Founded: April 2015
Shuttered: October 2016 (pivot announced to B2B), business direction changed and rebranded to Posmogo which is no longer active (last post on FB page in February 2019)
Founders: Adlin Yusman, Puvanendren Maniam, Suthenesh Sugumaran
Amount Raised: RM1.8 million (USD500k) from Cradle, KK Fund and an unnamed angel investor in 2015.
A pre-Series A for an undisclosed amount was raised in January 2016 from Japanese fund DeNA, Silicon Valley based Fenox Venture Capital and Singapore based Rimu Group.
Reason for Closure: High transaction fees and being unable to find a business model fit for sustainable revenue.
Over expansion may have also played a part but is my opinion only and not based on solid evidence.
What Remains:
- Vulcan Post – Be Malas: A Service That Gets All Your Chores Done With Just An SMS
- Cradle – Be Malas Brisk Move In Securing Fundings Through Cradles Co-Investment Deal
- TechInAsia – Be Lazee raises $500K to be Magic for Asia
- MalayMail – Be Malas: From brace wax to US$500K funding — in one month
- The Bridge – Koichi Saito’s KK Fund invests in Malaysia-based on-demand delivery startup Be Malas
- Hype.my – #MalaysiaBoleh: 6 M’sian Start-Ups That Offer Services You Never Knew You Needed
- BFM – OPEN FOR BUSINESS – Be Malas
- Digital News Asia – BeLazee raises undisclosed pre-series A
- The Rakyat Post – An ambitious ‘Be Malas’: Malaysian startup enters Vietnamese market, targeting Australia next
- Magic – Bemalas Will Appease Their Lazy Clan With An Upcoming Dedicated App For All Requests
- Digital News Asia – DIGERATI50: Out to make e-commerce ‘conversational’
- TechInAsia – Magic clones in Southeast Asia are dying
- Vulcan Post – Bemalas Promised To Be The Alfred To Our Batman, And Then It Met Malaysians
- Focus Malaysia – Entrepreneurs re-joining the corporate world
Startup Graveyard 