Eight of the 15 Asia-Pacific countries featured in our map have at least one startup that has raised $100M+.

Asia is the earth’s largest and most populous continent. Nearly one-third of the world’s private “unicorn” companies that are valued at $1B+, are headquartered there, 52 unicorn companies total. China holds the most, with over two-thirds (71%) of the continent’s billion-dollar startups.

Now, the tech boom is diffusing across Asia and Oceania; startups outside of the established hotbeds for technology and innovation are raising vast sums of money.

Using CB Insights data, we analyzed the most well-funded tech startups in the Asia-Pacific region by country based on disclosed equity funding. We excluded debt funding and only considered VC-backed companies that have raised at least $1M of equity funding to date. Every country included on the map has at least one startup with $1M+ in equity funding, and every company featured has raised equity funding since 2012.

Eight of the 15 Asia-Pacific countries featured in our map have at least one startup that has raised $100M+, and 6 Asian countries on the map have seen at least one unicorn birth.

After China’s 37 unicorns, India has the second most with eight. Other countries with startups valued at $1B+ include: South Korea (Coupang, CJ Games, Yello Mobile), Singapore (Grab, Garena Online), Japan (Mercari), and Indonesia (Go-JEK).

Countries whose top five most well-funded VC-backed tech startups that did not have a combined total of $3M+ in equity funding were excluded. With these criteria for selection, some countries did not make the map—including Mongolia, Timor-Leste, and others. The least well-funded startup on the map is in Bangladesh: the on-demand grocery delivery platform Chaldal, with $120K in equity funding in a seed round from Y Combinator. The most well-funded tech startup in Asia is China’s Didi Chuxing, which has raised $8.6B and is valued at $33.8B.

See the infographic below. The full list of startups is included at the end of this post.

To look up each startup’s funding totals, financing details, investors, and momentum, sign up today for a free trial of our startup and venture capital database

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Map 5

Most Well-Funded VC-Backed Tech Companies In Select Countries In The Asia-Pacific Region
2012 – 2016 YTD (10/20/2016)
Company Headquartered
Didi Chuxing China
China Internet Plus (Meituan-Dianping) China
Xiaomi China
Ele.me China
Lu.com China
Flipkart India
Olacabs India
Snapdeal India
One97 Communications India
Quikr India
Coupang South Korea
CJ Games South Korea
Yello Mobile South Korea
Woowa Brothers South Korea
ZigBang South Korea
Grab Singapore
Zalora Singapore
PropertyGuru Singapore
Garena Online Singapore
iCarsClub Singapore
Go-Jek Indonesia
Tokopedia Indonesia
Baca Indonesia
Orami Indonesia
HaloDoc Indonesia
Campaign Monitor Australia
Guvera Australia
The Iconic Australia
Prospa Australia
hipages Australia
WeLab Hong Kong
Tink Labs (Handy) Hong Kong
Giosis Group (Qoo10) Hong Kong
Futu5 Hong Kong
Glamour Sales Holding Hong Kong
Mercari Japan
gumi Japan
SmartNews Japan
freee Japan
iFlix Malaysia
KFit Malaysia
iMoney Malaysia
Kaodim Malaysia
Jirnexu Malaysia
Vend New Zealand
Unleashed Software New Zealand
PowerbyProxi New Zealand
90 Seconds New Zealand
2degrees New Zealand
Zameen Pakistan
Naseeb Networks Pakistan
Pak eVentures (pakwheels.com) Pakistan
Vivid Technologies Pakistan
PerkUp Pakistan
aCommerce Thailand
Omise Thailand
2C2P Thailand
Eko Communications Thailand
PlayLab Thailand
Lenddo Philippines
ABC360 Philippines
Ayannah Information Solutions Philippines
ZipMatch Philippines
Kalibrr Philippines
Tiki Vietnam
Triip Vietnam
TaEmBe Vietnam
Cloudwell Bangladesh
Priyo Bangladesh
Chaldal Bangladesh

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