Newsletter | October 2023

2 October 2023





Gobi Partners Strengthens Commitment to Sustainability with Investment in ERTH, a Leading E-Waste Recycling Firm
Since 2019, ERTH's freelancers, known as Heroes, have actively diverted over 1,000,000 kilograms of e-waste from landfills. To provide context, this amount is equivalent to 13 Boeing 737 aeroplanes.
Kiddocare Secures Strategic Investments in Pre-Series A Round, Powering Malaysia's Caregiving Revolution
Founded in 2018, Kiddocare connects parents with verified childcare providers through a user-friendly app. With strategic investments in its recent Pre-Series A round, including from Gobi Partners via the Khazanah Nasional Bhd-backed Gobi Dana Impak Ventures Fund (GDIV), Kiddocare is poised for nationwide expansion while highlighting safety and convenience.


Twin Towers Ventures and Gobi Partners Sign MoU to Drive Sustainable Innovation in the Asia Pacific Region 
In this partnership, Gobi Partners and PETRONAS will actively collaborate on deal opportunities and co-investments, drawing from their shared vision exemplified by their joint investment in the AEF Greater Bay Area Fund (AEF GBA Fund).
10th Malaysia Prime Minister, Datuk Seri Anwar Ibrahim Highlights iStoreiSend and EasyParcel
During the recent 12th Malaysia Plan mid-term review, Malaysia's Prime Minister, Datuk Seri Anwar Ibrahim, emphasised the importance of fostering local technopreneurs. He cited examples such as Gobi-backed web-based courier service EasyParcel and logistics solution provider, iStoreiSend. An upcoming startup convention aims to champion this initiative, with the goal of inspiring and empowering more technopreneurs in the country.

E-commerce Enabler etaily Earns Lazada Partner of the Year Award for Philippines
The prestigious accolade recognises etaily’s exceptional dedication, innovation, and commitment to fostering brand growth on LazMall, solidifying their position as a top-tier partner within the Lazada ecosystem.

The pitchIN Academy Officially Launches to Educate Founders and Investors
pitchIN Academy aims to enhance communication, education, and public awareness outreach of innovative financing and investment in Malaysia, offering practical education on alternative financing and investment through three main programmes: Fundraising Accelerator (FA), Investment Workshop (IW), and Masterclass (MC).


Gobi Partners' Chibo Tang on the 'Greater ASEAN Opportunity'
The Greater Bay Area (GBA), with a GDP of almost US$2 trillion in 2022, may rise to become a region of opportunities for investors and startups in the neighbouring ASEAN countries. “We see a lot more collaboration opportunities and cross-border developments between the GBA, including Hong Kong, and Southeast Asia,” said Chibo Tang, Managing Partner of Gobi Partners GBA.
Shakeout Looms as China's AI "War of a Hundred Models" Unfolds
In the midst of China's AI 'War of a Hundred Models,' investors caution about an impending shakeout due to rising costs and profit pressures. Gobi GBA Managing Director, Tony Tung, notes that some investors regret early investments in large language models (LLM), as many now seek tech giant partnerships, saying, 'Investors have sobered up compared to earlier this year.'

Carsome's Eric Cheng on CNA: Reflecting on Success and Growth in Southeast Asia
"I think the biggest mistake was in the first year when I started out. We were trying everything for the business. At one point, we were not just in Southeast Asia but also in places like Australia and much further away, which is not the right strategy. We found ourselves stretched too thin and going back to the market dynamics - we learned the lesson on how to navigate and build a business in the right market." - CARSOME Co-founder and CEO Eric Cheng spoke to CNA’s Roland Lim on the sidelines of the Forbes Global CEO Conference in Singapore.

Islamic VC in Malaysia: 'Shariah First Policy is Key'
Gobi's Managing Partner in Malaysia, Jamaludin Bujang, highlighted the challenge of Shariah compliance not being a top priority for most LPs, though some strict LPs, primarily from the Middle East, insist on the utmost Shariah compliance in transactions, emphasising the importance of capital sources.


Entrepreneurs Summit IV Panel Session: "The Unicorn Sickness: Rethinking What Constitutes Entrepreneurial Success"
Join Gobi Managing Partner, Jamaludin Bujang, in an insightful discussion moderated by Malaysian Business Angel Network (MBAN) President, Alan Lim. Also joining the panel are MBAN CEO, Nizam Mohamed Nadzri, and Adaptive Capital Partners Founder and Managing Partner, Shi-Ying Lau.

Date: Tuesday, 17 October 2023
Time: 9:00 am - 5:00 pm (MYT)
Location: Menara Affin, TRX

Don’t miss this chance to be part of the dialogue that’s reshaping the startup landscape. 


Plug and Play APAC Malaysia Programme Accelerator Launch
On the 6th of September, Gobi Co-Founder and Chairperson, Thomas G. Tsao, participated as a panellist at the Plug and Play APAC Malaysia Programme Accelerator Launch event last 6th September. The discussion, titled 'Advancing Malaysian Startup Ecosystem through Future Malaysia Programme,' was moderated by Khazanah Nasional Berhad Nasional’s Director, Investments, Omar Fateh.

Gobi extends its sincere appreciation to fellow panellists: Antler Co-founder and Chief Business Officer Fridtjof Berge, 500 Global Managing Partner Khailee Ng, and Plug and Play APAC Managing Partner Jupe Tan for their valuable contributions.
KL Startup Mixer: "Rewriting the Venture Playbook" Panel Session
The VC landscape has undergone a transformation, with a heightened focus on profitability, sustainability, diversity, and social responsibility. This shift has significant implications for startups seeking funding, as VCs now prioritise these factors when making investment decisions.

Gobi Managing Partner, Jamaludin Bujang, shared his insights into these evolving dynamics. The panel, moderated by Azran Osman-Rani, also featured other distinguished panellists, including Manavaalan Ramasamy, CFA from KWAP Malaysia, Taufiq Iskandar from Penjana Kapital Sdn. Bhd., and Tanuja Rajah from M Venture Partners.
"Accelerating Sustainability through the Digital Economy – Shaping A Long-Term Future" Panel Session with HSBC Malaysia
Gobi Partner J.E. Lee, alongside Group Chief Executive Officer of GHL Systems Berhad, Sean S. Hesh, Chief Executive Officer of Penjana Kapital Sdn. Bhd., Taufiq Iskandar, and Regional Head of Commercial Banking, Sunil Veetil, participated in a discussion moderated by Freda Liu.

Lee discussed the work Gobi had done in propelling sustainable developments by investing in ESG-centric companies such as ERTH, Clearbot, AERODYNE Group, and many more.
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