KUALA LUMPUR (Feb 1): Chryseis Tan, daughter of Berjaya Corp Bhd executive chairman Tan Sri Vincent Tan, is among prominent investors in online fashion and beauty marketplace Goxip. Goxip said the Series A funding scheme raised US$5 million (about RM19.49 million) to finance its expansion.

Goxip said in a recent statement that the money will finance its expansion into new markets in South East Asia and enter into strategic partnerships with mid- to high-end fashion and beauty brands across the region.

"This Series A funding round is co-led by Meitu (SEHK: 1357) and Chryseis Tan. China-based Meitu is a US$6 billion global innovator in mobile technology including short-form video social platform, photo and video editing applications, and smartphones for selfies. Existing backer Chryseis Tan is the daughter of Malaysian billionaire Vincent Tan, Chairman of Berjaya Group.

"Also participating is Nan Fung Group, one of Hong Kong's leading conglomerates and property developers. Goxip is Nan Fung's inaugural investment through its 'The Mills Fabrica Fund', a newly created fund to support the growth of so-called 'techstyle startups' (at the intersection of technology and style). Sabrina Ho, a Macau-based entrepreneur and daughter of billionaire casino and entertainment tycoons Stanley Ho and Angela Leong, and Iman Allana, daughter of the Indian multi-billion dollar food giant Allana Group family, also joined this round," Goxip said.