To ramp up the VC industry in Malaysia, Shahril said Mavcap has pivoted its direct investment model to the fund-of-funds approach, called the “Strategic Funds” model.
“Important factors to facilitate VC growth include business-friendly policies, favourable tax regimes, an efficient legal system and high-quality infrastructure,” he told StarBiz in an interview. Shahril believes another differentiating factor was the rapid digitalisation and aggressive growth of the digital economy in neighbouring countries through higher capital injection, mainly driven by private sector participation.“Hence, serving this unbanked population is a priority in the market, putting financial technology services in higher demand,” he noted.
“As a result, promising entrepreneurs turn to markets outside Malaysia to seek out funding,” he noted. “Subsequently, this will see a readjustment of valuation for deals, where mega rounds and valuations are unlikely, and startups need to show a clear path to profitability,” he justified, adding it may result in fewer deals in 2023.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
No increase in foreign workers despite change in application process, claim business groupsPETALING JAYA: Foreign workers are not coming in faster even after doing away with the application process due to external issues, say business groups.
Herkunft: staronline - 🏆 4. / 75 Weiterlesen »
Bots in business: Malaysian companies employ ChatGPTIn just a matter of months, people have started integrating generative chatbots and other AI tools into their work processes.
Herkunft: staronline - 🏆 4. / 75 Weiterlesen »
What Makes Shangri-La Kuala Lumpur The Go-To Place For Business Travelers - Hype MalaysiaPeople travel for various reasons. As such, travelers are typically divided into 2 main groups – business and leisure. While leisure travelers (tourists) tend to place more emphasis on sight-seeing, seeking adventure and destination dining, business travelers are travelling for business meetings, conference participation, networking, and project work. Therefore, the needs and wants tend to […]
Herkunft: HypeMY - 🏆 10. / 63 Weiterlesen »