Malaysian start-ups on Forbes Asia’s ‘100 to Watch’ list

by SHAFIQQUL ALIFF / pic credit: forbes.com

FOUR Malaysian start-ups have joined the Forbes Asia’s inaugural “100 to Watch” list, marking notable small companies and start-ups on the rise across the Asia-Pacific (APAC) region.

BrioHR, DoctorOnCall, Dropee and iHandal Energy Solutions Sdn Bhd made it to the list among a diverse range of companies spanning industries such as biotechnology and healthcare, e-commerce and retail, food and hospitality, and education and recruitment.

“Companies on the list are making remarkable progress and impact in spite of the challenging climate brought on by the Covid-19 pandemic.

“Their inclusion on the list comes in part from addressing significant problems with innovative solutions,” Forbes Asia editor Justin Doebele said in a statement yesterday.

Seventeen countries and territories are represented across APAC, with the lively start-up communities in India and Singapore producing 22 and 19 companies, respectively.

Hong Kong has 10 and Indonesia has eight companies on the list.

BrioHR was founded in 2018, specialising in providing human resources management solutions. A cloud-based human resources management platform, BrioHR offers all-in-one services, from recruitment to payroll, for small and medium enterprises in SouthEast Asia.

DoctorOnCall was founded in 2016, Malaysia’s first online medical video-consultation platform that combines advanced video and voice technologies with the medical knowledge and experience of Malaysia’s top doctors.

The concept has been proven successful with millions of patients in the US, Australia and Europe, who are now being treated through medical video-consultation.

Dropee was founded in 2017 and is now dubbed the country’s leading business-to-business e-commerce marketplace.

Dropee provides an integrated supply chain network that facilitates transactions between businesses and their suppliers.

Meanwhile, iHandal Energy Solutions was founded in 2009, specialising in improving building energy efficiency.

The company said its systems capture and reuse buildings’ wasted heat and recycle it, offsetting up to 70% of thermal emissions, with energy savings as high as 80%.

Forbes Asia said the final 100 was selected from over 900 submissions.

To qualify for consideration, companies had to be headquartered in APAC, be at least one year old, privately owned, for profit, and have no more than US$20 million (RM84.57 million) in its latest annual revenue or total funding through Aug 1.