We used CB Insights’ real-time unicorn tracker to identify all the Asia-based startups globally that have reached unicorn status, i.e. are valued at more than $1B. There are a total of 29 Asian unicorns with an aggregate value of $144B, which translates to 30% of the valuation of all 131 unicorns combined as of August 26, 2015.
We also used CB Insights’ data to list each of the Asian unicorns’ total funding, notable investors, and to rank them against one another and in the context of the larger global unicorn list. Take a look.
1. Xiaomi
Valuation: $46B
Global Unicorn Rank: 2nd
Total funding: $1.45B
Country: China
Notable Investors: IDG Capital Partners, Morningside Group, and QiMing Venture Partners
Xiaomi, the Chinese smartphone maker, raised an attention-grabbing $1.1B Series E round in 2014, which included the participation of DST Global and was led by All-Stars Investment, an up-and-coming Hong Kong-based fund run by former Morgan Stanley Analyst Richard Ji. All-Stars also led a $250M financing of TuJia, China’s version of AirBnB, number 27 on our Asian unicorn list.
2. Flipkart
Valuation: $16B
Global Unicorn Rank: 5th
Total funding: $3.1B
Country: India
Notable Investors: Tiger Global Management, Iconiq Capital, Accel Partners
Flipkart, the Indian e-commerce giant that has centered its strategy on mobile, has raised over $3B, most recently from money manager Steadview Capital and financial services firm Morgan Stanley.
3. Didi Kuaidi
Valuation: $15B
Global Unicorn Rank: 7th
Total Funding: $2.7B
Country: China
Notable Investors: Tencent, Alibaba Group, Matrix Partners China
Didi Kuaidi, a Chinese competitor to Uber (which itself is aggressively expanding in China), raised a giant $2B Series F round in July 2015 from several investors, including Ping An Ventures and Capital International Private Equity Fund among others.
Valuation: $10B
Global Unicorn Rank: 10th
Total Funding: $75M
Country: China
Notable Investors: Sequoia Capital, Accel Partners
Shenzhen-based aerial robotics manufacturer DJI Innovations has raised $75M from investors, including well-known venture capital firms Sequoia Capital and Accel Partners. The firm has a 70% share of the global consumer drone market, according to Frost & Sullivan.
5. Lufax
Valuation: $10B
Global Unicorn Rank: 10th
Total Funding: $485M
Country: China
Notable Investors: CDH Investments, China International Capital Corporation, Morgan Stanley, Ping An Ventures
Chinese peer-to-peer lending unicorn Lufax recently raised funding from CDH Investments and China International Capital Corporation.
6. Meituan
Valuation: $7B
Global Unicorn Rank: 16th
Total Funding: $1B
Country: China
Notable Investors: Sequoia Capital China, Alibaba Group, and General Atlantic
The Groupon clone and China-based discount platform raised a $700M Series D from various investors this past December.
7. Coupang
Valuation: $5B
Global Unicorn Rank: 18th
Total Funding: $1.4B
Country: South Korea
Notable Investors: Founder Collective, Rose Park Advisors, Sequoia Capital, Softbank Corporation, and BlackRock
Coupang is a South Korean e-commerce company known for its advanced logistics that recently raised a $1B Series E from Softbank Corp. in June 2015. The company previously raised large rounds from BlackRock and Sequoia Capital.
8. Dianping
Valuation: $4B
Global Unicorn Rank: 22nd
Total Funding: $1.4B
Country: China
Notable Investors: Google, Lightspeed Venture Partners, Sequoia Capital China, Trustbridge Partners
Shanghai-based Dianping, a restaurant review and group-buying service, raised an $850M round this past April. The company has been described as a hybrid between Yelp and Groupon.
9. Snapdeal
Valuation: $3B
Global Unicorn Rank: 29th
Total Funding: $1.5B
Country: India
Notable Investors: Nexus Venture Partners, Bessemer Venture Partners, Kalaari Capital, Alibaba Group, Foxconn Technology Company, and BlackRock
India-based e-commerce company Snapdeal has recently raised a $500M round earlier this month. The round included Alibaba Group, Foxconn Technology Company, Softbank Corp., and BlackRock, among others. Snapdeal is Flipkart’s main competitor, and the investment gives Alibaba a view into India’s fast-growing e-commerce market.
10. VANCL
Valuation: $3B
Global Unicorn Rank: 29th
Total Funding: $430M
Country: China
Notable Investors: Ceyuan Ventures, SAIF Partners, IDG Capital Partners, QiMing Venture Partners, Temasek Holdings, Lei Jun, Tiger Global Management
VANCL, the e-commerce website fashion company based out of Beijing, most recently raised a Series G financing round of $100M. Investors included Temasek, and IDG Capital Partners as well as several others. Interestingly, Lei Jun, chairman and CEO of the top Asian unicorn, Xiaomi, is also an investor in VANCL.
11. Olacabs
Valuation: $2.4B
Global Unicorn Rank: 41st
Total Funding: $810M
Country: India
Notable Investors: Matrix Partners India, Tiger Global Management, Sequoia Capital India, Steadview Capital, and Softbank Corp.
Indian Uber competitor Olacabs raised a $400M Series E in April 2015. Japanese telecom giant Softbank Corp. has backed Ola, along with three of other Asia-based Uber competitors, including GrabTaxi, number 14 below.
Valuation: $2B
Global Unicorn Rank: 43rd
Total Funding: $585M
Country: India
Notable Investors: Intel Capital, Alibaba Group, Sapphire Ventures, and Ant Financial Services Group
Delhi-based online payments and marketplace company One97 Communications recently completed a deal with Alibaba-affiliated Ant Financial Services Group that gave the latter a 30% stake in One97.
13. Trendy Group International
Valuation: $2B
Global Unicorn Rank: 43rd
Total Funding: $200M
Country: China
Notable Investors: L Capital Partners
Trendy Group International is a casual-wear company based in the southern Chinese city of Guangzhou. The company directly owns hundreds of stores and has hundreds of franchises for its four brands, including Ochirly.
14. GrabTaxi
Valuation: $1.8B
Global Unicorn Rank: 55th
Total Funding: $690M
Country: Singapore
Notable Investors: Vertex Venture Holdings, Qunar, GGV Capital, Hillhouse Capital Management, and Tiger Global Management
GrabTaxi is a Singapore-based Uber competitor. They now operate in 6 Southeast Asian countries, including Thailand and Malaysia, and 21 cities.
15. Koudai Gouwu
Valuation: $1.4B
Global Unicorn Rank: 71st
Total Funding: $362M
Country: China
Notable Investors: Chengwei Capital, Warburg Pincus, Tencent
Tencent led a $350M Series C round to lead-generation and mobile e-commerce platform Koudai Gouwu last October. Koudai, based in Beijing, operates a mobile-focused marketplace that integrates with WeChat, Tencent’s ultra-popular messaging service.
16. Lazada
Valuation: $1.2B
Global Rank: 75th
Total Funding: $763M
Country: Thailand
Notable Investors: Kinnevik, JPMorgan Chase & Co., Rocket Internet, Holtzbrinck Ventures, and Temasek
Lazada is an e-commerce retailer headquartered in Bangkok, Thailand. Temasek led their last round, and their investor rolodex includes Summit Partners and Rocket Internet among others.
17. Aiwujiwu
Valuation: $1B
Global Unicorn Rank: 91st
Total Funding: $155M
Country: China
Notable Investors: Morningside Group, Banyan Capital, GGV Capital, Shunwei Fund
Shenzhen-based online real estate agency firm Aiwujiwu, raised a $120M round in May 2015.
18. Apus Group
Valuation: $1B
Global Unicorn Rank: 91st
Total Funding: $116M
Country: China
Notable Investors: Redpoint Ventures, Northern Light Venture Capital, Chengwei Capital, QiMing Venture Partners, Susquehanna International Group
Apus Group is an Android application developer that raised a $100M Series B at the beginning of this year. In June 2015, the company released a mobile browser.
19. BeiBei
Valuation: $1B
Global Unicorn Rank: 91st
Total Funding: $124M
Country: China
Notable Investors: Mizhe.com, Banyan Capital, and IDG Capital Partners
BeiBei is a China-based e-commerce platform focused on selling children’s brands, which raised an $100M Series C earlier this year.
Valuation: $1B
Global Unicorn Rank: 91st
Total Funding: $35M
Country: China
Notable Investors: Broadline Capital and UBS
China Rapid Finance is a an online consumer-lending marketplace focused on China’s emerging middle class. The company raised a $35M Series C in July 2015 from Broadline and UBS.
21. Fanli
Valuation: $1B
Global Unicorn Rank: 91st
Total Funding: $30M
Country: China
Notable Investors: QiMing Venture Partners and Steamboat Ventures, Rakuten Ventures
Shanghai, China-based Fanli, is an online rebate and flash deals site with 70M members as of April 2015. The venture arm of Japan-based internet-services giant Rakuten is one of the company’s backers.
22. InMobi
Valuation: $1B
InMobi is a mobile advertising and mobile ad network company headquartered in Singapore. They raised $200M in corporate minority funding back in 2011 from Softbank Corp.
Global Unicorn Rank: 91st
Total Funding: $221M
Country: India
Notable Investors: Mumbai Angels, Kleiner Perkins Caufield & Byers, Sherpalo Ventures, Softbank Corporation
23. Mogujie
Valuation: $1B
Global Unicorn Rank: 91st
Total Funding: $200M
Country: China
Notable Investors: Bertelsmann Digital Media Investments, Beta Fund, Trustbridge Partners, IDG Capital Partners, QiMing Venture Partners
Mogujie, a social commerce site comparable to Pinterest, raised $200M in June 2014 from a group of investors including QiMing Venture Partners.
24. Panshi
Valuation: $1B
Global Unicorn Rank: 91st
Total Funding: $220M
Country: China
Notable Investors: NewMargin Ventures, Fang Fund Partners, JD Capital Management, Shanghai Lefeng Investment, WI Harper Group
Panshi, a Hangzhou-based advertising services company focused on small- and medium-sized businesses, raised a $200M Series B round in May 2015.
25. TuJia Online Information Technology
Valuation: $1B
Global Unicorn Rank: 91st
Total Funding: $464M
Country: China
Notable Investors: CDH Investments, Ctrip, China Broadband Capital, GGV Capital, HomeAway, Lightspeed Venture Partners, QiMing Venture Partners, All-Stars Investment
TuJia is the Chinese version of AirBnB, a vacation and temporary rentals site based in Beiguan, China. They raised a $300M led by All-Stars Investment in June 2015.
26. Yello Mobile
Valuation: $1B
Global Unicorn Rank: 91st
Total Funding: $100M
Country: South Korea
Notable Investors: Formation 8
Yello Mobile, a Seoul-based umbrella company that acquires mobile startups, raised a $100M growth financing round from San Francisco-based VC Formation 8 in November 2014.
27. Zomato Media
Valuation: $1B
Global Unicorn Rank: 91st
Total Funding: $163M
Country: India
Notable Investors: Info Edge, Sequoia Capital India, VY Capital
Zomato Media, the restaurant-search application based in India, is now used in 22 countries and raised a $50M Series F in April 2015.
If you aren’t already a client, sign up for a free trial to learn more about our platform.