1030AM.com, a Singaporean online daily flash sales site, raised SGD3.15M in Pre Series A funding.
The backers remained undisclosed.
The company will use the funds to continue to grow operations.
Founded in April 2015, 1030AM imports their products directly from the origin countries, holds ready stocks in their warehouse and puts products up for flash deals at low price everyday at 10:30AM for shoppers.
1030AM sells a wide variety of products including fashion, lifestyle, home and living, electronics and cosmetics, and branded products such as bags and cosmetics from MK, Coach and Kate Spade, Innisfree Singapore and many more local and international brands.
Six months after launch, 1030AM has collaborated with MayBank Singapore and is used by thousands of customers and registered users. It is also preparing for a mobile app launch.