BORONG (formerly Dropee), Malaysia’s business-to-business (B2B) technology eProcurement-cum- eMarketplace outfit, has once again claimed top position in the Financial Times (FT) High-Growth Companies Asia-Pacific (APAC) 2026 ranking.
It rose from second place in 2025 to rank No. 1 across the entire Asia-Pacific region in the list compiled in partnership with Statista which identifies the top 500 companies that achieved the highest compound annual growth rate (CAGR) in revenue between 2021 and 2024.
This is Borong’s second consecutive appearance on the FT High-Growth Companies Asia-Pacific list which is in its eighth annual edition.
This back-to-back recognition underscores what Borong has always believed in – “sustainable, compounding growth driven by genuine enterprise value is not an accident, it is a strategy”.
Borong remains the highest-ranked Malaysian company on the list and one of only a small number of Malaysian firms featured among the top 500 high-growth companies spanning 13 APAC economies alongside businesses from Japan, South Korea, India, Singapore, Australia and beyond.
Robust expansion drive
Since its founding in 2017, home-grown Borong has grown from a bootstrapped start-up with US$300,000 (RM1.17 bil) in revenue into a regional B2B technology platform funded by prominent venture capitalists trusted by thousands of businesses.
Backed by Y-Combinator (US), Ondine Capital (Taiwan), Brama One Ventures (India), Vynn Capital (Malaysia), Wide-Growth Investment (Hong Kong), HCL Capital (HK), Blawpark Partners (Singapore) and Colopl Next Inc (Japan), Borong has continued to attract world-class investors who believe in its mission to become Southeast Asia’s leading B2B commerce infrastructure.
Beyond its stronghold in fast-moving consumer goods (FMCG) and traditional retail supply chains, Borong has now expanded aggressively into new industry verticals, including:
- Oil & Gas (O&G) procurement: Borong has secured an exclusive procurement partnership with Shell to enable digitisation, streamlining supply chain and facilitate procurement operations within the energy sector.
- Semiconductor: Borong is now serving procurement and supply chain needs in Malaysia’s growing semiconductor ecosystem, one of Southeast Asia’s most strategically critical industries.
- Property and construction: Borong’s platform now supports procurement workflows for property developers and construction firms, thus addressing inefficiencies in project-based supply chains that have historically relied on manual, fragmented processes.
- Banking: Framed around digitising internal procurement and vendor management for financial institutions with a nod to regulatory compliance.
- Defence and aviation: Positioned around mission-critical supply chains with emphasis on compliance, traceability and reliability
These expansions mark a pivotal chapter in Borong’s evolution from a B2B marketplace for MSMEs (micro-small medium enterprises) into a full-spectrum enterprise procurement and supply chain platform serving Malaysia’s most important industrial sectors.
“Ranking No. 1 in APAC for the second consecutive year is a testament not just to our growth numbers but to the trust our clients, partners and team place in us every single day,” enthused Borong’s CEO Aizat Rahim.
We aren’t growing for growth’s sake but we’re building infrastructure that the region needs.
“From empowering B40 retailers in rural Malaysia to enabling large enterprises procurement operations and expanding into semiconductors and construction, Borong is proving that inclusive, technology-driven commerce is the future of this region.
A platform for all
Borong’s growth story is uniquely dual-sided. On one end, it continues to serve tens of thousands of MSMEs, digitising their procurement, credit and distribution operations to help them compete in a digital economy.
On the other hand, it has also become the platform of choice for large multinationals and Fortune 500 companies including Petronas, Shell and other global brands by enabling them to connect seamlessly with their downline distributors, dealers and grassroots retail networks.
This breadth – from a mom-and-pop shop in rural Sabah to a multinational energy outfits’ procurement desk – is precisely what sets Borong apart and continues to drive its compounding growth trajectory.
Borong’s ambitions are not merely commercial. The company has consistently championed economic inclusion by helping to narrow Malaysia’s income gap via empowerment of B40 communities, rural businesses and traditionally underserved segments with better access to goods, services and financial tools.
This social mandate is embedded in Borong’s DNA and has earned it recognition not only in business rankings but also as a force for positive change in the region. – March 18, 2026
