Accelerators & Incubators
Policy & Regulation
Malaysian startup investment firm NEXEA kickstarts programme for local startups
Through this, startups will explore pilot projects with different organisations, validate business and explore real-world product testing.
Malaysia’s iPrice Group raises $10m Series B led by ACA Investments
iPrice Group seeks to expand beyond price comparison, its mainstay since its inception in 2014.
Y Combinator-backed food delivery startup Dahmakan raises $18m series B
This brings their total funding close to US$28 million.
Malaysia’s Prime Minister Mahathir Mohamad submits resignation to the king
Malaysia’s Prime Minister Mahathir Mohamad has submitted his resignation to the king, according to the prime minister’s office.
SOCAR raises US$18 million to expand car-sharing platform
The startup aims to use the fresh funds to enhance its platform, grow within Malaysia, and expand into new countries by Q4 2020.
Skymind, a UK-based US$800M fund, expanding to grow AI ecosystems of Indonesia, Malaysia
The fund sees strong potential in Malaysia and Southeast Asian to build a thriving AI ecosystem and make the region a global AI hub.
Malaysian edutech startup Forward School raises US$500K pre-seed funding for expansion
With the new investment, Forward School plans to move into their new campus this quarter, an integrated co-learning, and co-living space.
Malaysian P2P car-sharing startup Moovby raises US$500K
The Moovby marketplace allows people to share their cars with other people nearby at an affordable price and earn income
Malaysia’s drone-based asset management startup Aerodyne raises funding, targeting APAC expansion
Aerodyne Group (Aerodyne) welcomes North Summit Capital, Arc Ventures and Leave a Nest as key strategic partners and investors in its second round of Series B funding.
Malaysian health supplement maker DXN invites pitches for $300m IPO
DXN, which started in 1993, uses a direct-selling model with more than 8 million registered distributors worldwide, according to its website.
Malaysia on track for commercial 5G rollout by Q3
Prime Minister Mahathir Mohamad is hoping the technology will propel the country into a developed nation by 2035.
Buyout firm Affinity Partners weighs sale of Malaysia’s Island Hospital
Island Hospital, founded in 1996, has 300 beds with over 50 full-time specialists who treat more than 300,000 patients a year, according to its website.
Grab promotes "safe driving", initiates GrabBike pilot programme in Malaysia
GrabBike sets foot in one of the most thriving locations in Malaysia
TDM Bhd to buy 70% THP-YT Plantation
This acquisition will also improve TDM’s average age profile and provide a positive contribution to TDM’s cashflow.
HPP Holdings Bhd
HPP Holdings seeks to list in Bursa Malaysia’s ACE Market
The company will use the IPO proceeds to increase its production capacity, widen customer base in local and overseas markets.
Malaysian motorcycle ride-hailing startup Dego Ride is back in business with 700 drivers onboard
Dego Ride claims to be the first motorcycle e-hailing service operating in Malaysia before being banned due to safety concerns.
7-Eleven Malaysia acquires 46% stake in Dego Ride operator for $1.8m
MSB operates bike-hailing firm Dego Ride, which launched its services in the country on Wednesday, January 1 with over 700 riders and operations spanning Putrajaya to Shah Alamin.
Malaysia to issue up to five licences to new online lenders in 2020
The new lenders will have access to the country’s shared ATM network.
Visa-free 2020 entry for tourists from China and India
Tourists from China and India will be able to visit Malaysia without a tourist visa next year.
iflix co-founder Mark Britt steps down from CEO role
Britt said he will continue to be part of the startup as a full-time executive director, while Marc Barnett, managing director, will be assuming the CEO role.
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