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MidEast travel startup Holidayme snags $16m Series C via merger with KL-based Tripfez

Middle East-based online travel agency Holidayme on Wednesday announced that it is merging with Malaysia-based travel startup Tripfez to form one of the world’s largest Muslim-focused online travel agencies. The newly merged entity has also raised $16 million in a Series C funding round led by China and Kuala Lumpur-based venture capital firm Gobi Partners. Other investors in the round include
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Malaysian travel platform LokaLocal raises fund from S Korea’s BonAngels

South Korean venture capital firm BonAngels Venture Partners has led an undisclosed investment in Malaysia-based travel startup LokaLocal. With this investment, LokaLocal becomes BonAngels’ first Malaysian portfolio company. The venture capital firm has previously invested in around 140 companies in Korea, Japan, the US and Southeast Asia. LokaLocal said it will use the proceeds to accelerate its growth through its integrated
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Malaysia Digital Economy Corporation (MDEC) introduces BetaPitch startup competition to SE Asia

Malaysia-based digital agency, MDEC, has announced the introduction of global pitch competition BetaPitch to Kuala Lumpur on November 7. 2018. MDEC works with Betahaus, a Berlin-based co-working space and will kick off with hosting Launchpad to Europe workshop. MDEC mentioned its plan to further the Asian startup ecosystem through the startup competition that is taking place in 12 countries, including in
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InnoVen Capital Announced Venture Debt Deals With Malaysia’s 123RF And Singapore’s Conversant Solutions

InnoVen Capital, a joint venture between Temasek Holdings and United Overseas Bank, announced today it has inked two venture debt deals with Malaysia’s 123RF and Singapore’s Conversant Solutions. The financial details of the deals were not announced, but InnoVen did highlight that both of these startups would be considered later-stage enterprises.
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Carousell Acquires Malaysia-Based Mobile Classifieds Startup Duriana

Singaporean P2P marketplace Carousell today announced that it has acquired Malaysia-based mobile classifieds startup Duriana as part of its effort to become a “top mobile classifieds player” in the country. After the acquisition, Duriana users will be migrated to the Carousell platform, where they can continue buying and selling online as part of a larger global community.
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FlySpaces Acquired Malaysia-Based 8spaces

FlySpaces has announced it has acquired Malaysia-based co-working space marketplace 8spaces. The acquisition was made for an undisclosed amount of cash and equity. The Founder of 8spaces, Lais de Oliveira, will be joining the executive team and focus on the Malaysian market and regional community building for FlySpaces. FlySpaces plans to launch in sixth regional city, Jakarta, by next January.  
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Malaysia-Based Salon Booking Service Bfab Received Funding

Malaysia-based salon booking service Bfab received a “six-figure USD” funding from existing investor Captii Ventures. Captii, 500 Startups, and KK Fund injected seed funding into the startup last year, prior to its launch. The team will use the money to further develop the product and grow its base of salons and beauty professionals- which now number 1,900 and 200, respectively.
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ASEAN Angel Alliance (AAA) Created To Promote Cross-Border Investing

Angel networks from seven ASEAN countries- Malaysia, Singapore, Indonesia, Thailand, Philippines, Vietnam, and Cambodia- announced the creation of ASEAN Angel Alliance (AAA) at the Malaysian Business Angel Network (MBAN) second annual summit in Kuala Lumpur. The alliance is aimed to promote cross-border syndication and co-investment support, as well as intra-ASEAN investment in startups, particularly tech-based companies, and high growth business.
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Decision Making Tips For Startups

Decision making is very crucial for any startup. The decisions won’t only impact you but also the company’s direction. In the early years of your startup- decision making could be very daunting and even scary. You will have to be very patient throughout and make your decisions very calmly. Here are few tricks to help in your decision making. Prioritize time Startups
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