Malaysia's iMedia acquires 100% stake in Favful beauty e-commerce platform

iMedia has made 6 acquisitions in the past 12 months.


Alfred Lee

5 Jul, 2021

Malaysia's iMedia acquires 100% stake in Favful beauty e-commerce platform | BEAMSTART News

- From our Sponsors -

iMedia, a digital media group from Malaysia, has just acquired beauty e-commerce platform and influencer marketing company, Favful.

iMedia's acquisition of Favful is the company's 6th acquisition over the past 12 months.

Key Highlights

  • Catcha Group-backed iMedia has just acquired a 100% stake in Favful.
  • Upon the acquisition, all of Favful's social media and digital assets will be merged into iMedia's ecosystem.
  • iMedia was founded in July 2020, and currently provides a wide range of marketing services to larger brands.

Why It Matters

  • Besides Favful, iMedia acquired 5 other companies over the past 12 months: OhMedia, Ittify, Goody25, BeauitfulNara, and Moretify.
  • Favful on the other hand, has grown into a trusted community marketplace over the past 6 years, housing more than 3,000 beauty and lifestyle influencers with an estimated social media reach of more than 140 million people. 
  • According to iMedia, the acquisition is one of the company’s key strategies for growth, and the group's first entry into the commerce business. 
  • iMedia's network of digital assets now reaches over 15 million Malaysians every month, and is expected to generate $724,000 in net profit for 2021.

- From our Sponsors -

Latest Jobs

Senior Software Engineer

Crustdata

California,

Full Time

USD 150000 — USD 220000 yearly

Founding Recruiter

Giga

California,

Full Time

USD 110000 — USD 170000 yearly

Hardware Engineer

Makani Science

California,

Full Time

USD 65000 — USD 130000 yearly

Software Engineer

Solidroad

California,

Full Time

USD 170 — USD 220 yearly

Founding Software Engineer

Novoflow

California,

Full Time

USD 100000 — USD 200000 yearly

Applied AI Engineer

Argon AI, Inc.

New York,

Full Time

USD 200000 — USD 300000 yearly

Account Executive

Conduit

California,

Full Time

USD 160000 yearly

Founding Recruiting Lead

Confido

New York,

Full Time

USD 155000 — USD 185000 yearly

Machine Learning Intern

Bindwell

California,

Internship

USD 80000 — USD 120000 yearly

Founding Engineer

Simple AI

California,

Full Time

USD 100 — USD 200000 yearly

BEAMSTART is a hub for everything Startups, Entrepreneurship, and Innovation. Connect with a global community of people, and stay updated with the latest startup jobs, news, and discussions.

 
© 2016 - 2025 BEAMSTART. All Rights Reserved (Legal).