CB Insights analyzed the most well-funded tech startups in Asia and the APAC region by country based on disclosed equity funding, excluded debt funding and only considered VC-backed companies that have raised at least $1M of equity funding to date.
In the first quarter of this year, funding to tech startups and companies in Singapore—Southeast Asia’s startup hub—rose sharply to $199 million from $53.1 million a year earlier, according to Hong Kong-based AVCJ Research.
With 8 unicorns, India ranks after China’s 37 ones in the map. Other countries with startups valued at $1B+ include: South Korea (Coupang, CJ Games, Yello Mobile), Singapore (Grab, Garena Online), Japan (Mercari), and Indonesia (Go-JEK). The most well-funded tech startup in Asia is Didi Chuxing from China, which has raised $8.6B and is valued at $33.8B and the least is grocery delivery platform Chaldal from Bangladesh with $120K in equity funding in a seed round from Y Combinator.
Let’s find out which startups in the region raised the most amount of money in the Asia-Pacific Region
2012 – 2016 YTD (10/20/2016)
Grab is Southeast Asia’s leading ride-hailing platform that offers the fastest booking service for taxis, private cars and motorbikes through one mobile. Their go-to-market strategies and campaign have successfully garnered countless users across 6 countries in less than four years.
ZALORA is the largest online fashion retailer in Southeast Asia. Sporting over 500 brands and thousands of products.
PropertyGuru is a Singapore-based property and home website, founded in 2007. The site provides access to property and home-related products, services, news, advice, guides, tools and online property database in Singapore.
Garena is a consumer Internet platform provider based in Asia. It was founded in Singapore in 2009. It has operation in various markets in Asia via a hyper-localisation business strategy.
iCarsclub is a peer to peer car sharing market place for car renters and car owners.
WeLab is a financial technology company headquartered in Hong Kong. In the first quarter of 2016, WeLab raised the fourth largest fundraising and second largest Series B fundraising in FinTech globally.
Tink Labs is a technology company that provides a comprehensive mobile travel platform to inbound visitors. Founded in April 2012, Tink Labs believes in the capacity for mobile technology to simplify life’s many complications.
Giosis Group (Qoo10),the company behind Qoo10, operates an e-marketplace offering sellers customisable sales strategies and buyers an extensive product portfolio. It is a joint venture established between eBay Inc. and Gmarket Inc. founder, Mr Ku Young Bae, in April 2010. Today, Giosis provides seven localised marketplaces, Qoo10, in five countries – China, Hong Kong, Japan, Indonesia, Malaysia and Singapore.
Futu5 is an online securities broker that enables investors to trade stocks in the American and Hong Kong stock markets. It provides a one-stop service to trade Chinese, Hong Kong, and American stocks on PC, Mac iOS, and Android devices. Futu5 was launched in 2009 and is headquartered in China.
Tiki.vn is the fastest-growing retail company in Vietnam and is well-positioned to be an industry winner. It is also the Vietnam’s most favorite B2C e-commerce company. Tiki.vn features more than 300,000 products in 12 categories of electronics, lifestyle and books. The company achieves the highest customer satisfaction rate and the lowest return rate among all e-commerce players in Vietnam due to its capability to control end-to-end supply chain, from partnering with brands to deliver high-quality merchandise to managing warehouse and logistics to processing payments and providing superior customer service.
Triip is a travel platform that enables travelers to enjoy amazing private tours passionately crafted by handpicked local experts. Triip is a team of 5 young and passionate people from diversified backgrounds. We work in many different fields but we have one common desire: to change the way people travel. It stems from their own traveling experience in many different places, the difficulties in arranging our itinerary, the challenges they faced finding the activities they love, and the endless quest to experience local cultures in the most authentic way.
TaEmBe is an an online baby products store and Vietnamese adaptation of diapers.com, using the cash for technology, inventory and logistics with a mobile app on the way. He told e27 that his startup has always been super lean and believes in “investing in tech and automation as a way to keep costs low.
See the full map of Most Well-Funded Tech Startups In Asia and APAC below