Malaysian gaming lifestyle retail chain Gamer’s Hideout has launched their investment fundraiser on Mystartr and within the first 24 hours, they have raised over RM519,000 from 52 investors. This means that they have met their target fundraising goals by 103%.
Gamer’s Hideout first launched the investment fundraiser back in February. The fundraising period began on the 19th of April 2022 and will end on the 20th of May 2022.
They are offering a number of rewards for users who offer higher investments. The highest a person had paid however is the second-lowest reward tier at RM6000 which would get them:
- Type of share: Redeemable Convertible Preference Shares (RCPS)
- Maturity Period: 5 years
- Number of shares: 680
- Subscription Price per share: RM 150.00
680 x RM 150.00 = RM 102,000
- 1-year LEET Membership worth RM 99
Gamer’s Hideout was established in 2006 and has since become a leading gaming lifestyle brand in Malaysia. They now have 5 retail outlets across Klang Valley and a strong online presence across social media as well as digital marketplaces like Lazada and Shopee.
On their Mystartr page they list a number of goals that they wish to target using the investment funds including having 20 physical outlets across Malaysia, Eco-solutions to gaming including allowing people to trade in old games, and the ‘Gamers Protection Plan’ to replace broken gaming equipment.
The Gamer’s Hideout stores sell a number of Gaming related items, from games to consoles, to PC and gaming accessories like gaming chairs and headsets. They also offer game trade-ins, repairs, and product protection plans.