According to Tech in Asia, listed below are the “survivors” and top 10 startups in Southeast Asia, as 2017 was not a straightforward 12 months for them to remain afloat within the booming industry.
Check out your favorites here within the rankings:
10. ZALORA
With revenues of $268 million in the primary nine months of 2017, Zalora is present in Singapore, Malaysia and Brunei, Indonesia, Hong Kong, the Philippines and most recently Taiwan. The profits it achieved have consolidated its position as a frontrunner within the fastest growing e-commerce segment: the net fashion market.
9.IFLIX
The hottest streaming app in emerging markets in Asia (beating US equivalent Netflix). In 2017, it raised $133 million to extend the production of locally focused original content available in 25 countries in Asia and Africa.
8. AIR SHAFT
It provides large-scale data centers in super-cooled warehouses in Asia and Australia.
7. TRAVEL
Expedia paid $350 million for the privilege of providing travel services to Asia through Indonesia’s Traveloka.
6.GOJEK
A singular Indonesian motorcycle and taxi transport app that now offers rather more, including grocery delivery and massages. Apparently it’s backed by China’s Tencent.
5. MATAHARI TRADE
The ubiquitous Lippo-backed malls are actually online, rivaling Alibaba. It faces stiff competition from other regional e-commerce sites.
4. TOKOPEDIA
In a bid to expand its presence within the Indonesian archipelago, Alibaba has invested $1 billion in an Indonesian e-commerce portal.
3. SEA
Originally Garena’s gaming platform, Sea has now expanded its offerings to incorporate digital payments via AirPay and e-commerce via Shopee. SEA is valued at $4 billion.
2. Lazing around
Lazada, Southeast Asia’s answer to Alibaba, has change into a household name within the region. Jack Ma bought a part of Lazada for $2 billion.
1. TAKE
David who defeated Goliath now has a monopoly in Malaysia and Singapore with Uber’s exit from the region. It has raised $2 billion in funding in Southeast Asia and is now value $6 billion.
Source : https://www.unreservedmedia.com/sutheast-asia-top-10-startups/
