Startups in Southeast Asia (SEA) are seeing more opportunities to grow in the post-pandemic era. The number of deals in SEA’s tech startup scene in the first half of this year hit a record high with combined value of US$4.4 billion, according to Cento Ventures, a Singaporean venture capital.
SEA countries have seen their tourism industries collapse in the face of the pandemic, while startups in these emerging economies are seizing large investment and seeking rapid growth across network, finance, biotech, e-commerce, education and more.
Investors must be familiar with Singapore’s Grab and Indonesia’s GoTo (formed by Gojek and Tokopedia): The former just went public in Nasdaq and the latter is planning an IPO soon. These two countries are indeed the top destinations of venture capitals. Forbes Magazine listed 19 Singaporean startups and eight Indonesian startups in this year’s Asia 100 to Watch.
Also on the list are four Vietnamese companies, four from Malaysia, four from the Philippines, two from Thailand, and one each from Cambodia and Laos.
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