Stake sold after 2 years to listed Japanese design company, istyle Initial discussions focused on follow-on investment but acquisition made more sense
Despite a 'smelly' start to his weekly column, Karamjit Singh sees a boost to the digital ecosystem, with both crowdfunding and corporate interest in startups showing positive signs of growing.
Axiata Digital Innovation Fund partners with Johor Corp to further drive Malaysia’s digital ambitions
ADIF’s purpose is to aid digital startups that are already revenue-generating operations requiring further support to grow in terms of funding, know-how and market access.
The lack of successful tech companies has had a ripple effect on the risk appetite of corporates to invest in the space.
Leadership of the various entrepreneur development programs in Malaysia comes from the top with secretary general of the Ministry of Finance, Mohd Irwan Serigar Abdullah, a tireless force for action and positive change.
Despite emphasizing its ecosystem building role, the headlines were still about the combined US$550mil that Mavcap hopes to raise with its partners.
Mavcap marks a milestone, signing MoUs with leading venture capital firms Gobi Partners and Elixir Capital.
Yet more funding for startups courtesy of 500 Durians II, and DNA takes What’s Next to Jakarta with IDC as Knowledge Partner.
Mavcap & 500 Startups expect more follow-on funding from the US$50 mil 500 Durians II fund
So Grab raises a record breaking US$750mil. Is an IPO option the only path available with a trade sale not likely?