Online Diamond and Jewellery Company - ZCOVA, Raises RM1 Million in Seed Funding Led by NEXEA



Kuala Lumpur, Sep 29, 2020 (Issuewire.com) - NEXEA Angels Sdn Bhd (NEXEA), a Malaysian Venture Capital firm, has just closed a funding round of RM 1Million for ZCOVA, a fast-growing jewellery and diamond company. The financing will be used to fund the expansion of the business as well as on all efforts to modernise the way diamonds and gemstones are purchased via online-retail.

Founded in 2015, ZCOVA is reshaping the jewellery shopping experience as the only company in Malaysia and Singapore that offers dual-certified (GIA & GemEx) diamonds at a near-wholesale price to the burgeoning gem-market through its online store. ZCOVA aims to provide a transparent transaction chain through the removal of middlemen in the diamond industry supply chain. The firm's in-house jewellery consultants work on a zero-commission policy, which enables them to focus directly on customer needs and interests - placing the customer above all else in their quest to find unique gems that suit their patrons best.

"We see a very strong team within ZCOVA and that gives us a lot of confidence in the company's growth ahead. On top of that, we also see an excellent exit opportunity for both us and ZCOVA. NEXEA believes that ZCOVA is on the right path to disrupt the traditional diamond market. When customers no longer see the reason to pay a premium for the same diamond they can get on ZCOVA's platform - brick and mortar stores will soon meet their obsolescence." - Ben Lim, Managing Partner, Nexea Angels.

ZCOVA's revenues saw an increase of 30% in the month of June coming out strong on the tail-end of the MCO as compared to pre-MCO. Moreover, the firm is looking at strong Y-O-Y growth for FY21&22 as they expand their operations to Singapore, vying for a top spot at the growing south-east Asian financial hub.

"As we are approaching a new era of technological convenience, shoppers are making more convenient purchases online. We've seen very positive outcomes not only from Malaysians, but also from the neighbouring countries such as Singapore, Brunei, and other countries across Southeast Asia. Being the only company that certifies diamonds under GemEx Certificate in Singapore and Malaysia, ZCOVA can assure in bringing straight forward information and quality assurance to SEA shoppers. With our experience and competitive advantage, we believe shoppers will be more inclined to seek our exceptional services." - Ziwei, Co-Founder, ZCOVA.

About NEXEA:

NEXEA is a Malaysian Venture Capital and Startup Accelerator firm that specializes in supporting and funding technology companies that have the potential to be the next technology giants. NEXEA also has services for investors and corporations that want to invest or work with future technology giants.

NEXEA is known for its mentors who are successful ex-entrepreneurs, or C-levels who own or have sold (IPO, M&A) their businesses. The combination of experienced mentors, experts, and partners prove potent as the top companies out of 35+ startups invested by NEXEA have grown 3 to 16 times per year. NEXEA is based in Bandar Sunway, Selangor. 

Media Contact

NEXEA


*****@web.form

https://www.nexea.co/venture-capital/

B-06-02 Sunway Geo AvenueJalan Lagoon Selatan

https://www.nexea.co

Source :Top PR

This article was originally published by IssueWire. Read the original article here.

More News

Globes carpet kicks off with big sleeves and shades of pink

Oct 30, 2020

NEW YORK — Cynthia Erivo and Greta Gerwig rocked sparkling chokers as the Golden Globes red carpet kicked off Sunday, with Erivo in a hand-beaded custom Thom Browne gown and Gerwig in black and cream. Both went off-shoulder for the big night in Beverly Hills, California. Erivo, the “Harriet” star and fashion standout, said her dress includes designs of her favorite flower, the peony, at the hem and in her lining. The short-sleeve gown, Erivo told E!, took 800 hours. A huge blue stone dropped from her short necklace. Shades of pink had an early trend moment on Kirsten Dunst...

Judge: No slander in Alec Baldwin's comments on parking spat

Oct 30, 2020

NEW YORK — Alec Baldwin didn't slander a man in interviews about a parking dispute that turned physical, a judge has ruled as dueling lawsuits between the actor and the other driver continue. Baldwin's remarks — including claims that Wojciech Cieszkowski's driving was “really fast,” “really aggressive” and made the actor think his wife and son were about to be run over — were "hyperbole" and "rhetorical illustrations," Manhattan judge David B. Cohen wrote Thursday. “They are words of frustration with someone's driving,” not accusations that amount to slander, Cohen wrote. He tossed out Cieszkowski's slander claim, but his assault...

Innovative fashion designers lead the way on sustainability

Oct 30, 2020

LONDON — Innovative fashion designers are turning to such things as horseradish and nettles to make sustainable clothing and accessories to the delight of a growing number of buyers. While more consumers are paying closer attention to how the production of goods impacts the environment, old habits die hard. A buy-and-toss mentality persists despite a boost from celebrities helping to drive the upcycle and vintage movements. Actress Maggie Q, who created an activewear line from recycled fabrics, is among activists who see plenty of room for improvement. She says she feels "sick about fast fashion.'' "You hear people say, 'Well,...

Streep, Miranda and Stone are named as Met Gala co-0chairs

Oct 30, 2020

NEW YORK — Next year's Met Gala may be the closest we'll ever come to getting a Miranda Priestly moment at the starry event. Meryl Streep has been named as a co-chair of the Metropolitan Museum of Art's Costume Institute. The Oscar-winner played Priestly, a thinly veiled fictional version of Vogue editor Anna Wintour, in the movie "The Devil Wears Prada." Wintour clearly has no hard feelings because she selected Streep as a co-chair along with Lin-Manuel Miranda and fellow Oscar-winner Emma Stone. Designer Nicolas Ghesquiere rounds out the group. The gala's theme is "About Time: Fashion and Duration," which...

ABC says interview with Epstein accuser wasn't ready to air

Oct 30, 2020

NEW YORK — ABC News faced questions Tuesday about its reluctance to air a sensitive story of alleged sexual misconduct after a leaked video emerged of reporter Amy Robach complaining about how her bosses handled an interview with a Jeffrey Epstein accuser. The conservative web site Project Veritas released video of Robach venting that "every day I get more and more pissed" that her 2015 interview with Virginia Giuffre never made the air. Robach made her remarks late in August while sitting in a Times Square studio with a microphone but not on the air. ABC said Tuesday that the...

In Celeb Wired, we talk about everything in the entertainment industry from A to Z. We keep our gossip hunters updated with the daily hot news because we have exactly what you’re looking for.

Contact us: sales@celebwired.com

Celebrity Adult Entertainment Animation & Comics Award Shows Beauty Pageants Books & Literature Fashion Shows Movies Music Radio Programs Television Programs Variety Shows Press Releases