Malaysia’s FanXT Wins Asia Level Business Competition in New Delhi, India

MARCH 2, 2012 – FanXT has made Jalur Gemilang flying high in the land of India by emerging as the champion at the TiE Global All Asia Business Plan Competition (AABPC) in New Delhi beating over 1200 participants all over Asia Pacific and 34 other teams on Saturday, 11th February 2012. FanXT is a fantasy sports brand created by Just Mobile Sdn Bhd, a Malaysian technology company.

FanXT presented a winning business plan on a fantasy sports game which aims to be the worldwide leader in fantasy sports.This year’s first annual competition brought in over 1,200 applications from 13 participating chapters from across the world. The All-Asia Finals took place February 10-11th in New Delhi, India. The competition began with a semi-final round consisting of 33 teams presenting to 2 distinguished panels of judges and were narrowed down to six. On the second day during the final round, these six teams presented to a new jury. One of the main judges is Gautam Gandhi, New Business Development at Google.

On the success of the event and congratulating the teams, Mr. PK Agarwal, CEO, TiE Global, said “It is rewarding and exciting to see the enormous talent being generated in Asia. We witnessed, first hand, the making of the Asian Century.”

FanXT team who presented an excellent and promising business plan emerged as the winner and was presented with the Asia Rising Star award of Rs. 1 lakh (approx. RM 6,000) and also guaranteed a place at the Rice University Business Plan Competition on April 12-14, 2012 with all paid expense. It is the largest and richest business plan competition in the world, hosted at Rice University in Houston, Texas.

This event was organised by TiE New Delhi, one the most active TiE chapters around the world. “We would like to congratulate TiE New Delhi on organising such a momentous competition and being the first to win this competition, we could not have asked for more”, said the founder of FanXT, Melvin Wong.