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Hello readers,
Do you remember that new workout regime you wanted to implement, that business you wanted to start, or that person you were keen on asking out for dinner? All these random and unrelated events share one thing in common: They will never become a reality if you are not bold enough to venture into the unknown.
The first step toward any aspiration is often the hardest, as there is no proof that it can be achieved. Nonetheless, it also acts as a springboard by providing us with momentum and the belief in our abilities to reach our goals. For instance, Mark Zuckerberg probably would not have built Facebook if he hadn’t first developed FaceMash, a website set up as a type of “hot or not” game for Harvard students, in 2003.
Startups, too, never really get off the ground until they take their first steps (i.e., bankrolling their business through several funding rounds). And in today’s premium pick, we analyze the list of startups in Southeast Asia that have recently raised funding.
— Shravanth
The Big Story
50 rising startups in Southeast Asia
Which are the startups that are on the path to becoming the next big thing? Read more.
Trending news
1. Byju’s in talks with SPACs to go public within 4 weeks
The edtech firm is also looking to raise a pre-IPO funding round worth US$750 million to US$1 billion.
2. Ex-Lazada, Snapp execs’ restaurant payments firm raises $17m in seed money
Already present in the UAE, Saudi Arabia, and India, Qlub will launch in other international markets in the coming weeks.
3. J&T Express, others to pour $6.4b into Saudi Arabia
Aramco Venture also set up a billion-dollar fund while Stc unveiled its US$1 billion MENA Hub, among others.
4. Samsung-backed AI startup eyes $100m fundraise
Gnani plans to ramp up its presence in the US and expects to generate nearly 50% of its revenue from this market.
5. Ex-Shopee exec’s food app served $1.3m in funding
Gobble is a group-based food ordering platform that allows users to choose from what their friends have ordered.
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