Daily Markup #16: How the fashion industry deals with Covid-19 and more charity amongst startups

Happy Friday!

Siti Nurhaliza x Kitafund

  • Malaysia’s most famous songstress has linked up with 500-backed Kitafund, to help medical professionals at the forefront of the coronavirus pandemic.
Credit: Siti Nurhaliza Facebook
  • The humanitarian fund aims to raise an initial RM50,000. There are three categories in the fund: Peduli (Care), Kemanusiaan (Humanity) and Prihatin (Concern). At the time of writing, the campaign has received RM31,297.
  • If you want to donate, go here.

Grab vouchers for students

  • About 12,000 students from low-income families are receiving financial aid for buying meals during Singapore’s circuit breaker.
  • Under the CDC Students Meal Scheme, each eligible student is given 11 e-vouchers to order and pick up meals via the GrabFood app.
  • Besides that, 500-backed Grab is also donating S$60,000 to the scheme.

The fashion world, post-coronavirus

  • The fashion industry is bearing the brunt of this crisis. How will it bounce back?
  • Omnilytics, the 500-backed fashion analytics platform based in Malaysia, has released a comprehensive report focusing on concrete steps retail owners can take to safeguard their businesses during this period.
Photo by Lauren Fleischmann on Unsplash
  • Topics covered include: How to develop a business continuity plan, developing strategies to strengthen and secure and more.
  • The full report can be downloaded here.

And folks, remember to stay safe, stay healthy and keep your body temperatures in check. Like this:


Stay tuned to the next Daily Markup on Monday! If you want a recap of this week’s Daily Markup, go here.

You can also find us on LinkedIn, Facebook, Twitter, and Instagram.

500 Startups is a venture capital firm on a mission to discover and back the world’s most talented entrepreneurs, help them create successful companies at scale, and build thriving global ecosystems. In Southeast Asia, 500 Startups invests through the pioneering 500 Southeast Asia family of funds. The 500 Southeast Asia funds have backed over 240 companies across multiple sectors from internet to consumer to deep technology. It continues to connect founders with capital, expertise and powerful regional and global networks to help them succeed.

This post is intended solely for general informational or educational purposes only. 500 Startups Management Company, L.L.C. and its affiliates (collectively “500 Startups”) makes no representation as to the accuracy or information in this post and while reasonable steps have been taken to ensure that the information herein is accurate and up-to-date, no liability can be accepted for any error or omissions. All third party links in this post have not been independently verified by 500 Startups and the inclusion of such links should not be interpreted as an endorsement or confirmation of the content within. Under no circumstances should any content in this post be construed as investment, legal, tax or accounting advice by 500 Startups, or an offer to sell or solicitation of interest to purchase any securities advised by 500 Startups. Prospective investors considering an investment into any 500 Startups fund should not consider or construe this content as fund marketing material. The views expressed herein are as at the date of this post and are subject to change without notice. A 500 Startups fund may have a financial interest in one or more of the companies discussed.



Daily Markup