No longer in the shadow of its star sister, Singapore, Kuala Lumpur is making a name with its great startups such as GrabTaxi. Taking a page from across the Strait of Johore, the government’s act to support startups has fueled a robust entrepreneurial community. Kuala Lumpur is the retail hub of Malaysia and boasts a total of sixty-six shopping malls. Knowing a big opportunity when they see one, entrepreneurs find new ways to innovate commerce, retail, and customer experience.
VC FUNDING: $132.6M
DEALS: 32
EXITS: 10
2 YEAR YoY FUNDING GROWTH: 264.9%
2 YEAR YoY DEAL GROWTH: 146.2%
Source: CB Insights