Newsletter | March 2023

4 April 2023



MARCH 2023


Gobi Partners Appointed as Partner by Khazanah Nasional to Fuel the Malaysian Startup Ecosystem

The Future Malaysia Programme, under the RM6 billion Dana Impak mandate, will boost Khazanah‘s efforts to foster early-stage entrepreneurs and startups. The partnership with Gobi aims to enhance the local tech ecosystem through collaborations with domestic and international partners, including startups, venture capital, and corporate venture programmes.
Gobi Partners Onboards Care Concierge to the Khazanah-Backed Gobi Dana Impak Ventures Fund
CARE Concierge is a Malaysia-based healthcare service focused on enriching the quality of life for seniors and families through innovation. Care Concierge is also one of six winners of the Khazanah Impact and Innovation Challenge 2021. The investment marks the first portfolio under the Khazanah-backed Gobi Dana Impak Ventures Fund. 

Internet Startup Maqsad Scores Pakistan’s Biggest Edtech Round
Pakistan’s Maqsad raised US$2.8 Million in an oversubscribed seed round – the nation’s largest funding round by an education technology provider, showing that some startups in the nascent market are attracting investors despite a global venture financing slump.

Core Capital Onboards RISE Group to the Gobi-Core Philippines Fund
Internet acceleration solutions provider, RISE Group aims to accelerate the Internet for the Philippines by working hand-in-hand with local industry players to deliver an improved Internet experience.

Gobi Partners Collaborates with Paywatch to Meet the Growing Demand for Earned Wage Access
With this partnership, Gobi Partners will provide funding and support to Paywatch to expand its services in catering to the needs of the workforce and improve financial inclusion in Southeast Asia.


Core Capital Co-Founders Recognised in Esquire Magazine Philippine Trailblazers List

Gobi-Core Philippine Fund Co-founders, Jason Gaisano and Carlo Chen-Delantar have been recognised in Esquire Magazine Philippines’ Trailblazers list for their contributions to the startup industry. The list highlights 50 movers and shakers in 2023 who are driving positive change in their respective fields in the Philippines.
Alibaba Cloud Launches EasyDispatch AI Logistics Solution, Signs MoU with Global Track and EasyParcel
Through the partnership with Global Track and Gobi investee EasyParcel, Alibaba Cloud aims to expand its logistics capabilities and improve last-mile delivery services in Southeast Asia.

Amity Solutions Mulls IPO for Funding
Thai-based tech startup Amity, is considering listing its new subsidiary Amity Solutions in Thailand or Singapore next year to mobilise funds as it seeks to become a leading generative pre-trained transformer (GPT) platform in Southeast Asia.


AWANI Review: Breaking Down Barriers for Women-Led Businesses

Gobi Partners Co-founder and Chairperson, Thomas G. Tsao and portfolio company Dropee Chief Executive Officer, Lennise Ng weigh in on the challenges women entrepreneurs face in accessing funding, the significance of gender diversity on start-up success, and uncovering opportunities in tough economic times on Astro AWANI.
Agenda AWANI: Of Labour Markets and Women in Malaysia
Two of Gobi Partners’ female co-founders, Muslim-focused streaming platform, Durioo+, Nuown Zainal, and e-commerce technology enabler AVANA, Yienyee Soh, were interviewed on Agenda AWANI segment, where they provide valuable insights into the current job market for women in Malaysia.

Aerodyne Group and Japanese Drone Startups Jostle to Lead Global Race
Gobi Malaysian dronetech investee, Aerodyne Group‘s uses artificial intelligence and machine learning technologies for automated data analysis and processing is noted as a unique aspect of their services. 


In honour of International Women’s Day on 8 March and our continuous support of women entrepreneurs, Gobi held a month-long campaign spotlighting our female movers and shakers through the ‘Women of Gobi Series’ featuring our Gobi GBA Executive Partner, Cindy Zhang, our founders Christina Suriadjaja (Travelio), Yienyee Soh (AVANA) and Vanessa Hendriadi (GoWork);  a networking session celebrating diversity in finance and tech in Hong Kong as well the two-day Asia Gender-Smart Investing Workshop held in collaboration with UN Women!

Click on the images above to read the articles and learn from the workshop.


Asia Gender-Smart Investing Workshop 
The two-day event brought together industry leaders in the private and public sectors to discuss strategies for creating more sustainable companies through diversity and providing opportunities for women. The workshop aimed to promote gender equality in investment decision-making and Diversity, Equity, and Inclusion integration for startups. More than 350 participants from 17 countries, including corporations and non-profit organisations, attended the workshop.

The recorded sessions for both days are now available on Gobi’s Youtube channel. Click on the buttons below to view.

Don’t forget to like and subscribe! 
“Asia, Tech, and Investing in Growth” featuring Thomas G. Tsao at the Fiduciary Investors Symposium
In the hour-long fireside chat, Thomas discussed how Asia has been and will continue to be a major contributor to global growth in tech-company revenues, startup funding, spending on research and development, and patents filed over the last decade. Our Co-founder and Chairperson also emphasised the need for Western businesses to recognize the potential of the Muslim consumer market and take steps to engage with this demographic.
IWFCIM Investment Forum: Celebrating the International Women’s Day 2023
Our Managing Partner for Malaysia, Jamaludin Bujang, joined a panel discussion on “Smart Investing” at the IWFCIM Investment Forum on 8 March, which was organised to celebrate International Women’s Day 2023. The forum aimed to support women entrepreneurs by connecting them with investment experts and exploring various investment vehicles and fundraising options. The full-day event hosted 150 entrepreneurs and business professionals, featuring speakers from reputable organisations, including Bursa Malaysia and the Securities Commission, as well as leading investment firms and fundraising companies. The objective was to provide entrepreneurs with a platform to engage with experts and foster a more equitable entrepreneurial ecosystem.
JUMPSTARTER 2023 Global Pitch Competition
JUMPSTARTER, the global pitch competition, is back to take your business to the next level!

To know more about this opportunity, join Alibaba Entrepreneurs Fund for their info session roadshow across Asia starting from March 28 – admission is completely free!
Hong Kong AI Lab is Now Open for Applications
Hong Kong AI Lab focuses on advancing the frontiers of AI with cutting-edge technologies and expertise and empowering startups to develop and commercialise their AI inventions and technologies. Applications for the 12-month accelerator programme with two cohorts a year are open until 19 April 2023.


1. Paywatch – Kuala Lumpur, Malaysia
2. CloudEats – Philippines 3. Jirnexu – Kuala Lumpur, Malaysia *Only shortlisted candidates will be contacted by our portfolio companies
**Gobi Partners is not responsible for the recruitment process and is only sharing the opportunities on behalf of our portfolio companies


Ramadhan Kareem from Gobi Partners
During this sacred time of the year, we send you our warmest wishes for peace, love, and understanding.

May the beauty of this blessed month fill your heart and home with peace and happiness.
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