The top 20 deals sustained overall fundraising activity in SE Asia last year

Photo: Cytonn Photography / Unsplash

Despite an unprecedented health crisis that spared no major economy, startups in Southeast Asia raised $8.6 billion across 622 deals in 2020.

The deal value was only a tad lower than the $8.76 billion raised in 2019 thanks to the top 20 deals. The 20 biggest deals amounted to over $5.7 billion, or 66% of overall dealmaking activity last year, as reported in DealStreetAsia’s SE Asia Deal Review: Q4 2020.

Fundraising

The largest fundraisers in 2020 were ride-hailing and payment decacorns Gojek and Grab, which raised at least $1.65 billion and $1.06 billion, respectively.

Expand Table

Top 20 fundraisings in SEA accounted for 66% of deal value

CompanyHeadquartersVerticalInvestment StageDeal value ($ million)
GojekIndonesiaRide-hailing, food deliverySeries F + Corp. Round1,650
GrabSingaporeRide-hailing, food deliverySeries I1,056
Princeton Digital GroupSingaporeData centrePrivate Equity360
TokopediaIndonesiae-commerce, e-marketplaceSeries H350
Ninja VanSingaporeLogisticsSeries D279
TravelokaIndonesiaTravel techVenture (series unknown)250
PropertyGuru GroupSingaporeProptechPrivate Equity220
Flash ExpressThailandLogisticsSeries D200
RWDC IndustriesSingaporeDeep tech, green techSeries B133
Tiki CorporationVietname-commerce, e-marketplacePrivate Equity130
FAST GroupPhilippinesLogisticsPrivate equity125
Voyager InnovationsPhilippinesFintech, e-paymentPrivate equity120
WaresixIndonesiaLogisticsSeries B114
Line ManThailandLogisticsPrivate equity110
Kopi KenanganIndonesiaFood & BeverageSeries B109
SunseapSingaporeGreen techSeries D109
BiofourmisSingaporeHealth techSeries C100
BukalapakIndonesiae-commerceSeries G100
LinkAjaIndonesiaFintech, e-paymentSeries B100
Yoma BankMyanmarFintech, digital bankPrivate equity89
Total5,703
Source: DealStreetAsia data

For more data on Southeast Asia’s fundraisings, please refer to our Research & Analytics report.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.