Catcha Group

Last updated
Catcha Group
Company type Private Limited Company
IndustryMedia, Internet, Online Classifieds and E-Commerce
Founded2004
Founders Patrick Grove, Ken Tsurumaru and Luke Elliott
Headquarters
Malaysia and Singapore
Area served
 Asia, Malaysia, Singapore, Hong Kong, Indonesia, Philippines, India
Key people
 Patrick Grove (Group CEO) and Luke Elliott
Total assets US$ 1 billion
Number of employees
1000+ (2013)
Website http://www.catchagroup.com

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. [1] Catcha Group and its related entities have completed over 50 investments either directly or indirectly, as sole, majority or minority shareholders. [2]

Contents

Since inception, Catcha Group has completed a number of transactions with a total of six IPOs in fourteen years, including the 2007 listing of iProperty Group on the Australian Securities Exchange, REV Asia Berhad (previously Catcha Media Berhad) on Bursa Malaysia in 2011, and the subsequent IPOs of iCar Asia in 2012, Ensogo (previously iBuy Group) in 2013 and Frontier Digital Ventures in 2016; all three on the Australian Securities Exchange. In February 2021, the Group listed a blank check company, Catcha Investment Corp, on the NYSE. [3] The company raised $300m in gross proceeds in their initial public offering to target technology businesses in Southeast Asia and Australia. [4]

Portfolio

Some of the notable companies started or invested by Catcha Group include:

Investment strategy

Focusing on investments within the online sector, Catcha Group’s investment strategy involves looking at ideas that have worked in more mature markets and looking at how they can be brought to emerging markets, particularly Southeast Asia. [29] In an interview with e27.co, Catcha Group's Group CEO Patrick Grove has said “We like to bet on ideas where the concept is already proven. Our only risk is execution risk, we don’t like to bet on idea risk.” [30]

Two further pillars of the Group's investment strategy include the use of mergers & acquisitions as a driver of growth and the public markets as a vehicle for this. Speaking in an interview with BRW, Patrick Grove was quoted as saying: “In an industry that moves so fast, the way to get market share fast is to acquire rather than start from scratch." [31]

Today, Catcha Group focuses on providing growth equity and mentorship to tech entrepreneurs looking to take their companies public, leveraging the Group’s public markets and corporate transactions experience.

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References

  1. ↑ Ho, Victoria (2013-03-25). "Malaysian Investment Firm Catcha Sets Aside $150M For Asean Startups". TechCrunch. Retrieved 2024-02-15.
  2. ↑ https://www.catchagroup.com/ , "Catcha Group Homepage"
  3. ↑ Yong, Yimie (2022-08-03). "Catcha Investment Corp 2.0 withdraws $250M IPO". TechNode Global. Retrieved 2023-01-23.
  4. ↑ "Catcha Investment Corp Announces Closing of $300,000,000 Initial Public Offering". www.businesswire.com. 2021-02-17. Retrieved 2024-02-15.
  5. ↑ Catcha Group secures US$100m investment in portfolio company iProperty.com, "Yahoo News, July 31, 2014
  6. ↑ "Online property firm IPGA debuts on ASX". The Sydney Morning Herald. 2007-09-11. Retrieved 2024-04-16.
  7. ↑ iProperty Shares Jump 13% as IPP Added to ASX 300 Archived 2014-08-12 at the Wayback Machine "Property Portal Watch"
  8. ↑ "iProperty market cap crosses RM1bil mark". Digital News Asia. 2013-11-07. Retrieved 2024-04-16.
  9. ↑ "Catcha Group secures US$100m investment in portfolio company iProperty.com". Yahoo News. 2014-07-31. Retrieved 2024-04-16.
  10. ↑ "Rupert Murdoch's REA Group completes acquisition of Malaysia's iProperty". Channel NewsAsia. Retrieved 2016-04-28.
  11. ↑ Catcha Group secures US$100m investment in portfolio company iProperty.com Archived 2014-08-12 at the Wayback Machine , "Business Insider", July 31, 2014
  12. ↑ http://www.proactiveinvestors.com.au/companies/news/37899/icar-asia-buys-malaysian-automotive-website-37899.html , "iCar Asia buys Malaysian automotive website"
  13. ↑ http://finance.ninemsn.com.au/newsbusiness/aap/8531173/positive-asx-start-for-icar-asia Archived 2013-12-12 at the Wayback Machine , "Positive ASX start for iCar Asia"
  14. ↑ http://finance.ninemsn.com.au/newsbusiness/motley/8626979/carsales-com-drives-into-asia Archived 2013-03-17 at the Wayback Machine , "Carsales.com drives into Asia"
  15. ↑ http://www.theaustralian.com.au/media/carsales-moves-to-229pc-of-icar-asia/story-e6frg996-1226845835921 , "Carsales moves to 22.9% of iCar Asia"
  16. ↑ "Today's announcements". asx.com.au. Archived from the original on 2014-08-12.
  17. ↑ "iCar Asia to acquire Carmudi Indonesia for US$3mil". Digital News Asia. 2019-09-19. Retrieved 2020-09-18.
  18. ↑ "Catcha Group to Launch New Internet TV Platform in Southeast Asia - Business Insider". Business Insider. 2015-03-11. Archived from the original on 2016-04-17. Retrieved 2016-04-28.
  19. ↑ "Tech in Asia - Connecting Asia's startup ecosystem". www.techinasia.com. Retrieved 2016-04-28.
  20. ↑ Ramachandran, Shalini (2016-03-09). "Sky Invests $45 Million in Southeast Asian Streaming Service Iflix". Wall Street Journal. ISSN   0099-9660 . Retrieved 2016-04-28.
  21. ↑ Davies, Jamie (2020-06-29). "Tencent acquires the 'Netflix of Asia'". Telecoms.com. Retrieved 2020-09-18.
  22. ↑ "Frontier Digital Ventures launched; acquires 30% stake in Zameen.com". e27. Retrieved 2016-04-29.
  23. 1 2 Saeedi, Tariq Ahmed. "FDV included in S&P/ASX AII Technology Index - AIM Group" . Retrieved 2024-02-15.
  24. ↑ http://www.digitalmarket.asia/2013/10/catcha-media-berhad-forms-rev-asia-as-one-of-malaysias-largest-digital-media-groups/ Archived 2013-11-01 at the Wayback Machine , "Catcha Media completes subsidiaries merger with Says; forms Rev Asia"
  25. ↑ "Media Prima buys Rev Asia for $24M to create Malaysia's largest digital media platform". TechCrunch. Retrieved 2020-09-18.
  26. ↑ https://www.instahome.com/blog/instahome-launch-as-featured-in-the-press ,"Instahome Blog"
  27. ↑ "Catcha Group nabs Boozebud stake, next shout an IPO". Australian Financial Review. 2021-01-18. Retrieved 2024-02-15.
  28. ↑ "Catcha Investment Corp Announces Pricing of Upsized $275 Million Initial Public Offering". www.businesswire.com. 2021-02-12. Retrieved 2024-02-15.
  29. ↑ http://www.brw.com.au/p/entrepreneurs/catcha_group_patrick_grove_reinventing_kU6LPavK88lp5HG8ngiWtM Archived 2013-12-13 at the Wayback Machine , "Catcha Group's Patrick Grove: reinventing Asia online"
  30. ↑ http://e27.co/3-things-catcha-group-ceo-patrick-grove-looks-out-for-when-investing/ , "We invest only in proven concepts: Patrick Grove, CEO, Catcha Group"
  31. ↑ http://www.brw.com.au/p/entrepreneurs/catcha_group_patrick_grove_reinventing_kU6LPavK88lp5HG8ngiWtM Archived 2013-12-13 at the Wayback Machine , "Catcha Group's Patrick Grove: reinventing Asia online"
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