{"id":847,"date":"2020-10-28T00:00:00","date_gmt":"2020-10-28T00:00:00","guid":{"rendered":"https:\/\/markupbackup.wordpress.com\/2021\/07\/21\/durians-daily-119-malaysias-tableapp-gets-acquired-by-taiwan-based-funnow-hipflat-joins-dot\/"},"modified":"2021-07-23T07:40:12","modified_gmt":"2021-07-23T07:40:12","slug":"durians-daily-119-malaysias-tableapp-gets-acquired-by-taiwan-based-funnow-hipflat-joins-dot","status":"publish","type":"post","link":"https:\/\/dailymarkup.com\/?p=847","title":{"rendered":"Daily Markup #119: Malaysia\u2019s TABLEAPP gets acquired by Taiwan-based FunNow; Hipflat joins Dot\u2026"},"content":{"rendered":"<figure><img decoding=\"async\" data-width=\"490\" data-height=\"528\" src=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/1urb00X5z3Gc8EM2HrbmaOA.png\"><\/figure>\n<p><strong>Improving hospitality tech<\/strong><\/p>\n<ul>\n<li>500-backed real-time online restaurant booking website TABLEAPP has officially been <a href=\"https:\/\/e27.co\/funnow-acquires-tableapp-to-enable-malaysias-restaurants-to-sell-their-empty-tables-at-the-last-minute-20201028\/\" target=\"_blank\" rel=\"noopener\">acquired<\/a> by Taiwan\u2019s FunNow for an undisclosed amount.<\/li>\n<li>The fusion of both companies will uplift online reservation experiences in the region to be more seamless and efficient, said Philip Ting, founding partner and Head of Southeast Asia of FunNow.<\/li>\n<li>\u201cThis acquisition of TABLEAPP aligns with FunNow\u2019s mission of creating more memorable experiences, a big part which is for users to be spontaneous before enjoying what lies ahead through a powerful reservation platform within their mobile devices.\u201d<\/li>\n<\/ul>\n<figure class=\"wp-caption\"><img decoding=\"async\" data-width=\"606\" data-height=\"470\" src=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/img_60f7da48b6918.png\"><figcaption class=\"wp-caption-text\">Credit: The\u00a0Star<\/figcaption><\/figure>\n<ul>\n<li>Based out of Taiwan, FunNow is known for helping users find last-minute entertainment in various cities throughout Asia, and counts the Alibaba Entrepreneur Fund and CSV Venture Fund as its strategic investors.<\/li>\n<li>Meanwhile, TABLEAPP, has seated over 6.3 million diners since launching in 2013.<\/li>\n<li>Leveraging FunNow\u2019s expertise, TABLEAPP founder and chief executive officer Benson Chang believes they can provide patrons and restaurants with an end-to-end solution that aims to fuel the F&amp;B industry further into digitalization.<\/li>\n<li>\u201cWe are the leading provider of online restaurant reservations in Malaysia while FunNow offers users the best price points on lifestyle activities,\u201d Benson added.<\/li>\n<li>Benson will act as Malaysia director and head the operations of the combined platform, with the rest of the <a href=\"https:\/\/www.tableapp.com\/\" target=\"_blank\" rel=\"noopener\">TABLEAPP<\/a> team joining the FunNow office in Kuala Lumpur.<\/li>\n<\/ul>\n<p><strong>Proptech boom in Thailand<\/strong><\/p>\n<ul>\n<li>500-backed property listing portal <a href=\"https:\/\/www.hipflat.com\/\" target=\"_blank\" rel=\"noopener\">Hipflat<\/a> has joined the Dot Property family in an acquisition for an undisclosed amount.<\/li>\n<li>Hipflat is the 13th website to join Dot Property\u2019s group, which already has a presence in Southeast Asia operating property portals and complimentary offline media.<\/li>\n<li>In Thailand, the group has been experiencing positive growth over the past few years. According to <a href=\"https:\/\/e27.co\/dot-property-acquires-hipflat-to-further-penetrate-into-thai-proptech-market-20201026\/\" target=\"_blank\" rel=\"noopener\">e27<\/a>, the number of visits to its English and Thai websites rose by 71% while enquiries increased by 63%.<\/li>\n<\/ul>\n<figure class=\"wp-caption\"><img decoding=\"async\" data-width=\"687\" data-height=\"391\" src=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/img_60f7da4931c52.png\"><figcaption class=\"wp-caption-text\">Credit: e27<\/figcaption><\/figure>\n<ul>\n<li>Hipflat, launched in 2013, has more than 200,000 property listings from all over the Kingdom through its English, Japanese, Thai, and Russian language websites.<\/li>\n<li>\u201cThis is an amazing opportunity to build upon our success as part of Southeast Asia\u2019s fastest growing real-estate marketplace. The real winners here are Hipflat clients and users who will now enjoy improved support and a better overall experience,\u201d said Denis Nemtsev, CEO of Hipflat.<\/li>\n<\/ul>\n<p><strong>Grassroots ambassadors<\/strong><\/p>\n<ul>\n<li>Around <a href=\"https:\/\/www.marketing-interactive.com\/sarawak-tourism-board-aims-to-turn-1000-grab-drivers-into-tourism-ambassadors\" target=\"_blank\" rel=\"noopener\">1,000<\/a> ride-hailing drivers in Sarawak, Malaysia will be enlisted into a tourism campaign jointly run by 500-backed <a href=\"https:\/\/www.grab.com\/my\/\" target=\"_blank\" rel=\"noopener\">Grab<\/a> and the Sarawak Tourism Board.<\/li>\n<li>The chosen drivers will take part in e-learning modules covering Sarawak\u2019s heritage and culture, and tourist attractions.<\/li>\n<li>The modules will be conducted on Axonify, under the Grab Academy.<\/li>\n<\/ul>\n<figure class=\"wp-caption\"><img decoding=\"async\" data-width=\"800\" data-height=\"455\" src=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/img_60f7da49896e5.jpg\"><figcaption class=\"wp-caption-text\">Credit: Marketing Interactive<\/figcaption><\/figure>\n<ul>\n<li>Sarawak is the first state in Malaysia to engage ride-hailing drivers for tourism campaigns.<\/li>\n<li>\u201cDrivers are usually the first contact with tourists upon their arrival, and during their time exploring tourist attractions and destinations. Hence, it is extremely important that they have good knowledge of major routes, attractions and destinations,\u201d said Abdul Karim Rahman Hamzah, who is the Minister of Tourism, Arts and Culture Sarawak.<\/li>\n<li>Apart from driver-centric modules, the Grab Academy also <a href=\"https:\/\/dailymarkup.com\/\/durians-daily-115-with-over-20-modules-grabs-merchant-academy-trains-entrepreneurs-to-grow-db00419ed5ca\" target=\"_blank\" rel=\"noopener\">meets the needs<\/a> of its merchants at different growth stages. These courses focus on digitization, business owners can learn project management, online marketing, menu optimization, and more.<\/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_60f7da49d7437.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<h3><a href=\"https:\/\/dailymarkup.com\/?source=post_sidebar--------------------------post_sidebar-----------\" target=\"_blank\" rel=\"noopener\">500 Durians<\/a><\/h3>\n<h4>Born in Silicon Valley. Raised in Southeast Asia.<\/h4>\n<p>Following<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Improving hospitality tech 500-backed real-time online restaurant booking website TABLEAPP has officially been acquired by Taiwan\u2019s FunNow for an undisclosed amount. The fusion of both companies will uplift online reservation experiences in the region to be more seamless and efficient, said Philip Ting, founding partner and Head of Southeast Asia of FunNow. \u201cThis acquisition of [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[322],"tags":[143,458,403],"class_list":["post-847","post","type-post","status-publish","format-standard","hentry","category-daily","tag-grab","tag-hipflat","tag-tableapp"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Daily Markup #119: Malaysia\u2019s TABLEAPP gets acquired by Taiwan-based FunNow; Hipflat joins Dot\u2026 - Markup<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dailymarkup.com\/?p=847\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Daily Markup #119: Malaysia\u2019s TABLEAPP gets acquired by Taiwan-based FunNow; Hipflat joins Dot\u2026 - Markup\" \/>\n<meta property=\"og:description\" content=\"Improving hospitality tech 500-backed real-time online restaurant booking website TABLEAPP has officially been acquired by Taiwan\u2019s FunNow for an undisclosed amount. The fusion of both companies will uplift online reservation experiences in the region to be more seamless and efficient, said Philip Ting, founding partner and Head of Southeast Asia of FunNow. \u201cThis acquisition of [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/dailymarkup.com\/?p=847\" \/>\n<meta property=\"og:site_name\" content=\"Markup\" \/>\n<meta property=\"article:publisher\" content=\"http:\/\/facebook.com\/500southeastasia\" \/>\n<meta property=\"article:published_time\" content=\"2020-10-28T00:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-07-23T07:40:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/1urb00X5z3Gc8EM2HrbmaOA.png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Felicia Chia\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/dailymarkup.com\/#website\",\"url\":\"https:\/\/dailymarkup.com\/\",\"name\":\"Markup\",\"description\":\"Serving bite-sized news on 500 Southeast Asia&#039;s portfolio companies and insights to fuel your momentum in life and business.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/dailymarkup.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/dailymarkup.com\/?p=847#primaryimage\",\"url\":\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/1urb00X5z3Gc8EM2HrbmaOA.png\",\"contentUrl\":\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/1urb00X5z3Gc8EM2HrbmaOA.png\",\"width\":490,\"height\":528},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/dailymarkup.com\/?p=847#webpage\",\"url\":\"https:\/\/dailymarkup.com\/?p=847\",\"name\":\"Daily Markup #119: Malaysia\u2019s TABLEAPP gets acquired by Taiwan-based FunNow; Hipflat joins Dot\u2026 - Markup\",\"isPartOf\":{\"@id\":\"https:\/\/dailymarkup.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/dailymarkup.com\/?p=847#primaryimage\"},\"datePublished\":\"2020-10-28T00:00:00+00:00\",\"dateModified\":\"2021-07-23T07:40:12+00:00\",\"author\":{\"@id\":\"https:\/\/dailymarkup.com\/#\/schema\/person\/9500d05faff850f12de850d9051b7b67\"},\"breadcrumb\":{\"@id\":\"https:\/\/dailymarkup.com\/?p=847#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/dailymarkup.com\/?p=847\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/dailymarkup.com\/?p=847#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/dailymarkup.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Daily Markup #119: Malaysia\u2019s TABLEAPP gets acquired by Taiwan-based FunNow; Hipflat joins Dot\u2026\"}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/dailymarkup.com\/#\/schema\/person\/9500d05faff850f12de850d9051b7b67\",\"name\":\"Felicia Chia\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/dailymarkup.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/b574d076fbdac43064ec75a7d589d309319c819283cc558025e0ef88192ee849?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/b574d076fbdac43064ec75a7d589d309319c819283cc558025e0ef88192ee849?s=96&d=mm&r=g\",\"caption\":\"Felicia Chia\"},\"url\":\"https:\/\/dailymarkup.com\/?author=7\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Daily Markup #119: Malaysia\u2019s TABLEAPP gets acquired by Taiwan-based FunNow; Hipflat joins Dot\u2026 - Markup","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/dailymarkup.com\/?p=847","og_locale":"en_US","og_type":"article","og_title":"Daily Markup #119: Malaysia\u2019s TABLEAPP gets acquired by Taiwan-based FunNow; Hipflat joins Dot\u2026 - Markup","og_description":"Improving hospitality tech 500-backed real-time online restaurant booking website TABLEAPP has officially been acquired by Taiwan\u2019s FunNow for an undisclosed amount. 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