Current B2B Marketplace Footprint

The idea for Averest emerged when both the founders, Kevin and Pamela realized that Malaysian SMEs have been wasting a lot of resources and time by finding suppliers for industrial products by going through thousands of company listings in directories, wild searches on search engines, making unanswered phone calls and emails bouncing back & forth. 

Globally, every country is leveraging on B2B marketplace to help businesses source for new suppliers and seek for new business opportunities. Why not Malaysia?

Having observed the success of India-based Indiamart and Indonesian-based Indotrading, Averest was born as a platform that enable Malaysian SMEs to find suppliers and sell products with ease.

Solutions

Malaysia SMEs are relying heavily on expensive offline channels to grow the business, seek new business opportunities and close deals. Traditional marketing such as directories and business name listings have become outdated, unable to reach the global market and ineffective. With the current tech-driven society, who would still want to find a supplier through directories? 

Averest enables Malaysian SMEs to drive business growth and source easier through digital marketing. 

The platform is envisioned to be Malaysia's largest e-procurement marketplace, offering end-to-end order fulfillment solutions which will enable SMEs to optimize their resources in procurement and marketing budget.

Competitors Analysis

The global business landscape has been transformed from traditional advertisements to marketplace ecommerce with product display. However, in Malaysia, there isn�t any local player in this field yet, and this is where Averest comes in to fill the gap in the market.

While marketplaces such as Lazada and Shopee targets Consumer to Consumer (C2C) and distributor to consumer, Averest targets business buyers and sellers (ie. Manufacturer, Wholesaler and Distributor)

Funding Objectives

Management Team

Corporate Information at A Glance

NAME OF COMPANY 

Averest Ecommerce Sdn Bhd

REGISTRATION NUMBER

1274585-T

DATE OF INCORPORATION

2nd April 2018

REGISTERED ADDRESS

CREST Place, sains@usm, Level 1, Block A, 10 Persiaran Bukit Jambul, 11900 Bayan Lepas, Penang

COMPANY SECRETARY

30 Solok Minden 1, Minden Gardens Residence, 11700 Gelugor, Pulau Pinang

Pamela Loh Siew Kin (MIA 43577)

WEBSITE URL

https://www.averest.com.my