Malaysia: Venue booking startup VMO gets funding from Rhombus Food

Malaysian event venue booking startup VMO Rocks Sdn Bhd is aiming to expand its services to major cities in the country after securing an undisclosed amount in funding from regional food and beverage firm Rhombus Food Holding.

VMO’s portal www.vmo.rocks allows people to book event venues and services for free. The startup claims to have booked close to $169,154 worth of events, with an average of over $966 per booking, over a 15-month period since May 2015.

“We shall be using the investment to upgrade and expand our coverage in the Klang Valley and extend services to major cities such as Penang, Johor Bahru and Melaka,” said VMO chief ‘eventgelist’ Vincent Kok in a press statement.

He added that the move will allow them to grow revenue through helping venue owners to promote their space for the right type of event and connect them with the right clients.

The startup is looking to fill a gap in the events industry by helping people find the perfect space or service for birthdays, corporate launches, weddings and other events.

VMO currently lists over 650 event venues and services, with almost 20 per cent of them being instantly bookable online.

Rhombus Food, the company funding the startup operates popular eateries Rama V, Wondermama and Dancing Fish, among others. VMO generated a steady stream of bookings to their restaurants which led to the funding.

“We see digital channels as a way of extending customer touch points beyond the food hall,” said Rhombus Food Group CEO ThamLih Chung.

Also Read:

India: Jubilant FoodWorks shares fall 8.1% as CEO Ajay Kaul quits

Three Malaysian startups secure funding from Digi Telecom’s first accelerator