{"id":120,"date":"2021-02-08T00:00:00","date_gmt":"2021-02-08T00:00:00","guid":{"rendered":"https:\/\/markupbackup.wordpress.com\/2021\/07\/21\/durians-daily-187-how-to-make-a-lot-of-money\/"},"modified":"2021-08-03T09:08:18","modified_gmt":"2021-08-03T09:08:18","slug":"durians-daily-187-how-to-make-a-lot-of-money","status":"publish","type":"post","link":"https:\/\/dailymarkup.com\/?p=120","title":{"rendered":"Daily Markup #187: How to make a lot of money? Khailee Ng shares; Malaysian startup to beef up food security to create the next normal; Marketing moves that make the headlines"},"content":{"rendered":"<p><strong>The next big thing<\/strong><\/p>\n<ul>\n<li>\u201cYou can actually make a lot of money by serving a population which doesn\u2019t have that much money,\u201d said <a href=\"https:\/\/khailee.com\/\" target=\"_blank\" rel=\"noopener\">Khailee Ng<\/a>, managing partner at <a href=\"https:\/\/500.co\/\" target=\"_blank\" rel=\"noopener\">500 Startups<\/a>.<\/li>\n<li>In an <a href=\"https:\/\/www.cnbc.com\/2021\/02\/04\/500-startups-advice-for-aspiring-start-ups-and-entrepreneurs-in-asia.html\" target=\"_blank\" rel=\"noopener\">interview<\/a> with CNBC Make It, he elaborated that startups can be too focused on targeting wealthy consumers in advanced economies.<\/li>\n<\/ul>\n<figure class=\"wp-caption\"><img decoding=\"async\" data-width=\"1400\" data-height=\"778\" src=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/img_60f7db8a5f83f.png\"><figcaption class=\"wp-caption-text\">Credit: CNBC International \/\u00a0YouTube<\/figcaption><\/figure>\n<ul>\n<li>He believes there are important\u200a\u2014\u200aand potentially lucrative\u200a\u2014\u200aproblems to be solved in poorer, developing economies.<\/li>\n<li>I definitely think Southeast Asia has stepped into a new phase now, where building start-ups which fall into increasing people\u2019s productivity (will) be the next wave,\u201d he added. \u201cI look forward to seeing more entrepreneurs actually build more companies that can serve the broader populations.\u201d<\/li>\n<\/ul>\n<p><strong>Give and take<\/strong><\/p>\n<ul>\n<li>Hong Leong Bank has awarded 500-backed cloud-based procurement and inventory management platform <a href=\"https:\/\/foodmarkethub.com\/\" target=\"_blank\" rel=\"noopener\">Food Market Hub<\/a> ~US$12,300 to pilot a project addressing food security.<\/li>\n<li>The bank sought to identify startups with innovative digital, adaptable, and sustainable solutions to help Malaysians adapt and thrive in this new normal.<\/li>\n<\/ul>\n<figure class=\"wp-caption\"><img decoding=\"async\" data-width=\"750\" data-height=\"563\" src=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/img_60f7db8af1c6e.jpg\"><figcaption class=\"wp-caption-text\">Credit: Tech in\u00a0Asia<\/figcaption><\/figure>\n<ul>\n<li>The startup recently launched a <a href=\"https:\/\/foodmarkethub.com\/blog\/rm5000-mdec-grant-with-food-market-hub\" target=\"_blank\" rel=\"noopener\">callout<\/a> to players in the food and beverage industry to apply for a ~US$1,200 digitalization grant.<\/li>\n<\/ul>\n<p><strong>Fresh and fashionable<\/strong><\/p>\n<ul>\n<li>Two 500-backed startups, <a href=\"http:\/\/grab.com\" target=\"_blank\" rel=\"noopener\">Grab<\/a> and <a href=\"https:\/\/www.pomelofashion.com\/\" target=\"_blank\" rel=\"noopener\">Pomelo<\/a>, have come together in a <a href=\"https:\/\/www.rli.uk.com\/pomelo-launches-new-grab-fashion-range\/\" target=\"_blank\" rel=\"noopener\">collaboration<\/a> to launch fashion apparel.<\/li>\n<\/ul>\n<figure class=\"wp-caption\"><img decoding=\"async\" data-width=\"1400\" data-height=\"876\" src=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/img_60f7db8b8d3a0.jpg\"><figcaption class=\"wp-caption-text\">Credit: JUICE<\/figcaption><\/figure>\n<ul>\n<li>The designs pay special tribute to Grab\u2019s drivers and delivery partners, who have continued to serve the community throughout the ongoing global pandemic.<\/li>\n<li>More recently, Grab also made the headlines for its <a href=\"https:\/\/www.thedrum.com\/news\/2021\/01\/15\/panasonic-turn-grab-cars-experimental-showrooms-its-products\" target=\"_blank\" rel=\"noopener\">partnership<\/a> with Panasonic.<\/li>\n<li>Across four countries, 5,500 GrabCar Premium vehicles will be showcasing an air purifier that fits into a car cup-holder.<\/li>\n<\/ul>\n<hr>\n<p><strong>Missed out the last Daily Markup? Go <\/strong><a href=\"https:\/\/dailymarkup.com\/\" target=\"_blank\" rel=\"noopener\"><strong>here<\/strong><\/a><strong> to check it out.<\/strong><\/p>\n<p><strong>You can also find us on <\/strong><a href=\"https:\/\/www.linkedin.com\/company\/500-durians\/\" target=\"_blank\" rel=\"noopener\"><strong>LinkedIn<\/strong><\/a><strong>, <\/strong><a href=\"https:\/\/www.facebook.com\/500durians\/\" target=\"_blank\" rel=\"noopener\"><strong>Facebook<\/strong><\/a><strong>, <\/strong><a href=\"https:\/\/twitter.com\/500Startups_SEA\" target=\"_blank\" rel=\"noopener\"><strong>Twitter<\/strong><\/a><strong>, and <\/strong><a href=\"https:\/\/www.instagram.com\/500durians\/?hl=en\" target=\"_blank\" rel=\"noopener\"><strong>Instagram<\/strong><\/a><strong>.<\/strong><\/p>\n<figure><img decoding=\"async\" data-width=\"400\" data-height=\"400\" src=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/img_60f7db8bd929c.jpg\"><\/figure>\n<p>500 Startups is a venture capital firm on a mission to discover and back the world\u2019s 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.<\/p>\n<p><em>This post is intended solely for general informational or educational purposes only. 500 Startups Management Company, L.L.C. and its affiliates (collectively \u201c500 Startups\u201d) 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. Information about portfolio companies\u2019 markets, competitors, performance, and fundraising has been provided by those companies\u2019 founders and has not been independently verified. 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 provide any investment advisory service with regard to securities by 500 Startups. No content or information in this post should be construed as 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. One or more 500 Startups fund may have a financial interest in one or more of the companies discussed.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The next big thing \u201cYou can actually make a lot of money by serving a population which doesn\u2019t have that much money,\u201d said Khailee Ng, managing partner at 500 Startups. In an interview with CNBC Make It, he elaborated that startups can be too focused on targeting wealthy consumers in advanced economies. Credit: CNBC International [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":2078,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[322],"tags":[416,143,333],"class_list":["post-120","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily","tag-food-market-hub","tag-grab","tag-pomelo"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Daily Markup #187: How to make a lot of money? 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