Janio, an e-commerce logistics company in Southeast Asia, secured an US$8 million investment from Choco Up.
Janio is an integrated e-commerce logistics platform provider company in 12 Asian countries, including Indonesia, Malaysia, Taiwan, China, and Thailand, headquartered in Singapore.
Choco Up’s investment in Janio forms part of broader closed funding round, which also includes funding from Singapore-based Innoven Capital and Janio’s existing shareholders.
Choco Up’s investment allows Janio to meet growing industry demand, strengthen working capital, provide freedom of expansion and acquire new clients without worrying about cash flow.
Choco Up’s non-dilutive fast capital, backed by strong investors such as Sequoia Capital, Vertex Ventures, and Insignia Venture Partners, will further strengthen Janio’s liquidity going forward.
“E-commerce is at an all-time high and this is a great time for Janio to carry out its expansion plans in the region,” said Choco Up co-founder and CEO Percy Hung.
Janio CEO and co-founder Junkai Ng said Choco Up’s investment in Janio provided the quick capital needed to carry out the company’s expansion plans.•
—Michael T. Kheilton, TechnoBusiness SG • Photo: Janio