Tag: Exits

Malaysian’s Startup Acquisitions between 2012-2014

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Although home to some of the largest Internet companies in Southeast Asia (SEA) and producing six out of eight tech IPOs (initial public offerings) in ASEAN, local startup exits remain few and far between, especially for the past 3 years. Despite the years of purposeful government support , there seems to be great difficulty attracting investment capital, as she remains in the shadows of Singapore’s economic strength and Indonesia’s size.

However, things may start to change with Cheryl Yeoh, CEO of Malaysian Global Innovation and Creativity Centre (MaGIC), as she seeks to “fill the gaps and connect the dots” between venture capitalists and her fellow Malaysian entrepreneur. Yeoh, with her past startup experience and contacts in New York and Silicon Valley, may just be the right person for the job. I’ll be looking forward to see what kind of magic would be spurned upon Malaysia’s startup scene.

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For those interested in finding out some of the up and coming Malaysian startups, this Tech In Asia’s article is pretty good.

A 5min Guide to Startups Acquistions in Indonesia

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Despite the few number of exits for Indonesian startups during the past two years, some serious funding has been ongoing. Just last year alone, we saw some 27 startups receiving funding, with the largest funding reaching USD$100M for Tokopedia though most of the other deals were undisclosed. Nonethless, we would expect some great news coming along in another few years time.

Update: Bouncity was actually acquired in 2012 rather than 2013, hence startups that exited in 2013 should be eEvent, Ayopay and Gamesaku.