GrabFood drivers line up to collect orders at the Pisang Goren Bunnik store in Jakarta, Indonesia.
Dimas Ardian | Bloomberg | Getty Images
According to Singapore-Jungle Ventures, Southeast Asian technology startups reached $ 340 billion last year, more than triple by 2025.
The forest is expected to generate $ 1 trillion for the region’s technological breakthrough over the next four years.
With that in mind, Southeast Asian business capital companies needed at least $ 250 million in public information on 31 startups. We have also made provisions to clarify issues such as the non-publication of many corporate capital transactions.
Ventowt’s co-founder Amit Annan told CNBC that the actual figure could be more than $ 340 billion.
“We put it behind the scenes, so it’s not hard to imagine that there is still unfinished rounds and more information on the radar companies. “is there.
“Looking at the growth of Southeast Asia over the last three to five years, if it continues, it will certainly happen. Even before 2025, it will reach $ 1 trillion. ”
Southeast Asian potential
Southeast Asia has about 400 million Internet users, 10% of whom went online for the first time in 2020.
According to industry reports from Google, Tamagne Holdings, Bay and Company, Singapore, Malaysia, Indonesia, the Philippines, Vietnam and Thailand (the largest economy in the region) will have an Internet economy of 9 billion by 2025. Expected. To be more than a dollar.
Investors write large checks, including private equity, so there is no shortage of financing options for startups in the region. Southeast Asian startups have a record $ 6 billion in the first three months of the year.
I think there is a lot of demand for food in the IPO market.
Amit Anand
Forest Ventures
He explained that some investors want “accelerated growth” in their investments compared to what they have received from other bodybuilding industries.
He described some of the launch sites in the region as “benefit of the starting lineup”. Companies benefit from learning from the successes and failures of their peers in the United States, China, and India.
Get out of strategy
Many of the region’s most famous startups are in the process of being listed, and some have already announced major public launch plans.
Ride Hailing Giant Grab has announced a merger of 39.6 billion SPACs in one of the largest blank-check transactions by April. Indonesia’s new integrated technology giant will soon be listed.
Singapore-based real estate company Guru will also be listed as a result of the SPAC merger, and Indonesian e-commerce company Bukalapak is reported to have launched on Friday.
According to Michael Ginsts of Golden Gate Ventures, the introduction of an empty check company will allow startups to be explored more by investors, especially in the United States.
They are more likely to criticize the target companies they are going to launch because they think they are a little offended by the SPAC market.
Founders typically sell their startups to large companies or publish them through an “exit” process through an IPO. Mega SPAC transactions such as Grab are still relatively rare.
The cost of most startups in the region is still less than $ 1 billion, Linds explained, mostly through mergers and acquisitions.
IPO demand
Fans of Forest Forest, who have been eagerly awaiting the launch of the start-up, said many of the company’s portfolio companies in the region are encouraging IPOs.
“I think there is a lot of interest in the IPO market,” he said.
He explained that some local stock markets have not yet been able to manage mega IPOs, most of which are expected in the United States, but less than $ 5 billion are listed in the domestic market. He said he could benefit. Have a double list IPO.
“The government has a lot to do before we get there, but it will set another international standard,” he said.