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Malaysia’s logistics startup RunningMan raises $43K on pitchIN Equity’s crowdfunding platform

Malaysia’s logistics startup RunningMan raises $43K on pitchIN Equity’s crowdfunding platform

RunningMan is an instant delivery online marketplace that users can use to reach out to nearby shops and restaurants. Users pick the product they want and runners deliver them, typically within an hour.

Kuala Lumpur, Malaysia – August 27, 2016. RedNewswire/-

Malaysia-based logistics delivery startup RunningMan has recently become the second company to be fully funded on pitchIN Equity’s crowdfunding platform. Funding deal was led by Nexea Angels, BizANgel Network and WTF Accelerator.

The startup was founded just two years ago by entrepreneurs Andrew Chee and Tan Wei Yong while they were still in university.

RunningMan was picked best startup at the ASEAN Startup Campus Accelerator bootcamp held in conjunction with the 1AES summit last November.

“We are very happy to see that investors believe in us. I want to record our appreciation to our lead investors, Nexea Angels, BizAngel Networks and WTF Accelerator for taking the lead in making this happen. We are a young team but we have proven with our results that we have the potential to become a leading player in the on-demand economy,” said Andrew Chee, CEO at RunningMan.

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“With these funds, we will build better mobile and IT solutions and also expand to cover the full KLang Valley. RunningMan riders are ready to assist consumers and businesses with their delivery and purchasing needs,” he added.

“RunningMan is exactly the kind of company that equity crowdfunding was introduced into Malaysia for,” said pitchIN Equity CEO Sam Shafie.

“The founders are bright young kids who are brave and very entrepreneurial. We believe they will go far and wish them all the best,” he added.