COMMENT | Thinking big in business appears to be the trend for South-East Asian nations during the prolonged Covid-19 pandemic, and see the futuristic possibilities of unicorn companies.
”Super-app” Grab, known for its diversified services from ride-hailing and food delivery to online banking, is an ultra-smart case of how a startup incubated in Malaysia was eventually lost to a neighbouring country. Above all else, let the financial warnings be clear: Malaysia stands to lose huge economic opportunities and the chance to strengthen the domestic talent pool, if more homegrown companies seek to leave the shores if there is a lack of willingness to fund such ventures.Previously known as MyTeksi, Grab was launched in 2012 and one of its earliest funding came from Cradle Fund Sdn Bhd, an agency under the Finance Ministry.