Tresgo makes ‘Storing, Packing and Delivering’ simple and easy for SMEs to grow their business

KUALA LUMPUR, Feb 22 (Bernama) -- TresGo Sdn Bhd (TresGo), a Malaysian based efulfilment company that focuses in helping SMEs with their end-to-end operations from the manufacturer to their customer. These services include storage, inventory management, packing orders from both online and retail (offline), and deliveries all enabled by TresGo’s copyrighted system, today announced that they have been invested by Cradle Fund Sdn Bhd (Cradle) together with Malaysia’s top freight forwarder.

Speaking of the investment in TresGo, Juliana Jan, Chief Investment Officer of Cradle commented that “we have long believed in the inevitable need for the traditional Warehouse Management System to be digitised for the optimisation of fulfilment solution. TresGo’s technology, which addressed this exact need, is exactly the reason why we decided to invest in them” she said.

Additionally, Juliana also expressed that beyond the technology, the experienced founders and management team was amongst the pull factors for Cradle’s investment in the start-up noting, “While TresGo has an attractive scalable business model with compelling market opportunity, the team’s expertise equipped with their strong execution capabilities is what enticed Cradle to invest in them.”

Further to this, Juliana hopes that the investment received by TresGo would be of use to grow its business in Malaysia, catering fulfilment solution providing to more and particularly bigger merchants at greater sales volume. This round’s co-investment together with a traditional shipping, logistics and warehouse player, would enable TresGo to completely digitise the nation’s Warehousing & Fulfilment industry.

“Both Cradle and the freight forwarder are established leaders and giants in their industries respectively!We were thrilled when the deal went through and it was perfect timing as we were ready to have an investor on board after one (1) year of inception and to also have them both at the same time. Although there were many other potential investors before, we knew that the synergies that they bring are invaluable. Cradle has its vast network of investors and entrepreneurs, and the freight forwarder with their ocean of knowledge and connection in logistics,” said Safiyya, co-founder of TresGo.

TresGo will use the proceeds for further development of their cloud based copyright system which enables all the operations to be viewed by their merchants in real time, expansion of the warehouse to cater to 12000+ orders a day and marketing.

About TresGo

TresGo, true to its name, has 3 (tres) core services – storage, packing and delivery (fulfilment company as we fulfil orders). Located in USJ, it is the prime location and destination for all your warehousing, packing and delivery needs.

TresGo was founded in 2017 by Nadhra Fauzi and Safiyya Azman who found the need of a fulfilment company when they identified a problem with the boom that Malaysia experienced with selling online. The core business of a seller is production, sales and marketing however too much of their time and resources are taken by fulfilling orders. These sellers STILL need to do inventory and order management, customer service and going to the post office to drop
off the orders.

There has to be a better way. Although outsourcing seems like the pricer solution, it actually cuts their operation costs by 40%. TresGo is able to make operations cheaper to the seller by aggregating volume and economies of scale.

By charging the customer RM10 for shipping, this takes care of the sellers’ cost to TresGo. Let your stress go with TresGo!

Website: https://tresgo.my/

About Cradle Fund Sdn Bhd (Cradle)

Cradle Fund Sdn Bhd (Cradle) is Malaysia's early stage start-up influencer, incorporated under the Ministry of Finance Malaysia (MOF) in 2003 with a mandate to fund potential and high-calibre tech start-ups through its Cradle Investment Programme (CIP).

Throughout its 15-years history, Cradle has helped fund over 900 Malaysian tech start-ups and holds the highest commercialisation rate amongst government grants in the country. Having more than a decade of experience in the nation's grant funding scene, Cradle further expanded its role from grant provider to investor through the establishment of its venture arm, Cradle Seed Ventures in 2015 and following its portfolio expansion to equity investment in early 2017, Cradle now offers both funding and investment assistance through its Cradle Investment Programme 300 (CIP300) and Direct Equity 800 (DEQ800).

Cradle also runs a market-driven programme to train entrepreneurs and administers the Angel Tax Incentive (ATIO), designed for angel investors to be accorded a tax deduction of up to RM500, 000 to stimulate and encourage angel investments from private sector into technology based start-up companies in Malaysia.

Cradle's product offerings are not only restricted to monetary aid, but also include commercialisation support, coaching and various other value-added services to cater today's entrepreneurs' diversified needs.

For more information on Cradle, please visit www.cradle.com.my

SOURCE: Cradle Fund Sdn Bhd 

FOR MORE INFORMATION, PLEASE CONTACT: 
Name : Nadhra Fauzi
Tel : +6013 588 1061
Email : nadhra@tresgo.my