Southeast Asia startup looks promising. At least, it’s indicated by total funding in the region. According to TechInAsia, Singapore and Indonesia continued to attract more fundings.
However, many startups that have undisclosed investments also show that the tally could have been bigger.
Southeast Asia continued to attract investors, who might have been looking for new growth opportunities. Its performance bucks the slowdown seen in India in 2016, and the big drop-off in China in the latter half of the year.
Also, while some startups might have felt a freeze as money was not flowing as freely as in years before, funding was always available for the truly robust ones. Prominent names like Grab, Go-Jek, Garena, and Tokopedia managed to bag yet more funding as they ramped up operations.