Top 10 Southeast Asian Startups. Which One Is Your Favorite?
According to Tech in Asia, those listed below are the 'survivors' and best 10 startups in Southeast Asia as 2017 wasn't an easy year for them to sustain in the booming industry.
Check on your favorites here, in rankings:
With revenues of US$268 million in the first nine months of 2017, Zalora has a presence in Singapore, Malaysia & Brunei, Indonesia, Hong Kong, the Philippines and most recently in Taiwan. Its profits have secured its position as the leader of the fastest growing e-commerce segment: the online fashion market.
The top streaming app in emerging markets across Asia (beating American counterpart Netflix), it raised US$133 million in 2017 to boost production of locally-oriented original content, which is available in 25 countries across Asia and Africa.
Provides large-scale data centres in super-cooled warehouses across Asia and Australia.
Expedia paid US$350 million for the privilege of bringing its travel services to Asia via the Indonesian-based Traveloka.
A uniquely Indonesian motorbike and taxi-hailing app, it now does much more including grocery delivery and massages. It is apparently backed by China’s Tencent.
5. MATAHARI MALL
The ubiquitous Lippo-backed shopping malls are now online, to rival Alibaba. It faces stiff competition from other regional e-commerce websites.
Looking to increase its presence in the Indonesian archipelago, Alibaba has invested US$1 billion in Indonesia’s e-commerce portal.
Originally games platform Garena, Sea has now diversified into digital payments through AirPay and e-commerce with Shopee. SEA is valued at US$4 billion.
Southeast Asia’s answer to Alibaba, Lazada has grown to become a household name in the region. Jack Ma bought a portion of Lazada at US$2 billion.
The David that defeated Goliath, it now has a monopoly in Malaysia and Singapore with the departure of Uber from the region. It raised US$2 billion in funding in Southeast Asia and is now valued at US$6 billion.