# Eternal Meteor Sdn. Bhd.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/eternal-meteor-sdn-bhd

- Industry: Software
- Headquarters: Petaling Jaya, Malaysia
- Website: www.goget.my
- Total disclosed funding: $2.6M
- Latest round: Series A (Sep 8, 2020)
- Investors on record: 3

## About

Eternal Meteor Sdn. Bhd. operates an innovative on-demand work platform that facilitates flexible employment solutions for businesses seeking part-time and contract workers across various sectors in Malaysia.Founded in 2014, Eternal Meteor Sdn. Bhd. specializes in connecting businesses with part-time and contract workers for flexible employment needs. The company is headquartered in Petaling Jaya, Malaysia, and has engaged in 4 deals, with the most recent funding round occurring on September 8, 2020. This was a Series A funding round amounting to USD 2.0 mn, led by Monk's Hill Ventures, bringing the total amount raised to USD 2.0 mn and valuing the company at USD 7.19 mn post-money. The founders, Francesca Chia and Fung Tai, have been instrumental in steering the company towards innovation and growth in the on-demand labor market.Eternal Meteor Sdn. Bhd. offers GoGet, an on-demand work platform that connects businesses with part-time and contract workers for various employment needs. With features like a digital timesheet for real-time attendance tracking, GPS verification for reliability, and an in-app communication system, GoGet allows organizations to hire flexible workers for full-time, part-time, and short-term assignments. The service caters to local businesses in need of non-executive workforce solutions across several Malaysian regions, including Klang Valley, Penang, Negeri Sembilan, and Johor Bahru, providing access to a diverse pool of workers aged 18 and older.In the most recent fiscal year of 2023, Eternal Meteor Sdn. Bhd. reported a revenue of USD 479,789. The company's revenue model is based on fees for hiring workers through its platform, where businesses purchase GoGet credits for various job scopes, leading to a unique cashless system that simplifies transactions for both employers and workers. However, the EBITDA for the same year was USD -701,226.6, indicating operational losses.Eternal Meteor Sdn. Bhd. aims to leverage the USD 2.0 mn raised in its Series A funding to enhance its technology and expand its product offerings. Upcoming products are designed to further streamline the hiring process and improve user experience on the GoGet platform. The company plans to extend its services into new geographical markets within Southeast Asia by 2025, targeting countries such as Thailand and Vietnam for expansion. This growth strategy reflects a commitment to enhancing operational capabilities and increasing market presence in the rapidly evolving gig economy.

## Funding rounds

- Series A, Sep 8, 2020, $2M — Monk's Hill Ventures
- Seed, Jan 27, 2017, $0.1M — 500 Global, ANF Tet Holdings Sdn. Bhd.
- Seed, Sep 21, 2015, $0.5M — 500 Global, ANF Tet Holdings Sdn. Bhd.

## Investors

- 500 Global (https://capitalatlas.ai/funds/500-global) — Seed
- ANF Tet Holdings Sdn. Bhd. — Seed
- Monk's Hill Ventures (https://capitalatlas.ai/funds/monk-s-hill-ventures) — Series A