About Hermo
Hermo is a company based in Johor Bahru (Malaysia) founded in 2012 by PohSoon Chong was acquired by Istyle in May 2017.. Hermo has raised $2.1 million across 3 funding rounds from investors including istyle, Gobi Partners and Crystal Horse Investments.
- Headquarter Johor Bahru, Malaysia
- Founders PohSoon Chong
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Sectors
Healthcare
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Email
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Phone
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Website
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Social
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Funding Insights of Hermo
Hermo has successfully raised a total of $2.1M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $2 million completed in October 2015. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series A — $2.0M
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First Round
First Round
(01 Feb 2012)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2015 | Amount | Series A - Hermo | Valuation |
investors |
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| Jun, 2013 | Amount | Seed - Hermo | Valuation |
investors |
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| Feb, 2012 | Amount | Seed - Hermo | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Hermo
Hermo has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include istyle, Gobi Partners and Crystal Horse Investments. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital firm investing in early-stage tech startups
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Founded Year | Domain | Location | |
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Tech focused early stage VC firm investing in Asia
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Founded Year | Domain | Location | |
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E-commerce sites for beauty products and reviews are operated.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Hermo
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Hermo
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Hermo Comparisons
Competitors of Hermo
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Hermo
Frequently Asked Questions about Hermo
When was Hermo founded?
Hermo was founded in 2012.
Where is Hermo located?
Hermo is headquartered in Johor Bahru, Malaysia. It is registered at Johor Bahru, Johor, Malaysia.
Is Hermo a funded company?
Hermo is a funded company, having raised a total of $2.1M across 3 funding rounds to date. The company's 1st funding round was a Seed of $100K, raised on Feb 01, 2012.
What does Hermo do?
Hermo was founded in 2012 and is based in Johor Bahru, Malaysia. The platform operates in the e-commerce sector, focusing on flash sales of beauty and personal care items. A catalog featuring skincare, makeup, bath and body products, fragrances, health and wellness goods, and hair care is maintained. Items from brands like Angel Key, BBIA, and Candy Love are included, with sales conducted online via the domain hermo.my.
Who are Hermo's investors?
Hermo has 3 investors. Key investors include istyle, Gobi Partners, and Crystal Horse Investments.
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