Asia Digest: Founders buy out Macrokiosk Group; Thai incubator’s new cohort

Photo by Micheile Henderson on Unsplash

Asia-based digital technology company Macrokiosk founders have completed the acquisition of shares from Japan’s GMO Internet Group’s unit while Bangkok-based incubator and accelerator programme SPACE-F is now calling for food tech startups in the Southeast Asia region to apply for its 2020 batch.

Goh brothers acquire 100% of Macrokiosk Group

Asia-based digital technology company Macrokiosk has completed the acquisition of the remaining equities of Macrokiosk not already owned by the founders from Japan’s GMO Internet Group’s unit, GMO Payment Gateway Inc (GMO-PG), for an undisclosed sum.

According to an announcement, through the acquisition, founders Kenny Goh, Henry Goh and C.S. Goh obtain full ownership and control of Macrokiosk Group.

“With full control of Macrokiosk Group, we begin a new chapter. We will rev up efforts to aggressively maintain our revenue growth trajectory and boost profitability while remaining agile and focused on delivering real value to our clients,” said co-founder C.S. Goh. 

Thai incubator SPACE-F announces new food tech programme

Bangkok-based incubator and accelerator programme SPACE-F is now calling for food tech startups in the Southeast Asia region to apply for its 2020 batch, according to an announcement.

SPACE-F aims to create future economic warriors who are dedicated to increasing access to better, safer and more nutritious foods, future-proofing the global food supply chain by engaging deep tech as a tool for sustainable businesses.

SPACE-F’s founders – NIA, Thai Union PLC and Mahidol University – have partnered with ThaiBev, a leading total beverage player in ASEAN.

Joining this programme, startups will be supported by Betagro and Deloitte, ensuring startups benefit from working with leading corporates along the food supply chain. Each startup will receive a US$4,750-12,600 grant over the course of the programme, and can additionally apply for startup funding from SPACE-F’s corporate venture capital fund, which finances up to US$15,800 to help businesses kick off in Thailand.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.