#Asia 1337 Ventures invests in Philippine startups Pas Pas, Fresk2Ket, iMpok


The Malaysian accelerator plans to introduce its pre-accelerator programme in Indonesia in January next year and later in Thailand and Vietnam

1337 ventures

Winning teams of 1337 Venture’s pre-accelerator programme

Malaysia-based 1337 Ventures has invested in three Philippines-based startups through its recently-launched Alpha Startups pre-accelerator programme in Cebu.

The three startups that would receive funding are Pas Pas — a last-mile delivery service based on a text message; Fresk2Ket — a marketplace to connect farmers directly to restaurants and other businesses; and iMpok — a cash deposit and micro-financing platform for schools.

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The three teams were picked from the 11 startups pitched in the final demo day at the Alpha Startups PH pre-accelerator programme that had seen close to 100 applicants.

“We have been expanding into countries where 1337’s sister company iTrain has presence in. iTrain goes in and introduces technical training content via our training and university partners. 1337 follows in closely after to develop the entrepreneurial talent,” said Bikesh Lakhmichand, CEO of 1337 Ventures.

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1337 Ventures has introduced Alpha Startups in Malaysia, Singapore and the Philippines while doing lighter fintech initiatives in Indonesia and Thailand. The accelerator plans to introduce its 5-day Alpha Startups pre-accelerator programme in Indonesia by January 2016, before potentially bringing it to Thailand and Vietnam.

1337 Ventures is an early-stage investor in new and existing startups. Earlier this year, it struck a partnership with Maybank to find top fintech startup talent from around the region.

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The accelerator had started with a focus on mobile gaming apps and yielding 10 successful alumni, it has since diversified to covering areas such as retail analytics, indoor positioning systems, wearable tech, and proximity marketing.

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