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Tracxn - Southeast Asia Tech - Top Business Models - Apr 2022

The Tracxn report from April 2022 provides insights into the Southeast Asia tech funding landscape, highlighting the top funded business models and significant investment trends. Key sectors include logistics tech, payments, and alternative lending, with major funding rounds attributed to firms like Coda Payments and Grab. The report emphasizes a dramatic increase in investments and the rising prominence of digital wallets and online business payments in the region.

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TRACXN TOP BUSINESS MODELS REPORT April 22, 2022 SOUTHEAST ASIA TECH
Southeast Asia Tech - Top Business Models Report Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Contents Southeast Asia Tech Funding Overview 3 Top Funded Business Models 4 One Pagers 9 Appendix 59 2
Southeast Asia Tech - Top Business Models Report Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Southeast Asia Tech - Funding in last 1 year 3 Logistics Tech $4.2B Payments $3.4B Alternative Lending $1.7B Auto E-Commerce & Content $1.0B B2B E-Commerce $1.0B Road Transport Tech $934M Y-o-Y Funding Top Investors by Funding Rounds Seed Stage Y Combinator East Ventures Global Founders Capital 47 20 20 Early Stage East Ventures ACVentures Insignia Ventures Partners 21 16 14 Late Stage EDBI Sequoia Capital Tiger Global Management 8 7 6 Funding by Geography Top Feeds by $ Funding Top Funding Rounds $ Funding # Rounds J&T Express (2015, ) $2.5B - Series C Coda Payments (2011, ) $690M - Series C EMERITUS (2010, ) $650M - Series E Ninja Van (2014, ) $578M - Series E Atome (2016, ) $500M - Series D Grab (2012, ) $375M - Series H CARRO (2015, ) $360M - Series C Mynt (2015, ) $300M - Series D Gojek (2010, ) $300M - Series H Carsome (2015, ) $300M - Series E Tiki (2010, ) $258M - Series E Acronis (2003, ) $250M - Series E Singapore (51%) Jakarta (28%) Ho Chi Minh City (4%) Hanoi (3%) Petaling Jaya (2%) Others (12%)
Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Southeast Asia Tech - Top Business Models Report Southeast Asia Tech - Top Funded Business Models - last 1 year (1/5) 4 Rank Business Model $ Funding # Rounds Top Funding Round Details 1▲16 Online Business Payments $1.1B 7 Coda Payments | $690M | Series C Link 2▲5 Digital Wallets $998M 7 Grab | $375M | Series H Link 3-- Online Professional Learning Courses $650M 2 EMERITUS | $650M | Series E Link 4-- Retail Stores Shopper Financing Platforms $540M 2 Atome | $500M | Series D Link 5▲32 C2B Used Cars Marketplaces $512M 4 Carsome | $300M | Series E Link 6▲78 P2P Used Cars Marketplaces $483M 4 CARRO | $360M | Series C Link 7▲16 Business Payments Solutions $400M 3 VNPAY | $250M | Series B Link 8-- Online B2B Horizontal Retailers $382M 5 Moglix | $250M | Series F Link 9▲28 Internet First P2P Business Loans $334M 6 Modalku | $144M | Series C Link 10-- PC and Console Casual NFT Game Developers $312M 4 Sky Mavis | $152M | Series B Link * Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.
Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Southeast Asia Tech - Top Business Models Report Southeast Asia Tech - Top Funded Business Models - last 1 year (2/5) 5 Rank Business Model $ Funding # Rounds Top Funding Round Details 11▼1 Two Wheeler Ride Hailing $300M 1 Gojek | $300M | Series H Link 12-- Internet First Point of Sale Financing Marketplaces $252M 3 FinAccel | $125M | Series C Link 13-- Omnichannel Banking Solutions $250M 1 VNLIFE | $250M | Series B Link 14▲12 B2B Grocery Marketplace $233M 6 Ula | $87.0M | Series B Link 15▼3 B2B Horizontal Marketplaces $213M 7 GudangAda | $100M | Series B Link 16▲136 Remittance Softwares for Enterprises $205M 3 NIUM | $200M | Series D Link 17-- Life Sciences Research Instruments $200M 1 Esco Lifescie.. | $200M | Series A Link 18▼20 Residential Real Estate Listings $172M 3 PropertyGuru | $147M | Series D Link 19▲42 Online K-12 Chinese Tutoring $162M 3 LingoAce | $105M | Series C Link 20-- Strategy NFT Games $160M 5 Axie | $150M | Series B Link * Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.
Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Southeast Asia Tech - Top Business Models Report Southeast Asia Tech - Top Funded Business Models - last 1 year (3/5) 6 Rank Business Model $ Funding # Rounds Top Funding Round Details 21▲16 Plant Based Meat Substitutes $150M 5 Next Gen Foods | $100M | Series A Link 22▲3 Rewards and Cashback Apps $150M 1 ShopBack | $150M | Series B Link 23▲94 Corporate Travel & Expense Cards $148M 3 Spenmo | $85.3M | Series B Link 24▲14 Retail Banking $148M 2 TONIK | $131M | Series B Link 25▲32 CPG Brands E-Commerce Software Suite $128M 7 SIRCLO | $45.0M | Series B Link 26▲72 Pan-Cancer Drugs $125M 1 Hummingbird B.. | $125M | Series C Link 27-- B2B Grocery Marketplaces $123M 3 Growsari | $77.5M | Series C Link 28▲138 Cryptocurrency Banking $120M 2 Sygnum | $120M | Series B Link 29▲18 Cryptocurrency Exchanges $119M 10 PDAX | $50.0M | Series B Link 30▲91 Crypto Financial Services $114M 6 Matrixport | $100M | Series C Link * Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.
Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Southeast Asia Tech - Top Business Models Report Southeast Asia Tech - Top Funded Business Models - last 1 year (4/5) 7 Rank Business Model $ Funding # Rounds Top Funding Round Details 31▼20 Online P2P Second Hand Goods Listings $110M 2 Carousell | $100M | Series E Link 32▼22 Web Based Platform for Doctor Consultation $104M 3 Doctor Anywhere | $104M | Series C Link 33▲5 White Label Wallet Solutions $102M 2 MatchMove | $100M | Series D Link 34-- B2B Farm Produce Marketplaces $102M 5 TaniHub | $65.5M | Series B Link 35-- Internet First NFC Prepaid Cards $100M 1 BigPay | $100M | Series A Link 36▲63 Cryptocurrency Custodian Services $98.0M 3 Hex Trust | $88.0M | Series B Link 37▼35 Bioplastics $95.1M 1 RWDC Industr.. | $95.1M | Series B Link 38▲183 Cryptocurrency Trading Platforms $95.0M 4 AscendEX | $50.0M | Series B Link 39▼12 Free Float Electric Kick Scooter Rentals $93.0M 1 Beam | $93.0M | Series B Link 40▼10 Mutual Fund Investment Platforms $90.0M 4 Pluang | $55.0M | Series C Link * Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.
Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Southeast Asia Tech - Top Business Models Report Southeast Asia Tech - Top Funded Business Models - last 1 year (5/5) 8 Rank Business Model $ Funding # Rounds Top Funding Round Details 41-- Internet First Personal Loans Marketplace $90.0M 2 JULO | $60.0M | Series B Link 42-- CPG Brands Storefronts $80.0M 2 LummoSHOP | $80.0M | Series C Link 43-- Payroll Management $77.2M 3 Multiplier | $60.0M | Series B Link 44-- Fitness & Nutrition Training & Planning Apps $75.0M 1 Healthify | $75.0M | Series C Link 45▲1 OTT Live Streaming Distribution Solutions $73.7M 2 Kumu | $73.7M | Series C Link * Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.
Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Southeast Asia Tech - Top Business Models Report Recent Funding Rounds Coda Payments (2011) $690M - Series C - Apr 2022 Voyager Innovations (2013) $210M - Series F - Apr 2022 $167M - Series E - Jun 2021 OY! (2017) $30.0M - Series A - Sep 2021 $45.0M - Series A - Jul 2021 Durianpay (2020) $2.0M - Seed - Aug 2021 Dragonpay (2010) Undisclosed - Series B - Jul 2021 Online Business Payments - Southeast Asia 01 9 Back to index Payments (Grab) (# Cos: 1048 | $20.3B) Business Payments (Xendit) (# Cos: 497 | $2.8B) Online Payments (Coda Payments) (# Cos: 196 | $1.7B) Taxonomy $ Invested in last 1 year in Southeast Asia Tech Key Stats # Funding Rounds in last 1 year in Southeast Asia Tech $1.1B (▲940%) 7(▲40%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 7 $1.7B 29 - 196 6 Coda Payments (2011, $715M) InstaReM (2014, $59.5M) Voyager Innovations (2013, $712M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Southeast Asia Tech - Top Business Models Report Recent Funding Rounds Grab (2012) $375M - Series H - Jul 2021 Mynt (2015) $300M - Series D - Nov 2021 Gojek (2010) $300M - Series H - May 2021 MoMo (2007) $200M - Series E - Dec 2021 Ascend Money (2013) $150M - Series C - Sep 2021 Flip (2016) $48.0M - Series B - Dec 2021 TNG Digital (2017) Undisclosed - Seed - Jul 2021 Digital Wallets - Southeast Asia 02 10 Back to index Payments (Xendit) (# Cos: 1048 | $20.3B) Consumer Payments (Gojek) (# Cos: 470 | $17.3B) Wallets (Grab) (# Cos: 189 | $16.8B) Taxonomy $ Invested in last 1 year in Southeast Asia Tech Key Stats # Funding Rounds in last 1 year in Southeast Asia Tech $998M (▲74.6%) 7(▼58.8%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 7 $16.8B 32 - 189 11 Grab (2012, $10.4B) Gojek (2010, $4.9B) LinkAja (2019, $100M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Southeast Asia Tech - Top Business Models Report Recent Funding Rounds Online Professional Learning Courses - Southeast Asia 03 11 Back to index Taxonomy $ Invested in last 1 year in Southeast Asia Tech Key Stats # Funding Rounds in last 1 year in Southeast Asia Tech $650M ( -- ) 2( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $691M 10 - 139 1 Continued Learning (Cakap) (# Cos: 705 | $730M) Professional (Binar Academy) (# Cos: 327 | $712M) Online Learning (Hacktiv8) (# Cos: 322 | $701M) Multi Disciplinary (Kyna.vn) (# Cos: 154 | $692M) Online Courses (EMERITUS) (# Cos: 139 | $691M) EMERITUS (2010, $690M) Kyna.vn Mindtera Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. EMERITUS (2010) $650M - Series E - Aug 2021 Mindtera (2021) Undisclosed - Seed - Aug 2021
Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Southeast Asia Tech - Top Business Models Report Recent Funding Rounds Atome (2016) $500M - Series D - Oct 2021 Pace (2020) $40.0M - Series A - Nov 2021 Retail Stores Shopper Financing Platforms - Southeast Asia 04 12 Back to index In Store Retail Tech (Moka) (# Cos: 380 | $2.1B) Purchase Financing (Pace) (# Cos: 2 | $540M) Shopper (Atome) (# Cos: 2 | $540M) Taxonomy $ Invested in last 1 year in Southeast Asia Tech Key Stats # Funding Rounds in last 1 year in Southeast Asia Tech $540M ( -- ) 2( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $540M 2 - 2 1 Atome (2016, $500M) Pace (2020, $40.0M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Southeast Asia Tech - Top Business Models Report Recent Funding Rounds C2B Used Cars Marketplaces - Southeast Asia 05 13 Back to index Taxonomy $ Invested in last 1 year in Southeast Asia Tech Key Stats # Funding Rounds in last 1 year in Southeast Asia Tech $512M (▲1607%) 4(▲300%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $661M 7 - 17 3 Auto E-Commerce & Content (Roojai) (# Cos: 440 | $1.4B) Second Hand Vehicles (Carmudi Indonesia) (# Cos: 159 | $1.3B) Cars (CARRO) (# Cos: 129 | $1.3B) C2B Marketplace (Carsome) (# Cos: 17 | $661M) Carsome (2015, $586M) Moladin (2016, $43.2M) myTukar (2017, $30.9M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Carsome (2015) Undisclosed - Series E - Mar 2022 $300M - Series E - Jan 2022 $170M - Series D - Sep 2021 Moladin (2016) $42.0M - Series A - Jan 2022
Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Southeast Asia Tech - Top Business Models Report Recent Funding Rounds P2P Used Cars Marketplaces - Southeast Asia 06 14 Back to index Taxonomy $ Invested in last 1 year in Southeast Asia Tech Key Stats # Funding Rounds in last 1 year in Southeast Asia Tech $483M (▲4287%) 4(▲300%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 1 $602M 3 - 9 1 Auto E-Commerce & Content (Roojai) (# Cos: 440 | $1.4B) Second Hand Vehicles (Carmudi Indonesia) (# Cos: 159 | $1.3B) Cars (Carsome) (# Cos: 129 | $1.3B) P2P Marketplace (CARRO) (# Cos: 9 | $602M) CARRO (2015, $602M) Otobro Caramo Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. CARRO (2015) $7.0M - Series C - Jan 2022 $15.6M - Series C - Dec 2021 $100M - Series C - Nov 2021 $360M - Series C - Jun 2021
Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Southeast Asia Tech - Top Business Models Report Recent Funding Rounds VNPAY (2007) $250M - Series B - Aug 2021 Xendit (2014) $150M - Series C - Sep 2021 Doku (2007) $32.0M - PE - Aug 2021 Business Payments Solutions - Southeast Asia 07 15 Back to index Payments (Grab) (# Cos: 1048 | $20.3B) Business Payments (Moka) (# Cos: 497 | $2.8B) Diversified (Xendit) (# Cos: 80 | $948M) Taxonomy $ Invested in last 1 year in Southeast Asia Tech Key Stats # Funding Rounds in last 1 year in Southeast Asia Tech $400M (▲466%) 3( <> 0% ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 7 $948M 14 2 80 6 Xendit (2014, $238M) 2C2P (2003, $85.0M) MC Payment (2005, $8.0M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Southeast Asia Tech - Top Business Models Report Recent Funding Rounds Moglix (2015) $250M - Series F - Jan 2022 $120M - Series E - May 2021 Dagangan (2008) $11.5M - Series A - Sep 2021 Undisclosed - Seed - Jun 2021 EI Industrial (2018) $670K - Seed - Oct 2021 Online B2B Horizontal Retailers - Southeast Asia 08 16 Back to index B2B E-Commerce (ShopUp) (# Cos: 356 | $1.8B) Horizontal (Ula) (# Cos: 83 | $943M) E-Distributor (Moglix) (# Cos: 24 | $505M) Taxonomy $ Invested in last 1 year in Southeast Asia Tech Key Stats # Funding Rounds in last 1 year in Southeast Asia Tech $382M ( -- ) 5( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 1 $505M 6 1 24 3 Moglix (2015, $471M) Dagangan (2008, $11.5M) Bhinneka (1993, $22.0M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Southeast Asia Tech - Top Business Models Report Recent Funding Rounds Internet First P2P Business Loans - Southeast Asia 09 17 Back to index Taxonomy $ Invested in last 1 year in Southeast Asia Tech Key Stats # Funding Rounds in last 1 year in Southeast Asia Tech $334M (▲1275%) 6(▼14.3%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 1 $488M 15 - 27 8 Alternative Lending (Akulaku) (# Cos: 733 | $3.1B) Online Lenders (Kredivo) (# Cos: 559 | $2.7B) Business Loans (Amartha) (# Cos: 141 | $712M) Diversified (Funding Societies) (# Cos: 40 | $492M) Marketplace (Modalku) (# Cos: 33 | $492M) P2P (Investree) (# Cos: 27 | $488M) Investree (2015, $23.5M) Modalku (2016, $145M) Funding Societies (2015, $217M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Modalku (2016) $144M - Series C - Feb 2022 Funding Societies (2015) $144M - Series C - Feb 2022 Undisclosed - Series C - Oct 2021 Validus (2015) $37.5M - Series B - May 2021 Crowdo (2012) $5.9M - Series A - Jan 2022 Komunal (2018) $2.1M - Series A - Sep 2021
Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Southeast Asia Tech - Top Business Models Report Recent Funding Rounds PC and Console Casual NFT Game Developers - Southeast Asia 10 18 Back to index Taxonomy $ Invested in last 1 year in Southeast Asia Tech Key Stats # Funding Rounds in last 1 year in Southeast Asia Tech $312M ( -- ) 4( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $313M 3 - 4 1 PC & Console Gaming (Axie) (# Cos: 235 | $670M) Game Developers (VNG) (# Cos: 115 | $367M) PC & Console Games (IGG) (# Cos: 83 | $362M) Casual Games (YOMI Studio) (# Cos: 54 | $313M) NFTs (Sky Mavis) (# Cos: 4 | $313M) Sky Mavis (2019, $311M) YOMI Studio (2015, $2.0M) Chumbi Valley Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Sky Mavis (2019) $150M - Series B - Apr 2022 $152M - Series B - Oct 2021 $7.5M - Series A - May 2021 YOMI Studio (2015) $2.0M - Seed - Apr 2022
Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Southeast Asia Tech - Top Business Models Report Recent Funding Rounds Gojek (2010) $300M - Series H - May 2021 Two Wheeler Ride Hailing - Southeast Asia 11 19 Back to index Road Transport Tech (Beam) (# Cos: 795 | $15.7B) Ride Hailing (Grab) (# Cos: 261 | $15.4B) Motorized Two-Wheelers (Gojek) (# Cos: 46 | $4.9B) Taxonomy $ Invested in last 1 year in Southeast Asia Tech Key Stats # Funding Rounds in last 1 year in Southeast Asia Tech $300M (▲98.7%) 1(▼75%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $4.9B 5 - 46 1 Gojek (2010, $4.9B) Angkas Teknojek Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Southeast Asia Tech - Top Business Models Report Recent Funding Rounds Internet First Point of Sale Financing Marketplaces - Southeast Asia 12 20 Back to index Taxonomy $ Invested in last 1 year in Southeast Asia Tech Key Stats # Funding Rounds in last 1 year in Southeast Asia Tech $252M ( -- ) 3( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $507M 6 - 12 2 Alternative Lending (Amartha) (# Cos: 733 | $3.1B) Online Lenders (Investree) (# Cos: 559 | $2.7B) Consumer Loans (FinAccel) (# Cos: 309 | $1.4B) Point of Sale Financing (Kredivo) (# Cos: 37 | $1.2B) Marketplace (Akulaku) (# Cos: 12 | $507M) Akulaku (2014, $345M) FinAccel (2015, $160M) Fundiin (2018, $1.8M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. FinAccel (2015) $125M - Series C - Sep 2021 Akulaku (2014) $125M - Series E - Jun 2021 Fundiin (2018) $1.8M - Seed - Sep 2021
Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Southeast Asia Tech - Top Business Models Report Recent Funding Rounds VNLIFE (2007) $250M - Series B - Jul 2021 Omnichannel Banking Solutions - Southeast Asia 13 21 Back to index Banking Tech (TONIK) (# Cos: 290 | $1.4B) Banking Channels (Active.Ai) (# Cos: 25 | $575M) Omnichannel (VNLIFE) (# Cos: 12 | $551M) Taxonomy $ Invested in last 1 year in Southeast Asia Tech Key Stats # Funding Rounds in last 1 year in Southeast Asia Tech $250M ( -- ) 1( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $551M 5 - 12 1 VNLIFE (2007, $550M) Bank Genie Wee Digital Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Southeast Asia Tech - Top Business Models Report Recent Funding Rounds B2B Grocery Marketplace - Southeast Asia 14 22 Back to index Taxonomy $ Invested in last 1 year in Southeast Asia Tech Key Stats # Funding Rounds in last 1 year in Southeast Asia Tech $233M (▲594%) 6(▲100%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $273M 5 - 9 3 Online Grocery (HappyFresh) (# Cos: 685 | $1.2B) B2B Ecommerce (TreeDots) (# Cos: 55 | $435M) Multi-Category (Growsari) (# Cos: 15 | $273M) Marketplace (Ula) (# Cos: 9 | $273M) Ula (2019, $141M) Growsari (2016, $123M) Zeemart (2016, $6.8M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Ula (2019) $23.1M - Series B - Nov 2021 $87.0M - Series B - Oct 2021 Growsari (2016) $77.5M - Series C - Mar 2022 $45.0M - Series C - Jan 2022 Undisclosed - Series B - Jun 2021 FreshKet (2016) Undisclosed - Series A - Mar 2022
Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Southeast Asia Tech - Top Business Models Report Recent Funding Rounds GudangAda (2019) $100M - Series B - Jul 2021 Ula (2019) $23.1M - Series B - Nov 2021 $87.0M - Series B - Oct 2021 Dropee (2016) $3.0M - Series A - Jan 2022 Burket (2018) Undisclosed - Seed - Jun 2021 Ralali (2015) Undisclosed - Series D - Mar 2022 Eezee (2016) Undisclosed - Seed - May 2021 B2B Horizontal Marketplaces - Southeast Asia 15 23 Back to index B2B E-Commerce (ShopUp) (# Cos: 356 | $1.8B) Horizontal (Moglix) (# Cos: 83 | $943M) Marketplace (Ula) (# Cos: 40 | $436M) Taxonomy $ Invested in last 1 year in Southeast Asia Tech Key Stats # Funding Rounds in last 1 year in Southeast Asia Tech $213M (▲158%) 7(▲40%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $436M 16 - 40 4 Ula (2019, $141M) Ralali (2015, $22.5M) GudangAda (2019, $135M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Southeast Asia Tech - Top Business Models Report Recent Funding Rounds NIUM (2002) $3.0M - Series D - Feb 2022 $200M - Series D - Jul 2021 Wallet Engine (2014) $2.4M - Seed - Dec 2021 Remittance Softwares for Enterprises - Southeast Asia 16 24 Back to index Digital Remittance (InstaReM) (# Cos: 160 | $1.1B) Enablers (Thunes) (# Cos: 17 | $433M) Software for Enterprises (NIUM) (# Cos: 11 | $303M) Taxonomy $ Invested in last 1 year in Southeast Asia Tech Key Stats # Funding Rounds in last 1 year in Southeast Asia Tech $205M (▲9679%) 3(▲50%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $303M 5 - 11 1 NIUM (2002, $300M) Qwikwire (2013, $460K) Wallet Engine (2014, $2.4M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Southeast Asia Tech - Top Business Models Report Recent Funding Rounds Esco Lifesciences (1978) $200M - Series A - May 2021 Life Sciences Research Instruments - Southeast Asia 17 25 Back to index Life Sciences Platforms and Tools (Cordlife) (# Cos: 138 | $557M) Instruments (Curiox) (# Cos: 19 | $230M) Diversified (Esco Lifesciences) (# Cos: 5 | $200M) Taxonomy $ Invested in last 1 year in Southeast Asia Tech Key Stats # Funding Rounds in last 1 year in Southeast Asia Tech $200M ( -- ) 1( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $200M 1 - 5 1 Esco Lifesciences (1978, $200M) Biomedia Watech Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Southeast Asia Tech - Top Business Models Report Recent Funding Rounds Residential Real Estate Listings - Southeast Asia 18 26 Back to index Residential Real Estate Tech (99 Group) (# Cos: 411 | $1.5B) Listings (PropertyGuru) (# Cos: 292 | $1.3B) Taxonomy $ Invested in last 1 year in Southeast Asia Tech Key Stats # Funding Rounds in last 1 year in Southeast Asia Tech $172M (▼63%) 3(▼57.1%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 20 $1.3B 45 2 292 5 PropertyGuru (2007, $642M) 99 Group (2014, $25.5M) PropertyGuru (2007, $543M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. PropertyGuru (2007) $147M - Series D - Aug 2021 Pinhome (2019) $25.5M - Series A - Jul 2021 PropertyScout (2019) Undisclosed - Seed - Jan 2022
Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Southeast Asia Tech - Top Business Models Report Recent Funding Rounds Online K-12 Chinese Tutoring - Southeast Asia 19 27 Back to index Taxonomy $ Invested in last 1 year in Southeast Asia Tech Key Stats # Funding Rounds in last 1 year in Southeast Asia Tech $162M (▲1143%) 3(▲50%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $182M 2 - 6 1 K-12 EdTech (Quipper) (# Cos: 878 | $704M) B2C Learning Solutions (Ruangguru) (# Cos: 395 | $538M) Language Learning (Cakap) (# Cos: 62 | $198M) Chinese (T-Lab) (# Cos: 9 | $182M) Online Tutoring (LingoAce) (# Cos: 6 | $182M) LingoAce (2013, $180M) T-Lab (2020, $1.6M) KIRIN Mandarin Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. LingoAce (2013) $105M - Series C - Dec 2021 $55.0M - Series B - Oct 2021 T-Lab (2020) $1.6M - Seed - Sep 2021
Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Southeast Asia Tech - Top Business Models Report Recent Funding Rounds Strategy NFT Games - Southeast Asia 20 28 Back to index Taxonomy $ Invested in last 1 year in Southeast Asia Tech Key Stats # Funding Rounds in last 1 year in Southeast Asia Tech $160M ( -- ) 5( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $166M 13 - 20 0 PC & Console Gaming (IGG) (# Cos: 235 | $670M) Blockchain Games (Heroverse) (# Cos: 48 | $182M) NFTs (Planet Sandbox) (# Cos: 48 | $182M) Strategy Games (Axie) (# Cos: 20 | $166M) Axie (2018, $159M) Heroverse (2021, $1.7M) Starbots (2021, $2.4M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Axie (2018) $150M - Series B - Oct 2021 $7.5M - Series A - May 2021 Chain Crisis (2021) $2.5M - Seed - Feb 2022 Starbots (2021) $2.4M - Seed - Nov 2021 Heroverse (2021) $1.7M - Seed - Sep 2021
Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Southeast Asia Tech - Top Business Models Report Recent Funding Rounds Plant Based Meat Substitutes - Southeast Asia 21 29 Back to index Taxonomy $ Invested in last 1 year in Southeast Asia Tech Key Stats # Funding Rounds in last 1 year in Southeast Asia Tech $150M (▲577%) 5( <> 0% ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $176M 9 - 10 2 Food Tech (Healthify) (# Cos: 873 | $753M) Novel Foods (TurtleTree) (# Cos: 35 | $256M) Food Products (Umami Meats) (# Cos: 32 | $211M) Alternative Proteins (Growthwell) (# Cos: 20 | $211M) Meat Substitute (Shiok Meats) (# Cos: 12 | $207M) Plant Based (Next Gen Foods) (# Cos: 10 | $176M) Next Gen Foods (2020, $132M) Growthwell (1989, $30.0M) Green Rebel (2021, $7.0M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Next Gen Foods (2020) $100M - Series A - Feb 2022 $20.0M - Seed - Jul 2021 Growthwell (1989) $22.0M - Series A - Sep 2021 Green Rebel (2021) $7.0M - Seed - Apr 2022 WTH (2019) $1.2M - Seed - Oct 2021
Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Southeast Asia Tech - Top Business Models Report Recent Funding Rounds Rewards and Cashback Apps - Southeast Asia 22 30 Back to index Taxonomy $ Invested in last 1 year in Southeast Asia Tech Key Stats # Funding Rounds in last 1 year in Southeast Asia Tech $150M (▲275%) 1(▼50%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 1 $292M 5 - 13 1 Coupons and Deals (Giladiskon) (# Cos: 265 | $477M) Rewards & Cashback (Snapcart) (# Cos: 75 | $423M) Online (Happihub) (# Cos: 35 | $406M) Horizontal (Fave) (# Cos: 35 | $406M) Mobile (ShopBack) (# Cos: 13 | $292M) ShopBack (2014, $260M) Fave (2015, $32.0M) Happihub Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. ShopBack (2014) $150M - Series B - Mar 2022
Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Southeast Asia Tech - Top Business Models Report Recent Funding Rounds Corporate Travel & Expense Cards - Southeast Asia 23 31 Back to index Taxonomy $ Invested in last 1 year in Southeast Asia Tech Key Stats # Funding Rounds in last 1 year in Southeast Asia Tech $148M (▲3518%) 3(▲50%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $152M 2 - 6 2 Finance & Accounting Tech (BukuWarung) (# Cos: 540 | $695M) Accounting Solutions (BukuKas) (# Cos: 404 | $622M) Procure to Pay (Spenmo) (# Cos: 39 | $163M) Travel & Expense (Jojonomic) (# Cos: 17 | $158M) Card Solutions (Volopay) (# Cos: 6 | $152M) Volopay (2020, $31.1M) Spenmo (2019, $121M) Xpensio Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Spenmo (2019) $85.3M - Series B - Feb 2022 $34.0M - Series A - Sep 2021 Volopay (2020) $29.0M - Series A - Mar 2022
Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Southeast Asia Tech - Top Business Models Report Recent Funding Rounds Retail Banking - Southeast Asia 24 32 Back to index Taxonomy $ Invested in last 1 year in Southeast Asia Tech Key Stats # Funding Rounds in last 1 year in Southeast Asia Tech $148M (▲605%) 2(▲100%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $175M 1 - 3 1 Banking Tech (Active.Ai) (# Cos: 290 | $1.4B) Internet First Banks (Aspire) (# Cos: 52 | $331M) Digital Native Banks (Opal Payment) (# Cos: 6 | $175M) Retail Banking (TONIK) (# Cos: 3 | $175M) TONIK (2018, $175M) Salaam Bank NEEBank Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. TONIK (2018) $131M - Series B - Feb 2022 $17.0M - Series A - May 2021
Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Southeast Asia Tech - Top Business Models Report Recent Funding Rounds CPG Brands E-Commerce Software Suite - Southeast Asia 25 33 Back to index Brands Tech (Trax) (# Cos: 41 | $1.6B) ECommerce Software (SIRCLO) (# Cos: 15 | $295M) Taxonomy $ Invested in last 1 year in Southeast Asia Tech Key Stats # Funding Rounds in last 1 year in Southeast Asia Tech $128M (▲814%) 7(▲40%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 1 $295M 10 - 15 6 SIRCLO (2013, $92.0M) Anchanto (2011, $16.1M) aCommerce (2013, $119M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. SIRCLO (2013) $36.0M - Series B - Sep 2021 $45.0M - Series B - May 2021 Great Deals E-Commerce (2017) $30.0M - Series B - May 2021 Intrepid (2017) $11.0M - Series B - Jun 2021 etaily (2020) $4.3M - Seed - Jan 2022 $1.6M - Seed - Aug 2021 Jet Commerce (2017) Undisclosed - Seed - Feb 2022
Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Southeast Asia Tech - Top Business Models Report Recent Funding Rounds Hummingbird Bioscience (2015) $125M - Series C - May 2021 Pan-Cancer Drugs - Southeast Asia 26 34 Back to index Oncology (Mirxes) (# Cos: 38 | $779M) Drugs (ASLAN Pharmaceuticals) (# Cos: 24 | $506M) Pan Cancer (Hummingbird Bioscience) (# Cos: 3 | $151M) Taxonomy $ Invested in last 1 year in Southeast Asia Tech Key Stats # Funding Rounds in last 1 year in Southeast Asia Tech $125M (▲1983%) 1( <> 0% ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $151M 2 - 3 1 Hummingbird Bioscience (2015, $150M) CytoMed Therapeutics (2018, $1.1M) Auxi Therapeutics Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Southeast Asia Tech - Top Business Models Report Recent Funding Rounds B2B Grocery Marketplaces - Southeast Asia 27 35 Back to index Taxonomy $ Invested in last 1 year in Southeast Asia Tech Key Stats # Funding Rounds in last 1 year in Southeast Asia Tech $123M ( -- ) 3( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $123M 1 - 3 1 B2B E-Commerce (Moglix) (# Cos: 356 | $1.8B) Food & Beverages (TreeDots) (# Cos: 56 | $411M) Groceries (ShopUp) (# Cos: 51 | $411M) Multi Category (OctoRocket.asia) (# Cos: 4 | $123M) Marketplace (Growsari) (# Cos: 3 | $123M) Growsari (2016, $123M) OctoRocket.asia Mungmee Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Growsari (2016) $77.5M - Series C - Mar 2022 $45.0M - Series C - Jan 2022 Undisclosed - Series B - Jun 2021
Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Southeast Asia Tech - Top Business Models Report Recent Funding Rounds Sygnum (2018) $120M - Series B - Jan 2022 Flint (2021) $5.1M - Seed - Jan 2022 Cryptocurrency Banking - Southeast Asia 28 36 Back to index Cryptocurrencies (PDAX) (# Cos: 1247 | $1.1B) Financial Services (Coins.ph) (# Cos: 877 | $935M) Banking (Sygnum) (# Cos: 17 | $130M) Taxonomy $ Invested in last 1 year in Southeast Asia Tech Key Stats # Funding Rounds in last 1 year in Southeast Asia Tech $120M (▲5966%) 2( <> 0% ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $130M 5 - 17 3 Sygnum (2018, $120M) Hodlnaut Flint (2021, $5.1M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Southeast Asia Tech - Top Business Models Report Recent Funding Rounds Cryptocurrency Exchanges - Southeast Asia 29 37 Back to index Taxonomy $ Invested in last 1 year in Southeast Asia Tech Key Stats # Funding Rounds in last 1 year in Southeast Asia Tech $119M (▲612%) 10(▲42.9%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 9 $204M 44 - 301 5 Cryptocurrencies (imToken) (# Cos: 1247 | $1.1B) Financial Services (Coins.ph) (# Cos: 877 | $935M) Investment Industry (Liquid) (# Cos: 588 | $625M) Crypto Exchanges (PDAX) (# Cos: 301 | $204M) PDAX (2017, $62.5M) Liquid (2014, $20.0M) Kyber Network Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. PDAX (2017) $50.0M - Series B - Feb 2022 $12.5M - Series A - Aug 2021 Zipmex (2018) $11.0M - Series B - Mar 2022 $41.0M - Series B - Aug 2021 zkLink (2019) $8.5M - Series A - Oct 2021 Sparrow Exchange (2018) $4.4M - Series A - Nov 2021 NASDEX (2021) $1.1M - Seed - Aug 2021 View all 10 Funding Rounds on Tracxn Platform
Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Southeast Asia Tech - Top Business Models Report Recent Funding Rounds Matrixport (2019) $100M - Series C - Aug 2021 EvryNet (2018) $7.0M - Series A - Oct 2021 CYBAVO (2018) $4.0M - Seed - Jun 2021 AntEx (2019) $2.5M - Seed - Oct 2021 Carb0n.fi (2021) $600K - Series A - Jan 2022 hi (1994) Undisclosed - Seed - Jul 2021 Crypto Financial Services - Southeast Asia 30 38 Back to index Cryptocurrencies (imToken) (# Cos: 1247 | $1.1B) Financial Services (PDAX) (# Cos: 877 | $935M) Diversified (Coins.ph) (# Cos: 113 | $160M) Taxonomy $ Invested in last 1 year in Southeast Asia Tech Key Stats # Funding Rounds in last 1 year in Southeast Asia Tech $114M (▲2984%) 6(▲500%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 3 $160M 22 - 113 3 Coins.ph (2014, $10.0M) Matrixport (2019, $129M) CRYPTO Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Southeast Asia Tech - Top Business Models Report Recent Funding Rounds Online P2P Second Hand Goods Listings - Southeast Asia 31 39 Back to index Taxonomy $ Invested in last 1 year in Southeast Asia Tech Key Stats # Funding Rounds in last 1 year in Southeast Asia Tech $110M (▲37.5%) 2(▲100%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 5 $387M 9 - 72 2 Horizontal E-Commerce (Tokopedia) (# Cos: 581 | $6.9B) Second Hand (Kaskus) (# Cos: 90 | $390M) Listings (OLX Indonesia) (# Cos: 73 | $387M) P2P (Carousell) (# Cos: 72 | $387M) Carousell (2013, $373M) OLX Indonesia (2005, $13.7M) Kaidee Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Carousell (2013) $10.0M - Series E - Nov 2021 $100M - Series E - Sep 2021
Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Southeast Asia Tech - Top Business Models Report Recent Funding Rounds Web Based Platform for Doctor Consultation - Southeast Asia 32 40 Back to index Taxonomy $ Invested in last 1 year in Southeast Asia Tech Key Stats # Funding Rounds in last 1 year in Southeast Asia Tech $104M (▲29.1%) 3(▲50%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $317M 17 - 126 2 Healthcare Booking Platforms (Homage) (# Cos: 674 | $519M) Doctors (Alodokter) (# Cos: 308 | $419M) Telemedicine (Riliv) (# Cos: 178 | $319M) Teleconsultation (Halodoc) (# Cos: 176 | $319M) Diversified (Doctor Anywhere) (# Cos: 126 | $317M) Doctor Anywhere (2015, $135M) Halodoc (2016, $180M) EDoctor (2014, $1.0M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Doctor Anywhere (2015) $104M - Series C - Aug 2021 Medici Undisclosed - Seed - Feb 2022 Undisclosed - Seed - Aug 2021
Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Southeast Asia Tech - Top Business Models Report Recent Funding Rounds White Label Wallet Solutions - Southeast Asia 33 41 Back to index Taxonomy $ Invested in last 1 year in Southeast Asia Tech Key Stats # Funding Rounds in last 1 year in Southeast Asia Tech $102M (▲388%) 2(▲100%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $159M 4 1 12 1 Payments (Grab) (# Cos: 1048 | $20.3B) Enablers (Tookitaki) (# Cos: 76 | $251M) White Label Solutions (Wallet Engine) (# Cos: 29 | $173M) Wallets (MatchMove) (# Cos: 12 | $159M) MatchMove (2009, $156M) Wallet Engine (2014, $2.4M) Kashmi (2014, $530K) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. MatchMove (2009) $100M - Series D - Jun 2021 Wallet Engine (2014) $2.4M - Seed - Dec 2021
Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Southeast Asia Tech - Top Business Models Report Recent Funding Rounds B2B Farm Produce Marketplaces - Southeast Asia 34 42 Back to index Taxonomy $ Invested in last 1 year in Southeast Asia Tech Key Stats # Funding Rounds in last 1 year in Southeast Asia Tech $102M ( -- ) 5( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 2 $143M 10 - 21 5 B2B E-Commerce (Moglix) (# Cos: 356 | $1.8B) Food & Beverages (Growsari) (# Cos: 56 | $411M) Groceries (TaniHub) (# Cos: 51 | $411M) Farm Products (ShopUp) (# Cos: 30 | $253M) Marketplace (TreeDots) (# Cos: 21 | $143M) TreeDots (2017, $15.0M) TaniHub (2015, $94.0M) Eden Farm (2017, $20.8M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. TaniHub (2015) $65.5M - Series B - May 2021 Eden Farm (2017) $19.0M - Series A - Nov 2021 TreeDots (2017) $11.0M - Series A - Nov 2021 AgriAku (2021) $6.0M - Seed - Mar 2022 Undisclosed - Seed - Dec 2021
Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Southeast Asia Tech - Top Business Models Report Recent Funding Rounds Internet First NFC Prepaid Cards - Southeast Asia 35 43 Back to index Taxonomy $ Invested in last 1 year in Southeast Asia Tech Key Stats # Funding Rounds in last 1 year in Southeast Asia Tech $100M ( -- ) 1( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $101M 3 - 7 1 Payments (Gojek) (# Cos: 1048 | $20.3B) Consumer Payments (Grab) (# Cos: 470 | $17.3B) Payment Cards (Volopay) (# Cos: 61 | $321M) Prepaid Cards (YouTrip) (# Cos: 53 | $290M) General Purpose (MyMy) (# Cos: 36 | $108M) Reloadable (PayMaya) (# Cos: 36 | $108M) NFC (BigPay) (# Cos: 7 | $101M) BigPay (2017, $100M) FlexM (2014, $866K) YoloPay Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. BigPay (2017) $100M - Series A - Aug 2021
Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Southeast Asia Tech - Top Business Models Report Recent Funding Rounds Cryptocurrency Custodian Services - Southeast Asia 36 44 Back to index Taxonomy $ Invested in last 1 year in Southeast Asia Tech Key Stats # Funding Rounds in last 1 year in Southeast Asia Tech $98.0M (▲1533%) 3(▲200%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $105M 5 - 9 2 Cryptocurrencies (imToken) (# Cos: 1247 | $1.1B) Financial Services (Coins.ph) (# Cos: 877 | $935M) Investment Industry (PDAX) (# Cos: 588 | $625M) Custodian Services (Hex Trust) (# Cos: 9 | $105M) Hex Trust (2018, $104M) Onchain Custodian Atato (2017, $1.0M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Hex Trust (2018) $88.0M - Series B - Mar 2022 $10.0M - Series A - Oct 2021 Undisclosed - Series A - Jul 2021
Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Southeast Asia Tech - Top Business Models Report Recent Funding Rounds Bioplastics - Southeast Asia 37 45 Back to index Taxonomy $ Invested in last 1 year in Southeast Asia Tech Key Stats # Funding Rounds in last 1 year in Southeast Asia Tech $95.1M (▼28.5%) 1(▼50%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $263M 2 - 3 1 Advanced Materials (Nodis) (# Cos: 28 | $265M) Biomaterials (BIOSTARCH) (# Cos: 6 | $263M) Biodegradable Polymers (Osteopore) (# Cos: 4 | $263M) Bioplastics (RWDC Industries) (# Cos: 3 | $263M) RWDC Industries (2015, $263M) BIOSTARCH Global Biopolymers Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. RWDC Industries (2015) $95.1M - Series B - Nov 2021
Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Southeast Asia Tech - Top Business Models Report Recent Funding Rounds Cryptocurrency Trading Platforms - Southeast Asia 38 46 Back to index Taxonomy $ Invested in last 1 year in Southeast Asia Tech Key Stats # Funding Rounds in last 1 year in Southeast Asia Tech $95.0M (▲ >10K%) 4(▲300%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $104M 16 - 125 4 Cryptocurrencies (imToken) (# Cos: 1247 | $1.1B) Financial Services (Coins.ph) (# Cos: 877 | $935M) Investment Industry (PDAX) (# Cos: 588 | $625M) Online Trading Platforms (AscendEX) (# Cos: 192 | $205M) Regular Trading (Pintu) (# Cos: 125 | $104M) Pintu (2016, $41.0M) AscendEX (2018, $50.0M) Phemex (2016, $5.0M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. AscendEX (2018) $50.0M - Series B - Nov 2021 Pintu (2016) $35.0M - Series A - Aug 2021 $6.0M - Series A - May 2021 Cabital (2020) $4.0M - Seed - Sep 2021
Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Southeast Asia Tech - Top Business Models Report Recent Funding Rounds Free Float Electric Kick Scooter Rentals - Southeast Asia 39 47 Back to index Taxonomy $ Invested in last 1 year in Southeast Asia Tech Key Stats # Funding Rounds in last 1 year in Southeast Asia Tech $93.0M (▲258%) 1( <> 0% ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $135M 1 - 3 1 Electric Vehicles (ION Mobility) (# Cos: 173 | $304M) Vehicle as a Service (BlueSG) (# Cos: 34 | $175M) Kick Scooters (Neuron) (# Cos: 13 | $175M) Free Float (Beam) (# Cos: 3 | $135M) Beam (2018, $135M) Scootbee OoGyaa Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Beam (2018) $93.0M - Series B - Feb 2022
Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Southeast Asia Tech - Top Business Models Report Recent Funding Rounds Mutual Fund Investment Platforms - Southeast Asia 40 48 Back to index Taxonomy $ Invested in last 1 year in Southeast Asia Tech Key Stats # Funding Rounds in last 1 year in Southeast Asia Tech $90.0M (▲282%) 4(▲100%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 2 $131M 5 - 13 3 Investment Tech (OurCrowd) (# Cos: 960 | $1.5B) Online Trading Platforms (Ajaib) (# Cos: 433 | $499M) Public Market Funds (Bareksa) (# Cos: 14 | $131M) Mutual Funds (Pluang) (# Cos: 13 | $131M) Pluang (2019, $113M) Bareksa (2013, $3.5M) FINNOMENA (2016, $13.2M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Pluang (2019) $55.0M - Series C - Jan 2022 $35.0M - Series B - Sep 2021 Bareksa (2013) Undisclosed - Series C - Nov 2021 Makmur (2020) Undisclosed - Seed - Sep 2021
Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Southeast Asia Tech - Top Business Models Report Recent Funding Rounds Internet First Personal Loans Marketplace - Southeast Asia 41 49 Back to index Taxonomy $ Invested in last 1 year in Southeast Asia Tech Key Stats # Funding Rounds in last 1 year in Southeast Asia Tech $90.0M ( -- ) 2( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $129M 8 1 79 2 Alternative Lending (Investree) (# Cos: 733 | $3.1B) Online Lenders (Akulaku) (# Cos: 559 | $2.7B) Consumer Loans (Kredivo) (# Cos: 309 | $1.4B) Personal Loans (UangMe) (# Cos: 115 | $164M) Marketplace (JULO) (# Cos: 79 | $129M) JULO (2016, $105M) UangMe (2018, $24.0M) KTC Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. JULO (2016) $30.0M - Series B - Apr 2022 $60.0M - Series B - Feb 2022
Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Southeast Asia Tech - Top Business Models Report Recent Funding Rounds CPG Brands Storefronts - Southeast Asia 42 50 Back to index Brands Tech (Trax) (# Cos: 41 | $1.6B) Storefront (LummoSHOP) (# Cos: 3 | $140M) Taxonomy $ Invested in last 1 year in Southeast Asia Tech Key Stats # Funding Rounds in last 1 year in Southeast Asia Tech $80.0M ( -- ) 2( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $140M 3 - 3 1 LummoSHOP (2019, $140M) Ecomobi Chatgenie Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. LummoSHOP (2019) $80.0M - Series C - Jan 2022 Chatgenie Undisclosed - Seed - Nov 2021
Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Southeast Asia Tech - Top Business Models Report Recent Funding Rounds Payroll Management - Southeast Asia 43 51 Back to index HRTech (Healthify) (# Cos: 1779 | $542M) Payroll Management (Multiplier) (# Cos: 82 | $92.2M) Taxonomy $ Invested in last 1 year in Southeast Asia Tech Key Stats # Funding Rounds in last 1 year in Southeast Asia Tech $77.2M ( -- ) 3( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $92.2M 8 - 82 3 Multiplier (2020, $77.2M) HReasily (2015, $5.0M) Sprout (2015, $7.6M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Multiplier (2020) $60.0M - Series B - Mar 2022 $13.2M - Series A - Nov 2021 $4.0M - Seed - Jul 2021
Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Southeast Asia Tech - Top Business Models Report Recent Funding Rounds Fitness & Nutrition Training & Planning Apps - Southeast Asia 44 52 Back to index Taxonomy $ Invested in last 1 year in Southeast Asia Tech Key Stats # Funding Rounds in last 1 year in Southeast Asia Tech $75.0M ( -- ) 1( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $100M 1 - 17 1 Fitness & Wellness Tech (Riliv) (# Cos: 391 | $111M) Physical Fitness (Fitnesia) (# Cos: 248 | $105M) Fitness and Diet Training Apps (Sirka) (# Cos: 117 | $103M) Fitness & Nutrition (Active8Me) (# Cos: 24 | $100M) Apps (Okfits) (# Cos: 18 | $100M) Training & Planning (Healthify) (# Cos: 17 | $100M) Healthify (2012, $100M) Okfits Myfitsociety Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Healthify (2012) $75.0M - Series C - Jul 2021
Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Southeast Asia Tech - Top Business Models Report Recent Funding Rounds Kumu (2017) $73.7M - Series C - Oct 2021 Undisclosed - Series B - Jun 2021 OTT Live Streaming Distribution Solutions - Southeast Asia 45 53 Back to index OTT Video (iflix) (# Cos: 223 | $756M) Video Distribution (GoStream) (# Cos: 19 | $103M) Live Streaming (Kumu) (# Cos: 13 | $100M) Taxonomy $ Invested in last 1 year in Southeast Asia Tech Key Stats # Funding Rounds in last 1 year in Southeast Asia Tech $73.7M (▲391%) 2( <> 0% ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $100M 6 - 13 1 Kumu (2017, $100M) GoStream GoStudio Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Southeast Asia Tech - Top Business Models Report Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Recent funding rounds Investment Trends Most Active Investors Top Funded Business Models Explore more on Tracxn All Tech Companies Southeast Asia Tech Companies Online Travel Companies Companies using AI in Healthcare Companies founded by Stanford GSB Alumni Soonicorn club in Fintech Analyst Picks in Southeast Asia Tech Key News in FinTech Events in United States Angel Investors in Southeast Asia Bluebox Companies Investment Activity Miscellaneous Company Detail Page of Grab Competitors of Traveloka Cap Table for TransferWise Financials for Ola Employee Count for Revolut Company Due Diligence Exits Public Companies Acquired Companies Most Active Acquirers Reports Delhivery - Company Report Novel Foods - Business Model Report HRTech - Feed Report FinTech - Top Business Models Report US Tech - Top Business Models Report US Tech - Monthly Report 54
Southeast Asia Tech - Top Business Models Report Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Explore other Reports on Tracxn HRTech InsurTech Food Tech Novel Foods Blockchain Network P2P Remittance Business Model Reports Consumer Digital - SEA Enterprise Tech - SEA FinTech - SEA Feed Geo Reports Company Reports Monthly Unicorn Report Unicorn Reports Transferwise Coursera BigBasket Feed Reports Top Business Models in PA FinTech Enterprise Applications Artificial Intelligence Geo Monthly Reports US Tech Europe Tech China Tech Top Business Models in Geo India Tech Israel Tech UK & Ireland Tech 55
Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Southeast Asia Tech - Top Business Models Report Thank You 56 Any and all information either accessed from the website www.tracxn.com or having otherwise originated from Tracxn Technologies Limited including but not limited to the information contained herein ("Data") is the sole property of Tracxn Technologies Limited (hereinafter "Tracxn"). You shall not recirculate, distribute, transmit, publish, or sell the Data or any portion thereof in any form or by any means, either for commercial or non-commercial use, or permit any third party to use or distribute the Data or any portion thereof; to any other party, except with the prior written consent of Tracxn. You may however incorporate insubstantial portions, extracts, abstracts or summaries from the Data into analysis, presentations or tools for your customers or for your internal use, so long as Tracxn is clearly and visibly identified as the source of information. For further information please refer to our Terms of Use at www.tracxn.com

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Tracxn - Southeast Asia Tech - Top Business Models - Apr 2022

  • 1.
    TRACXN TOP BUSINESSMODELS REPORT April 22, 2022 SOUTHEAST ASIA TECH
  • 2.
    Southeast Asia Tech- Top Business Models Report Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Contents Southeast Asia Tech Funding Overview 3 Top Funded Business Models 4 One Pagers 9 Appendix 59 2
  • 3.
    Southeast Asia Tech- Top Business Models Report Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Southeast Asia Tech - Funding in last 1 year 3 Logistics Tech $4.2B Payments $3.4B Alternative Lending $1.7B Auto E-Commerce & Content $1.0B B2B E-Commerce $1.0B Road Transport Tech $934M Y-o-Y Funding Top Investors by Funding Rounds Seed Stage Y Combinator East Ventures Global Founders Capital 47 20 20 Early Stage East Ventures ACVentures Insignia Ventures Partners 21 16 14 Late Stage EDBI Sequoia Capital Tiger Global Management 8 7 6 Funding by Geography Top Feeds by $ Funding Top Funding Rounds $ Funding # Rounds J&T Express (2015, ) $2.5B - Series C Coda Payments (2011, ) $690M - Series C EMERITUS (2010, ) $650M - Series E Ninja Van (2014, ) $578M - Series E Atome (2016, ) $500M - Series D Grab (2012, ) $375M - Series H CARRO (2015, ) $360M - Series C Mynt (2015, ) $300M - Series D Gojek (2010, ) $300M - Series H Carsome (2015, ) $300M - Series E Tiki (2010, ) $258M - Series E Acronis (2003, ) $250M - Series E Singapore (51%) Jakarta (28%) Ho Chi Minh City (4%) Hanoi (3%) Petaling Jaya (2%) Others (12%)
  • 4.
    Copyright © 2022,Tracxn Technologies Limited. All rights reserved. Southeast Asia Tech - Top Business Models Report Southeast Asia Tech - Top Funded Business Models - last 1 year (1/5) 4 Rank Business Model $ Funding # Rounds Top Funding Round Details 1▲16 Online Business Payments $1.1B 7 Coda Payments | $690M | Series C Link 2▲5 Digital Wallets $998M 7 Grab | $375M | Series H Link 3-- Online Professional Learning Courses $650M 2 EMERITUS | $650M | Series E Link 4-- Retail Stores Shopper Financing Platforms $540M 2 Atome | $500M | Series D Link 5▲32 C2B Used Cars Marketplaces $512M 4 Carsome | $300M | Series E Link 6▲78 P2P Used Cars Marketplaces $483M 4 CARRO | $360M | Series C Link 7▲16 Business Payments Solutions $400M 3 VNPAY | $250M | Series B Link 8-- Online B2B Horizontal Retailers $382M 5 Moglix | $250M | Series F Link 9▲28 Internet First P2P Business Loans $334M 6 Modalku | $144M | Series C Link 10-- PC and Console Casual NFT Game Developers $312M 4 Sky Mavis | $152M | Series B Link * Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.
  • 5.
    Copyright © 2022,Tracxn Technologies Limited. All rights reserved. Southeast Asia Tech - Top Business Models Report Southeast Asia Tech - Top Funded Business Models - last 1 year (2/5) 5 Rank Business Model $ Funding # Rounds Top Funding Round Details 11▼1 Two Wheeler Ride Hailing $300M 1 Gojek | $300M | Series H Link 12-- Internet First Point of Sale Financing Marketplaces $252M 3 FinAccel | $125M | Series C Link 13-- Omnichannel Banking Solutions $250M 1 VNLIFE | $250M | Series B Link 14▲12 B2B Grocery Marketplace $233M 6 Ula | $87.0M | Series B Link 15▼3 B2B Horizontal Marketplaces $213M 7 GudangAda | $100M | Series B Link 16▲136 Remittance Softwares for Enterprises $205M 3 NIUM | $200M | Series D Link 17-- Life Sciences Research Instruments $200M 1 Esco Lifescie.. | $200M | Series A Link 18▼20 Residential Real Estate Listings $172M 3 PropertyGuru | $147M | Series D Link 19▲42 Online K-12 Chinese Tutoring $162M 3 LingoAce | $105M | Series C Link 20-- Strategy NFT Games $160M 5 Axie | $150M | Series B Link * Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.
  • 6.
    Copyright © 2022,Tracxn Technologies Limited. All rights reserved. Southeast Asia Tech - Top Business Models Report Southeast Asia Tech - Top Funded Business Models - last 1 year (3/5) 6 Rank Business Model $ Funding # Rounds Top Funding Round Details 21▲16 Plant Based Meat Substitutes $150M 5 Next Gen Foods | $100M | Series A Link 22▲3 Rewards and Cashback Apps $150M 1 ShopBack | $150M | Series B Link 23▲94 Corporate Travel & Expense Cards $148M 3 Spenmo | $85.3M | Series B Link 24▲14 Retail Banking $148M 2 TONIK | $131M | Series B Link 25▲32 CPG Brands E-Commerce Software Suite $128M 7 SIRCLO | $45.0M | Series B Link 26▲72 Pan-Cancer Drugs $125M 1 Hummingbird B.. | $125M | Series C Link 27-- B2B Grocery Marketplaces $123M 3 Growsari | $77.5M | Series C Link 28▲138 Cryptocurrency Banking $120M 2 Sygnum | $120M | Series B Link 29▲18 Cryptocurrency Exchanges $119M 10 PDAX | $50.0M | Series B Link 30▲91 Crypto Financial Services $114M 6 Matrixport | $100M | Series C Link * Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.
  • 7.
    Copyright © 2022,Tracxn Technologies Limited. All rights reserved. Southeast Asia Tech - Top Business Models Report Southeast Asia Tech - Top Funded Business Models - last 1 year (4/5) 7 Rank Business Model $ Funding # Rounds Top Funding Round Details 31▼20 Online P2P Second Hand Goods Listings $110M 2 Carousell | $100M | Series E Link 32▼22 Web Based Platform for Doctor Consultation $104M 3 Doctor Anywhere | $104M | Series C Link 33▲5 White Label Wallet Solutions $102M 2 MatchMove | $100M | Series D Link 34-- B2B Farm Produce Marketplaces $102M 5 TaniHub | $65.5M | Series B Link 35-- Internet First NFC Prepaid Cards $100M 1 BigPay | $100M | Series A Link 36▲63 Cryptocurrency Custodian Services $98.0M 3 Hex Trust | $88.0M | Series B Link 37▼35 Bioplastics $95.1M 1 RWDC Industr.. | $95.1M | Series B Link 38▲183 Cryptocurrency Trading Platforms $95.0M 4 AscendEX | $50.0M | Series B Link 39▼12 Free Float Electric Kick Scooter Rentals $93.0M 1 Beam | $93.0M | Series B Link 40▼10 Mutual Fund Investment Platforms $90.0M 4 Pluang | $55.0M | Series C Link * Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.
  • 8.
    Copyright © 2022,Tracxn Technologies Limited. All rights reserved. Southeast Asia Tech - Top Business Models Report Southeast Asia Tech - Top Funded Business Models - last 1 year (5/5) 8 Rank Business Model $ Funding # Rounds Top Funding Round Details 41-- Internet First Personal Loans Marketplace $90.0M 2 JULO | $60.0M | Series B Link 42-- CPG Brands Storefronts $80.0M 2 LummoSHOP | $80.0M | Series C Link 43-- Payroll Management $77.2M 3 Multiplier | $60.0M | Series B Link 44-- Fitness & Nutrition Training & Planning Apps $75.0M 1 Healthify | $75.0M | Series C Link 45▲1 OTT Live Streaming Distribution Solutions $73.7M 2 Kumu | $73.7M | Series C Link * Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.
  • 9.
    Copyright © 2022,Tracxn Technologies Limited. All rights reserved. Southeast Asia Tech - Top Business Models Report Recent Funding Rounds Coda Payments (2011) $690M - Series C - Apr 2022 Voyager Innovations (2013) $210M - Series F - Apr 2022 $167M - Series E - Jun 2021 OY! (2017) $30.0M - Series A - Sep 2021 $45.0M - Series A - Jul 2021 Durianpay (2020) $2.0M - Seed - Aug 2021 Dragonpay (2010) Undisclosed - Series B - Jul 2021 Online Business Payments - Southeast Asia 01 9 Back to index Payments (Grab) (# Cos: 1048 | $20.3B) Business Payments (Xendit) (# Cos: 497 | $2.8B) Online Payments (Coda Payments) (# Cos: 196 | $1.7B) Taxonomy $ Invested in last 1 year in Southeast Asia Tech Key Stats # Funding Rounds in last 1 year in Southeast Asia Tech $1.1B (▲940%) 7(▲40%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 7 $1.7B 29 - 196 6 Coda Payments (2011, $715M) InstaReM (2014, $59.5M) Voyager Innovations (2013, $712M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
  • 10.
    Copyright © 2022,Tracxn Technologies Limited. All rights reserved. Southeast Asia Tech - Top Business Models Report Recent Funding Rounds Grab (2012) $375M - Series H - Jul 2021 Mynt (2015) $300M - Series D - Nov 2021 Gojek (2010) $300M - Series H - May 2021 MoMo (2007) $200M - Series E - Dec 2021 Ascend Money (2013) $150M - Series C - Sep 2021 Flip (2016) $48.0M - Series B - Dec 2021 TNG Digital (2017) Undisclosed - Seed - Jul 2021 Digital Wallets - Southeast Asia 02 10 Back to index Payments (Xendit) (# Cos: 1048 | $20.3B) Consumer Payments (Gojek) (# Cos: 470 | $17.3B) Wallets (Grab) (# Cos: 189 | $16.8B) Taxonomy $ Invested in last 1 year in Southeast Asia Tech Key Stats # Funding Rounds in last 1 year in Southeast Asia Tech $998M (▲74.6%) 7(▼58.8%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 7 $16.8B 32 - 189 11 Grab (2012, $10.4B) Gojek (2010, $4.9B) LinkAja (2019, $100M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
  • 11.
    Copyright © 2022,Tracxn Technologies Limited. All rights reserved. Southeast Asia Tech - Top Business Models Report Recent Funding Rounds Online Professional Learning Courses - Southeast Asia 03 11 Back to index Taxonomy $ Invested in last 1 year in Southeast Asia Tech Key Stats # Funding Rounds in last 1 year in Southeast Asia Tech $650M ( -- ) 2( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $691M 10 - 139 1 Continued Learning (Cakap) (# Cos: 705 | $730M) Professional (Binar Academy) (# Cos: 327 | $712M) Online Learning (Hacktiv8) (# Cos: 322 | $701M) Multi Disciplinary (Kyna.vn) (# Cos: 154 | $692M) Online Courses (EMERITUS) (# Cos: 139 | $691M) EMERITUS (2010, $690M) Kyna.vn Mindtera Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. EMERITUS (2010) $650M - Series E - Aug 2021 Mindtera (2021) Undisclosed - Seed - Aug 2021
  • 12.
    Copyright © 2022,Tracxn Technologies Limited. All rights reserved. Southeast Asia Tech - Top Business Models Report Recent Funding Rounds Atome (2016) $500M - Series D - Oct 2021 Pace (2020) $40.0M - Series A - Nov 2021 Retail Stores Shopper Financing Platforms - Southeast Asia 04 12 Back to index In Store Retail Tech (Moka) (# Cos: 380 | $2.1B) Purchase Financing (Pace) (# Cos: 2 | $540M) Shopper (Atome) (# Cos: 2 | $540M) Taxonomy $ Invested in last 1 year in Southeast Asia Tech Key Stats # Funding Rounds in last 1 year in Southeast Asia Tech $540M ( -- ) 2( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $540M 2 - 2 1 Atome (2016, $500M) Pace (2020, $40.0M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
  • 13.
    Copyright © 2022,Tracxn Technologies Limited. All rights reserved. Southeast Asia Tech - Top Business Models Report Recent Funding Rounds C2B Used Cars Marketplaces - Southeast Asia 05 13 Back to index Taxonomy $ Invested in last 1 year in Southeast Asia Tech Key Stats # Funding Rounds in last 1 year in Southeast Asia Tech $512M (▲1607%) 4(▲300%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $661M 7 - 17 3 Auto E-Commerce & Content (Roojai) (# Cos: 440 | $1.4B) Second Hand Vehicles (Carmudi Indonesia) (# Cos: 159 | $1.3B) Cars (CARRO) (# Cos: 129 | $1.3B) C2B Marketplace (Carsome) (# Cos: 17 | $661M) Carsome (2015, $586M) Moladin (2016, $43.2M) myTukar (2017, $30.9M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Carsome (2015) Undisclosed - Series E - Mar 2022 $300M - Series E - Jan 2022 $170M - Series D - Sep 2021 Moladin (2016) $42.0M - Series A - Jan 2022
  • 14.
    Copyright © 2022,Tracxn Technologies Limited. All rights reserved. Southeast Asia Tech - Top Business Models Report Recent Funding Rounds P2P Used Cars Marketplaces - Southeast Asia 06 14 Back to index Taxonomy $ Invested in last 1 year in Southeast Asia Tech Key Stats # Funding Rounds in last 1 year in Southeast Asia Tech $483M (▲4287%) 4(▲300%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 1 $602M 3 - 9 1 Auto E-Commerce & Content (Roojai) (# Cos: 440 | $1.4B) Second Hand Vehicles (Carmudi Indonesia) (# Cos: 159 | $1.3B) Cars (Carsome) (# Cos: 129 | $1.3B) P2P Marketplace (CARRO) (# Cos: 9 | $602M) CARRO (2015, $602M) Otobro Caramo Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. CARRO (2015) $7.0M - Series C - Jan 2022 $15.6M - Series C - Dec 2021 $100M - Series C - Nov 2021 $360M - Series C - Jun 2021
  • 15.
    Copyright © 2022,Tracxn Technologies Limited. All rights reserved. Southeast Asia Tech - Top Business Models Report Recent Funding Rounds VNPAY (2007) $250M - Series B - Aug 2021 Xendit (2014) $150M - Series C - Sep 2021 Doku (2007) $32.0M - PE - Aug 2021 Business Payments Solutions - Southeast Asia 07 15 Back to index Payments (Grab) (# Cos: 1048 | $20.3B) Business Payments (Moka) (# Cos: 497 | $2.8B) Diversified (Xendit) (# Cos: 80 | $948M) Taxonomy $ Invested in last 1 year in Southeast Asia Tech Key Stats # Funding Rounds in last 1 year in Southeast Asia Tech $400M (▲466%) 3( <> 0% ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 7 $948M 14 2 80 6 Xendit (2014, $238M) 2C2P (2003, $85.0M) MC Payment (2005, $8.0M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
  • 16.
    Copyright © 2022,Tracxn Technologies Limited. All rights reserved. Southeast Asia Tech - Top Business Models Report Recent Funding Rounds Moglix (2015) $250M - Series F - Jan 2022 $120M - Series E - May 2021 Dagangan (2008) $11.5M - Series A - Sep 2021 Undisclosed - Seed - Jun 2021 EI Industrial (2018) $670K - Seed - Oct 2021 Online B2B Horizontal Retailers - Southeast Asia 08 16 Back to index B2B E-Commerce (ShopUp) (# Cos: 356 | $1.8B) Horizontal (Ula) (# Cos: 83 | $943M) E-Distributor (Moglix) (# Cos: 24 | $505M) Taxonomy $ Invested in last 1 year in Southeast Asia Tech Key Stats # Funding Rounds in last 1 year in Southeast Asia Tech $382M ( -- ) 5( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 1 $505M 6 1 24 3 Moglix (2015, $471M) Dagangan (2008, $11.5M) Bhinneka (1993, $22.0M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
  • 17.
    Copyright © 2022,Tracxn Technologies Limited. All rights reserved. Southeast Asia Tech - Top Business Models Report Recent Funding Rounds Internet First P2P Business Loans - Southeast Asia 09 17 Back to index Taxonomy $ Invested in last 1 year in Southeast Asia Tech Key Stats # Funding Rounds in last 1 year in Southeast Asia Tech $334M (▲1275%) 6(▼14.3%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 1 $488M 15 - 27 8 Alternative Lending (Akulaku) (# Cos: 733 | $3.1B) Online Lenders (Kredivo) (# Cos: 559 | $2.7B) Business Loans (Amartha) (# Cos: 141 | $712M) Diversified (Funding Societies) (# Cos: 40 | $492M) Marketplace (Modalku) (# Cos: 33 | $492M) P2P (Investree) (# Cos: 27 | $488M) Investree (2015, $23.5M) Modalku (2016, $145M) Funding Societies (2015, $217M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Modalku (2016) $144M - Series C - Feb 2022 Funding Societies (2015) $144M - Series C - Feb 2022 Undisclosed - Series C - Oct 2021 Validus (2015) $37.5M - Series B - May 2021 Crowdo (2012) $5.9M - Series A - Jan 2022 Komunal (2018) $2.1M - Series A - Sep 2021
  • 18.
    Copyright © 2022,Tracxn Technologies Limited. All rights reserved. Southeast Asia Tech - Top Business Models Report Recent Funding Rounds PC and Console Casual NFT Game Developers - Southeast Asia 10 18 Back to index Taxonomy $ Invested in last 1 year in Southeast Asia Tech Key Stats # Funding Rounds in last 1 year in Southeast Asia Tech $312M ( -- ) 4( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $313M 3 - 4 1 PC & Console Gaming (Axie) (# Cos: 235 | $670M) Game Developers (VNG) (# Cos: 115 | $367M) PC & Console Games (IGG) (# Cos: 83 | $362M) Casual Games (YOMI Studio) (# Cos: 54 | $313M) NFTs (Sky Mavis) (# Cos: 4 | $313M) Sky Mavis (2019, $311M) YOMI Studio (2015, $2.0M) Chumbi Valley Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Sky Mavis (2019) $150M - Series B - Apr 2022 $152M - Series B - Oct 2021 $7.5M - Series A - May 2021 YOMI Studio (2015) $2.0M - Seed - Apr 2022
  • 19.
    Copyright © 2022,Tracxn Technologies Limited. All rights reserved. Southeast Asia Tech - Top Business Models Report Recent Funding Rounds Gojek (2010) $300M - Series H - May 2021 Two Wheeler Ride Hailing - Southeast Asia 11 19 Back to index Road Transport Tech (Beam) (# Cos: 795 | $15.7B) Ride Hailing (Grab) (# Cos: 261 | $15.4B) Motorized Two-Wheelers (Gojek) (# Cos: 46 | $4.9B) Taxonomy $ Invested in last 1 year in Southeast Asia Tech Key Stats # Funding Rounds in last 1 year in Southeast Asia Tech $300M (▲98.7%) 1(▼75%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $4.9B 5 - 46 1 Gojek (2010, $4.9B) Angkas Teknojek Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
  • 20.
    Copyright © 2022,Tracxn Technologies Limited. All rights reserved. Southeast Asia Tech - Top Business Models Report Recent Funding Rounds Internet First Point of Sale Financing Marketplaces - Southeast Asia 12 20 Back to index Taxonomy $ Invested in last 1 year in Southeast Asia Tech Key Stats # Funding Rounds in last 1 year in Southeast Asia Tech $252M ( -- ) 3( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $507M 6 - 12 2 Alternative Lending (Amartha) (# Cos: 733 | $3.1B) Online Lenders (Investree) (# Cos: 559 | $2.7B) Consumer Loans (FinAccel) (# Cos: 309 | $1.4B) Point of Sale Financing (Kredivo) (# Cos: 37 | $1.2B) Marketplace (Akulaku) (# Cos: 12 | $507M) Akulaku (2014, $345M) FinAccel (2015, $160M) Fundiin (2018, $1.8M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. FinAccel (2015) $125M - Series C - Sep 2021 Akulaku (2014) $125M - Series E - Jun 2021 Fundiin (2018) $1.8M - Seed - Sep 2021
  • 21.
    Copyright © 2022,Tracxn Technologies Limited. All rights reserved. Southeast Asia Tech - Top Business Models Report Recent Funding Rounds VNLIFE (2007) $250M - Series B - Jul 2021 Omnichannel Banking Solutions - Southeast Asia 13 21 Back to index Banking Tech (TONIK) (# Cos: 290 | $1.4B) Banking Channels (Active.Ai) (# Cos: 25 | $575M) Omnichannel (VNLIFE) (# Cos: 12 | $551M) Taxonomy $ Invested in last 1 year in Southeast Asia Tech Key Stats # Funding Rounds in last 1 year in Southeast Asia Tech $250M ( -- ) 1( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $551M 5 - 12 1 VNLIFE (2007, $550M) Bank Genie Wee Digital Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
  • 22.
    Copyright © 2022,Tracxn Technologies Limited. All rights reserved. Southeast Asia Tech - Top Business Models Report Recent Funding Rounds B2B Grocery Marketplace - Southeast Asia 14 22 Back to index Taxonomy $ Invested in last 1 year in Southeast Asia Tech Key Stats # Funding Rounds in last 1 year in Southeast Asia Tech $233M (▲594%) 6(▲100%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $273M 5 - 9 3 Online Grocery (HappyFresh) (# Cos: 685 | $1.2B) B2B Ecommerce (TreeDots) (# Cos: 55 | $435M) Multi-Category (Growsari) (# Cos: 15 | $273M) Marketplace (Ula) (# Cos: 9 | $273M) Ula (2019, $141M) Growsari (2016, $123M) Zeemart (2016, $6.8M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Ula (2019) $23.1M - Series B - Nov 2021 $87.0M - Series B - Oct 2021 Growsari (2016) $77.5M - Series C - Mar 2022 $45.0M - Series C - Jan 2022 Undisclosed - Series B - Jun 2021 FreshKet (2016) Undisclosed - Series A - Mar 2022
  • 23.
    Copyright © 2022,Tracxn Technologies Limited. All rights reserved. Southeast Asia Tech - Top Business Models Report Recent Funding Rounds GudangAda (2019) $100M - Series B - Jul 2021 Ula (2019) $23.1M - Series B - Nov 2021 $87.0M - Series B - Oct 2021 Dropee (2016) $3.0M - Series A - Jan 2022 Burket (2018) Undisclosed - Seed - Jun 2021 Ralali (2015) Undisclosed - Series D - Mar 2022 Eezee (2016) Undisclosed - Seed - May 2021 B2B Horizontal Marketplaces - Southeast Asia 15 23 Back to index B2B E-Commerce (ShopUp) (# Cos: 356 | $1.8B) Horizontal (Moglix) (# Cos: 83 | $943M) Marketplace (Ula) (# Cos: 40 | $436M) Taxonomy $ Invested in last 1 year in Southeast Asia Tech Key Stats # Funding Rounds in last 1 year in Southeast Asia Tech $213M (▲158%) 7(▲40%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $436M 16 - 40 4 Ula (2019, $141M) Ralali (2015, $22.5M) GudangAda (2019, $135M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
  • 24.
    Copyright © 2022,Tracxn Technologies Limited. All rights reserved. Southeast Asia Tech - Top Business Models Report Recent Funding Rounds NIUM (2002) $3.0M - Series D - Feb 2022 $200M - Series D - Jul 2021 Wallet Engine (2014) $2.4M - Seed - Dec 2021 Remittance Softwares for Enterprises - Southeast Asia 16 24 Back to index Digital Remittance (InstaReM) (# Cos: 160 | $1.1B) Enablers (Thunes) (# Cos: 17 | $433M) Software for Enterprises (NIUM) (# Cos: 11 | $303M) Taxonomy $ Invested in last 1 year in Southeast Asia Tech Key Stats # Funding Rounds in last 1 year in Southeast Asia Tech $205M (▲9679%) 3(▲50%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $303M 5 - 11 1 NIUM (2002, $300M) Qwikwire (2013, $460K) Wallet Engine (2014, $2.4M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
  • 25.
    Copyright © 2022,Tracxn Technologies Limited. All rights reserved. Southeast Asia Tech - Top Business Models Report Recent Funding Rounds Esco Lifesciences (1978) $200M - Series A - May 2021 Life Sciences Research Instruments - Southeast Asia 17 25 Back to index Life Sciences Platforms and Tools (Cordlife) (# Cos: 138 | $557M) Instruments (Curiox) (# Cos: 19 | $230M) Diversified (Esco Lifesciences) (# Cos: 5 | $200M) Taxonomy $ Invested in last 1 year in Southeast Asia Tech Key Stats # Funding Rounds in last 1 year in Southeast Asia Tech $200M ( -- ) 1( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $200M 1 - 5 1 Esco Lifesciences (1978, $200M) Biomedia Watech Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
  • 26.
    Copyright © 2022,Tracxn Technologies Limited. All rights reserved. Southeast Asia Tech - Top Business Models Report Recent Funding Rounds Residential Real Estate Listings - Southeast Asia 18 26 Back to index Residential Real Estate Tech (99 Group) (# Cos: 411 | $1.5B) Listings (PropertyGuru) (# Cos: 292 | $1.3B) Taxonomy $ Invested in last 1 year in Southeast Asia Tech Key Stats # Funding Rounds in last 1 year in Southeast Asia Tech $172M (▼63%) 3(▼57.1%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 20 $1.3B 45 2 292 5 PropertyGuru (2007, $642M) 99 Group (2014, $25.5M) PropertyGuru (2007, $543M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. PropertyGuru (2007) $147M - Series D - Aug 2021 Pinhome (2019) $25.5M - Series A - Jul 2021 PropertyScout (2019) Undisclosed - Seed - Jan 2022
  • 27.
    Copyright © 2022,Tracxn Technologies Limited. All rights reserved. Southeast Asia Tech - Top Business Models Report Recent Funding Rounds Online K-12 Chinese Tutoring - Southeast Asia 19 27 Back to index Taxonomy $ Invested in last 1 year in Southeast Asia Tech Key Stats # Funding Rounds in last 1 year in Southeast Asia Tech $162M (▲1143%) 3(▲50%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $182M 2 - 6 1 K-12 EdTech (Quipper) (# Cos: 878 | $704M) B2C Learning Solutions (Ruangguru) (# Cos: 395 | $538M) Language Learning (Cakap) (# Cos: 62 | $198M) Chinese (T-Lab) (# Cos: 9 | $182M) Online Tutoring (LingoAce) (# Cos: 6 | $182M) LingoAce (2013, $180M) T-Lab (2020, $1.6M) KIRIN Mandarin Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. LingoAce (2013) $105M - Series C - Dec 2021 $55.0M - Series B - Oct 2021 T-Lab (2020) $1.6M - Seed - Sep 2021
  • 28.
    Copyright © 2022,Tracxn Technologies Limited. All rights reserved. Southeast Asia Tech - Top Business Models Report Recent Funding Rounds Strategy NFT Games - Southeast Asia 20 28 Back to index Taxonomy $ Invested in last 1 year in Southeast Asia Tech Key Stats # Funding Rounds in last 1 year in Southeast Asia Tech $160M ( -- ) 5( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $166M 13 - 20 0 PC & Console Gaming (IGG) (# Cos: 235 | $670M) Blockchain Games (Heroverse) (# Cos: 48 | $182M) NFTs (Planet Sandbox) (# Cos: 48 | $182M) Strategy Games (Axie) (# Cos: 20 | $166M) Axie (2018, $159M) Heroverse (2021, $1.7M) Starbots (2021, $2.4M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Axie (2018) $150M - Series B - Oct 2021 $7.5M - Series A - May 2021 Chain Crisis (2021) $2.5M - Seed - Feb 2022 Starbots (2021) $2.4M - Seed - Nov 2021 Heroverse (2021) $1.7M - Seed - Sep 2021
  • 29.
    Copyright © 2022,Tracxn Technologies Limited. All rights reserved. Southeast Asia Tech - Top Business Models Report Recent Funding Rounds Plant Based Meat Substitutes - Southeast Asia 21 29 Back to index Taxonomy $ Invested in last 1 year in Southeast Asia Tech Key Stats # Funding Rounds in last 1 year in Southeast Asia Tech $150M (▲577%) 5( <> 0% ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $176M 9 - 10 2 Food Tech (Healthify) (# Cos: 873 | $753M) Novel Foods (TurtleTree) (# Cos: 35 | $256M) Food Products (Umami Meats) (# Cos: 32 | $211M) Alternative Proteins (Growthwell) (# Cos: 20 | $211M) Meat Substitute (Shiok Meats) (# Cos: 12 | $207M) Plant Based (Next Gen Foods) (# Cos: 10 | $176M) Next Gen Foods (2020, $132M) Growthwell (1989, $30.0M) Green Rebel (2021, $7.0M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Next Gen Foods (2020) $100M - Series A - Feb 2022 $20.0M - Seed - Jul 2021 Growthwell (1989) $22.0M - Series A - Sep 2021 Green Rebel (2021) $7.0M - Seed - Apr 2022 WTH (2019) $1.2M - Seed - Oct 2021
  • 30.
    Copyright © 2022,Tracxn Technologies Limited. All rights reserved. Southeast Asia Tech - Top Business Models Report Recent Funding Rounds Rewards and Cashback Apps - Southeast Asia 22 30 Back to index Taxonomy $ Invested in last 1 year in Southeast Asia Tech Key Stats # Funding Rounds in last 1 year in Southeast Asia Tech $150M (▲275%) 1(▼50%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 1 $292M 5 - 13 1 Coupons and Deals (Giladiskon) (# Cos: 265 | $477M) Rewards & Cashback (Snapcart) (# Cos: 75 | $423M) Online (Happihub) (# Cos: 35 | $406M) Horizontal (Fave) (# Cos: 35 | $406M) Mobile (ShopBack) (# Cos: 13 | $292M) ShopBack (2014, $260M) Fave (2015, $32.0M) Happihub Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. ShopBack (2014) $150M - Series B - Mar 2022
  • 31.
    Copyright © 2022,Tracxn Technologies Limited. All rights reserved. Southeast Asia Tech - Top Business Models Report Recent Funding Rounds Corporate Travel & Expense Cards - Southeast Asia 23 31 Back to index Taxonomy $ Invested in last 1 year in Southeast Asia Tech Key Stats # Funding Rounds in last 1 year in Southeast Asia Tech $148M (▲3518%) 3(▲50%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $152M 2 - 6 2 Finance & Accounting Tech (BukuWarung) (# Cos: 540 | $695M) Accounting Solutions (BukuKas) (# Cos: 404 | $622M) Procure to Pay (Spenmo) (# Cos: 39 | $163M) Travel & Expense (Jojonomic) (# Cos: 17 | $158M) Card Solutions (Volopay) (# Cos: 6 | $152M) Volopay (2020, $31.1M) Spenmo (2019, $121M) Xpensio Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Spenmo (2019) $85.3M - Series B - Feb 2022 $34.0M - Series A - Sep 2021 Volopay (2020) $29.0M - Series A - Mar 2022
  • 32.
    Copyright © 2022,Tracxn Technologies Limited. All rights reserved. Southeast Asia Tech - Top Business Models Report Recent Funding Rounds Retail Banking - Southeast Asia 24 32 Back to index Taxonomy $ Invested in last 1 year in Southeast Asia Tech Key Stats # Funding Rounds in last 1 year in Southeast Asia Tech $148M (▲605%) 2(▲100%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $175M 1 - 3 1 Banking Tech (Active.Ai) (# Cos: 290 | $1.4B) Internet First Banks (Aspire) (# Cos: 52 | $331M) Digital Native Banks (Opal Payment) (# Cos: 6 | $175M) Retail Banking (TONIK) (# Cos: 3 | $175M) TONIK (2018, $175M) Salaam Bank NEEBank Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. TONIK (2018) $131M - Series B - Feb 2022 $17.0M - Series A - May 2021
  • 33.
    Copyright © 2022,Tracxn Technologies Limited. All rights reserved. Southeast Asia Tech - Top Business Models Report Recent Funding Rounds CPG Brands E-Commerce Software Suite - Southeast Asia 25 33 Back to index Brands Tech (Trax) (# Cos: 41 | $1.6B) ECommerce Software (SIRCLO) (# Cos: 15 | $295M) Taxonomy $ Invested in last 1 year in Southeast Asia Tech Key Stats # Funding Rounds in last 1 year in Southeast Asia Tech $128M (▲814%) 7(▲40%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 1 $295M 10 - 15 6 SIRCLO (2013, $92.0M) Anchanto (2011, $16.1M) aCommerce (2013, $119M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. SIRCLO (2013) $36.0M - Series B - Sep 2021 $45.0M - Series B - May 2021 Great Deals E-Commerce (2017) $30.0M - Series B - May 2021 Intrepid (2017) $11.0M - Series B - Jun 2021 etaily (2020) $4.3M - Seed - Jan 2022 $1.6M - Seed - Aug 2021 Jet Commerce (2017) Undisclosed - Seed - Feb 2022
  • 34.
    Copyright © 2022,Tracxn Technologies Limited. All rights reserved. Southeast Asia Tech - Top Business Models Report Recent Funding Rounds Hummingbird Bioscience (2015) $125M - Series C - May 2021 Pan-Cancer Drugs - Southeast Asia 26 34 Back to index Oncology (Mirxes) (# Cos: 38 | $779M) Drugs (ASLAN Pharmaceuticals) (# Cos: 24 | $506M) Pan Cancer (Hummingbird Bioscience) (# Cos: 3 | $151M) Taxonomy $ Invested in last 1 year in Southeast Asia Tech Key Stats # Funding Rounds in last 1 year in Southeast Asia Tech $125M (▲1983%) 1( <> 0% ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $151M 2 - 3 1 Hummingbird Bioscience (2015, $150M) CytoMed Therapeutics (2018, $1.1M) Auxi Therapeutics Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
  • 35.
    Copyright © 2022,Tracxn Technologies Limited. All rights reserved. Southeast Asia Tech - Top Business Models Report Recent Funding Rounds B2B Grocery Marketplaces - Southeast Asia 27 35 Back to index Taxonomy $ Invested in last 1 year in Southeast Asia Tech Key Stats # Funding Rounds in last 1 year in Southeast Asia Tech $123M ( -- ) 3( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $123M 1 - 3 1 B2B E-Commerce (Moglix) (# Cos: 356 | $1.8B) Food & Beverages (TreeDots) (# Cos: 56 | $411M) Groceries (ShopUp) (# Cos: 51 | $411M) Multi Category (OctoRocket.asia) (# Cos: 4 | $123M) Marketplace (Growsari) (# Cos: 3 | $123M) Growsari (2016, $123M) OctoRocket.asia Mungmee Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Growsari (2016) $77.5M - Series C - Mar 2022 $45.0M - Series C - Jan 2022 Undisclosed - Series B - Jun 2021
  • 36.
    Copyright © 2022,Tracxn Technologies Limited. All rights reserved. Southeast Asia Tech - Top Business Models Report Recent Funding Rounds Sygnum (2018) $120M - Series B - Jan 2022 Flint (2021) $5.1M - Seed - Jan 2022 Cryptocurrency Banking - Southeast Asia 28 36 Back to index Cryptocurrencies (PDAX) (# Cos: 1247 | $1.1B) Financial Services (Coins.ph) (# Cos: 877 | $935M) Banking (Sygnum) (# Cos: 17 | $130M) Taxonomy $ Invested in last 1 year in Southeast Asia Tech Key Stats # Funding Rounds in last 1 year in Southeast Asia Tech $120M (▲5966%) 2( <> 0% ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $130M 5 - 17 3 Sygnum (2018, $120M) Hodlnaut Flint (2021, $5.1M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
  • 37.
    Copyright © 2022,Tracxn Technologies Limited. All rights reserved. Southeast Asia Tech - Top Business Models Report Recent Funding Rounds Cryptocurrency Exchanges - Southeast Asia 29 37 Back to index Taxonomy $ Invested in last 1 year in Southeast Asia Tech Key Stats # Funding Rounds in last 1 year in Southeast Asia Tech $119M (▲612%) 10(▲42.9%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 9 $204M 44 - 301 5 Cryptocurrencies (imToken) (# Cos: 1247 | $1.1B) Financial Services (Coins.ph) (# Cos: 877 | $935M) Investment Industry (Liquid) (# Cos: 588 | $625M) Crypto Exchanges (PDAX) (# Cos: 301 | $204M) PDAX (2017, $62.5M) Liquid (2014, $20.0M) Kyber Network Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. PDAX (2017) $50.0M - Series B - Feb 2022 $12.5M - Series A - Aug 2021 Zipmex (2018) $11.0M - Series B - Mar 2022 $41.0M - Series B - Aug 2021 zkLink (2019) $8.5M - Series A - Oct 2021 Sparrow Exchange (2018) $4.4M - Series A - Nov 2021 NASDEX (2021) $1.1M - Seed - Aug 2021 View all 10 Funding Rounds on Tracxn Platform
  • 38.
    Copyright © 2022,Tracxn Technologies Limited. All rights reserved. Southeast Asia Tech - Top Business Models Report Recent Funding Rounds Matrixport (2019) $100M - Series C - Aug 2021 EvryNet (2018) $7.0M - Series A - Oct 2021 CYBAVO (2018) $4.0M - Seed - Jun 2021 AntEx (2019) $2.5M - Seed - Oct 2021 Carb0n.fi (2021) $600K - Series A - Jan 2022 hi (1994) Undisclosed - Seed - Jul 2021 Crypto Financial Services - Southeast Asia 30 38 Back to index Cryptocurrencies (imToken) (# Cos: 1247 | $1.1B) Financial Services (PDAX) (# Cos: 877 | $935M) Diversified (Coins.ph) (# Cos: 113 | $160M) Taxonomy $ Invested in last 1 year in Southeast Asia Tech Key Stats # Funding Rounds in last 1 year in Southeast Asia Tech $114M (▲2984%) 6(▲500%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 3 $160M 22 - 113 3 Coins.ph (2014, $10.0M) Matrixport (2019, $129M) CRYPTO Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
  • 39.
    Copyright © 2022,Tracxn Technologies Limited. All rights reserved. Southeast Asia Tech - Top Business Models Report Recent Funding Rounds Online P2P Second Hand Goods Listings - Southeast Asia 31 39 Back to index Taxonomy $ Invested in last 1 year in Southeast Asia Tech Key Stats # Funding Rounds in last 1 year in Southeast Asia Tech $110M (▲37.5%) 2(▲100%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 5 $387M 9 - 72 2 Horizontal E-Commerce (Tokopedia) (# Cos: 581 | $6.9B) Second Hand (Kaskus) (# Cos: 90 | $390M) Listings (OLX Indonesia) (# Cos: 73 | $387M) P2P (Carousell) (# Cos: 72 | $387M) Carousell (2013, $373M) OLX Indonesia (2005, $13.7M) Kaidee Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Carousell (2013) $10.0M - Series E - Nov 2021 $100M - Series E - Sep 2021
  • 40.
    Copyright © 2022,Tracxn Technologies Limited. All rights reserved. Southeast Asia Tech - Top Business Models Report Recent Funding Rounds Web Based Platform for Doctor Consultation - Southeast Asia 32 40 Back to index Taxonomy $ Invested in last 1 year in Southeast Asia Tech Key Stats # Funding Rounds in last 1 year in Southeast Asia Tech $104M (▲29.1%) 3(▲50%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $317M 17 - 126 2 Healthcare Booking Platforms (Homage) (# Cos: 674 | $519M) Doctors (Alodokter) (# Cos: 308 | $419M) Telemedicine (Riliv) (# Cos: 178 | $319M) Teleconsultation (Halodoc) (# Cos: 176 | $319M) Diversified (Doctor Anywhere) (# Cos: 126 | $317M) Doctor Anywhere (2015, $135M) Halodoc (2016, $180M) EDoctor (2014, $1.0M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Doctor Anywhere (2015) $104M - Series C - Aug 2021 Medici Undisclosed - Seed - Feb 2022 Undisclosed - Seed - Aug 2021
  • 41.
    Copyright © 2022,Tracxn Technologies Limited. All rights reserved. Southeast Asia Tech - Top Business Models Report Recent Funding Rounds White Label Wallet Solutions - Southeast Asia 33 41 Back to index Taxonomy $ Invested in last 1 year in Southeast Asia Tech Key Stats # Funding Rounds in last 1 year in Southeast Asia Tech $102M (▲388%) 2(▲100%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $159M 4 1 12 1 Payments (Grab) (# Cos: 1048 | $20.3B) Enablers (Tookitaki) (# Cos: 76 | $251M) White Label Solutions (Wallet Engine) (# Cos: 29 | $173M) Wallets (MatchMove) (# Cos: 12 | $159M) MatchMove (2009, $156M) Wallet Engine (2014, $2.4M) Kashmi (2014, $530K) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. MatchMove (2009) $100M - Series D - Jun 2021 Wallet Engine (2014) $2.4M - Seed - Dec 2021
  • 42.
    Copyright © 2022,Tracxn Technologies Limited. All rights reserved. Southeast Asia Tech - Top Business Models Report Recent Funding Rounds B2B Farm Produce Marketplaces - Southeast Asia 34 42 Back to index Taxonomy $ Invested in last 1 year in Southeast Asia Tech Key Stats # Funding Rounds in last 1 year in Southeast Asia Tech $102M ( -- ) 5( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 2 $143M 10 - 21 5 B2B E-Commerce (Moglix) (# Cos: 356 | $1.8B) Food & Beverages (Growsari) (# Cos: 56 | $411M) Groceries (TaniHub) (# Cos: 51 | $411M) Farm Products (ShopUp) (# Cos: 30 | $253M) Marketplace (TreeDots) (# Cos: 21 | $143M) TreeDots (2017, $15.0M) TaniHub (2015, $94.0M) Eden Farm (2017, $20.8M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. TaniHub (2015) $65.5M - Series B - May 2021 Eden Farm (2017) $19.0M - Series A - Nov 2021 TreeDots (2017) $11.0M - Series A - Nov 2021 AgriAku (2021) $6.0M - Seed - Mar 2022 Undisclosed - Seed - Dec 2021
  • 43.
    Copyright © 2022,Tracxn Technologies Limited. All rights reserved. Southeast Asia Tech - Top Business Models Report Recent Funding Rounds Internet First NFC Prepaid Cards - Southeast Asia 35 43 Back to index Taxonomy $ Invested in last 1 year in Southeast Asia Tech Key Stats # Funding Rounds in last 1 year in Southeast Asia Tech $100M ( -- ) 1( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $101M 3 - 7 1 Payments (Gojek) (# Cos: 1048 | $20.3B) Consumer Payments (Grab) (# Cos: 470 | $17.3B) Payment Cards (Volopay) (# Cos: 61 | $321M) Prepaid Cards (YouTrip) (# Cos: 53 | $290M) General Purpose (MyMy) (# Cos: 36 | $108M) Reloadable (PayMaya) (# Cos: 36 | $108M) NFC (BigPay) (# Cos: 7 | $101M) BigPay (2017, $100M) FlexM (2014, $866K) YoloPay Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. BigPay (2017) $100M - Series A - Aug 2021
  • 44.
    Copyright © 2022,Tracxn Technologies Limited. All rights reserved. Southeast Asia Tech - Top Business Models Report Recent Funding Rounds Cryptocurrency Custodian Services - Southeast Asia 36 44 Back to index Taxonomy $ Invested in last 1 year in Southeast Asia Tech Key Stats # Funding Rounds in last 1 year in Southeast Asia Tech $98.0M (▲1533%) 3(▲200%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $105M 5 - 9 2 Cryptocurrencies (imToken) (# Cos: 1247 | $1.1B) Financial Services (Coins.ph) (# Cos: 877 | $935M) Investment Industry (PDAX) (# Cos: 588 | $625M) Custodian Services (Hex Trust) (# Cos: 9 | $105M) Hex Trust (2018, $104M) Onchain Custodian Atato (2017, $1.0M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Hex Trust (2018) $88.0M - Series B - Mar 2022 $10.0M - Series A - Oct 2021 Undisclosed - Series A - Jul 2021
  • 45.
    Copyright © 2022,Tracxn Technologies Limited. All rights reserved. Southeast Asia Tech - Top Business Models Report Recent Funding Rounds Bioplastics - Southeast Asia 37 45 Back to index Taxonomy $ Invested in last 1 year in Southeast Asia Tech Key Stats # Funding Rounds in last 1 year in Southeast Asia Tech $95.1M (▼28.5%) 1(▼50%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $263M 2 - 3 1 Advanced Materials (Nodis) (# Cos: 28 | $265M) Biomaterials (BIOSTARCH) (# Cos: 6 | $263M) Biodegradable Polymers (Osteopore) (# Cos: 4 | $263M) Bioplastics (RWDC Industries) (# Cos: 3 | $263M) RWDC Industries (2015, $263M) BIOSTARCH Global Biopolymers Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. RWDC Industries (2015) $95.1M - Series B - Nov 2021
  • 46.
    Copyright © 2022,Tracxn Technologies Limited. All rights reserved. Southeast Asia Tech - Top Business Models Report Recent Funding Rounds Cryptocurrency Trading Platforms - Southeast Asia 38 46 Back to index Taxonomy $ Invested in last 1 year in Southeast Asia Tech Key Stats # Funding Rounds in last 1 year in Southeast Asia Tech $95.0M (▲ >10K%) 4(▲300%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $104M 16 - 125 4 Cryptocurrencies (imToken) (# Cos: 1247 | $1.1B) Financial Services (Coins.ph) (# Cos: 877 | $935M) Investment Industry (PDAX) (# Cos: 588 | $625M) Online Trading Platforms (AscendEX) (# Cos: 192 | $205M) Regular Trading (Pintu) (# Cos: 125 | $104M) Pintu (2016, $41.0M) AscendEX (2018, $50.0M) Phemex (2016, $5.0M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. AscendEX (2018) $50.0M - Series B - Nov 2021 Pintu (2016) $35.0M - Series A - Aug 2021 $6.0M - Series A - May 2021 Cabital (2020) $4.0M - Seed - Sep 2021
  • 47.
    Copyright © 2022,Tracxn Technologies Limited. All rights reserved. Southeast Asia Tech - Top Business Models Report Recent Funding Rounds Free Float Electric Kick Scooter Rentals - Southeast Asia 39 47 Back to index Taxonomy $ Invested in last 1 year in Southeast Asia Tech Key Stats # Funding Rounds in last 1 year in Southeast Asia Tech $93.0M (▲258%) 1( <> 0% ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $135M 1 - 3 1 Electric Vehicles (ION Mobility) (# Cos: 173 | $304M) Vehicle as a Service (BlueSG) (# Cos: 34 | $175M) Kick Scooters (Neuron) (# Cos: 13 | $175M) Free Float (Beam) (# Cos: 3 | $135M) Beam (2018, $135M) Scootbee OoGyaa Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Beam (2018) $93.0M - Series B - Feb 2022
  • 48.
    Copyright © 2022,Tracxn Technologies Limited. All rights reserved. Southeast Asia Tech - Top Business Models Report Recent Funding Rounds Mutual Fund Investment Platforms - Southeast Asia 40 48 Back to index Taxonomy $ Invested in last 1 year in Southeast Asia Tech Key Stats # Funding Rounds in last 1 year in Southeast Asia Tech $90.0M (▲282%) 4(▲100%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 2 $131M 5 - 13 3 Investment Tech (OurCrowd) (# Cos: 960 | $1.5B) Online Trading Platforms (Ajaib) (# Cos: 433 | $499M) Public Market Funds (Bareksa) (# Cos: 14 | $131M) Mutual Funds (Pluang) (# Cos: 13 | $131M) Pluang (2019, $113M) Bareksa (2013, $3.5M) FINNOMENA (2016, $13.2M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Pluang (2019) $55.0M - Series C - Jan 2022 $35.0M - Series B - Sep 2021 Bareksa (2013) Undisclosed - Series C - Nov 2021 Makmur (2020) Undisclosed - Seed - Sep 2021
  • 49.
    Copyright © 2022,Tracxn Technologies Limited. All rights reserved. Southeast Asia Tech - Top Business Models Report Recent Funding Rounds Internet First Personal Loans Marketplace - Southeast Asia 41 49 Back to index Taxonomy $ Invested in last 1 year in Southeast Asia Tech Key Stats # Funding Rounds in last 1 year in Southeast Asia Tech $90.0M ( -- ) 2( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $129M 8 1 79 2 Alternative Lending (Investree) (# Cos: 733 | $3.1B) Online Lenders (Akulaku) (# Cos: 559 | $2.7B) Consumer Loans (Kredivo) (# Cos: 309 | $1.4B) Personal Loans (UangMe) (# Cos: 115 | $164M) Marketplace (JULO) (# Cos: 79 | $129M) JULO (2016, $105M) UangMe (2018, $24.0M) KTC Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. JULO (2016) $30.0M - Series B - Apr 2022 $60.0M - Series B - Feb 2022
  • 50.
    Copyright © 2022,Tracxn Technologies Limited. All rights reserved. Southeast Asia Tech - Top Business Models Report Recent Funding Rounds CPG Brands Storefronts - Southeast Asia 42 50 Back to index Brands Tech (Trax) (# Cos: 41 | $1.6B) Storefront (LummoSHOP) (# Cos: 3 | $140M) Taxonomy $ Invested in last 1 year in Southeast Asia Tech Key Stats # Funding Rounds in last 1 year in Southeast Asia Tech $80.0M ( -- ) 2( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $140M 3 - 3 1 LummoSHOP (2019, $140M) Ecomobi Chatgenie Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. LummoSHOP (2019) $80.0M - Series C - Jan 2022 Chatgenie Undisclosed - Seed - Nov 2021
  • 51.
    Copyright © 2022,Tracxn Technologies Limited. All rights reserved. Southeast Asia Tech - Top Business Models Report Recent Funding Rounds Payroll Management - Southeast Asia 43 51 Back to index HRTech (Healthify) (# Cos: 1779 | $542M) Payroll Management (Multiplier) (# Cos: 82 | $92.2M) Taxonomy $ Invested in last 1 year in Southeast Asia Tech Key Stats # Funding Rounds in last 1 year in Southeast Asia Tech $77.2M ( -- ) 3( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $92.2M 8 - 82 3 Multiplier (2020, $77.2M) HReasily (2015, $5.0M) Sprout (2015, $7.6M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Multiplier (2020) $60.0M - Series B - Mar 2022 $13.2M - Series A - Nov 2021 $4.0M - Seed - Jul 2021
  • 52.
    Copyright © 2022,Tracxn Technologies Limited. All rights reserved. Southeast Asia Tech - Top Business Models Report Recent Funding Rounds Fitness & Nutrition Training & Planning Apps - Southeast Asia 44 52 Back to index Taxonomy $ Invested in last 1 year in Southeast Asia Tech Key Stats # Funding Rounds in last 1 year in Southeast Asia Tech $75.0M ( -- ) 1( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $100M 1 - 17 1 Fitness & Wellness Tech (Riliv) (# Cos: 391 | $111M) Physical Fitness (Fitnesia) (# Cos: 248 | $105M) Fitness and Diet Training Apps (Sirka) (# Cos: 117 | $103M) Fitness & Nutrition (Active8Me) (# Cos: 24 | $100M) Apps (Okfits) (# Cos: 18 | $100M) Training & Planning (Healthify) (# Cos: 17 | $100M) Healthify (2012, $100M) Okfits Myfitsociety Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Healthify (2012) $75.0M - Series C - Jul 2021
  • 53.
    Copyright © 2022,Tracxn Technologies Limited. All rights reserved. Southeast Asia Tech - Top Business Models Report Recent Funding Rounds Kumu (2017) $73.7M - Series C - Oct 2021 Undisclosed - Series B - Jun 2021 OTT Live Streaming Distribution Solutions - Southeast Asia 45 53 Back to index OTT Video (iflix) (# Cos: 223 | $756M) Video Distribution (GoStream) (# Cos: 19 | $103M) Live Streaming (Kumu) (# Cos: 13 | $100M) Taxonomy $ Invested in last 1 year in Southeast Asia Tech Key Stats # Funding Rounds in last 1 year in Southeast Asia Tech $73.7M (▲391%) 2( <> 0% ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $100M 6 - 13 1 Kumu (2017, $100M) GoStream GoStudio Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
  • 54.
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  • 56.
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