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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Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

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[caption id="attachment_7957" align="alignleft" width="240"] Online startups in ASEAN now can get seed capital[/caption] 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...

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.

 



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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