, already has operations in Thailand, Malaysia, Singapore and Indonesia, and plans to expand into Australia in the second half of 2018, followed by New Zealand and South Korea next year.

Gogoprint has its own proprietary algorithms that manage and pool together client orders, distributing the cost of printing through the 45,000 small- and medium-sized businesses which are its partners.

“Gogoprint is seeing tremendous demand for our services from small and medium businesses across Asia-Pacific,” Gogoprint co-founder and managing director David Berghaeuser said.

“We are delighted to have the continued support from all existing investors who share our vision, to build the leading online printing business in Asia-Pacific. Moreover, their support allows us to accelerate our global expansion and product development, amid what’s been an incredible period of growth for our business.”

Kai Hagenbuch, director at Open Printing Group, which led the funding round, echoed Berghaeuser's sentiments.

“There are a handful of big-name online printers operating in the region," Hagenbuch said. "However, each of them has localised operations as they have been unable to truly expand regionally into Southeast Asia due to operational and market form factors.

"Gogoprint has found the right formula to win more and more customers by creating true value: providing something that’s better at a cheaper price point, and with enhanced speed to market.”

Gogoprint claims to have achieved 200% year-on-year growth in customer acquisition, attracting over 45,000 customers with more than 250 million products printed.

Its clients include Honda, Lazada, Lion Air, Yamaha, Nanyang Technological University Singapore and Booking.com.

Read 1810 times

Please join our community here and become a VIP.

Subscribe to ITWIRE UPDATE Newsletter here
JOIN our iTWireTV our YouTube Community here
BACK TO LATEST NEWS here

SONICWALL 2022 CYBER THREAT REPORT

The past year has seen a meteoric rise in ransomware incidents worldwide.

Over the past 12 months, SonicWall Capture Labs threat researchers have diligently tracked the meteoric rise in cyberattacks, as well as trends and activity across all threat vectors, including:

Ransomware
Cryptojacking
Encrypted threats
IoT malware
Zero-day attacks and more

These exclusive findings are now available via the 2022 SonicWall Cyber Threat Report, which ensures SMBs, government agencies, enterprises and other organizations have the actionable threat intelligence needed to combat the rising tide of cybercrime.

Click the button below to get the report.

GET REPORT!

PROMOTE YOUR WEBINAR ON ITWIRE

It's all about Webinars.

Marketing budgets are now focused on Webinars combined with Lead Generation.

If you wish to promote a Webinar we recommend at least a 3 to 4 week campaign prior to your event.

The iTWire campaign will include extensive adverts on our News Site itwire.com and prominent Newsletter promotion https://itwire.com/itwire-update.html and Promotional News & Editorial. Plus a video interview of the key speaker on iTWire TV https://www.youtube.com/c/iTWireTV/videos which will be used in Promotional Posts on the iTWire Home Page.

Now we are coming out of Lockdown iTWire will be focussed to assisting with your webinars and campaigns and assistance via part payments and extended terms, a Webinar Business Booster Pack and other supportive programs. We can also create your adverts and written content plus coordinate your video interview.

We look forward to discussing your campaign goals with you. Please click the button below.

MORE INFO HERE!

BACK TO HOME PAGE
Sam Varghese

Sam Varghese has been writing for iTWire since 2006, a year after the site came into existence. For nearly a decade thereafter, he wrote mostly about free and open source software, based on his own use of this genre of software. Since May 2016, he has been writing across many areas of technology. He has been a journalist for nearly 40 years in India (Indian Express and Deccan Herald), the UAE (Khaleej Times) and Australia (Daily Commercial News (now defunct) and The Age). His personal blog is titled Irregular Expression.

Share News tips for the iTWire Journalists? Your tip will be anonymous

WEBINARS ONLINE & ON-DEMAND

GUEST ARTICLES

VENDOR NEWS

Guest Opinion

Guest Interviews

Guest Reviews

Guest Research

Guest Research & Case Studies

Channel News

Comments