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Daily Markup #10: Grab’s online Ramadan Bazaar, MyCashOnline fundraises for migrant workers, and…

500 Southeast Asia Team



Help continues to pour in for Covid-19 relief.

500-backed Grab helps out this Ramadan

  • Malaysia’s Movement Control Order (MCO) has put many events on hold — including this year’s Ramadan Bazaar for selected states including Selangor.
  • With Grab’s assistance, the Selangor state government is shifting this year’s bazaar digital.
Credit: Grab
  • Simply called “E-Bazar Ramadan Selangor Grab”, it allows purchases through Grab’s app so you can still enjoy your Ramadan favorites from the comfort of your own home.

How is the coronavirus affecting consumer habits in Indonesia?

  • What have Indonesians been buying since the Covid-19 outbreak? Unsurprisingly, health and hygiene products.
  • Referencing a survey by Mobile Marketing Association (MMA) and SurveySerum, The Jakarta Post reports that 84% of respondents are also doing more handwashing, in line with the uptick of demand for healthcare goods.

500-backed MyCashOnline helps migrant workers

500-backed Aerodyne invests in Middle Eastern drone company

  • Aerodyne, a leading drone-solutions company, announced a strategic investment in FEDS Group Holdings from the Middle East.
  • The move will help Aerodyne’s expansion into the region, CEO Kamarul A Muhamed said in a statement quoted by The Edge Markets.


  • How can a founder train their mind to rise above any crisis?
  • If the graph below is of any indication, it’s a roller coaster ride.
Credit: NFX
  • But like traversing a windy road in a manual car, knowing when and how to shift gears mentally is the difference.
  • By culminating observations of CEOs and leaders, this timely piece by NfX gives you valuable insights on managing unstable periods.

Stay tuned to tomorrow’s Daily Markup! 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.

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500 Southeast Asia Team