Cockroaches might be the coolest new thing but we can never get over of unicorns
Southeast Asia has seen the emergence of unicorns –companies with private valuation of over US$1 billion — in the past few years.
In fact, companies such as Grab and Lazada gained over US$2 billion of valuation.
Venture capital firm Golden Gate Ventures (GGV) believes that startup activity in the ecosystem is at a critical inflexion point, with VC funding doubling year on year in the first quarter of 2016 — despite a slowing global economy and volatility in emerging markets. Even data indicates that in the last five months alone, US$1.7 billion has been invested in 473 deals.
Check out the following infographic by GGV to see how the region fares in terms of breeding unicorns:
Image Credit: Pixabay
The post Watching baby unicorns grow up: The state of investment in Southeast Asia appeared first on e27.
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