Fruiti King successfully raises RM 5 million
Fruiti King, a tropical fruit ice cream startup has just announced that it successfully raised RM 5 million in CrowdPlus.asia, an equity crowdfunding platform.
This is actually the second round of funding for the local company after it raised RM1.5 million earlier this year from Netrove Ventures Group, a regional venture capital firm.
This RM5 million funding that Fruiti King has just received will help its overseas expansion in markets that have shown an interest in importing and distributing its products, including China, Hong Kong, Singapore and Korea.
Commenting on the funding, Max Teh, the Chairman of Netrove Ventures Group said, “We believe that a great product like Fruiti King deserves to be shared with people all around the world so that all will come to know the goodness and awesomeness of our Malaysian icy treats in years to come. All efforts will be put into ensuring the best quality products are made and enjoyed by our customers. We simply want people to like it!”