While start-ups complain about how hard it is to raise money in Malaysia, there is a lot more money available today than ever before for entrepreneurs -- but it is money seeking quality in both the idea and team that will execute, writes Karamjit Singh.
The start-up space is recognized as amongst the most vibrant sectors in the country’s technology ecosystem, yet it is still very hard for entrepreneurs to raise money in Malaysia, panelists at the DNA-TeAM Disrupt session said.
Funding from both public and private money helps fire up entrepreneurs with big dreams, writes DNA founder and CEO Karamjit Singh.
Next week’s Disrupt on Wed the 20th at Plug and Play Technologies Sdn Bhd, 7th Floor South Tower, Gardens, is all about the money. Who is giving it out, and what the funders like in the ideas and the entrepreneurs.
Catcha Group chairman and CEO Patrick Grove is on the Australia Unlimited: Global Achievers list; only one based in Malaysia
Catcha Media Berhad (Catcha Media) announced today its subsidary, iCar Asia Limited (iCar), successfully completed its initial public offering (IPO) on the Australian Securities Exchange (ASX) on Sept 11.
Catcha co-founder and group CEO Patrick Grove will hit a hattrick of Internet listings come Sept 11 when iCar Asia Ltd, of which he is chairman, hits the Australian Stock Exchange (ASX) with an opening market capitalization of around RM100 million (US$32.4million).
Zafrul Noordin, commander-in-chief of Codearmy.com, wants to use the concept of Gamification – the use of game design principles in applications outside of games – and apply those to solve the problem of talent shortage that companies face.
Carlist.my, which was launched in 2009, now has a new shareholder in the form of Catcha Media, which took a 50% stake, valuing the country’s leading car site at RM10 million (US$3.2 million).