How many unicorns are there in Southeast Asia?

In 2021 alone, 19 start-ups in the region saw an increase in valuation to above US$1 billion, according to a report on Asean start-ups by Credit Suisse earlier this month. Fifteen start-ups in Singapore and 11 in Indonesia account for the lion’s share of the region’s 35 unicorns.

How many unicorns are there in Asia?

As of April 2021, there were 133 unicorns headquartered in China, which accounted for two thirds of all unicorns in Asia-Pacific….Number of unicorns in the Asia Pacific region as of April 2021, by country or territory.

How many unicorns are in the sea?

42 such
The success of companies like Sea Group, Gojek, and Grab has spurred this wave of interest in the space. As a result, the region now has 42 such unicorns (which also includes a number of decacorns – startups valued at U$10 billion or more), according to Tech in Asia’s analysis.

Is Sea Group A unicorn?

Sea is apparently the first Singapore-based tech unicorn to go public in the United States. The IPO valued the company at US$4.58 billion, making it Southeast Asia’s most valuable tech company.

Is Ninjavan a unicorn?

Following the latest funding round, Ninja Van joined the growing list of unicorns across Southeast Asia. The startup is now valued at $2.2 billion, according to estimates by Venture Cap Insights. Chang Wen stands next to a Ninja Van delivery van.

Is carousell a unicorn?

Carousell is now a unicorn – after the latest investment round led by South Korean private equity firm STIC upped the startup’s valuation to US$1.1 billion.

Is lazada a unicorn?

The company is one of several e-commerce unicorns based in Southeast Asia, joining the ranks of Indonesia’s Tokopedia and BukaLapak. In 2016, Chinese conglomerate Alibaba Group acquired a majority stake in Lazada through a US$1 billion investment as the spearhead of its expansion into Southeast Asia.

Why Indonesia’s unicorn startups embrace familiar ideas?

Indonesia’s unicorn startups embrace familiar ideas. Indonesia has a diverse population with many different consumption habits. If a company wants to scale across Indonesia, they need to be able to relate to any demographic. That’s why Indonesia’s most successful startups are building brands that are local, familiar, and accessible.

How many unicorn start-ups are there in ASEAN?

We are proud to hear that the Minister of Communication and Information, Rudiantara, has said that there are now seven Unicorn start-ups right now in ASEAN and four of them come from Indonesia. Unicorn is a title given to a start-up company valued at more than US$1 billion.

Where are South East Asia’s tech unicorns?

With the most recent tech unicorn Sea (formerly known as Garena) going IPO in October 2017, South East Asia now has more unicorn startups than ever, with the majority of them based in ASEAN’s biggest and most attractive market, Indonesia.

Is Tokopedia a unicorn startup?

Tokopedia was founded by William Tanuwijaya in 2009 and became the second start-up in Indonesia to achieve the Unicorn title. The biggest funding Tokopedia has received was recorded last year when it received a total funding of US$1.1 billion from Alibaba. Similar to Go-Jek, Tokopedia became a Unicorn after six years of operations.