Gobi Partners onboards Malaysian startups Durioo+, Lapasar, Paywatch and pitchIN to the Gobi Superseed II Fund
Gobi Partners, the Pan-Asian venture capital (VC) firm with $1.5 billion in assets under management, has onboarded four more promising Malaysian startups to its Gobi Superseed II Fund (Gobi SSII Fund).
Gobi said in a statement that the four firms being onboarded are Islamic-themed streaming service Durioo+, e-commerce marketplace Lapasar, earned wage access provider Paywatch and online…
Leading organizations in Asia-Pacific Lauded with the Frost & Sullivan Best Practices Award
6 companies commended for their outstanding performance and valuable contributions in shaping new trends across the region
SINGAPORE, Dec. 20, 2022 /PRNewswire/ -- Frost & Sullivan's Best Practices Awards commend best-in-class companies that have accomplished innovative or disruptive breakthroughs in their industries and have continually demonstrated excellence.
"My heartiest congratulations…
Fitch Solutions sees passenger EV sales in Malaysia to expand rapidly in 2023
Fitch Solutions, a Fitch Group unit, said Thursday that it expects passenger electric vehicle (EV) sales in Malaysia to expand rapidly in 2023, albeit from a low base due to the introduction of incentives to boost adoption.
The research house said in a note that it forecasts passenger EV sales in Malaysia to increase by 45.6 percent in 2023 to reach an annual sales volume of around 4,449…
Carsome Mobility Lab unveils five up-and-rising stars
Five mobility startups have presented their innovative pilot projects on Wednesday during the Carsome Mobility Lab demo day.
In a statement, Carsome said the five companies are Asia Mobiliti Tech (smart mobility solutions), Carmen Automotive (SG) (vehicle data analytics solutions), Moovby (peer to peer car-sharing marketplace), MyBump Media (leading crowd advertising platform) and SparexHub…
Indonesia’s unicorn Kopi Kenangan debuts in Malaysia – report
Indonesian unicorn Kopi Kenangan has made its debut in Malaysia with the official launch of its outlet at Suria KLCC, a shopping mall at the iconic Petronas Twin Towers in Kuala Lumpur, marking its first outlet outside its home country.
The coffee chain Co-Founder and Chief Executive Officer Edward Tirtanata said the company's expansion beyond the Indonesian market started with Malaysia and…
NEC Selected as Technology Partner in the Implementation of Biometric Solutions for NIISe
KUALA LUMPUR, Malaysia, Oct. 18, 2022 /PRNewswire/ -- Leading IT and Network Technologies company, NEC Corporation of Malaysia Sdn Bhd (NEC Malaysia) has been awarded the sub-contract for the implementation of its class leading Automated Biometric Identification System (NEC ABIS) and Border Control Solution (e-Gate) by the main contractor for the National Integrated Immigration System (NIISe),…
iNNOVATE Tech Show 2022: Driving Businesses towards Digitalization and Sustainability
Themed "Innovation and Technologies for a Better Future", the business trade show also features two co-located events, the Global Drone Conference & Exhibition and the Global Future Mobility Exhibition iNNOVATE Tech Show 2022 is produced and organized by Best Events Productions with support by partners – MRANTI, InvestKL, MAJECA, MASSA, SME Corp, MDEC, APARA, MyAIRA, Sunway iLabs and…
Allianz Malaysia joins Gobi Partners’ Malaysia-focused SuperSeed II Fund
Pan-Asian venture capital (VC) firm Gobi Partners announced Tuesday the closing of its $10 million Gobi SuperSeed II (Gobi SSII) Fund following the participation of Allianz Malaysia Berhad (Allianz Malaysia) as a limited partner (LP).
Other LPs backing the Gobi SSII Fund are institutional investors Malaysia Venture Capital Management Bhd (MAVCAP) and Sunway Group, Gobi Partners said in a…
Malaysia’s unicorn Carsome to delay dual-listing plans – report
Malaysia-headquartered used car platform Carsome Group is said to be delaying its dual listing plans in Singapore and the US on concerns that deteriorating macroeconomic conditions could dent its valuation, Bloomberg reported on Tuesday, citing people with knowledge of the matter.
Carsome, which is also Malaysia's first tech unicorn, has halted work on the planned offerings that were set for…
Malaysia to focus on creating smart cities, says Science Minister
Malaysia is focusing on creating smart cities based on the trend of increasing population in the urban areas, according to the country's Science, Technology and Innovation Minister Dr Adham Baba.
The creation of smart cities was one the approaches being taken in solving urbanization issues to improve the residents’ quality of life, spur economic growth, provide a safe environment, and…