Developed for Indonesia’s unique social-centric online market Indonesian social commerce market expected to reach US$90bil by 2028
Of 100 applications, 10 will vie for US$11.3k pre-seed funding Supported by MRANTI, Digital Penang, WORQ, and Google for Startups
Eight potential deals will be signed throughout the year, max US$35.8k per investment Value-add beyond funding, offer advice to help scale the business, tap investor networks
Keeping fit is what has got Joel Neoh excited enough to base his new startup KFit on it. Not only is the market size large, he also sees a greater purpose – to help raise fitness and by association, health levels across Asia Pacific. And for starters, he believes he has possibly raised the largest pre-seed funding round in Asia.
Gigfairy, which operates a community marketplace that matches musicians with (what else?) gigs and promoters, said it has secured RM100,000 (approximately US$28,000) in pre-seed funding in a round led by Endeavor Capitals, an investment company based in Kuala Lumpur.
Star Publications will be putting offers on the table to four companies it has shortlisted in the first round of the Star Accelerator Fund, which the media powerhouse launched in April.
Malaysia's leading media group Star Publications took a major step into the ‘technopreneur’ space with the launch of The Star Accelerator Fund earlier this week, but amidst the bouquets there were some brickbats.