KUALA LUMPUR, May 2 (Bernama) -- Etesha Sdn Bhd. has raised RM800,000 from Direct Equity 800 (DEQ800) led by Cradle Fund Sdn Bhd (Cradle) for its instant web builder, Instaweb.
 
Instaweb is an automated website builder which creates instant websites from Facebook page instantly. Instaweb has grown to support over 3,000 customers by bootstrapping the business over the years. Partnering with TM Info Media since 2017, the website builder has seen a sharp increase in its user base and subscription.
 
TM Info Media (TMIM) is a subsidiary of Telekom Malaysia Berhad (TM) that provides digital marketing solutions for businesses mainly but not limited for Small Medium Enterprises (SMEs). Their solutions include business directory, website builder, social media and search engine marketing which aim to empower SMEs in Malaysia to grow their business with online platforms.
 
CEO of TM Info Media, Sean Koh Chin Soon said that partnering with startups makes execution smooth and easier as there is less red tape. TM Info Media is pleased to support an impressive Malaysian-made product like Instaweb and sees a long-term partnership with Etesha Sdn Bhd.
 
Issani Isa, CEO of Etesha said that the funding will be utilised to expand Instaweb’s customer base. They are targeting to help 10,000 SMEs to have their own websites. In addition to that, they plan to upgrade the platform, grow the team and improve their services aside from market expansion. Currently, Etesha is working on expanding Instaweb to Australia, Japan and Thailand.
 
He added, “We decided to partner with Cradle after considering their unblemished track record of funding homegrown startups, founder-friendly approach and connection to the Ministry of Finance Malaysia. We are hopeful Cradle can bring attention to the Government about our homegrown solution that has been solving website penetration problem among SMEs in Malaysia at scale.”
 
Kamarul Nizam, who formerly led investments at a telco-backed venture capital fund and Reza Razali, a long-time serial entrepreneur in the digital space, have both lent their weight behind Instaweb as board members. Kamarul said, "Instaweb is a low-cost, high-impact solution that has gained momentum among SMEs wanting to put their brand out on the digital world instantly and without much fuss. I'm convinced this capital infusion will level-up Instaweb's ability to delight their customers."
 
Speaking of the investment in Instaweb, Juliana Jan, Chief Investment Officer of Cradle commented “We believe Instaweb is offering the right solution that caters to all types of businesses. It provides SMEs with a solution that transforms their digital presence with seamless integration with their social media accounts.  As the technology continues to become more ubiquitous, you can expect that this will be the new web building experience.”

The idea of Instaweb started when Issani received many requests from friends to build a website for them. Issani realised he needed a solution that can build multiple websites instantly and also at a very competitive cost. That's when he decided to build the Instaweb platform with his good friend Indera Nordin. It took them a few months to build the engine and after the initial batch of highly satisfied customers, business begins to snowball and the rest is history.
 
More information on Instaweb can be found at www.instaweb.my

For Digital Marketing Solutions : www.instaweb.my/digitalmarketingsolutions 

About ETESHA
 
Etesha Sdn Bhd is a web development company offering full-fledged web, system and application development services. As an innovative solutions provider, it aims to enhance the business growth of their customers and deliver market-defining solutions that create value in a global scale.
 
About Cradle Fund Sdn Bhd (Cradle)
 
Cradle Fund Sdn Bhd (Cradle) is Malaysia's early stage start-up influencer, incorporated under the Ministry of Finance Malaysia (MOF) in 2003 with a mandate to fund potential and high-calibre tech start-ups through its Cradle Investment Programme (CIP). Cradle is presently administered by Ministry of Energy, Science, Technology, Environment and Climate Change (MESTECC).
 
Throughout its 16-years history, Cradle has helped fund over 900 Malaysian tech start-ups and holds the highest commercialisation rate amongst government grants in the country. Having more than a decade of experience in the nation's grant funding scene, Cradle further expanded its role from grant provider to investor through the establishment of its venture arm, Cradle Seed Ventures in 2015 and following its portfolio expansion to equity investment in early 2017, Cradle now offers both funding and investment assistance through its Cradle Investment Programme 300 (CIP300) and Direct Equity 800 (DEQ800).
 
Cradle also runs a market-driven programme to train entrepreneurs and administers the Angel Tax Incentive (ATIO), designed for angel investors to be accorded a tax deduction of up to RM500, 000 to stimulate and encourage angel investments from private sector into technology based start-up companies in Malaysia.
 
Cradle's product offerings are not only restricted to monetary aid, but also include commercialisation support, coaching and various other value-added services to cater today's entrepreneurs' diversified needs.
 
For more information on Cradle, please visit www.cradle.com.my

Source: Cradle Fund Sdn Bhd ​

FOR MORE INFORMATION, PLEASE CONTACT: 
Name: Issani Isa
Tel: +6 03 777 08923/+6 018  258 7768
Email: issani@etesha.com 
Facebook: fb.com/instaweb.my
Website: www.etesha.com/www.instaweb.my 

Name: Saiful Masror
Tel: +6 03 777 08923/+6 017  987 3734
Email: saiful@etesha.com 
Facebook: fb.com/instaweb.my
Website: www.etesha.com/www.instaweb.my

--BERNAMA