UShift, a company backed by an Asian Internet group, will be holding a round of financing in the coming months. Their goal is to make between three and five million dollars, for use in expansion to other countries. The company also plans to break even shortly after this round of capital.
UShift has only been around for a year or so, and they recently reached 30,000 registered users. UShift’s new approach to getting workers out to events, including entertainment, food, and other assistances, has been an immediate success for the company, and their venture forecasts prove that their confidence is well earned.
“We are funded by APACIG (a joint venture between Rocket Internet and Qatar’s Ooredoo) but are now looking at closing our pre-Series A round of $3-5 million by Q1 2018. We are planning to use the funds for market expansion; we plan to enter four new markets — Indonesia, Thailand, the Philippines and Malaysia.’ said Anu Shah, co-founder and CEO of UShift.
UShift has claimed they wish to fit themselves as the team for tech-savvy companies. Their group will help those who are already a bit in the know with regards to computers, but still need an extra hand from time to time.