About Beebag
Beebag is a company based in Shah Alam (Malaysia) founded in 2021 by Joshua Lim and Joel Lim.. Beebag has raised $100 thousand across 1 funding round from investors including ScaleUp Malaysia. Beebag operates in a competitive market with competitors including Fave, ShopBack, MilkADeal, Doropu and Getex Malaysia, among others.
- Headquarter Shah Alam, Malaysia
- Founders Joshua Lim, Joel Lim
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Sectors
Retail
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$100 K (USD)
in 1 rounds
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Latest Funding Round
$100 K (USD), Seed
Apr 19, 2023
- Investors
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Employee Count
Employee Count
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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 Total Funding
- Total Rounds 1
- Last Round Seed — $100,000
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First Round
First Round
(19 Apr 2023)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2023 | Amount | Seed - Beebag | Valuation | ScaleUp Malaysia |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Beebag
Beebag has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include ScaleUp Malaysia. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Beebag
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Beebag
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Beebag Comparisons
Competitors of Beebag
Beebag operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Fave, ShopBack, MilkADeal, Doropu and Getex Malaysia, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
A lifestyle app for deals and payments in Asia.
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| domain | founded_year | HQ Location |
Online platform offering rewards and cashback for multi-category products
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| domain | founded_year | HQ Location |
Cashback is provided for purchases from partnered stores and websites.
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| domain | founded_year | HQ Location |
App-based platform offering discounts and rewards to users.
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| domain | founded_year | HQ Location |
Getex Malaysia functions as an online deals aggregator and discovery platform for consumers.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Beebag
When was Beebag founded?
Beebag was founded in 2021 and raised its 1st funding round 2 years after it was founded.
Where is Beebag located?
Beebag is headquartered in Shah Alam, Malaysia. It is registered at Shah Alam, Selangor, Malaysia.
Who is the current CEO of Beebag?
Joshua Lim is the current CEO of Beebag. They have also founded this company.
Is Beebag a funded 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 19, 2023.
What does Beebag do?
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.
Who are the top competitors of Beebag?
Who are Beebag's investors?
Beebag has 1 investor. Key investors include ScaleUp Malaysia.
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