April 13: Private equity and acceleration firm SRKay Consulting Group has expanded operations to Malaysia by opening an office in Kuala Lumpur. The company, which has been investing and hiring in multiple countries that can give its ventures a platform to expand globally, currently operates out of the US, Finland, the UK, India.
With the Malaysia foray, SRKay is expected to expand its global acceleration ecosystem for the growth of its start-up ventures at a global scale, said a news report. SRKay has also lined up expansion in the ASEAN market, it said.
The company is believed to have chosen Malaysia to set up shop as it is one of the key business hubs of ASEAN. SRKay would create a base for its ventures in Malaysia with an eye on growing them in the entire ASEAN and ANZ region. With multiple emerging growth markets like Malaysia, Indonesia, Philippines, Vietnam etc; the entire Asia is growing fast, and SRKay would like to be a part of the growth story in the region, the report added.
ScrumStart and SCIKEY are two flagship ventures that SRKay has accelerated and invested in, over last two years, with few more in the pipeline. SRKay top management sees Malaysia as a perfect location for its next wave of growth, with the new government in Malaysia encouraging Innovation driven start-ups and the entrepreneurial spirit picking up at large; as this opens several potential investment opportunities within the ASEAN region as well as can serve as a market for SRKay’s global ventures, the reports said.