Newsletter | July 2023

3 July 2023


JULY 2023


A Commitment to Sustainability: Gobi Partners Publishes Second Annual Sustainability Report
Gobi is delighted to announce the launch of its 2022 Sustainability Report, which highlights the firm's steadfast commitment to advancing Environmental, Social, and Governance (ESG) initiatives and adhering to the corporate sustainability principles of the United Nations Global Compact. To access the full report and its findings, please click the button below.
OneDegree Group Closes US$55 million Series B Funding Round to Expand InsureTech Offerings
The continued investment in OneDegree Group underscores Gobi's confidence in OneDegree's robust team, sustainable operations, and relentless innovation, according to Gobi Co-founder and Chairperson, Thomas G. Tsao, "Their expanding presence across Asian markets and beyond signifies the vast potential of their pioneering insurance solutions, promising a bright, global future," he added.

iMotorbike Raises US$2.6 million in Series A Funding Led by Gobi Partners
"iMotorbike has the potential to become a key player in the two-wheeler industry and exemplify a circular economy startup. With Malaysia having a motorcycle-to-car ratio of 1:1, Indonesia at 6.5 times, and Vietnam at a remarkable 14.2 times, the combined market size of 216 million motorcycles provides a significant opportunity for iMotorbike to capitalize on," said Gobi Co-founder and Chairperson, Thomas G. Tsao.


Tatler's 2023 Gen.T List: 300 Leaders of Tomorrow Shaping Asia’s Future
Tatler's Leaders of Tomorrow recognised eight founders from Gobi's portfolio companies as part of a group of 300 exceptional individuals who are shaping Asia's future. These trailblazers have made significant contributions as pioneering entrepreneurs and innovative young leaders, leaving a positive impact in their respective fields.
With US$15.3 million Raised, What's Next for PolicyStreet?
Following a substantial funding round, BFM Radio interviewed Yen Ming Lee, CEO and Co-Founder of PolicyStreet, to discuss the utilisation of their Series B funding, the advantages of partnering with Khazanah Nasional, and the future prospects of the digital insurance sector in Malaysia.

Hong Leong Bank Becomes the First Bank in Southeast Asia to Launch Earned Wage Access Solution Through FinTech Paywatch
Paywatch Chief Executive Officer Richard Kim said: “With HLB’s backing, our solution would more efficiently support employees' financial security and resilience while providing companies with opportunities to offer enhanced benefits, thereby improving employee motivation and overall productivity.”

CloudEats and Abhi Listed in World Economic Forum 2023 Technology Pioneers Community
Southeast Asia's largest tech-enabled online food group, CloudEats and Karachi-based Fintech firm, Abhi are among the top 100 most promising companies addressing important challenges such as sustainability, climate change, and healthcare. 

Scoring Off-Court: Why NBA All-Star Damian Lillard’s First Startup Investment Was This Sneaker Marketplace
Balancing professional basketball and entrepreneurship, Portland Trail Blazers star Damian Lillard says he only puts his money where his values are. For his first startup investment, he chose Gobi GBA portfolio Kicks Crew, a Hong Kong and New York City-based e-commerce company backed by billionaire Richard Li that emphasises “community.” 

Savvy to the Rescue: Savyour Becomes World’s First-Ever Cashback App with AI-Backed Shopping Assistant
By seamlessly guiding users towards the most rewarding cashback options, Savyour redefines the way shoppers engage with their purchases, empowering them to make informed decisions and maximise their savings effortlessly.

CARE Concierge - Improving and Scaling Elderly Care with Tech
Martin Yap, Founder and CEO of CARE Concierge, was recently interviewed on BFM Radio, focusing on the efficient utilisation of funding from Gobi Dana Impak Ventures, the company's expansion plan, and its inventive application of technology in delivering elderly care solutions.


Chibo Tang of Gobi Partners on AI, Entrepreneurship, and The Greater Bay Area

Through his personal journey and expertise, Gobi GBA Managing Partner Chibo Tang inspires readers to embrace innovation, while shedding light on Gobi's mission to bridge the gap between technology and investment. 


June 2022 was marked as #ESGobimonth to celebrate the release of the 2022 Sustainability Report. The month-long campaign featured articles sharing insightful perspectives based on the report, supporting Gobi’s commitment to advancing sustainability initiatives moving forward. Click on the images below to find out more.


GUIDE Presents Venture Capital Showcase: Gobi Partners
Join us at the upcoming Venture Capital Showcase Series presented by the Gobi Partners University Innovation Development System (GUIDE) in collaboration with Innovation Entrepreneurship Centre (IEC) of Asia School of Business. Gain Valuable Insights on Funding, Investment Processes, and Industry Dynamics. Expand Your Startup Ecosystem Knowledge.

Don't miss this exclusive event! 
EGH Startup Pitch Day
Gobi Managing Partner (Malaysia) Jamaludin Bujang will be one of the 10 renowned judges attending the Entrepreneur Growth Hub (EGH)'s upcoming Startup Pitch Day in Batu Kawan, Penang. With over 30 influential regional VCs and investors in attendance - this is an event of utmost significance for early-mid stage startup founders seeking funding. Don't miss out!

For a limited time, use the promo code
Alibaba Netpreneur Masterclass
Come join Gobi, Gobi-Core Philippine Fund, JCI Manila, and Lazada in the first-ever global edition of the Alibaba Netpreneur Masterclass, with Alibaba Global Initiatives.

Applications for the program are open until 14 July 2023.
#GobiCares: Making Positive Impact with Pertiwi Soup Kitchen
Gobi collaborated with Pertiwi Soup Kitchen, an organisation dedicated to helping the underprivileged and unhoused community in Kuala Lumpur, as part of Gobi’s commitment to giving back. Click the image to see more photos from the initiative.
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