Catcha eyes ASEAN online startups

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Online startups in ASEAN now can get seed capital

Catcha Group, a Malaysian investment firm has announced it will invest up to $150 million in ASEAN-based online businesses over the next five years.

The company is a Kuala Lumpur-based investment group that controls a number of companies involved in media, new media and entertainment. Since its launch in 1999, Catcha Group has completed a number of landmark transactions including the 2007 IPO of iProperty Group on the Australian Securities Exchange, Catcha Media Berhad on Bursa Malaysia in 2011 and the 2012 IPO of iCar Asia also on the Australian Securities Exchange.

Catcha Group and related entities have completed over 25 investments and acquisitions since inception.Investors in Catcha Group companies include Germany’s Axel Springer AG, Star Media Group (Malaysia) and Intel Capital.

The initial investments into the iProperty portal was $300,000 investment: Today the company is worth $170 million.

The company’s online assets are worth over $300 million together, according to reports. Catcha’s CEO, Patrick Grove, said the decision to carve out the funding for ASEAN is because the company is seeing a rise in ideas and entrepreneurs in the region, and is keen to make successful exists from these investments.

 

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Reading Time: 1 minute

Online startups in ASEAN now can get seed capital

Catcha Group, a Malaysian investment firm has announced it will invest up to $150 million in ASEAN-based online businesses over the next five years.

Reading Time: 1 minute

asian-girl-computer
Online startups in ASEAN now can get seed capital

Catcha Group, a Malaysian investment firm has announced it will invest up to $150 million in ASEAN-based online businesses over the next five years.

The company is a Kuala Lumpur-based investment group that controls a number of companies involved in media, new media and entertainment. Since its launch in 1999, Catcha Group has completed a number of landmark transactions including the 2007 IPO of iProperty Group on the Australian Securities Exchange, Catcha Media Berhad on Bursa Malaysia in 2011 and the 2012 IPO of iCar Asia also on the Australian Securities Exchange.

Catcha Group and related entities have completed over 25 investments and acquisitions since inception.Investors in Catcha Group companies include Germany’s Axel Springer AG, Star Media Group (Malaysia) and Intel Capital.

The initial investments into the iProperty portal was $300,000 investment: Today the company is worth $170 million.

The company’s online assets are worth over $300 million together, according to reports. Catcha’s CEO, Patrick Grove, said the decision to carve out the funding for ASEAN is because the company is seeing a rise in ideas and entrepreneurs in the region, and is keen to make successful exists from these investments.

 

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