UVM 2 Venture Investments and Oak Investment Partners Participate in Round for Giosis (Asia)

Source: Giosis

Singapore-based Giosis, the parent company of e-commerce company Qoo10, has raised US$82.1 million in a Series A round led by media-focused holding company Singapore Press Holdings. Other participants in the round included venture capital firms UVM 2 Venture Investments and Oak Investment Partners, e-commerce company eBay, media-focused investment company Saban Capital Group and hedge fund manager Brookside Capital. Giosis will use the new capital to accelerate Qoo10’s technology growth and service development, invest in additional infrastructure and talent acquisition, and aid the company’s expansion in Malaysia, Hong Kong and China.