E-commerce company founded in 2010 to digitise Indonesia's small retailers and warung kiosks; served 100m+ users. Its August 2021 IPO raised about US$1.5bn, then Indonesia's largest. Reported in January 2025 to be closing its physical-goods marketplace to focus on virtual products.

Founders: Achmad Zaky, Fajrin Rasyid, Nugroho Herucahyono

Classifieds and recommerce marketplace; reached a US$1.1bn valuation in September 2021.

Founders: Quek Siu Rui, Marcus Tan, Lucas Ngoo

Integrated used-car e-commerce platform operating in Malaysia, Indonesia, Thailand and Singapore. Reached a US$1.3bn valuation after a US$170m Series D2 in September 2021.

Founders: Eric Cheng, Teoh Jiun Ee

Online parcel-booking platform comparing rates across 60+ couriers for SMEs; founded in Penang in 2014, operates the Pgeon last-mile network and raised a US$10.5m Series B in 2019.

Founders: Clarence Leong, Chan Kee Siak

E-commerce logistics group founded in 2018; Thailand's first unicorn after US$150m Series D+ and E rounds in 2021 (backed by SCB10X, PTTOR, Krungsri Finnovate and eWTP). Reported a further ฿15bn (~US$447m) Series F.

Founders: Komsan Lee, Di Weijie

Makati-based VC founded in 2018, investing in Filipino-founded or Filipino-focused early-stage tech startups.

Founders: Franco Varona, Jesse Maxwell, Mark Kooijman

Asia-focused venture capital firm headquartered in Kuala Lumpur and Hong Kong, investing from seed to growth stage with a focus on emerging markets.

Founders: Thomas Tsao, Lawrence Tse, Wai Kit Lau

Formed by the May 2021 merger of Gojek and Tokopedia; provides on-demand services, e-commerce and financial technology.

E-commerce platform founded in March 2012 by Maximilian Bittner with Rocket Internet backing; now owned by Alibaba Group and headquartered at Lazada One, Bras Basah, serving six Southeast Asian markets.

Founders: Maximilian Bittner

Malaysia's largest venture capital fund, set up by the government in 2001; invests directly and through partner funds. Became a wholly owned subsidiary of Khazanah Nasional in July 2024.

Founders: Government of Malaysia

Bangkok-based omnichannel fashion brand launched in 2013 by former Lazada Thailand executives. Raised a US$52m Series C in 2019, the first Series C by a Thai startup, taking total funding past US$83m; backers include Central Group and JD.com.

Founders: David Jou, Casey Liang, Win Thanapisitikul

Singapore-headquartered consumer internet group founded as Garena in 2009; operates Shopee (Southeast Asia's largest e-commerce platform), Garena (Free Fire) and Monee (formerly SeaMoney, incl. MariBank and SeaBank). Revenue of US$16.8bn in 2024.

Founders: Forrest Li

Online shipping-booking platform letting merchants compare courier rates, print labels and track parcels in one system; a Thai Startup Association One Million Club member (1m+ users) with 2022 revenue of about US$11.2m.

Omnichannel beauty platform founded in 2015 to sell authentic, BPOM-certified products, with the SOCO review app, Beauty Journal, physical stores and distribution; expanded to Vietnam. Raised US$58m (2020, Temasek-led) and US$56.6m (2021, L Catterton-led).

Founders: John Rasjid, Christopher Madiam, Chrisanti Indiana

Online travel agency launched in August 2011, the only online rail-ticket partner of PT KAI besides its own site in its early years; acquired outright by Blibli (Djarum group) in June 2017 and continues to operate under its own brand.

Founders: Natali Ardianto, Wenas Agusetiawan, Dimas Surya Yaputra, Gaery Undarsa

E-commerce platform started in Ho Chi Minh City in 2010 as an English-book delivery service; pioneered two-hour delivery (TikiNOW) in Vietnam. Raised a US$258m Series E in 2021 led by AIA at a valuation the founder put near US$1bn; 20m registered users.

Founders: Tran Ngoc Thai Son