Catcha Group
Catcha Group is an international Internet group founded by entrepreneur Patrick Grove. The Group controls a number of publicly listed and private media, new media, online classifieds and e-commerce businesses, and is one of the largest investors in the digital sector in emerging markets, notably ASEAN. Catcha Group and its related entities have completed over 50 investments either directly or indirectly, as sole, majority or minority shareholders. Since inception, Catcha Group has completed a number of transactions with a total of six IPOs in fourteen years, including the 2007 listing of iProperty Group on the Australian Securities  Exchange, REV Asia Berhad (previously Catcha Media Berhad) on Bursa Malaysia in 2011, and the subsequent IPOs of iCar Asia in 2012, Ensogo (previously iBuy Group) in 2013 and Frontier Digital Ventures in 2016; all three on the Australian Securities Exchange. In February 2021, the Group listed a blank check company, Catcha Investment Corp, on the NYSE. The company raised $300m in gross proceeds in their initial public offering to target technology businesses in Southeast Asia and Australia. Portfolio. Some of the notable companies started or invested by Catcha Group include: Investment strategy. Focusing on investments within the  online sector, Catcha Group’s investment strategy involves looking at ideas that have worked in more mature markets and looking at how they can be brought to emerging markets, particularly Southeast Asia. In an interview with e27.co, Catcha Group's Group CEO Patrick Grove has said “We like to bet on ideas where the concept is already proven. Our only risk is execution risk, we don’t like to bet on idea risk.” Two further pillars of the Group's investment strategy include the use of mergers & acquisitions as a driver of growth and the public markets as a vehicle  for this. Speaking in an interview with BRW, Patrick Grove was quoted as saying: “In an industry that moves so fast, the way to get market share fast is to acquire rather than start from scratch." Today, Catcha Group focuses on providing growth equity and mentorship to tech entrepreneurs looking to take their companies public, leveraging the Group’s public markets and corporate transactions experience.