Tech in Asia’s new biannual report looks at the most recent developments in the region’s booming tech scene in terms of funding activity, fast-growing verticals, and exits – and how these fit into the bigger picture. View or download the report here:
Cool down across Asia
A cooling down in tech venture funding was felt across Asia last year, with a sharp drop in the second half of the year.
China still rules
China held a strong lead over all other countries. Chinese startups received double the number of deals and quadruple the number of investment dollars as the top four Asian countries in that time period combined.
India’s early stage median deal size lags behind Southeast Asia’s
While the number of seed deals closed in India remains high, the median deal size has been more or less stable since 2014. Early stage ticket sizes tend to be smaller than in Southeast Asia right now.
Southeast Asia breaks away from ecommerce
In China and India, ecommerce continues to be the top funded vertical.
Southeast Asia is breaking away from this trend. In 2016, for the first time, fintech attracted more investor interest than ecommerce in Southeast Asia.
H2 2016 saw 29 fintech deals closed, versus 26 ecommerce deals.
The Tech in Asia database comprises more than 37,000 tech ventures, with a focus on Southeast Asia, India, and China. It grows daily.
We scan international and local news, database entries, #startup and VC firms’ websites for updates. However, some startups choose not disclose their fundraising activity, which means they do not factor into this report. Southeast Asian tech startups, in particular, tend to not disclose the amount of funds raised.
Research and data visualization by Queena Wadayanti and Dian Fadhila.
How can we improve future reports? Let us know in the comment section below.