Drootoo awarded by Straits Times as Top 100 companies in Singapore

SINGAPORE, Jan 21st, 2020 – Drootoo had been awardede by Straits Times as Top 100 fastest growing companies in SIngapore for 2020.

According to Straits Times ” For the first time, The Straits Times and market research firm Statista present the 150 most attractive employers in Singapore for companies with at least 200 employees here, of which there are about 1,800. The ranking is based on an extensive survey of more than 8,000 employees and over 160,000 evaluations. The winners are segmented into25 industry sectors.”

Drootoo was ranked in 14th position out of all the companies selected in the list.

According to Sue-Ann tan, Straits Times ” Tech firms and businesses that innovate rapidly to stay ahead of the curve have come up tops among Singapore’s fastest-growing companies.Most of those that made the top ten list are technology firms and while the rest might be in retail or even metal recycling, they have still invested in new digital tools that keep them ahead of industry trends.Indeed, digitalisation and innovation are key in helping firms to grow quickly, according to a study by global research company Statista and The Straits Times to find the country’s fastest-growing businesses.”

Straits Times editor Warren Fernandez, who is also editor-in-chief of Singapore Press Holdings’ English/Malay/Tamil Media Group, said: “Our aim is to showcase companies which have been powering ahead, growing rapidly, through a mix of innovation and business savvy. “In the process, we have uncovered some very interesting new companies which are racing ahead, adding value to both their partners and customers.” Dr Thomas Clark, associate partner and responsible for corporate development and international affairs at German-based Statista, said: “Singapore is well known as an excellent location for certain business activities, ranging from transport and retail to commodities and high-tech.

National University of Singapore Business School’s Associate Professor Lawrence Loh said nascent tech start-ups might face business challenges like innovation and funding that are less tied to the ongoing economic uncertainties. He added that technology is the way to go in this new economic era. “They should continue to innovate and transform so as to nurture new shoots of growth in the new era of technological disruptions.”Technology can transform existing businesses and move them into new growth markets. More significantly, technology in itself can be the new products and services that will be the next springboards of growth.”