Asia Venture Group

Last updated
Asia Venture Group
Company type Private Limited Company
Founded2013
Headquarters
Kuala Lumpur
Key people
Tim Marbach (CEO) | Kai Kux (Managing Director)
Number of employees
incl. Ventures 1000 (2016)
Website asiaventuregroup.com

Asia Venture Group Sdn Bhd (AVG) is a private holding company investing in digital businesses. AVG invests in early stage companies, and has since inception, co-founded 4 companies: iMoney, TrustedCompany, iprice and HappyFresh. [1] The company focuses on digitally scalable business models in Southeast Asia. [2]

Contents

History

AVG was incorporated in Kuala Lumpur by German entrepreneur Tim Marbach in 2013. That year, AVG invested USD500,000 in imoney.my, a Malaysia-based financial products comparison site. [3] In November 2013, AVG co-founded its second company, TrustedCompany, a review platform for e-commerce businesses in Malaysia, India and Brazil.

In 2014, Kai Kux joined AVG as its Managing Director. AVG co-founded its third and fourth companies in 2014. iPrice is a one stop platform for e-commerce discovery in Southeast Asia. [4] HappyFresh is an online grocery platform with one hour delivery service, which commenced operation at the end of 2014. [5]

As of 2016, AVG (together with its co-founded companies) had a presence in 8 cities and 13 offices, with more than 1,000 employees from more than 35 countries. [6]

Investments

As of 2016 AVG had invested in more than 20 companies, predominantly early stage companies, such as: KFit, Scalable Capital or Movinga. [7] AVG has already exited some investments such as Audibene, KaufDA  [ de ] and Returbo.

Related Research Articles

<span class="mw-page-title-main">Sime Darby</span> Malaysian trading conglomerate

Sime Darby Berhad is a Malaysian trading conglomerate. Its core businesses operate and serve in the industrial, motors and logistics sectors as well as the healthcare, and insurance segments.

<span class="mw-page-title-main">Ramly Group</span> Malaysian food company

Ramly Processing Sdn. Bhd. is a Malaysian frozen and fast food company founded by Ramly bin Mokni through Pemasaran Ramly Mokni Sdn. Bhd.

<span class="mw-page-title-main">Astro Malaysia Holdings</span>

Astro Malaysia Holdings Berhad is a Malaysian media and entertainment holding company that began as a paid digital satellite radio and television service, Astro. The company is owned by Usaha Tegas Sdn. Bhd., which also owns Astro Overseas Limited. It serves 5.7 million homes or 72% of Malaysian TV households, 7,500 enterprises, 17.2 million weekly radio listeners, 14.7 million digital monthly unique visitors and 3.1 million shoppers across its TV, radio, digital and commerce platforms.

<span class="mw-page-title-main">AmBank</span> Malaysia-based bank

AmBank Group comprises AMMB Holdings Berhad is one of the largest banking groups in Malaysia whose core businesses are retail banking, wholesale banking, Islamic banking, and life and general insurance.

<span class="mw-page-title-main">Medini Iskandar Malaysia</span> Place

Medini Iskandar Malaysia is a suburb in Iskandar Puteri, Johor Bahru District, Johor, Malaysia.

<span class="mw-page-title-main">IJM Corporation</span>

IJM Corporation Berhad is one of Malaysia's leading conglomerates and is listed on the Main Market of Bursa Malaysia Securities Berhad. Its core business activities encompass construction, property development, manufacturing and quarrying, Infrastructure concessions and plantations. Headquartered in Selangor, Malaysia, IJM's regional aspirations have seen it establish a growing presence in neighbouring developing markets with operations presently spanning 10 countries, with primary focus in Malaysia, Singapore, Australia, United Arab Emirates, China, Indonesia and India.

<span class="mw-page-title-main">Kuala Lumpur Kepong Berhad</span> Malaysian multi-national company

Kuala Lumpur Kepong Berhad (KLK) is a Malaysian multi-national company. The core business of the group is plantation. The company has plantations that cover more than 250,000 hectares in Malaysia and Indonesia. Since the 1990s, the company has diversified its business activities such as resource-based manufacturing, property development and retailing with worldwide presence. The company is listed on the Bursa Malaysia and is Malaysia's third-largest palm oil producer. KLK was ranked 1858th in the 2013 Forbes Global 2000 Leading Companies, with market cap of US$6.91 billion. In 2014, KLK was ranked 23rd most valuable Malaysia brand on the Malaysia 100 2014 with a brand value of US$364 million. The late Thong Yaw Hong, (former) secretary general of the Malaysian Treasury, sat on the board of KLK. Lee Oi Hian, the CEO of KLK, is or was chairman of the board of trustees of the Malaysian Palm Oil Council.

Patrick Y-Kin Grove is a Singaporean and Australian tech entrepreneur of mixed heritage.

<span class="mw-page-title-main">Tune Group</span> Leisure and entertainment corporation

Tune Group Sdn Bhd is a leisure and entertainment corporation founded by the Malaysian entrepreneurs Tony Fernandes and Kamarudin Meranun. It has airline, hotel, telecommunication, financial services, sports, media and creative industries subsidiaries. Its subsidiaries include: budget airline AirAsia; Caterham Group, a motor engine-based technology company, through which it formerly owned the Caterham F1 Team; and Queens Park Rangers, an English football club. Tune Group was the official shirt sponsor of FA match officials until 2013.

Catcha Group is an international Internet group founded by entrepreneur Patrick Grove. The Group controls a number of publicly listed and private media, new media, online classifieds and e-commerce businesses, and is one of the largest investors in the digital sector in emerging markets, notably ASEAN. Catcha Group and its related entities have completed over 50 investments either directly or indirectly, as sole, majority or minority shareholders.

Volvo Car Manufacturing Malaysia Sdn. Bhd. (VCMM) is a wholly owned subsidiary of Sweden-based Volvo Car Corporation. The company was established in September 1966 through a joint venture between AB Volvo and the Federal Auto Company Sdn. Bhd..

REV Media Group was formed on 8 October 2013 following the completion of the merger between certain Catcha Media Berhad subsidiaries and Says Sdn Bhd. The merger deal, valued at MYR60 million was first announced in May 2013 and completed in July. The new company that resulted was named Rev Asia Holdings Sdn Bhd or Rev Asia for short. On May 8, 2017, Rev Asia Sdn Bhd's subsidiary, Rev Asia Holdings, was acquired by Media Prima for MYR105 million.

<span class="mw-page-title-main">Joel Neoh Eu-Jin</span> Malaysian businessman

Joel Neoh Eu-Jin is a Malaysian entrepreneur, speaker, and investor. He is best known for his role as the founder of Groupon Malaysia and as the International Vice President of Groupon Asia Pacific. He is the founder of Fave but stepped down as its CEO in 2023.

Carousell is a Singaporean smartphone and web-based consumer to consumer and business to consumer marketplace buying and selling new and secondhand goods. Headquartered in Singapore, it also operates in Malaysia, Indonesia, the Philippines, Taiwan, Hong Kong, Macau, Australia, New Zealand and Canada. Carousell is available on both iOS and Android devices.

<span class="mw-page-title-main">Lazada</span> Singaporean-Chinese multinational technology

Lazada Group is an international e-commerce company and one of the largest e-commerce operators in Southeast Asia, with over 10,000 third-party sellers as of November 2014, and 50 million annual active buyers as of September 2019.

Merchantrade Asia (Merchantrade) is a Money Services Business (MSB), Digital Payment Service, Micro-insurance and Mobile Virtual Network operator (MVNO), based in Malaysia.

Jirnexu Sdn Bhd (Jirnexu) is a Southeast Asian financial technology startup headquartered in Kuala Lumpur, Malaysia. The company provides technology to help financial institutions manage different stages of the customer journey: marketing, acquisition, fulfilment and retention. It has business-to-business (B2B) and business-to-consumer (B2C) operations in Malaysia and Indonesia.

<span class="mw-page-title-main">Quest Ventures</span>

Quest Ventures is a venture capital firm founded in 2011 by James Tan and Wang Yunming in Beijing, China. The firm mainly focuses on digital commerce investments and has an office in Singapore. The firm deploys funds across Asia in countries such as Singapore, Malaysia, Vietnam, and Indonesia. Quest Ventures is also the largest anchor tenant at JTC Launchpad.

<span class="mw-page-title-main">Amber Court</span> Building in Genting Highlands, Malaysia

Amber Court Villa D'Genting Resort is an apartment complex in Genting Highlands, Pahang, Malaysia. It contains two 23-storey apartment towers including three levels of car parks and two levels of retail podiums. The estimated height is 92 m. The 741 apartments are partially used for timeshare and homestay.

References

  1. "Asia Venture Group". e27.co. Retrieved 2016-04-27.
  2. "Tech in Asia - Connecting Asia's startup ecosystem". www.techinasia.com. Retrieved 2016-04-27.
  3. "Malaysia's iMoney Raises Seed Funding, Preps Personal Finance Platform Launch in Singapore | Intelligent Money Sdn. Bhd". Intelligent Money Sdn. Bhd. 2013-06-04. Retrieved 2016-04-27.
  4. Russell, Jon (21 May 2015). "iPrice, A One Stop Shop For Buying Online In Southeast Asia, Lands $550,000". TechCrunch. Retrieved 2016-04-27.
  5. "HappyFresh secures $12m Series A, led by Vertex and Sinar Mas". DealStreetAsia. Retrieved 2016-04-27.
  6. "About us - Asia Venture Group". Asia Venture Group. Archived from the original on 2016-04-21. Retrieved 2016-04-27.
  7. "Asia Venture Group". angel.co. Retrieved 2016-04-27.