#Asia Online florist BloomThis raises US$600K to expand into Singapore and Indonesia


Singapore-based VC REAPRA was the sole provider of this seed funding

Malaysian online flowery delivery service BloomThis has raised a seed round of US$600,000 from Singapore-based VC REAPRA.

It plans to use the newly-raised capital to expand into new regional markets, specifically Singapore and Indonesia.

BloomThis was launched in 2015 by husband-and-wife team, Giden Lim and Penny Choo. It offers same day on-demand flower deliveries and a subscription service that brings artisan flowers straight from the farm.

The company claims that its sales has grown by over 1,200 per cent since a year ago.

Its benefactor, REAPRA, was set up in 2014 by Japanese entrepreneur Shuhei Morofuji, is focussed on growing startups in Southeast Asia through 14 direct subsidiaries. Each subsidiary aims to run and develop individually with the goal of optimising its market valuation at US$2 billion within 10 years.

Also Read: A Better Florist, a better analyst: Meet Steve Feiner, former Google and florist extraordinaire

“REAPRA is pleased to make this investment in BloomThis as the company meets our growth strategy of investing in startups that have a good fit of a traditional business and technology to drive it forward,” said Vikram Bharati, Investments lead at REAPRA, in an official press statement.

Currently, BloomThis has partnered with several lifestyle brands including SK-II, Christian Dior, Benefit, The Body Shop, and other luxury consumer brands, to distribute its flowers.

Image Credit: BloomThis

The post Online florist BloomThis raises US$600K to expand into Singapore and Indonesia appeared first on e27.

from e27 http://ift.tt/2lTrbwi

Ce contenu a été publié dans #Asia par Startup365. Mettez-le en favori avec son permalien.

A propos Startup365

Chaque jour nous vous présenterons une nouvelle Startup française ! Notre pays regorge de talents et d'entrepreneurs brillants ! Alors partons à la découverte des meilleures startup françaises ! Certaines d'entre elles sont dans une étape essentielle dans la vie d'une startup : la recherche de financement, notamment par le financement participatif (ou crowdfunding en anglais). Alors participez à cette grande aventure en leur faisant une petite donation ! Les startups françaises ont besoin de vous !