ENTREPRENEUR - Feb 14 - Darren Chan is the founder and CEO of Malaysia's first and only sugar dating platform Sugarbook. Before, he founded Gigfairy, Malaysia's first live music booking platform, which later got acquired by Tune Studios of the AirAsia Group. According to Chan, sugar dating is a modern kind of dating. The app claims 300K members from 60 countries, predominantly from Malaysia, the US, Singapore and the Philippines. ~70% of the members are student "Sugar Babies" from universities, single mothers and divorcees. "Sugar Daddies" range between the age of 30-55, with an average annual income of $150K to $300K. Sugarbook has recently raised a six-digit figure from an undisclosed benefactor. Chan was bootstrapping from the beginning and it took him over four months to be able to pay his first hire.