With Southeast Asian players like ride-hailing giant Grab beating out international competition last year and record funding growth in the region in 2017, it’s clear that Southeast Asia’s startup scene is booming.
In 2012, the total funding for tech startups in the region was US$281 million, according to the ASEAN Post. This amount climbed to US$10.9 billion by the end of 2018.
Image: (Top L-R) Singapore’s Minister of Trade and Industry and Japan’s Minister of Economy, Trade, and Industry with representatives from (Bottom L-R) EDB, JETRO, and Enterprise Singapore at the signing of the MOU in 2018 / Photo credit: EDB
