Patrick Grove

Explore about the Famous Chairman of iflix Patrick Grove, who was born in Singapore on April 30, 1975. Analyze Patrick Grove’s net worth, age, bio, birthday, dating, height-weight, wiki. Investigate who is Patrick Grove dating now? Look into this article to know how old is Patrick Grove?

Patrick Grove Biography

Grove was born in Singapore on 30 April 1975 to a Singaporean-Chinese mother and an Australian father. He has two brothers and a sister.

Patrick Y-Kin Grove (born 30 April 1975 in Singapore) is an Australian internet and media entrepreneur in Asia.

Grove spent his early years in Singapore and Indonesia, where he studied at Tanglin Trust School, the United World College of South East Asia and the Jakarta International School. He moved to Sydney in 1993 and completed his high school education at the Scots College.

Whilst still a student at The University of Sydney, Grove started two companies. Upon graduating in 1996, he joined Arthur Andersen before leaving in June 1999 to start the dot-com company Catcha.com. In an article in Australia Unlimited, he is quoted as saying: “I wanted to start my own business whilst in college but my parents wouldn’t let me. We made a deal that I would finish university and work at Arthur Andersen for three years before I could do anything I want. I left after two-and-a-half years, as I couldn’t resist the urge to move back to Asia to start Catcha.”

Between 1999 and 2016, he took five companies from start-up to initial public offering (IPO).

Catcha.com quickly became a high-profile dot-com in Asia and raised over US$ 12 million from a combination of angel investors, venture capitalists and publicly listed companies. The company received approval in principle from the Stock Exchange of Singapore in early 2000. Whilst on a global IPO roadshow, the NASDAQ crashed in April 2000 and the IPO was famously aborted as the company become a victim of the dot-com bubble.

By 2004–2005 Grove and his partners had turned around the business and completed a successful management buyout.

In 2006, Grove moved back into the online space by founding the iProperty Group which was successfully listed on the Australian Stock Exchange in 2007. He and his partners revamped and grew the business into the largest network of online property portals in Asia, operating in Malaysia, Indonesia, Singapore, Hong Kong and Macau with investments in India and the Philippines. Following a meeting with Rupert Murdoch in June 2014, he invested US$100m into the company In February 2016, the company was acquired by REA Group, a subsidiary of News Corporation for A$751m in one of the largest acquisitions of an ASEAN Internet Company

In 2009, Catcha launched Catcha Digital in conjunction with Microsoft to run all their online assets in Malaysia. In July 2011, Grove listed the company, then called Catcha Media Berhad on the Malaysian Stock Exchange. Following the merger between Catcha Media subsidiaries and Says Sdn Bhd, a new company, Rev Asia Media Equity Holdings Sdn Bhd was formed. Catcha Media further announced in July 2014 that it had changed its name to Rev Asia Berhad.

In 2011 Grove launched Dealmates, a Malaysian-based e-commerce site as a joint-venture with Mindvalley founder Vishen Lakhiani. In 2012, Dealmates pivoted from a group buying to a flash sales model that focuses on selling products. It successfully raised US$2 million in venture capital funding from Intel Capital. In early 2014, Dealmates.com was acquired by the iBuy Group and was successfully listed on the Australian Stock Exchange.

Grove served as one of the judges on the reality TV series Angel’s Gate, which began broadcasting on Channel NewsAsia in February 2012. The show gives budding entrepreneurs in Asia an opportunity to pitch business ideas to investors.

Grove had his fourth IPO with the listing of iBuy Group on the Australian Securities Exchange on 20 December 2013.

Besides the four listed companies, Grove also controls a number of private companies including iflix, Southeast Asia’s leading Internet TV service, launched in Malaysia and the Philippines in May 2014, and has additionally co-founded and invested in Frontier Digital Ventures, a digital investment firm focusing on online classifieds in frontier markets.

In September 2012, Grove listed the third company he founded, iCar Asia, on the Australian Securities Exchange. iCar owns and operates ASEAN’s largest network of online automotive sites in Malaysia, Indonesia and Thailand. In March 2013, Australia’s leading online cars classifieds Carsales.com Limited acquired a 19.9% seat in the company, later increasing its shareholding in iCar Asia to 22.9% in March 2014. The S&P Dow Jones Indices announced iCar’s inclusion to the All Ordinaries Index on 21 March 2014.

His accolades include being named by the Australian Trade Commission as one of Australia Unlimited: 50 Global Achievers, by Bloomberg Businessweek as one of Asia’s Best Young Entrepreneurs, by Business Week Asia as Top Entrepreneur under 40, and by the World Economic Forum as the Global Leader of Tomorrow and New Asian Leader two years consecutively. He served as a judge, alongside Sir Richard Branson, and Steve Wozniak in the 2014 Talent Unleashed Awards, and also on the judging panel for television series Angel’s Gate which was broadcast on Channel NewsAsia in 2012. Grove is also a member on the XPrize Innovation board.

In May 2016, Grove’s net worth was estimated as A$ $587 million by the BRW Rich 200 list, an annual list of the richest Australian people. As of 2019, Grove’s net worth was estimated by the Financial Review Rich List 2019 as A$ 885 million. Grove was first recognised in the Forbes 2016 list of 50 richest Malaysians. As of 2019, Forbes estimated his net worth as US$ 400 million.

Specifically he has, through Catcha Group, targeted the emerging markets saying “I love emerging markets. If there’s a market anywhere in the world that’s emerging, I get it – it’s in my DNA.” He is especially bullish about the business opportunities presented by Southeast Asia.

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