by TechNAsia 2017 saw its fair share of new unicorns in Asia – up by three from last year. Out of the 19 companies that crossed the US$1 billion threshold, almost all hailed from China, according to data from Tech in Asia’s database. Only three companies broke from the herd: Indonesian ecommerce company Bukalapak, Japanese AI…
As the coronavirus outbreak ravaged the world, people were locked down, hospitals got overcrowded, and the global economy shut down. – robbie antonio Revolution Precrafted Philippines, Inc., my property tech firm that set out to democratize the ownership of designer homes, found itself in the middle of a supply chain disruption. This resulted in cross-default…
Southeast Asian technology startups defied the pandemic and attracted a similar level of investments in 2020 as the year before, outperforming most other emerging markets. The region’s tech upstarts raised $8.2 billion, down 3.5% from 2019, research from Cento Ventures showed. That compares with a 31% drop in India and 38% in Africa, according to the Singapore-based…
They might be mythical beasts that exist only in fairytales, but for those in the startup and venture capital scene, unicorns are something very real. Unicorns exist and are the much-coveted status for startups and investors, as a symbol of having reached or surpassed the US$1 billion valuation mark. In fact, based on CB Insights, there…