Sunway Group (Sunway), one of Malaysia’s largest conglomerates and Kejora Capital (Kejora), a leading venture capital (VC) firm, has launched the US$25 million Orbit Malaysia fund. This is the first time a Malaysian conglomerate, in partnership with a leading VC firm from Indonesia, formed a fund with Malaysia Venture Capital Management Berhad (MAVCAP) as anchor...
iPay88, Southeast Asia’s leading regional payment gateway provider today announced its partnership with Asia’s leading buy now pay later platform Atome to expand seamless buy now pay later (BNPL) acceptance across iPay88’s merchant touchpoints in Malaysia. APAC is leading the global digital payment revolution and is on track to represent more than half of global...
Collaboration to kick-off with Alibaba Cloud Demo Day 2021 More than 500 startups are anticipated to participate in this programme from October 2021 to March 2022. Alibaba Cloud Innovation Centre has joined hands with Fidelity Funding, a venture capital corporation with the aim of propelling local businesses to greater heights by equipping them with the...
Carsome Group (Carsome), Southeast Asia’s largest integrated car e-commerce platform, has closed its US$170 million Series D2 round of funding, valuing the firm at US$1.3 billion and consolidating its status as Malaysia’s largest tech unicorn. This is supplemented by US$30 million in additional credit facilities, bringing the total funds raised to US$200 million. According to...
Grab a Singapore based e-hailing, food delivery and more is now gearing up to be listed on Nasdaq (GROTHAUS, 2021), prior to that this startup which was founded in 2012 by Anthony Tan and Tan Hooi Ling managed to defeat and buy Uber Southeast Asia operation on 26th March 2018 (Mansuri, n.d.). Grab idea started...
We found an interesting event for founders who are raising funds and want to understand more about investment term sheets in Malaysia. Get your ticket on Peatix by clicking here How do you decide which investor to partner with? How to deal with ‘pushy’ investors? What is the first thing to do when you received...
Most locals are familiar with the transportation Light Rail Transit (LRT). It helps passengers to get from one place to their designated location. The southern state of Malaysia, Johor is currently in the works of introducing a larger and better version of the LRT. A new transportation called Autonomous Rapid Transit (ART) will soon run...
Kuala Lumpur, 1 April 2021 – UOB Malaysia and The FinLab have recently concluded its 2020 run of the Jom Transform Programme, during which 116 local small- and medium-sized enterprises (SMEs) received advisory and assistance in digital transformation. Through the programme, the SMEs improved their productivity and grew their revenue, helping them to overcome the...