Cradle Fund has signed on six new partners, raising another RM52mil for its co-investment funds, which now total RM159.2mil (US$37.7mil).
KL-based accelerator and early-stage investor 1337 Ventures has announced a partnership with Convergence Ventures, Baidu Indonesia and Gobi Partners to bring its Alpha Startups bootcamp to Indonesia.
Tune Studios and BAC Ventures have completed the acquisition of Malaysian live music booking startup Gigfairy for an undisclosed amount.
1337 Ventures said it has made ‘micro investments’ in three Philippines-based startups that participated in its recent Alpha Startups pre-accelerator programme in Cebu, even as it continues to roll out its programmes in more South-East Asia countries.
A BrainChild programme adopted by GLCs in Malaysia is enjoying CEO support due to the ‘entrepreneurial spirit’ being injected into participants, reports Karamjit Singh.
After successfully training corporate types and entrepreneurs for about 10 years, Bikesh Lakhmichand and his iTrain are all set to take on a new challenge: Training young unemployed graduates to become successful entrepreneurs.
1337 Ventures said it is working with Department of Science & Technology Philippines to bring its Alpha Startups idea validation or ‘pre-accelerator’ programme to the Philippines.
This week's show starts with the incredible US$350-million record-breaking round that Malaysian-launched and -owned GrabTaxi has announced, but also looks at other startups playing the regional game, as well as not-so-old-school player Telekom Malaysia.
DNA founder Karamjit Singh is excited about the clear trend of Malaysian corporates partnering with accelerators across Asean to create value for startups and themselves. Maybank has partnered with 1337 Ventures and a clutch of corporates has partnered with the Malaysian Global Innovation and Creativity Centre (MaGIC).
In a sign that more corporates are starting to engage with startups to accelerate their ideation, Maybank Group has partnered with 1337 Ventures to run a four-country Ignite roadshow to pick 20 startups to head to KL for a bootcamp, writes Karamjit Singh.