2021: Total of 27 Southeast Asia’s Unicorns Rise Since 2014
Since there were only three unicorns in Southeast Asia in 2014, the ecosystem is teeming with billion-dollar startups.
There were just three unicorns in Southeast Asia in 2014: VNG, Garena (now ‘Sea,’ and Razer.
Today, there are more than 20 unicorns in the region. This phenomenal expansion can be traced in part to the region’s expanding number of internet users. It also offers a great possibility, as seen by the fact that US$19 billion was invested in regional tech firms in H1 2021.
According to research done by Google, Temasek, and Bain, Southeast Asia’s digital economy is expected to reach $300 billion by 2025. This might also imply that the region’s billion-dollar enterprises will grow in number.
Here is the complete list of the 27 Southeast Asia Unicorns:
- Ajaib (Indonesia, 2019)
Total funding raised: Over US$240M
2. Ascend Money (Thailand, 2013)
Total funding raised: Undisclosed
3. Bitkub (Thailand, 2018)
Total funding raised: Undisclosed
4. Blibli (Indonesia, 2010)
Total funding raised: Undisclosed
5. Bukalapak (Indonesia, 2010)
Total funding raised: US$784 million
6. Carousell (Singapore, 2012)
Total funding raised: US$277 million +
7. Carro (Singapore, 2015)
Total funding raised: US$589.5 million
8. Carsome (Malaysia, 2015)
Total funding raised: US$107.4 million
9. Flash Group (Thailand, 2017)
Total funding raised: Undisclosed
10. Gojek (Indonesia, 2010)
Total funding raised: US$5.3 billion
11. Grab (Singapore, 2012)
Total funding raised: US$10 billion
12. J&T Express (Indonesia, 2015)
Total funding raised: US$2.2 billion
13. Lazada (Singapore, 2012)
Total funding raised: US$4.2 billion
14. Mynt (Philippines, 2015)
Total funding raised: Undisclosed
15. Nium (Singapore, 2015)
Total funding raised: US$280 million
16. OVO (Indonesia, 2017)
Total funding raised: Undisclosed
17. Patsnap (Singapore, 2007)
Total funding raised: US$351.6 million
18. Razer (Singapore/US, 2005)
Total funding raised: US$200 million
19. Revolution Precrafted (Philippines, 2015)
Total funding raised: Undisclosed
20. Sea (Singapore, 2009)
Total funding raised: US$2.6 billion
21. Tiket (Indonesia, 2011)
Total funding raised: Undisclosed
22. Tokopedia (Indonesia, 2009)
Total funding raised: US$2.8 billion
23. Traveloka (Indonesia, 2012)
Total funding raised: US$12 billion
24. Trax (Singapore, 2010)
Total funding raised: US$1 billion
25. VNG (Vietnam, 2004)
Total funding raised: Undisclosed
26. VNPay (Vietnam, 2007)
Total funding raised: US$300 million
27. Xendit (Indonesia 2015)
Total funding raised: US$238 million
These are the current 27 Southeast Asia unicorns & the list is still growing.