About TNG Digital
TNG Digital is a company based in Kuala Lumpur (Malaysia) founded in 1997.. TNG Digital has raised $168.3 million across 2 funding rounds from investors including Lazada and AIA. TNG Digital operates in a competitive market with competitors including YouTrip, among others.
- Headquarter Kuala Lumpur, Malaysia
- Stage Minicorn
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Sectors
Financial Services
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Email
***********
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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
$168.3 M (USD)
in 2 rounds
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Latest Funding Round
$168.3 M (USD), Series A
Jul 25, 2022
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Investors
Lazada
& 1 more
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Employee Count
Employee Count
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Funding Insights of TNG Digital
TNG Digital has successfully raised a total of $168.3M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $168.3 million completed in July 2022. 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 2
- Last Round Series A — $168.3M
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2022 | Amount | Series A - TNG Digital | Valuation | Lazada |
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| Jul, 2021 | Amount | Unspecified - TNG Digital | 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 TNG Digital
TNG Digital has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Lazada and AIA. 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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Multi-category products are sold via an online marketplace platform.
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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 TNG Digital
| 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 - TNG Digital
| 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 |
Tng Digital Comparisons
Competitors of TNG Digital
TNG Digital 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 YouTrip, 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 |
NFC-enabled travel cards and wallets are provided for travelers.
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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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Latest news on Tng Digital
Frequently Asked Questions about TNG Digital
When was TNG Digital founded?
TNG Digital was founded in 1997 and raised its 1st funding round 24 years after it was founded.
Where is TNG Digital located?
TNG Digital is headquartered in Kuala Lumpur, Malaysia.
Who is the current CEO of TNG Digital?
Alan Ni is the current CEO of TNG Digital.
Is TNG Digital a funded company?
TNG Digital is a funded company, having raised a total of $168.3M across 2 funding rounds to date.
What does TNG Digital do?
App-based mobile wallet. Its services include online shopping, travel booking, bill payments, money transfer, toll payments, and QR transit. Users can reload the wallet via online banking, credit or debit cards, or purchase Touch n Go Reload PIN (soft pins) at the Customer Experience Centre. It allows users to keep a track of their expenses. The application is available on Android and iOS platforms.
Who are the top competitors of TNG Digital?
TNG Digital's top competitors include YouTrip.
Who are TNG Digital's investors?
TNG Digital has 2 investors. Key investors include Lazada, and AIA.
What is TNG Digital's valuation?
The valuation of TNG Digital is $673.4M as of Jul 2022.
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