Dealmates Signs Investment Agreement with Intel Capital

Investment to help accelerate development and growth of Dealmates

KUALA LUMPUR, Malaysia, 8 September 2011 – Dealmates, one of Malaysia’s fast-growing group-buying sites, announced today that Intel Capital, Intel’s global investment organization, has signed an agreement to invest in Dealmates, subject to the satisfaction of closing conditions. The investment will be used to support Dealmates’ growth plans and help achieve the company’s goal of becoming one of Malaysia’s leading group-buying companies.

Deepak Natarajan and Erman Akinci shaking hands to commemorate the recent agreement between Dealmates and Intel Capital.

"The investment from Intel Capital reflects Dealmates’ strong position in Malaysia’s group-buying market," said Erman Akinci, Chief Executive Officer for Dealmates. “Working with Intel Capital will help us build on our success to date and continue to grow Malaysia’s e-commerce industry. Intel is a global technology leader and we hope to tap into this tremendous pool of expertise to help ensure an additional edge for Dealmates in the group-buying space.”

Dealmates was started as a joint venture between Catcha Group Pte Ltd one of ASEAN’s leading media investment firms and Mindvalley Labs Sdn Bhd, a world leader in Internet marketing. The company was set up to capitalize on Malaysia’s fast growing group-buying space. Dealmates offers group-buying opportunities to customers by negotiating discounts from a variety of consumer and lifestyle companies. These deals generally require a minimum number of purchases to be activated, thus encouraging customers to share them with family and friends. Dealmates’ group-buying site allows vendors to use e-commerce as a marketing channel to reach new potential customers for their business.

“Ecommerce offers an important long-term growth opportunity for driving increased broadband and PC usage. This investment in Dealmates further demonstrates Intel Capital’s commitment to foster innovation in Malaysia and promote technology as a key engine for economic growth,” said Sudheer Kuppam, Managing Director, Asia-Pacific, at Intel Capital.

The investment from Intel Capital supports Dealmates’ efforts to offer a wider variety of deals from more companies. In addition, Dealmates plans to use the investment to introduce new technologies that improve the quality of its group-buying campaigns and provide better services for both consumers and vendors.

Dealmates has seen a steady increase in sales and registered users since launching its website earlier this year, thanks largely to the quality group-buying deals that it offers. Dealmates reached the 100,000 user mark in May 2011, after three months in operation. The company also reached a new revenue milestone during the second quarter, with a monthly turnover of RM800,000.

Dealmates 与 Intel Capital 签署投资协议

该资金有助加速Dealmates之发展和成长

吉隆坡 9 月 8 日讯 - Dealmates，即 马来西亚其中一个成长迅速的团购网站，今天宣布，Intel 的全球投资组织 Intel Capital，已经签署一项投资于 Dealmates 的协议，目前等待履行交割条件。这项投资将充作支援 Dealmates 之扩展计划用途，并协助该公司实现成为马来西亚其中一家顶尖团购公司的目标。

据 Dealmates 首席执行长 Erman Akinci 透露，"能够吸引 Intel Capital，即科技创业资金领域的全球巨擘进行投资，反映了 Dealmates 在马来西亚团购市场的竞争优势。与 Intel Capital 携手合作将有助本公司强化在马来西亚团购市场的地位，同时协助我们实现崛起为国内顶尖团购网站之一的目标。"

Dealmates 通过向各消费品和生活姿彩公司进行争取谈判而献予顾客们团购良机。这些交易一般上需要最低的消费次数始终能启动，因此，该公司鼓励顾客与亲朋戚友分享。Dealmates 的团购网站也让供应商有机会以电子商务作为一个接触潜在新顾客的行销管道。

"电子商务为推动更广泛的宽频和个人电脑运用提供一个重要的长期成长机会。投资于 Dealmates 进一步显示 Intel Capital 致力在马来西亚促进创新和推广科技作为经济成长的主要动力。" Intel Capital 的亚洲太平洋董事经理 Sudheer Kuppam 如是透露。

Intel Capital 所投入的资金可让 Dealmates 加紧呈献来自更多公司的系列更广泛优惠。除此之外，Dealmates 计划运用该资金来推介新科技，以改善其团购活动的素质，同时为该公司的消费人和供应商提供更佳服务。

自从在今年初推介其网站以来，Dealmates 的营业额和注册用户人数直线上升，这主要可归功于它所呈献的高素质团购优惠。在 2011 年 5 月，即营业三个月后，Dealmates 的用户已增至 100,000 人。该公司也在第二季度缔造新的营业额里程碑，即取得 RM800,000 的每月营业额。