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6 Best-Funded Startups in Southeast Asia (2016)
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Grab is the Southeast Asian startup that has received the largest amount of funding. According to research by CB Insights, a New York-based data analytics consultant, Grab received US$690 million in investment. This funding, from Vertex Venture Holdings, GGV Capital, Qunar, and 500 Startups, is a result of the popularity of the Singapore-based online transportation company.
CB Insights' August 2016 release also placed Go-Jek second as the startup with the largest funding. This Indonesian unicorn startup received US$550 million from DST Global, Formation Group, and KKR. The next largest investment also went to an Indonesian company, Matahari Mall. This online store received US$500 million in funding from Lippo Group. Hundreds of startups are launched in the ASEAN region every year.
"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."