About Favful
Favful is a company based in Kuala Lumpur (Malaysia) founded in 2015 was acquired by iMEDIA in July 2021.. Favful has raised $600 thousand across 3 funding rounds from investors including iMEDIA, Gobi Partners and K-Startup Grand Challenge.
- Headquarter Kuala Lumpur, Malaysia
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Sectors
Healthcare
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Email
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Phone
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Website
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Social
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Funding Insights of Favful
Favful has successfully raised a total of $600K across 3 strategic funding rounds. The most recent funding activity was a Seed round of $500 thousand completed in November 2016. 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 3
- Last Round Seed — $500,000
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First Round
First Round
(19 Feb 2016)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2016 | Amount | Seed - Favful | Valuation | Gobi Partners |
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| Jun, 2016 | Amount | Grant - Favful | Valuation |
investors |
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| Feb, 2016 | Amount | Seed - Favful | Valuation |
investors |
| 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 Favful
Favful has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include iMEDIA, Gobi Partners and K-Startup Grand Challenge. 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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Venture capital firm investing in early-stage tech startups
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Founded Year | Domain | Location | |
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Sector-agnostic acceleration is provided to startups through global programs.
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Founded Year | Domain | Location | |
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Tech focused VC firm investing in seed stage startups in Asia
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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 Favful
| 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 - Favful
| 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 |
Favful Comparisons
Competitors of Favful
| 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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Latest news on Favful
Frequently Asked Questions about Favful
When was Favful founded?
Favful was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is Favful located?
Favful is headquartered in Kuala Lumpur, Malaysia.
Is Favful a funded company?
Favful is a funded company, having raised a total of $600K across 3 funding rounds to date. The company's 1st funding round was a Seed of $100K, raised on Feb 19, 2016.
What does Favful do?
Favful was founded in 2015 in Kuala Lumpur, Malaysia, as a platform in the beauty and health sector. Community-driven recommendations for beauty products are facilitated via user reviews and ratings. Price comparisons across merchants are provided to assist purchasing decisions. Beauty tips are curated for users, while the latest news on industry trends is compiled to inform subscribers on developments in beauty and health.
Who are Favful's investors?
Favful has 5 investors. Key investors include iMEDIA, Gobi Partners, K-Startup Grand Challenge, SEGNEL Ventures, and 500 Global.