Newsletter | June 2023


June 1, 2023


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NEWSLETTER

JUNE 2023

HEADLINES

ORA Raises US$10 million as Demand for Telehealth in Asia Soars
“We saw a younger generation of consumers in the South-East Asia region really taking much more interest in looking after themselves,” says founder Elias Pour. “They wanted to look good and feel good, and they were devoting more of their disposable income to that.” Read the Forbes article HERE.
Telefield Medical Imaging Completes the Pre-A Round Financing Totaling Nearly US$5 Million (HK$40 million)
The funds will be used to further accelerate product development and market expansion and attract more outstanding talents to join the team.

PolicyStreet Achieves Significant Growth, Reaching US$6 billion Sum Insured
The fivefold growth achievement demonstrates the growing demand for digital insurance solutions in Malaysia and highlights PolicyStreet‘s innovative approach to insurance distribution

Philippine Startup Venture Fund Now Has US$143 million to Boost Ecosystem
Notable co-investment partners, including Gobi-Core PH Fund, join the Department of Trade and Industry (DTI) in introducing the US$143 million (P8 billion) Philippine Startup Venture Fund. This funding initiative will power collaboration, growth, and innovation within the local startup ecosystem.

TOP STORIES

Aerodyne Unveils Innovative Solutions for Advanced Air Mobility and UAS ISTAR
Malaysia-based drone services provider, Aerodyne Group has unveiled its two highly anticipated flagship solutions, ARGENTAVIS and FULCRUM, at the Langkawi International Maritime and Aerospace Exhibition 2023 (LIMA 2023).

AI-Powered Startups Gain Interest Amongst Investors Who Want to Harness Tech, Offer Solutions for Mass Market
“It is now easier to justify adopting AI technology to replace previous manual processes,” Gobi Partners GBA‘s Executive Director Danny Chong said. “AI has also become a good sales tool, with several companies and brands adopting AI to help promote products and improve visibility,” he added.

COLABS and Endeavor Pakistan Join Forces to Build Stronger Entrepreneurial Ecosystems
This collaboration brings together the expertise and resources of both COLABS and Endeavor Pakistan, which ensures we can create a thriving ecosystem that nurtures and empowers startups, providing them with the support, mentorship, and opportunities they need to succeed.

COUNTRY AND INDUSTRY FOCUS

Malaysia Has What It Takes to Be Tech Hub Linking China to Southeast Asia

Gobi Partners Co-founder and Chairperson, Thomas G. Tsao told the New Straits Times that with different initiatives that the government has pumped up into the industry, it has provided a tremendous boost of confidence for entrepreneurs as well as investors in the technology ecosystem.
Edge Tutor Spins Off from Edukasyon.ph, Names Henry Motte-Muñoz CEO
As the CEO of Edge Tutor, Henry plans to form an entire roster of Filipino teachers who will provide education to Filipino and international learners and clients.

Pakistan’s Abhi Issues First Sukuk Bond for a Fintech in Region
The successful bond issuance reflects growing demand and the financial platform’s potential to alleviate financial burdens on struggling companies in Pakistan.

COLABS, ACCA Collaborate to Foster Financial Acumen Amongst Businesses
The MoU signed between COLABS and ACCA lays the groundwork for greater cooperation between the two organisations to develop a calendar and organise joint or independent events and activities for respective stakeholders.

GOBI GBA IN FOCUS

Gobi Partners brought together colleagues, portfolio companies, and investors from 15 of its key markets across Asia for the BEYOND Expo 2023, which kicked off in Macau on May 10 2023 with the theme “Technology Redefined.” The three-day expo focused on showcasing the future of consumer, sustainability, and healthcare technology.

Click on the images below to read each article.

EVENTS

Jamaludin Bujang at the Hive Southeast Asia Summit 2023
Gobi’s Managing Partner for Malaysia, Jamaludin Bujang participated in a panel called, “Islamic Economy and Halal Investment Opportunities Over the Next Decade”, together with esteemed panelists such as Arsalaan (Oz) Ahmed, Chief Executive Officer of alrajhi bank Malaysia, Amin Ashari Shafie, Director of Serunai Commerce Sdn Bhd, and Syed Haizam Jamalullail, Managing Partner at The Hive Southeast Asia.

The panel delved into the untapped potential of inherent halal products that eagerly await certification. These products, valued in the billions globally, possess the remarkable capability to expand into markets beyond the Muslim economy.
Car Pitch Indonesia: Umeds
Gobi Partners Investment Associate, Ivy Callista, had the privilege of meeting with Alif Andika Sutadi Saputra, Founder and CEO of UMEDS, the groundbreaking EdTech startup revolutionizing online medical learning and career education.
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