The Malaysian wedding and baby e-commerce platform, Nuren Group, today announced the public launch of its Crowdo Equity Crowdfunding (ECF) offer with a target amount of MYR200,000. Nuren notes that it is the first Venture Capital Quality ECF Offer in South East Asia. Nuren also recently announced the completion of a US$2 million Series A round of financing led by Gobi Partners. The offer has been in pre-marketing mode since earlier this year; members of the public will be able to make investments starting today.
“2016 has proven to be an exciting year with the launching of our first flagship Online to Offline Wedding Showroom in Jaya One to strengthen our ties and relationships with vendors and customers,” observed Nuren Co-Founder and CEO Petrina Goh. “We have also successfully embarked into the next users’ life stage – motherhood, with the introduction of our marketplace – Motherhood.com.my.”
The operator of Wedding.com.my and Motherhood.com.my, Nuren Group’s current ECF offer aims to bring on board retail investors. According to the release, the company plans to funding to enhance product and service offerings, build its team and improve e-commerce capabilities. The ECF will also allow Nuren to reach out to a broader community of potential investors while creating a more transparent and efficient investment process.
Co-founded by cofounded by core team members CEO Petrina Goh, CTO Kelvin Leow, COO Stacey Lee and CSO Alice Ong in September 2013, Nuren sees itself as Malaysia’s leading female-dedicated content, community and e-commerce platform. Focusing on the most important life stages for women, Nuren also operates a Singapore e-commerce site for weddings.
For more detailed campaign information, registered investors may click here. Established in 2012, Crowdo has a strong regional presence in Singapore, Malaysia and Indonesia and is registered with the Securities Commission of Malaysia to offer Equity Crowdfunding. The platform recently received its provisional Capital Market Services (“CMS”) License from the Monetary Authority of Singapore (“MAS”).
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