In 2018, Khazanah Nasional Berhad and Permodalan Nasional Berhad (PNB) invested RM47 million into FashionValet. This investment followed a pattern of strategic government-linked initiatives intended to support domestic enterprises and advance Malaysia’s presence in the growing digital economy. However, as of 2024, FashionValet’s return on investment proved sharply negative, with the funds recovering only RM3.1 million, […]
In 2018, Khazanah Nasional Berhad and Permodalan Nasional Berhad (PNB) invested RM47 million into FashionValet. This investment followed a pattern of strategic government-linked initiatives intended to support domestic enterprises and advance Malaysia’s presence in the growing digital economy. However, as of 2024, FashionValet’s return on investment proved sharply negative, with the funds recovering only RM3.1 million, […]