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Bateriku’s 10 Year Journey to RM95m Business
Manage episode 415209089 series 2926381
Content provided by BFM Media. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by BFM Media or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Founded in 2014, Bateriku.com wants to list in 2027, hit revenue of RM170 million in 2024, and continue to expand its margins and profitability.
On this episode of Open For Business, we speak to Founder and CEO Azarol Faizi about the 10 years journey and how his previous OEM business led to Bateriku.com, the evolution from car battery replacement service to an ecosystem, its plans for growth and how to expand margins, how the funds raised will be used, and its 2027 IPO aims.
Bateriku.com started as an on-demand car battery replacement service provider in Malaysia and has evolved into an ecosystem that connects car users to roadside assistance, trusted workshops, auto parts marketplace and ancillary services.
The company has served close to 1.5 million car owners and made RM95 million revenue in 2023, clocking in double-digit EBITDA and single-digit Profit After Tax (PAT). Bateriku expects to hit RM170 million this year.
Announced on April 1st, Bateriku.com successfully raised RM10.1 million in funding through a joint investment by VentureTECH and VentureTECH SBI, as part of a RM37 million funding round. Other investors for this round include KWAP and Gobi Partners. This was only their second round in 10 years of business. The first external funding round was an RM10 million round in 2022 from Malaysian Technology Development Corporation (MTDC), a wholly-owned subsidiary of Khazanah Nasional Berhad.
See omnystudio.com/listener for privacy information.
100 episodes
Share
Manage episode 415209089 series 2926381
Content provided by BFM Media. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by BFM Media or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Founded in 2014, Bateriku.com wants to list in 2027, hit revenue of RM170 million in 2024, and continue to expand its margins and profitability.
On this episode of Open For Business, we speak to Founder and CEO Azarol Faizi about the 10 years journey and how his previous OEM business led to Bateriku.com, the evolution from car battery replacement service to an ecosystem, its plans for growth and how to expand margins, how the funds raised will be used, and its 2027 IPO aims.
Bateriku.com started as an on-demand car battery replacement service provider in Malaysia and has evolved into an ecosystem that connects car users to roadside assistance, trusted workshops, auto parts marketplace and ancillary services.
The company has served close to 1.5 million car owners and made RM95 million revenue in 2023, clocking in double-digit EBITDA and single-digit Profit After Tax (PAT). Bateriku expects to hit RM170 million this year.
Announced on April 1st, Bateriku.com successfully raised RM10.1 million in funding through a joint investment by VentureTECH and VentureTECH SBI, as part of a RM37 million funding round. Other investors for this round include KWAP and Gobi Partners. This was only their second round in 10 years of business. The first external funding round was an RM10 million round in 2022 from Malaysian Technology Development Corporation (MTDC), a wholly-owned subsidiary of Khazanah Nasional Berhad.
See omnystudio.com/listener for privacy information.
100 episodes
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Wharton faculty and industry leaders discuss their latest research, books, and relevant business topics. Hosted on Acast. See acast.com/privacy for more information.
…
continue reading
NPR's Up First is the news you need to start your day. The three biggest stories of the day, with reporting and analysis from NPR News — in 10 minutes. Available weekdays at 6:30 a.m. ET, with hosts Leila Fadel, Steve Inskeep, Michel Martin and A Martinez. Also available on Saturdays at 9 a.m. ET, with Ayesha Rascoe and Scott Simon. On Sundays, hear a longer exploration behind the headlines with Ayesha Rascoe on "The Sunday Story," available by 8 a.m. ET. Subscribe and listen, then support y ...
…
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Each weekday, Marketplace’s Kai Ryssdal and Kimberly Adams make today make sense. Along with our supersmart listeners, we break down happenings in tech, the economy and culture. Every Tuesday we bring on a guest to dive deeper into one important topic. Because none of us is as smart as all of us.
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continue reading
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…
continue reading
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…
continue reading
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continue reading
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continue reading
The news you know, the science you don’t. Unexpected Elements looks beyond everyday narratives to discover a goldmine of scientific stories and connections from around the globe. From Afronauts, to why we argue, to a deep dive on animal lifespans: see the world in a new way.
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