Peng T. Ong
Southeast Asian focused venture capital firm, Monk’s Hill Ventures, welcomes Mohd Ridzwan (Reez) Nordin as venture partner, based in Kuala Lumpur.
With the Indonesian ride-hailing market projected to be worth US$15 bil, expect an all out fight to win.
With Japan’s SoftBank Corp investing US$250 million in taxi-booking app startup GrabTaxi, the Malaysian startup scene is finally getting some recognition, but the pressure is now on its management to dominate or die.
Monk’s Hill Ventures (MHV), a fresh entrant to Asia’s venture capital scene, has launched with a S$100-million fund (US$80-million) venture fund founded on the concept of “entrepreneurs backing entrepreneurs.”