Loss of A$6mil, says on track to breaking even Aims to be clear No 1 player in Thailand within 12mths
Singapore-headquartered Internet venture accelerator Fatfish Internet Group Limited has appointed former Accenture Asia managing partner and renowned tech investor Larry Gan as non-executive chairman.
The recently-announced financial results of iProperty Group Ltd has thrown up two key questions: Whether it overpaid for its acquisitions, and how did it lose its market leadership position in Singapore, writes Goh Thean Eu.
Online investment firm Catcha Group has announced that REA Group, an affiliate of News Corp, has acquired a 17.22% stake in its portfolio company, iProperty Group.
Patrick Grove, the group chief executive officer of international investment firm Catcha Group; and Joel Neoh, international vice president of Asia Pacific for Groupon, are teaming up with a panel of distinguished entrepreneurs including Sir Richard Branson and Steve Wozniak, in the hunt for Asia Pacific’s technology superstars as part of the 2014 Talent Unleashed Awards.
Catcha Group’s Patrick Grove chats with DNA founder Karamjit Singh about what led to iBuy’s birth and his excitement over the e-commerce momentum in South-East Asia.
There is an undeniable gap between the potential of South-East Asia as a market for technology startups and the number of venture capital funds available to such entrepreneurs, but that will change when there are more success stories, according to panellists at the monthly Disrupt discussion.
Online investment firm the Catcha Group announced that its portfolio company the iProperty Group, which owns and operates a regional network of property websites, has crossed RM1 billion (US$314.4 million) in market capitalisation.
Talks are in an advanced stage with three parties, local and foreign, which will each invest matching funds of up to US$25 million into any of four local venture capital (VC) companies that Mavcap is planning to spin off by January, 2014.
There is a gap in the Asean venture capital space and it has been unable to meet demands in the region, particularly when compared with that of more mature markets such as the United States and Europe, according to Patrick Grove, group CEO and founder of the Catcha Group.