Patrick Grove

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Patrick Grove
Patrick Grove Corporate Shot take in KL 2008.jpg
Born (1975-04-30) April 30, 1975 (age 39)
Occupation Co-founder & Group CEO, Catcha Group
Co-founder & Chairman, iProperty Group (ASX:IPP)
Co-founder and Director, Catcha Media Berhad (0173)
Co-founder & Chairman, iCAR Asia (ASX:ICQ)

Patrick Y-Kin Grove (born 30 April 1975 in Singapore) is an Australian internet and new media entrepreneur based in Asia.[1]

Grove is the co-founder and Chief Executive Officer of the Catcha Group[2][3] an investment group which controls media, new media and e-commerce companies in emerging markets. He is also the co-founder and Chairman of the IProperty Group[4] (an ASX-listed company headquartered in Kuala Lumpur, Malaysia, which owns and operates a network of online property portal websites in Malaysia, Indonesia, Singapore, Hong Kong and Macau with investments in India and the Philippines), co-founder and Director of Catcha Media Berhad (a Malaysian online media and publishing company), co-founder and Chairman of iCar Asia (which operates a network of online automotive sites in Malaysia, Thailand and Indonesia), and co-founder and Chairman of iBuy Group (an e-commerce group with operations in Malaysia, Singapore, Hong Kong, Thailand, Indonesia and the Philippines). Between 1999 and 2013, Grove took four different companies that he founded from startup to initial public offering (IPO).

Grove has served as one of the judges on the television series Angel's Gate, which was broadcast on Channel NewsAsia in 2012.[5]


Whilst he was a student at the University of Sydney in Australia, Grove started two companies, JDI (a night club promotions business) and Vibecom (a chain of mobile phone shops). Upon graduating in 1996, he joined Arthur Andersen[6] and served in both the Corporate Recovery and Corporate Finance divisions before leaving in June 1999 to start the dot-com company In an article in Australia Unlimited, Patrick Grove was 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."[7] quickly became a high-profile dot-com in Asia[8] and raised over US$12 million from a combination of angel investors, venture capitalists and publicly listed companies.[9] 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[10] and the IPO was famously aborted[11] as the company become a victim of the dot-com bubble.

With an aborted IPO, a collapsing media environment and US$1.5m in debt[12] bankruptcy seemed imminent, but Grove managed to turn the company around and is credited with being one of the rare dot-com survivors.

In 2001, Catcha launched a publishing arm which has since become one of the largest magazine publishers in Southeast Asia. The company is primarily based in Malaysia but also publishes in Singapore and Indonesia. Its portfolio of titles include JUICE, Hanger, MiNT, Fairways, Clive, Stuff, "Total Film" and Prestige.

By 2004-2005 Grove and his partners had turned around the business and completed a successful management buyout.[13]

In 2007, Grove moved back into the online space by acquiring He and his partners revamped and grew the business into the largest network of online property portals in Asia. They successfully listed the company on the Australian Stock Exchange on 11 September 2007.[14] Since listing, the company has made a number of acquisitions including in Hong Kong and other portals in the region. In October 2013, the company crossed the MYR1 billion mark [US$330m] in market cap.[15]

In 2009, Catcha launched Catcha Digital in conjunction with Microsoft to run all their online assets in Malaysia.[16]

In July 2011, Grove listed Catcha Media Berhad on the Malaysian Stock Exchange.

In September 2012, Grove listed a third company he founded, iCar Asia, on the Australian Stock Exchange.[17][18] This company owns online car portals and classifieds sites in Malaysia, Indonesia and Thailand.

Grove made his fourth IPO with the listing of iBuy Group on the Australian Securities Exchange on 20 December 2013.[19] iBuy is one of the largest e-commerce companies across the markets of Singapore, Hong Kong and Malaysia. In early 2014, iBuy Group acquired the Southeast Asia arm of LivingSocial spreading their reach to consumers in Indonesia, Thailand and the Philippines.[20]

Besides the four listed companies, Grove also controls a number of private companies including Catcha Ventures, a Venture Fund focused on investing in early to mid stage internet companies in emerging markets globally, and has invested in Frontier Digital Ventures, a digital investment firm focusing on online classifieds in frontier and emerging markets.[21]

In September 2013, Grove's net wealth was estimated to be AUD$95 million.[22]

Business strategy[edit]

Focusing on investments within the online sector, Patrick Grove has made his mark with a simple strategy: look at what works in the West and bring it to the East.[23] "When I was growing up and I looked at the wealthiest people in Asia, it was never anyone who invented anything. It was just someone who took an idea from the West and brought it to Asia ... I decided to do the same."

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.” [24] and is especially bullish about the business opportunities presented by Southeast Asia.[25]

Grove has gained a reputation and much respect for his perseverance, particularly in the face of adversity, and has spoken at various start-up and entrepreneur events such as Startup Grind and the regional Echelon.[26] He is quoted as saying “The things I have learnt about how to run a business can only be learnt in tough times,” he says. “If you have been through [difficulty] before, you don’t fear it. You just roll up your sleeves and get on with it.” [27]

Television work[edit]

Grove served as one of the judges on the reality TV series Angel's Gate, which began broadcasting on Channel NewsAsia in February 2012.[28] The show gives budding entrepreneurs in Asia an opportunity to pitch business ideas to investors. It has been confirmed that a second season of the show will be made.[29]


Among the awards and recognition Grove has received for his entreprenerial achievements are:

  • 2000: Named a "Global Leader of Tomorrow" by the World Economic Forum[30]
  • 2002: Named a "New Asian Leader" by the World Economic Forum
  • 2004: "Austcham Young Entrepreneur of the Year"[31]
  • 2007: Recognised by KLue magazine among the "Top 40 under 40 to watch"
  • 2008: Named as one of "Asia's Best Young Entrepreneurs 2008" by Bloomberg Businessweek[32]
  • 2011 & 2012: Named on the "BRW Young Rich List", part of the annual BRW Rich 200[33][34]
  • 2013: Named in the Australia Unlimited "50 Global Achievers" list[35]
  • 2014: Judge in Talent Unleashed Awards, alongside Sir Richard Branson and Steve Wozniak.[36]

Early life and education[edit]

Grove spent his early years in Singapore and Indonesia, where he studied at Tanglin Trust School, the United World College of South East Asia[37] and the Jakarta International School. He moved to Sydney, Australia, in 1993 and completed his high school education at the Scots College.

Grove then went on to the University of Sydney, where he majored in Finance and Accounting and completed a Bachelor of Commerce degree.

Personal life[edit]

Grove was born in Singapore on 30 April 1975 to a Singaporean-Chinese mother (Diana Grove) and an Australian father (Philip Grove). He has two brothers (Aaron and Daniel) and a sister (Nicole).


  1. ^ Young rich star Patrick Grove plans US$150m Asian investment expansion, "BRW", April 1, 2013
  2. ^ Catcha Media Corporate Site, Catcha Corporate Site,
  3. ^ IPGA Corporate Site, IPGA,
  4. ^ ASX, Australian Stock Exchange,
  5. ^ So you want to be an entrepreneur?, "", 2 February 2012
  6. ^ Catcha Media Board of Directors
  7. ^ [1], "The Entrepreneur"
  8. ^ [2], " growing its presence in S E Asia"
  9. ^ Zdnet,,
  10. ^ Nasdaq Crash of April 2000, Nasdaq Crash of April 2000,
  11. ^ Shaky IPOs chill Singapore's Internet dreams, Asiaweek", June 9, 2000
  12. ^ Go go Grove, New Straits Times", January 16, 2005'
  13. ^ [3], "The Entrepreneur"
  14. ^ Online Property Firm IPGA Debuts on ASX, Sydney Morning Herald", September 11, 2007'
  15. ^ [4], " crosses MYR 1 billion in market cap"
  16. ^ MSN Embraces Magazines in Malaysia, Asia Media Journal", September 4, 2009'
  17. ^ Catcha Media's iCar Lists On ASX, Asia Media Journal September 4, 2009
  18. ^ Patrick Grove about to get his Hattrick, digitalnewsasia, 24 August 2012
  19. ^ iBuy shares close 4pc above listing price, Australian Financial Review", December 20, 2013'
  20. ^ [5], "LivingSocial pulls out of Southeast Asia with sale of its remaining regional business units"
  21. ^ [6], "Frontier Digital Ventures launched; acquires 30% stake in"
  22. ^ [7], "Young Rich 2013: 12. Patrick Grove"
  23. ^ [8], "Catcha Group's Patrick Grove: reinventing Asia online"
  24. ^ [9], "Catcha Group's Patrick Grove: reinventing Asia online"
  25. ^ [], "SE Asia is ripe for Australian technology investment"
  26. ^ [10], "Patrick Grove of Catcha Group shares the secret ingredients of a successful IPO"
  27. ^ [11], "Seizing the day and beyond"
  28. ^ So you want to be an entrepreneur?, "", 2 February 2012
  29. ^ [12],"Angel's Gate Season 2"
  30. ^ FT Profile, FT Markets
  31. ^ Prestige Asia, Prestige
  32. ^ Asia's Best Young Entrepreneurs 2008, Bloomberg Businessweek, August 8, 2008
  33. ^ [13],"Tech Kings Dominate BRW Young Rich"
  34. ^ [14],"Young Rich List 2012"
  35. ^ [15],"Australia Unlimited Global 50"
  36. ^ [16],"Catcha's Patrick Grove joins hunt for tech superstars"

External links[edit]