High-impact entrepreneurship ecosystem builder, Endeavor Malaysia has announced that ZCOVA and StoreHub have passed the Local Selection Panel, with founders from both companies being selected as high-impact entrepreneurs.
The Local Selection Panel is the culmination of a rigorous merit-based selection process to select high-impact entrepreneurs who demonstrate the potential to leverage Endeavor’s resources and mentorship to create high-growth sustainable businesses, jobs, as well as to create enduring local entrepreneurial ecosystems.
Since their launch in 2015, ZCOVA, an online diamond and gemstones company with custom-made jewellery has successfully helped over 8,500+ customers to save over millions with better-valued diamonds and gemstones.
The two brothers, Low Ziwei and Low Ziyin (Co-founders of ZCOVA) saw the need to disrupt the industry by modernizing the way people buy diamonds, gemstones and customize their jewelry by introducing the latest API inventory technology that carries 750,000 mined and lab grown diamonds, 100,000 gemstones, directly from the world’s top suppliers, guaranteed with dual-certified goods by the GIA and GemEx.
StoreHub is an all-in-one tech platform that enables F&B and retail businesses to grow and automate successfully and sustainably. Launched in 2013, Wai Hong Fong (Chieftain & Co-founder of StoreHub) envisioned a more seamless operational management experience for retailers and restaurant owners.
What started as a cloud-based point-of-sale (POS) system is today an ecosystem of over 30 features including a QR-based table ordering, loyalty, automated customer engagement, and more, serving over 15,000 retailers and restaurants across Malaysia, Thailand, Philippines and others.
Their QR Order & Pay solution has helped merchants speed up table turnover rates by 1.5X.
Their latest innovation, an automated SMS marketing tool, has helped merchants get up to 25X ROI. StoreHub’s clients range from hipster cafes to large franchises such as Niko Neko and Nasken Coffee.
“While we also aim to expand to other markets in the future, through various mentoring sessions with some of the Endeavor mentors, we aim to hyper-localise by dominating the Malaysian market and doubling down our efforts in enhancing our branding presence before scaling regionally,” said Low Ziwei and Low Ziyin, Co-founders of ZCOVA.
ZCOVA and StoreHub strive to redefine consumers’ mindset to improve operational efficiency and to return the ownership to customers to make their informed decisions. As both companies aim to dream bigger and scale faster, both companies are on track to solidify their presence to further dominate Malaysia’s market and soon, expand into the SEA region.
“Despite the tough market conditions, both ZCOVA and StoreHub navigated their way through and have shown impressive growth. Starting a business is hard, but scaling a business is even harder. As the business scales, entrepreneurs need to have a clear prioritization of what their growth drivers are. These businesses have demonstrated they are able to make tough, calculated decisions. We are optimistic about their future and excited to see how Endeavor can support them in their scaling journey,” commented Fadza Anuar, Endeavor Board Member and Co-founder & CEO of FashionValet Group.
The session also had Fadza Anuar (Endeavor Board Member and Co-founder & CEO of FashionValet Group), Endeavor Mentors: Raja Hamzah (Co-founder & Co-managing Partner of RHL Ventures), Dato’ Henry Goh (Co-founder, Executive Chairman & Group COO of MACROKIOSK) and Endeavor Entrepreneur Wee Jonn Leow (CEO of Photobook Worldwide) as panellists.
With the support of over 70 mentors, Endeavor Malaysia now supports 78 companies across two different tracks