In its calculations, Jungle Ventures looked at publicly available information on 31 start-ups valued from $250 million to over $1 billion.
"We have done such back of the envelope calculation that it's not hard to imagine there's a lot more data that we are not looking at, in terms of the rounds that are either not announced or companies that are still under the radar," he said.
"If you look at the growth rate of the last 3 to 5 years in Southeast Asia, if it continues, which by all means it will, you're going to head to a trillion dollars even before 2025," Anand added.Southeast Asia is home to some 400 million internet users and 10% of them went online for the first time in 2020.
The internet economy in Singapore, Malaysia, Indonesia, the Philippines, Vietnam and Thailand — the largest economies in the region — is predicted to cross $300 billion by 2025, according to a commonly cited industryThere is no dearth of funding options available to the region's start-ups as investors, including private equity, write large checks. Southeast Asian start-upsI think there's a lot of appetite in IPO market.
The region's start-up environment has what he described as a "last mover advantage" — companies have the benefit of learning from the successes and failures of their peers in the U.S., China and India.A number of the region's prominent start-ups are in the process of going public, and some of them have already announced blockbuster initial public offering plans.
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