Malaysia's Fave raises over $20 million in Series B funding round

09/07/2018 6:45:00 AM (GMT)

Malaysia-based online to offline platform Fave has raised over $20 million in its Series B funding round from strategic and existing investors.

Fave will use net proceeds from the funding round to accelerate its goal to serve 100,000 offline businesses by 2019.

The funding round was participated by investors including private equity firms Sequoia India, SIG Asia Investment and peer Venturra Capital.

Fave said that its mobile loyalty and rewards platform will drive over $100 million in revenue to offline businesses in 2018.

Fave

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