NEXEA Invests RM2.5mil in One of the Largest Online Diamond Sellers, ZCOVA

Founders Of ZCOVA, Low ZiWei and Low ZiYin

Subang Jaya – 07 February, 2022 – ZCOVA, a diamond jewellery store started with the mindset to revolutionise the diamond industry in July 2015 by founders Low Ziwei and Low Ziyin. 

They added innovations like 360° diamond viewing videos, personalised virtual consultations, virtual try-on using augmented reality and even introduced a dual diamond certification to the Malaysian diamond market

Their end goal of doing all these has always been to provide transparency and reliability, which will allow their customers to make an educated purchasing decision and have a positive buying experience.

“Since ZCOVA’s inception in 2015, we’ve helped over 4300 customers save RM 20 million in diamonds with our innovative business model and continuous consumer education. Over the years there has been an increasing demand in other states for what we offer here at ZCOVA including our education, transparency, services and experience. 

We make it a priority to ensure every customer touchpoint from all our online channels including website and social media to offline at our Experience Centres is complete with personalised consultations. In line with ZCOVA’s mission to make diamonds more accessible to everyone, we are extending this experience to more locations, starting with Johor. 

The Johor Experience Center will also act as our service hub in the Southern region, catering to customers who need to resize or refurbish their jewellery with ease.” said co-founder of ZCOVA, Low Ziwei.

Despite the recent pandemic, ZCOVA still successfully raised RM 2.5 million from NEXEA’s Angel Investors. The confidence of the investors was evident to be right from ZCOVA’s 450% growth in revenue from the previous year.

“ZCOVA has a very strong business model and is very much proven in other countries. They have very strong competitive advantages and are the top performer in the Southeast Asian Region.

We expect to see ZCOVA become the clear winner in the online jewellery space, and to have a good shot at becoming one of the next unicorns in the Southeast Asian Region.” said Ben Lim, Managing Partner of NEXEA.

About NEXEA

NEXEA is a Malaysian Venture Capital and Startup Accelerator firm that specializes in supporting and funding technology companies that have the potential to be the next technology giants. NEXEA also has services for investors and corporations that want to invest or work with future technology giants. 

NEXEA is known for its mentors who are successful ex-entrepreneurs, or C-levels who own or have sold (IPO, M&A) their businesses. The combination of experienced mentors, experts, and partners prove potent as the top companies out of 35+ startups invested by NEXEA have grown 3 to 16 times per year. NEXEA is based in Bandar Sunway, Selangor.

Check out our Entrepreneurs Programme and Corporate Accelerator as well.

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