Gobi
Gobi Superseed II Fund (Gobi SSII Fund), operated by Malaysia and Hong Kong-based Gobi Companions, has introduced investments in 4 Malaysian startups.
They’re the Islamic-themed streaming service Durioo+, Lapasar, Paywatch, and pitchIN.
A sneak peek on the 4 firms:
Durioo+
The Islamic-themed subscription-based streaming service Durioo+ was launched in February 2022 to showcase high-quality Islamic and kid-friendly content material. It showcases Durioo+ Originals, Islamic cartoons and kid-friendly content material worldwide.
In ten months, the platform claims to have gained over 20,000 subscribed customers and is airing greater than 1,600 episodes of content material so far.
Within the subsequent 5 years, the corporate plans to enter the worldwide market – particularly the US, the UK, MENA, Indonesia, Europe and South Asia international locations.
Additionally Learn: Why Gobi Partners believes it is the right time to invest in Pakistan
Durioo+ goals to collaborate with different native and overseas animation studios, manufacturing homes and recreation firms to provide extra content material and video games.
Lapasar
Launched in 2018, the B2B e-commerce market distributes fast-moving client items (FMCG) for normal commerce. It has served over 10,000 SMEs nationwide by means of its warehousing, distribution and monetary companies capabilities.
Lapasar remodeled right into a wholesale procurement platform for small retailers in June 2020, and it grew 172 per cent year-on-year in 2021 and above 100x since its first funding spherical.
Paywatch
An earned-wage entry (EWA) resolution, Paywatch helps staff bridge money stream gaps between paychecks.
Its EWA service is being utilized by notable firms in Malaysia, resembling Lotus’s, KFC, Pizza Hut, QSR Manufacturers, Wilmar and Kenny Hills Bakers.
Additionally Learn: Malaysian earned wage access startup Paywatch bags US$9M for Philippines, HK expansion
Paywatch has grown its product choices and strengthened its presence in Malaysia, South Korea, and Hong Kong. It additionally accelerates enlargement efforts into new Southeast Asian markets, together with Indonesia and the Philippines.
pitchIN
It’s an internet investing platform established in 2016. To this point, it has raised over US$65 million (RM280 million) on its fairness crowdfunding (ECF) platform from over 7,600 particular person investments made by retail and complex traders to assist fund 154 of Malaysia’s fast-growing firms.
pitchIN will launch its Secondary Market and Preliminary Change Providing (IEO) platforms this yr following the Securities Fee Malaysia (SC) approval in 2022. It additionally acquired approval from SC to listing Shariah-compliant campaigns on the ECF platform.
The Gobi Superseed II Fund targets early-stage (seed, pre-Collection A and Collection A) technology-enabled native startups working in segments resembling AI, Huge Information, cloud, e-commerce, fintech, IoT, and Halal financial system.
Since its launch in late 2020, it has additionally invested in 4 different Malaysian startups: Sunway Innovation Labs, TechNode, Speedhome and PolicyStreet.
Gobi’s Malaysia Managing Companion Jamaludin Bujang stated: “We continue our efforts to help spur the growth of entrepreneurs, especially startups and SMEs, in the local ecosystem during a challenging time for the Malaysian economy, as evidenced by our latest investment into these four companies under the Gobi SSII Fund.”
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