The online grocery seller has raised $54m from backers including SoftBank and Garena, and is targeting another $100m to expand out of Singapore.
RedMart, the Singapore-based e-grocer that counts internet company Garena and telecommunications group SoftBank as investors, is raising $100m in new funding, TechCrunch reported today.
Founded in 2011, RedMart runs an e-commerce platform that sells groceries to a Singaporean customer base, though this will likely be expanded post-funding, with Hong Kong and Indonesia set to be the company’s next two ports of call.
The investment would follow the $54m already raised by RedMart, which secured $26.7m in an August 2015…
