Markato ·28 August 2023·1 outlet
Lightspeed led a $5 million seed in Markato, its first investment in Hong Kong
Lightspeed led Markato's $5 million seed round, the firm's first investment in Hong Kong. Brian Lo and Martin Li scaled Deliveroo and Uber across Asia before founding the wholesale marketplace in 2023.
We backed Markato because independent retail buying in Asia still runs largely through trade shows and personal relationships, which leaves both brands and stores underserved by a digital channel. The founders came out of Deliveroo and Uber Eats in the region and know how to build the payments and logistics rails that cross-border wholesale depends on.
- Company
- Markato, www.markato.com
- First reported
- 28 August 2023
- Outlets
- TechCrunch
Who covered it
- Lightspeed backs Markato, a marketplace that helps independent brands break into AsiaTechCrunch, 28 August 2023
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