{"id":64831,"date":"2024-08-29T11:27:32","date_gmt":"2024-08-29T03:27:32","guid":{"rendered":"https:\/\/www.imoney.my\/articles\/?p=64831"},"modified":"2024-08-29T13:47:08","modified_gmt":"2024-08-29T05:47:08","slug":"forbes-asia-100-to-watch-2024","status":"publish","type":"post","link":"https:\/\/www.imoney.my\/articles\/forbes-asia-100-to-watch-2024","title":{"rendered":"Four Malaysian Startups In Forbes Asia 100 To Watch 2024"},"content":{"rendered":"

According to Forbes, these are small companies and startups in Asia-Pacific that grabbed investors\u2019 attention in 2023.<\/p>\n

This is no small feat as venture capital funding in the region declined to its lowest level in seven years. However, 83 of the entries in the top 100 list still managed to raise money since the start of 2023.<\/p>\n

The most entries came from India with Singapore, China, Japan and Indonesia making up the bulk of the entries.<\/p>\n

<\/span>Four Malaysian companies on this year’s Forbes Asia list<\/span><\/h2>\n

Following are the four companies profiles provided by Forbes<\/a>.<\/p>\n

<\/span>Applecrumby<\/span><\/h3>\n

Category: E-commerce & Retail
\nYear Founded: 2012 \u2022 CEO: Sean Tan
\nRetails through TikTok Shop, Shopee
\nDelivers across Southeast Asia
\nCofounded by husband and wife Sean and Jesmine Tan, Applecrumby sells baby products, including chlorine-free diapers and wipes, with subscription packages for repeat orders. In March, it raised $4.2 million from VC firm 500 Global.<\/p>\n

<\/span>iMotorbike<\/span><\/h3>\n

Category: E-commerce & Retail
\nYear Founded: 2016 \u2022 CEO: Gil Carmo
\nOperates in Malaysia and Vietnam
\nKuala Lumpur-based iMotorbike is a platform for buying and selling used motorcycles, with 170-point inspections and easy returns. It raised $2.6 million in June 2023 in a series A funding round led by Gobi Partners and Shanghai-based Ondine Capital. Other investors are Malaysia\u2019s state-run Penjana Kapital, Seedstars and U.S.-based Goodwater Capital.<\/p>\n

<\/span>LiveIn<\/span><\/h3>\n

Category: Food & Hospitality
\nYear Founded: 2015 \u2022 CEO: Keek Wen Khai
\nOperates in Malaysia, Vietnam, Thailand and Indonesia
\nCatering to young professionals in search of affordable housing in Southeast Asia, LiveIn works with landlords to help them manage rooms in their properties. It operates on a revenue-sharing model. The Kuala Lumpur-headquartered startup raised $8.3 million in a pre-series B funding round last December led by Wavemaker Partners and InterVest, with participation by Malaysia Debt Ventures, Jungle Ventures and CAC Capital. In June, Korea Investment Partners invested an additional $2.6 million.<\/p>\n

<\/span>Paywatch<\/span><\/h3>\n

Category: Finance
\nYear Founded: 2020 \u2022 Co-CEOs: Richard Kim, Alex Kim
\nOperates in in Malaysia, South Korea, Indonesia, the Philippines and Hong Kong
\nPaywatch offers employees early access to their wages. Using its app, employees can view their earnings based on their working hours and withdraw money in real time. It also provides employers with HR tools to track employee hours and assign tasks. In June, Paywatch raised a $30 million series A funding round led by VC firm Third Prime, comprising $14 million in equity and $16 million in loans.<\/p>\n

Want to know which other Malaysian companies are making headlines in business?<\/p>\n

Read More:<\/strong>
\nThe Malaysian Companies That Made Forbes \u2018Best Under A Billion\u2019 List<\/a>
\nMalaysian Companies In Forbes Asia\u2019s 100 Companies To Watch 2023<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Ranging from baby products to affordable housing, these fintechs are using digital channels to tap a new generation of consumers.<\/p>\n","protected":false},"author":1,"featured_media":64832,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[248,1,216],"tags":[2445,538,1243,1223,2446,2447,982,1816],"class_list":["post-64831","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-entrepreneur","category-investment","category-news-updates","tag-applecrumby","tag-e-commerce","tag-entrepreneur","tag-forbes-asia","tag-imotorbike","tag-livein","tag-news","tag-paywatch"],"acf":[],"yoast_head":"\nFour Malaysian Startups In Forbes Asia 100 To Watch 2024<\/title>\n<meta name=\"description\" content=\"Ranging from baby products to affordable housing, these fintechs are using digital channels to tap a new generation of consumers.\" \/>\n<meta name=\"robots\" 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