“Sydney-based textbook rental company Zookal has disputed claims from some Silicon Valley investors that Australian companies need to set up in the United States before they have a hope of obtaining funding. Chief executive Ahmed Haider and his team spent three weeks in Silicon Valley at the end of last year, and returned with $1.2 million of new funds invested in their business. The funding was raised only two weeks into the trip.” – Ben Hurley, BRW
Another key to Zookal’s success is the mentorship provided by Aayash Phumbra, co-founder of US-based textbook rental service Chegg. By taking on smart advisors, following a model that has been successful in other markets and basing their operations in the heart of Sydney’s university precinct, Zookal is fast becoming one of Australia’s most successful collaborative consumption startups.
Read the full story on Zookal’s recent funding on BRW.
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