Cradle Fund invests in Malaysian international shipping startup Yellow Porter

October 7, 2018

Malaysia-based international shipping service startup Yellow Porter announced that it has secured a total of US$241,000 (RM1 million) investment from Cradle Fund Sdn Bhd. The investment is said to help the company with its expansion plan, improve the shipping experience, web, and mobile automation, as reported by Digital News Asia.

"We have seen an encouraging growth in Yellow Porter since the company first operated in January 2017. For 2018, we aim to achieve a 100% month-over-month growth in user acquisition and a 20% to 30% month-on-month growth in shipping orders," said co-founder and CEO Vimal Kumar.

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