A joint report by HSBC & KPMG has identified 10 firms that are poised to make a lasting impact on the global business landscape over the next decade.
While startups are poised to continue playing a major role in the country’s development, some may struggle to gain the guidance and business support needed to grow.
The report indicated that while there is no specific formula to be an 'emerging giant,' the companies identified were standout players in a wide variety of disciplines. According to Securities Commission Malaysia, funding is starting to reach a significant level with total committed venture capital funds hitting US$1.2 billion in 2021, up 20% in 2020, and nearly five times more than Malaysian startups raised in 2019.It also stated that there has been an increase in venture capital deals in the region, with record-breaking numbers in 2021.
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