Have Unicorns reached their tipping point?
Looking beyond sky-high valuations of Unicorns in South East Asia
South East Asia (“SEA”) is increasingly becoming a Unicorn hotbed, producing more than 14 privately held companies valued at over US$1 bn in the past six years. In 2019 alone, SEA minted 4 Unicorns, since the initial batch of Unicorns in 2014 - VNG Corporation, Garena (now known as Sea Limited), Grab, Lazada and Razer.
The rapid growth of internet connectivity in the region has been a key catalyst for startups. In a region with rapid urbanisation, rising youth population and a digitally-savvy community, startups are innately well-positioned to thrive in a digital economy.
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Deals Partner Deals Strategy & Operations, and Healthcare Leader, PwC Malaysia
Tel: +60 (3) 2173 0551
