Unicorns of Southeast Asia – Whither next?

Photo by Wilmer Martinez on Unsplash

Southeast Asia’s unicorns raised nearly $8 billion in funding in 2018, on the back of mega funding rounds raised by Grab ($3 billion), Lazada ($2 billion), Go-Jek ($1.5 billion) and Tokopedia ($1.1 billion).

Go-Jek recently announced the first close of its Series F round, where it is believed to have raised just over $1 billion. Grab has another $2 billion to raise in its Series G round. Late last year, media reports said that Traveloka was in talks to raise $400 million from investors including Singapore’s GIC.

With such a huge largesse, where do Southeast Asia’s unicorns go from here?

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