Ganesh Kumar Bangah
There is still hope that 2014 can be ‘Startup Malaysia Year’ and DNA founder Karamjit Singh shares his reasons why.
Having got his Nasdaq listing, albeit on a rough opening day, Ganesh Kumar Bangah now has to answer to the toughest investors in the world every 90 days. However, he believes MOL Global has all the right products and strategy.
Malaysian eyes will be on the Budget 2015 proposal being tabled on Oct 10, while a few will be wondering about MOL Global’s disappointing debut on Nasdaq – but after all, entrepreneurship sometimes is about picking yourself up from a stumble and having another go, writes DNA executive editor A. Asohan.
Fourteen years after quitting college on receiving RM2 million (US$618,000 at current rates) in funding from his main investor Malaysian billionaire Vincent Tan, Ganesh Kumar Bangah has repaid his confidence by taking his online-to-offline (O2O) payment company MOL Global Inc to a Nasdaq listing.
Dotcom pioneer MOL Global Inc, which is expected to list on the Nasdaq Global Market the first week of October, registered a solid first-half performance, seeing net profit more than double to RM11.2 million (US$3.5 million) versus RM5.1 million (US$1.6 million) in the first half of last year.
Key takeaway from Disrupt for entrepreneurs not to expect quick exit Dual MH tragedies bring out dark side in mankind with trademark bid
How many entrepreneurs throughout South-East Asia will be inspired by Ganesh Kumar Bangah’s MOL Global and its Nasdaq listing? Karamjit Singh wonders, while encouraging entrepreneurs to read and learn from the company’s preliminary prospectus.
Disrupt #20 takes a look at angel investors and why they invest and do not invest in certain ideas or entrepreneurs.
Almost 20 years after beginning his entrepreneurial journey while still a teenager, Ganesh Kumar Bangah, MOL Global Inc founder and CEO, is on the cusp of listing his company on New York’s Nasdaq market. Karamjit Singh looks through his prospectus and shares some of the key points that strike him.
IPO proceeds will be used to repay debts, among other uses No plans to pay dividends in the foreseeable future