About Beebag
Beebag is a Retail company based in Shah Alam (Malaysia) founded in 2021 by Joshua Lim and Joel Lim. App-based platform offering rewards and cashback. Beebag has raised $100 thousand across 1 funding round from investors including ScaleUp Malaysia. Its chief executive, as recorded, is Joshua Lim. Its focus areas include Coupons and Deals, Rewards & Cashback, Online and Horizontal. Its competitors include Fave, MilkADeal and Doropu; 2 of its 3 listed competitors have raised funding.
Company details
Beebag was established in 2021 in Shah Alam, Malaysia, by co-founders Joshua Lim and Joel Lim. An app-based platform is maintained by the company to facilitate rewards and cashback for users. Transactions with partner merchants are incentivized through this digital service. Operations are conducted in the consumer rewards sector, with a focus on mobile accessibility. The platforms domain, beebag.co, supports user engagement across Malaysia.
- Total Equity Funding$100K (USD)
in 1 rounds
- Latest Funding Round$100K (USD), Seed
Apr 2023
- Investors
Funding Insights of Beebag
Beebag has successfully raised a total of $100K through 1 strategic funding round. The most recent funding activity was a Seed round of $100 thousand completed in April 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $100,000
- Total Rounds 1
- Last Round Seed — $100,000
- First Round $100,000
(Apr 2023)
- Investors Count 1
All 1 funding rounds of Beebag with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2023 | $100,000 | Seed | – | ScaleUp Malaysia | – |
1 investors in total: 1 institutional.
Investors in Beebag
Beebag has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include ScaleUp Malaysia.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
| scaleup.my |
Investor details for Beebag
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People of Beebag
2 people are tracked at Beebag (2 in leadership).
| Name | Role | Group |
|---|---|---|
Joshua Lim | Co-Founder & CEO | Leadership |
Joel Lim | Co-Founder | Leadership |
Complete people profiles for Beebag
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Timeline of Beebag
2 dated milestones of Beebag across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Beebag is founded.
- Funding First funding round of $100K.
Competitors of Beebag
Beebag has 3 listed competitors in our database, 2 of them funded. They include Fave, MilkADeal and Doropu.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| myfave.com | 2015 | Kuala Lumpur, Malaysia | $32M | A lifestyle app for deals and payments in Asia. | ||
| milkadeal.com | 2011 | Kuala Lumpur, Malaysia | $165,000 | Cashback is provided for purchases from partnered stores and websites. | ||
| doropu.com | 2020 | Kuala Lumpur, Malaysia | App-based platform offering discounts and rewards to users. |
Detailed competitors of Beebag
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Related news about Beebag
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Frequently Asked Questions about Beebag
Beebag was founded in 2021 and raised its 1st funding round 2 years after it was founded.
Beebag is headquartered in Shah Alam, Malaysia. It is registered at Shah Alam, Selangor, Malaysia.
Joshua Lim is the CEO of Beebag, as recorded in our data. They have also founded this company.
Beebag is a funded company, having raised a total of $100K across 1 funding round to date. The company's 1st funding round was a Seed of $100K, raised on Apr 2023.
Beebag was established in 2021 in Shah Alam, Malaysia, by co-founders Joshua Lim and Joel Lim. An app-based platform is maintained by the company to facilitate rewards and cashback for users. Transactions with partner merchants are incentivized through this digital service. Operations are conducted in the consumer rewards sector, with a focus on mobile accessibility. The platforms domain, beebag.co, supports user engagement across Malaysia.
Beebag has 1 investor. Key investors include ScaleUp Malaysia.