Investment of GGG into Indian LIVE streaming quick commerce startup Kiko Live

Greenway Grid Global Pte. Ltd. (Headquarters: Singapore, President; Kazuhiko Shiba, hereinafter “GGG”) is pleased to announce that we have concluded a share subscription agreement with Kiko Live (Headquarters: India, CEO; Alok Chawla, hereinafter referred to as “Kiko”) in its Pre Series A round in January 2023.

Kiko is a LIVE-enabled quick commerce platform provided for Indian Retail and Convenience shops. In India, there are 12 million Kirana shops and another 20 million plus small shops selling things like medicines, stationary, clothes, electronics, food, hardware and many other categories, accounting for 25% of India’s GDP. However, they have been excluded from the trend of digitalization.

Kiko enables these small retail shops to open an online shop within three minutes, and connects them with buyers, payment and delivery partners. Kiko’s LIVE streaming shopping option which provides an interactive virtual shopping experience for its buyers. Currently, Kiko’s main operations are in Delhi and Mumbai and it has onboarded more than 10,000 sellers and had more than 500,000 downloads. They are planning a national roll-out in the following years.

By investing into Kiko, GGG also gains knowledge and creates a more conducive environment for talent training programs that may consider creating new business in India’s e-commerce market.

This investment also marks GGG’s first step into the fast-growing India. With the vision of To Bring Happiness to the World, GGG aims to solve the community challenges in Southeast and South Asia, obtain technology and business know-how, and contribute back to the development of Japan.

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• • GGG is a joint venture established in Singapore by TEPCO Power Grid, Inc., Chubu Electric Power Co., Inc., and ICMG Partners Pte Ltd.
  • GGG aims to be a company that ‘Brings Happiness to the World’ by investing and utilizing latest technologies and next-generation infrastructure, incubating new businesses, and cultivating transformational leaders.

<Contact Person Regarding the Investment>

Greenway Grid Global Pte. Ltd.
(Person-in-charge: Ji An)