Both of the online grocer's existing corporate backers, Garena and Softbank, returned for its latest round and were joined by Far East Organisation.
Singapore-based online grocer RedMart has received $26.7m in bridge funding from internet platform Garena and Softbank Ventures Korea, a corporate venturing unit of telecommunications company Softbank, Tech in Asia reported yesterday.
Far East Ventures, the venture capital arm of property developer Far East Organisation, investment firm Visionnaire Ventures and Eduardo Saverin, a co-founder of social network Facebook, also took part.
Founded in 2011, RedMart operates an online shopping platform for groceries and household items. The company, which already delivers seven…
