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.
Despite emphasizing its ecosystem building role, the headlines were still about the combined US$550mil that Mavcap hopes to raise with its partners.
KL-based e-commerce startup Applecrumby & Fish has ambitious plans: To disrupt the entire SEA diaper and wipes industry with its inhouse brand.
ADIF, the largest corporate VC fund in Malaysia, has announced its first batch of investments, pumping US$2.9mil into six Malaysian startups.
From an engineer who could not land a job in Kuala Lumpur, Faiz Al-Shahab is now running a promising South-East Asian e-book and interactive content portal that has successfully raised funding and hit almost US$270,000 in revenue last year. Karamjit Singh has the story.
Silicon Valley’s 500 Startups has announced the election of two new managing partners, Bedy Yang and Khailee Ng, a Malaysian and a Digital News Asia Digerati50.
Education portal EasyUni is looking to aggressively expand its presence. Towards this end, it is raising a Series B round now.
- Respective CEOs were friends for some time; similar visions made it only a matter of time for a merger like this
- Media agencies welcome move, expect merged entity to be potential game-changer in digital advertising space
It was another week in the ecosystem dominated by startup news, including two VC investments and the visit of Silicon Valley luminaries, and not forgetting the DNA-TeAM Disrupt panel discussion.
Tertiary educational institute aggregator EasyUni, which has received two Cradle Fund grants and another from MDeC, got Series A funding from Teak Capital, although details were not disclosed.