Rising SE Asian startups this week: a near-unicorn, a Sequoia-backed telco

Which are the startups that are on the path to becoming the next big thing? In this regular post, we give you an overview of the companies that have raised money in the past week, as well as those we think investors should look at.

1. Zilingo (Singapore)

Fashion marketplace Zilingo just might be on its way to becoming Asia’s next unicorn with the massive amounts of funding it has raised in recent years. The latest influx of cash was a series D investment to support the company’s regional expansion efforts. More info.

Amount raised: US$226 million

Investors: Led by Sequoia Capital India

2. Circles.Life (Singapore)

Mobile network operator Circles.Life received fresh series D funding to grow its operations. The startup aims to enter at least five new markets over the next 18 months. More info.

Amount raised: Undisclosed

Investors: Sequoia India

3. BeilMobilGue (Indonesia)

Used-car marketplace BeilMobilGue raised series A funding to strengthen its presence across Indonesia. Around 3.5 million used cars are sold in the country every year. More info.

Amount raised: US$10 million

Investors: Led by Frontier Car Group

4. Singapore Life (Singapore)

Singapore Life, an insurtech firm, turned profitable in 2018, its first full year of operations. It was founded in 2014 and given regulatory approval in 2017. More info.

5. Jitta (Thailand)

Financial intelligence platform Jitta secured what has been the biggest pre-series A funding for a Thai startup to date. The platform automates portfolio management and covers stock markets in 16 countries. More info.

Amount raised: US$6.5 million

Investors: Led by Beacon Venture Capital

6. Logivan (Vietnam)

Logivan, a Hanoi-based logistics startup, has completed its largest fundraise to date. The funds will be used to improve its AI, data analytics, and cross-platform integration capabilities. More info.

7. Mote Poh (Myanmar)

8. Infofed (Thailand)

9. 6Estates (Singapore)

10. Finmas (Indonesia)

11. FundMyLife (Singapore)

12. HelloGold (Malaysia)

13. Lab Me Analytics (Singapore)

14. Tada (Singapore)