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South-East Asia churns out billion-dollar startups
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South-East Asia churns out billion-dollar startups

03 Feb 2019

Venture capital and private equity investment has soared to record levels.

 

A sharp rise in venture capital and private equity investment in South-East Asia has helped produce the region’s first set of unicorns—new companies that rapidly achieve market valuations of US$1 billion (S$1.4 billion) or more. Since 2012, 10 unicorns, including Grab, Go-Jek and Traveloka, have created a combined market value of US$34 billion (S$46 billion), ranking South-East Asia No. 3 in the Asia-Pacific region, behind only China and India.

 

This article is written by Suvir Varma and Alex Boulton. Suvir Varma is a senior advisor with Bain & Company’s Global Private Equity practice, based in Singapore. Alex Boulton is a principal in the firm’s Singapore office.

 

This article was first published on Bain's Insights on 13 November 2018.

 

To find out more about this research by Bain, read here.

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