Shanghai and Kuala Lumpur-based venture capital firm Gobi Partners is exploring opportunities to back startups in what it sees as two underserved areas - those serving Muslim consumers and companies founded by women entrepreneurs. Thomas G. Tsao, founding partner of Gobi Partners, said the Muslim market was a big underserved market that VC firms need to seriously consider because of the vast opportunities it offers. "If you look at one of the big underserved markets now, I believe it is the Muslim market. We are now looking for startups using technology to really serve Muslim consumers, businesses, and communities. This will create a lot of opportunities," Tsao said during Crouching Panda, Hidden Tapir, an investment conference in Malaysia co-organized by Gobi Partners.