Singapore and Indonesia: Southeast Asia's Two Most Valuable Startup Ecosystems

Economics & Macro

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Cindy Mutia Annur 30/09/2020 12:30 WIB

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Singapore and Indonesia are two of the most valuable technology startup ecosystems in Southeast Asia.

Total Valuation of Technology Startups by Country in Southeast Asia (2020)

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Singapore and Indonesia: Southeast Asia's Two Most Valuable Startup Ecosystems

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Total Valuation of Technology Startups by Country in Southeast Asia (2020)

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A September 2020 report, *The Future of Fintech in Southeast Asia*, by Dealroom, Finch Capital, and MDI Ventures, notes that Singapore and Indonesia are the two most valuable technology startup ecosystems in Southeast Asia. Singapore's total technology startup valuation is US$60 billion, while Indonesia's is US$35 billion.

Singapore's Grab is currently the most valuable technology startup in Southeast Asia, valued at US$14 billion, followed by Indonesia's Gojek at US$10 billion.

Vietnam follows Singapore and Indonesia with a total valuation of US$5 billion, the Philippines at US$4 billion, and Malaysia at US$4 billion.

Editor : Muhammad Ahsan Ridhoi

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."