Asia-Pacific’s small corporations and startups on the rise
As Asia-Pacific strikes into post-pandemic mode, the qualities of creativity, resilience and capability for change shine by way of within the second Forbes Asia 100 to Watch record. We highlight 100 small corporations and startups throughout the area which can be addressing real-world challenges with contemporary considering and progressive services and products. These embody quicker blood assessments, extra accessible aged care companies, and well-being apps to assist these fighting isolation or burnout. Others on our record are taking goal at local weather change, by way of uber-long-lasting batteries, for instance, and more-resilient crops. Some supply fintech options to digitalize—and join—underserved markets. Fifteen nations and territories are represented throughout 11 classes that embody biotechnology and healthcare, e-commerce and retail, and finance. Singapore’s vibrant startup neighborhood contributed 19 corporations to the record, adopted intently by Hong Kong with 16.
Edited by John Kang and Catherine Wang
Modifying help and reporting by Yue Wang
Extra reporting by Jayde Cheung, Zinnia Lee, Yessar Rosendar, Simran Vaswani and Ardian Wibisono
METHODOLOGY: To pick out our 100 to Watch, Forbes Asia solicited on-line submissions, and invited accelerators, incubators, SME advocacy organizations, universities, enterprise capitalists and others to appoint corporations as properly. The ultimate 100 was chosen from over 650 submissions. To qualify for consideration, corporations needed to be headquartered within the Asia-Pacific area, privately owned, for revenue, have not more than $50 million in its newest annual income and have not more than $100 million in complete funding by way of Aug. 1. Our group evaluated every submission, metrics corresponding to a optimistic impression on the area or trade, a monitor report of robust income progress or means to draw funding, promising enterprise fashions or markets, and a persuasive story. The editors reserve the appropriate to take away or exchange any firm or particular person included in an inventory in mild of any new info that may disqualify them from inclusion.
From left: AgroStar cofounders Shardul Sheth and Sitanshu Sheth.
COURTESY OF AGROSTAR
AgroStar
India
Class: Agriculture
Yr based: 2013 • CEO: Shardul Sheth
Key backers: Aavishkaar Capital, Accel, Bertelsmann India Investments, British Worldwide Funding, Chiratae Ventures, Evolvence, Hero Enterprise, Worldwide Finance Company, Rabo Frontier Ventures, Schroders Capital
AgroStar’s mission is to “assist farmers win” by offering advisory companies to enhance crop yields and the possibility to attach with exporters. It additionally launched a top quality assurance lab in Could to check seeds and fertilizers. The startup says its digital community spans over 6.5 million farmers throughout India, and it processes roughly 70 million information factors a month to tailor suggestions. By way of the AgroStar app, farmers can ask inquiries to skilled “AgroDoctors,” watch tutorials on subjects corresponding to soil high quality, and community with different farmers. To date it has raised $96 million in funding.
AI For Pet
South Korea
Class: Biotechnology & Healthcare
Yr based: 2020 • CEO: Euna Hur
Key backers: Google for Startups, Industrial Financial institution of Korea, Korea Asset Funding Securities, Postech Holdings, Shinhan Sq. Bridge
AI For Pet operates an app that may detect eye and pores and skin ailments in cats and canines utilizing software program that analyzes photographs customers take with their telephones. Over 1 million samples of imaging information, labeled by veterinary consultants, have been used to develop its AI fashions, the corporate says.
Alami
Indonesia
Class: Finance
Yr based: 2019 • CEO: Dima Djani
Key backers: AC Ventures, East Ventures, FEBE Ventures, Golden Gate Ventures, Lendable, Tryb Group, Quona Capital
Alami goals to rework the Islamic finance trade, beginning with its Sharia-compliant peer-to-peer lending platform for small and midsized companies. The startup says its annual disbursement progress tripled over the previous two years because it tapped into Indonesia’s rising fish farming and logistic sectors, to convey the whole to over $200 million disbursed thus far.
Ami
Singapore
Class: Biotechnology & Healthcare
Yr based: 2022 • CEO: Justin Kim
Key backers: Collaborative Fund, Goodwater Capital, January Capital, Meta, Sturdy Ventures
Ami, a “human-centric” psychological wellness startup, pairs workers with mental-health professionals to assist enhance office well-being in Asia. The startup has raised $4 million to this point and serves over 20 corporations and startups in Singapore and Indonesia, with plans to increase into South Korea, Hong Kong, Thailand and Vietnam.
Forbes Asia
Animall
India
Class: Agriculture
Yr based: 2019 • CEO: Neetu Yadav
Key backers: Beenext, Rocketship.vc, Susquehanna Asia
Animall lets farmers in India commerce cattle instantly with one another by way of its app. The startup, which started in 2019, has now reached greater than 8 million dairy farmers, it says. Animall has supported 850,000 cattle gross sales previously three years. It additionally trades its personal animals.
Apartmentary
South Korea
Class: Client Know-how
Yr based: 2015 • CEOs: Junyoung Kim, Soyeon Yoon
Key backers: Daol Funding, KB Funding, Reverent Companions, Samsung Enterprise Funding, Shinhan Capital, SoftBank Ventures Asia
Apartmentary goals to digitalize South Korea’s massive however fragmented residence renovation market. The Seoul-based startup developed a web site and app for end-to-end residence renovation companies. It claims nearly 60% of its prospects have been very glad with its companies, larger than the trade common.
ArchiREEF
Hong Kong
Class: Development & Engineering
Yr based: 2020 • CEO: Vriko Yu
Key backer: HKSTP
A by-product firm from the College of Hong Kong, ArchiREEF is on a mission to revive coral reefs destroyed by local weather change with 3D-printed terracotta tiles. The corporate works with the governments of Hong Kong and Abu Dhabi, and goals to exchange 4,000 coral fragments throughout the Atlantic, Pacific and Indian oceans by 2025.
Astro Applied sciences
COURTESY OF ASTRO TECHNOLOGIES
Indonesia
Class: E-commerce & Retail
Yr based: 2021 • CEO: Vincent Tjendra
Key backers: AC Ventures, Accel, Citius, World Founders Capital, Lightspeed Enterprise Companions, Sequoia India, Tiger World
Astro Applied sciences guarantees a 15-minute supply of groceries to 50 places within the larger Jakarta space. To make sure on-time supply, it operates a community of darkish shops—distribution facilities for on-line procuring—and claims to have 1,500 devoted drivers. The startup says it raised $91.6 million from three funding rounds.
Atom Semiconductor Applied sciences
Hong Kong
Class: Enterprise Know-how
Yr based: 2020 • CEO: George Yuan
Key backers: Alibaba Entrepreneurs Fund, Hong Kong College of Science and Know-how, Qiming Enterprise Companions
Based by George Yuan, a Hong Kong College of Science and Know-how electrical engineering professor who earned a Ph.D. from the College of Pennsylvania, Atom Semiconductor Applied sciences is one in every of Hong Kong’s few semiconductor corporations. It designs high-performance signal-chain chip options for the Web of Issues, with shopper, medical and industrial functions.
Avant Meats
Hong Kong
Class: Meals & Hospitality
Yr based: 2018 • CEO: Carrie Chan
Key backers: Artesian, China Enterprise Capital, CPT Capital, HKSTP, Lever VC, ParticleX
Utilizing cell-culture expertise, Avant Meats is rising fish filets and fish maw (air bladders), that are thought-about a delicacy in China. The startup has raised about $14 million in funding thus far, and is planning to launch a pilot plant in Singapore subsequent 12 months.
AwanTunai
Indonesia
Class: Finance
Yr based: 2016 • CEO: Dino Setiawan
Key backers: World Mind, IFC, Insignia Ventures Companions
AwanTunai supplies Indonesia’s bigger grocery shops in addition to mom-and-pop outlets with on-line financing and cost companies, serving to to digitalize an in any other case offline sector that primarily depends on money transactions. Its app additionally connects shops with suppliers and supplies stock and order administration companies.
Backpackr
South Korea
Class: E-commerce & Retail
Yr based: 2012 • CEO: Donghwan Kim
Key backers: Altos Ventures, IMM Funding
Backpackr operates a web based market for handmade items known as Idus, a Korean model of Etsy. Idus has garnered greater than 5 million downloads on the Google Play retailer and about 30,000 artisans are on the platform. In 2015, Backpackr acquired crowdfunding web site Tumblbug to develop a creator ecosystem.
Baraja
From left: Baraja cofounders Federico Collarte and Cibby Pulikkaseril.
COURTESY OF BARAJA
Australia
Class: Logistics & Transportation
Yr based: 2016 • CEO: Federico Collarte
Key backers: Blackbird Ventures, HESTA, Hitachi Development Equipment, InterValley Ventures, Primary Sequence, Perennial Companions, Regal Funds Administration, Sequoia China
Based mostly on lidar expertise—which makes use of lasers to detect objects—Baraja developed a product known as Spectrum-Scan that makes self-driving safer. The Sydney-based startup says Spectrum-Scan makes use of refractive optics to extend the decision and vary of object detection. Final 12 months, Baraja raised A$40 million ($28 million) in collection B funding led by Blackbird Ventures.
Bijak
India
Class: Agriculture
Yr based: 2019 • CEO: Nukul Upadhye
Key backers: Bertelsmann India, ON Mauritius, RTP World, Sequoia India
Bijak goals to digitalize India’s agricultural sector by way of its B2B commodity buying and selling platform. To simplify the method of discovering dependable commerce companions, its app helps on-line funds, and features a score system for customers to depart critiques. The startup says its 30,000 customers are unfold throughout 27 Indian states.
Bijnis
India
Class: E-commerce & Retail
Yr based: 2015 • CEO: Siddharth Vij
Key backers: InfoEdge, Matrix Companions India, Sequoia India, WaterBridge Ventures
Bijnis cuts out the intermediary and lets India’s producers promote instantly on-line, whereas additionally providing them credit score, cost and logistics companies. The startup says its app is utilized by greater than 5,000 factories producing attire and way of life merchandise. Its separate “purchaser app” serves greater than 100,000 retailers.
Bifrost
From left: Bifrost cofounders Aravind Kandiah and Charles Wong.
COURTESY OF BIFROST
Singapore
Class: Enterprise Know-how
Yr based: 2019 • CEO: Charles Wong
Key backers: Cap Vista, Champion Hill Ventures, Hustle Fund, Lux Capital, Sequoia India, Wavemaker Companions
Bifrost is addressing the most important hindrance to creating AI: accumulating and annotating huge quantities of knowledge. As a substitute of manually accumulating information, the startup builds digital worlds to create artificial datasets that practice AI fashions for functions in areas corresponding to gaming, the metaverse, mobility, robotics, house and protection.
Blue Wall Applied sciences
China
Class: Development & Engineering
Yr based: 2019 • CEO: Jeffrey Bai
Key backers: GGV Capital, Hearst Ventures, ZhenFund
Blue Wall Applied sciences’ cloud-based collaboration platform permits actual property corporations to handle initiatives all through the gross sales cycle, together with tenders, building, gross sales and leasing. Regardless of the Chinese language property downturn, Blue Wall Applied sciences in March bagged $7.4 million in a spherical led by the enterprise capital arm of U.S. media big Hearst Corp.
Bone’s Know-how
Hong Kong
Class: Biotechnology & Healthcare
Yr based: 2018 • CEO: Chi Ma
Key backers: HKSTP, Hong Kong Innovation and Know-how Fee, MiraclePlus, Sequoia China, Shukun Know-how
Bone’s Know-how develops surgical robots and laptop programs to make orthopedic surgical procedure safer and bone well being assessments extra correct. The startup says its expertise, developed by chief expertise officer Huan Qi, who earned a Ph.D. in biomedical engineering from Oxford College, can increase the accuracy of bone high quality testing from 60% to over 90%.
Cakap
Indonesia
Class: Training & Recruitment
Yr based: 2019 • CEO: Tomy Yunus Tjen
Key backers: Heritas Capital, Indonesia Influence Fund, KB Funding, Mandiri Capital Indonesia, MDI Ventures
Cakap helps Indonesian employees study different languages on-line. In accordance with its web site, the startup has related over 2.5 million college students learning English, Japanese, Korean and Chinese language with over 1,500 academics by way of textual content and video calls. Cakap has additionally begun to discover utilizing digital actuality and a metaverse platform for its companies.
Cooby
Taiwan
Class: Enterprise Know-how
Yr based: 2020 • CEO: Wen Shaw
Key backers: Pear VC, Sequoia India
Buyer relationship administration software program Cooby helps streamline B2C gross sales on WhatsApp. Its platform for the messaging app permits companies to investigate conversations with prospects, mixture contacts and share statistics about group efficiency. With a complete of $2.9 million in funding, the startup claims its customers span over 80 nations.
DataMesh
China
Class: Development & Engineering
Yr based: 2015 • CEO: Jie Li
Key backers: IDG Capital, Lenovo Capital, Susquehanna Asia
Utilizing prolonged actuality (XR) expertise, DataMesh allows real-life inspection of building initiatives earlier than completion. It has been deployed to simulate the development of the venue for the SAGA2024 Japan Video games and Nationwide Sports activities Pageant for Folks with Disabilities. DataMesh says it has about 200 shoppers.
Desty
Indonesia
Class: E-commerce & Retail
Yr based: 2020 • CEO: Mulyono Xu
Key backers: 5Y Capital, East Ventures, Fosun RZ Capital, January Capital, Jungle Ventures
Utilizing Desty’s service, retailers in Indonesia with no coding expertise are stated to have the ability to simply create on-line shops and social media touchdown pages. The startup additionally affords options to handle inventories and supply buyer metrics. Desty claims almost 1 million retailers use its companies.
DimOrder
Hong Kong
Class: Meals & Hospitality
Yr based: 2019 • CEO: Ben Wong
Key backers: Cyberport, Pareto Holdings, Y Combinator
DimOrder began out serving to eating places digitize their menus after which expanded to offering a one-stop platform that allows order and stock administration, cost processing, revenue analytics and advertising and marketing. Previously 12 months, greater than 1,000 eating places began utilizing its platform, it says, together with Singapore billionaire Zhang Yong’s Haidilao hotpot chain.
Forbes Asia
Doctornow
South Korea
Class: Biotechnology & Healthcare
Yr based: 2019 • CEO: Jiho Jang
Key backers: CRIT Ventures, Hashed, Saehan Enterprise Capital, SoftBank Ventures Asia
The telemedicine startup companions with hospitals and pharmacies to supply distant remedy and prescription-drug supply companies. Its app has reached greater than 1,000,000 downloads on the Google Play retailer, making it one of many prime medical apps in South Korea. The startup stated it raised $32 million in funding in June.
DP Know-how
China
Class: Biotechnology & Healthcare
Yr based: 2018 • CEO: Weijie Solar
Key backers: Baidu Ventures, Crystal Stream Capital, Hillhouse Capital, Matrix Companions China, Supply Code Capital, Qiming Enterprise Companions, Imaginative and prescient Plus Capital
DP Know-how seeks to scale back the excessive value related to drug discovery by way of AI. The corporate makes use of quantum mechanics to develop algorithms that simulate how disease-causing proteins may match. Its partnerships with biopharma corporations embody Wuxi Biortus Biosciences and Hong Kong-listed Hansoh Pharmaceutical.
EasyTransfer
Singapore
Class: Finance
Yr based: 2013 • CEO: Michael Shang
Key backers: IDG Capital, Taiyou Fund, ZhenFund
Based by former worldwide college students, the fintech startup helps course of tuition funds from abroad college students. EasyTransfer says it has serviced greater than 250,000 college students from over 30 nations since its founding. It has additionally developed an anti-money laundering platform, based mostly on machine studying, that improves compliance critiques and fraud threat identification.
Endowus
Singapore
Class: Finance
Yr based: 2017 • CEO: Gregory Van
Key backers: Lightspeed Enterprise Companions, Prosus Ventures, Singtel Innov8, SoftBank Ventures Asia, UBS
Digital wealth platform Endowus supplies funding advisory companies and permits customers to handle their non-public money financial savings in addition to contributions to Singapore’s Central Provident Fund. The startup is trying to increase to Hong Kong this 12 months.
EntryLevel
Australia
Class: Training & Recruitment
Yr based: 2020 • CEO: Ajay Prakash
Key backers: Blackbird Ventures, Potential Ventures, Startmate, TEN13
Training startup EntryLevel’s mission is to reskill 1 billion individuals by way of on-line cohort-based applications. To hitch a six-week class, customers pay a $99 bond, which is refunded after they graduate, or they will go for premium perks like additional content material. The startup says its course completion price is as much as 20 instances that of rivals, corresponding to Coursera or Common Meeting.
Etaily
Singapore
Class: E-commerce & Retail
Yr based: 2020 • CEO: Alexander Friedhoff
Key backers: Ayala Ventures, Foxmont Capital Companions, Gobi Companions, JG Digital Fairness Ventures
The O2O tech startup goals to digitalize retail in Southeast Asia by serving to shops embrace e-commerce. Its sensible companies for outlets embody tech help, operations, branding and information administration. Led by former executives of on-line style retailer Zalora, Etaily claims its income progress elevated eightfold in 2022.
Euler Motors
India
Class: Logistics & Transportation
Yr based: 2018 • CEO: Saurav Kumar
Key backers: ADB Ventures, Blume Ventures, Jetty Ventures
Euler Motors’ flagship product is an electrical three-wheeler known as HiLoad, which touts a driving vary of as much as 151km and could be charged inside quarter-hour. The startup additionally operates its personal charging community and an app that lets customers monitor their autos.
Fable Meals
Australia
Class: Meals & Hospitality
Yr based: 2019 • CEO: Michael Fox
Key backers: Blackbird Ventures, Grok Ventures
Cofounded by a vegetarian, a fine-dining chef and an natural mushroom farmer, Fable Meals affords a plant-based meat various comprised of shiitake mushrooms. The startup supplies ready-to-eat meal bins, corresponding to “beef” stroganoff and curry rice, and provides meals chains together with Australia’s Grill’d Wholesome Burgers.
Fano Labs
Fano Labs founder Miles Wen.
COURTESY OF FANO LABS
Hong Kong
Class: Enterprise Know-how
Yr based: 2014 • CEO: Miles Wen
Key backers: HKSTP, Horizons Ventures, Saltagen Ventures, College of Hong Kong
An AI startup spun off from the College of Hong Kong, Fano Labs focuses on speech recognition and pure language processing applied sciences. Its merchandise assist corporations with their customer support, compliance and gross sales. The startup says it counts over 40 finance and telecoms corporations and authorities our bodies as prospects.
Finhay
Vietnam
Class: Finance
Yr based: 2017 • CEO: Huy Nghiem
Key backers: Insignia Ventures Companions, Thien Viet Securities
By way of its micro-investment and wealth administration platform, Finhay goals to supply a one-stop store for buyers in Vietnam. The startup says its 2.7 million app customers can begin investing with as little as $2.20, bettering monetary inclusion. Finhay’s institutional companions embody Dragon Capital and Malaysian financial institution CIMB Group.
FRND
From left: FRND cofounders Hardik Bansal, Bhanu Pratap Singh Tanwar and Harshvardhan Chhangani.
Courtesy of FRND
India
Class: Client Know-how
Yr based: 2018 • CEO: Bhanu Pratap Singh Tanwar
Key backers: Elevation Capital, India Quotient, Krafton
Relationship app FRND helps customers join whereas taking part in on-line video games. To assist break the ice, the corporate’s matchmakers kickstart audio-based conversations, that are designed to be enjoyable—and secure—experiences. FRND says the app has been downloaded greater than 5 million instances, and has a score of 4.2 out of 5 on Google Play.
Gense Applied sciences
Hong Kong
Class: Biotechnology & Healthcare
Yr based: 2017 • CEO: Justin Chan
Key backers: Alibaba Entrepreneurs Fund, Hong Kong College of Science and Know-how, ParticleX
Gense Applied sciences goals to make medical checkups potential at residence. The startup developed a medical-imaging machine and accompanying app to establish ailments like lung most cancers and hepatitis at an early stage. The expertise may monitor power ailments affecting important organs.
G-hcare
China
Class: Biotechnology & Healthcare
Yr based: 2018 • CEO: James Chiu
Key backers: BAI Capital, CCV Capital, Unity Ventures
G-hcare works with Chinese language insurers together with China Life, China Taiping and Ping An to develop and promote tailor-made life and healthcare insurance coverage merchandise. It additionally supplies add-on companies corresponding to healthcare consulting and insurance coverage for abroad remedy, which its enterprise prospects can then market to their customers.
GoKwik
GoKwik cofounders.
COURTESY OF GOKWIK
India
Class: E-commerce & Retail
Yr based: 2020 • CEO: Chirag Taneja
Key backers: Matrix Companions India, RTP World, Sequoia India, Assume Investments
Launched throughout the pandemic, e-commerce startup GoKwik’s mission is to assist direct-to-consumer manufacturers and marketplaces enhance their gross sales. Its AI and machine studying software program assists on-line checkouts, mechanically correcting addresses and confirming orders. The startup claims it has been utilized by over 250 manufacturers, to assist create greater than $1 billion of gross merchandise worth.
GramHeet
COURTESY OF GRAMHEET
India
Class: Agriculture
Yr based: 2020 • CEO: Pankaj Prakash Mahalle
Key backers: Acumen, Indian Ministry of Agriculture & Farmers Welfare
GramHeet, a mix of two Marathi phrases that interprets into “prosperity of the village,” goals to assist India’s farmers retailer and revenue from their harvests. By way of its app, farmers can entry GramHeet’s storage companies, which the startup claims can enhance the shelf lifetime of grains by as much as 12 months, and instantly promote to patrons.
From left: Grand Rise Know-how cofounders Pauline Li and Tenny Lam.
COURTESY OF GRAND RISE TECHNOLOGY
Grand Rise Know-how
Hong Kong
Class: Biotechnology & Healthcare
Yr based: 2019 • CEO: Tenny Lam
Key backers: HKSTP, Hong Kong Polytechnic College
Utilizing proprietary nanotechnology, biotech startup Grand Rise Know-how makes well being and security merchandise derived from biodegradable supplies, together with crustacean shells and thyme. The startup’s InnoCoatex antimicrobial coating is utilized to textiles like masks and wipes. It additionally makes an edible coating that may shield meals from germs and prolong the shelf lifetime of fruits. As sanitizing turns into the norm within the wake of the pandemic, Grand Rise Know-how says its formulation is safer than that of economic disinfectants.
Grit Biotechnology
China
Class: Biotechnology & Healthcare
Yr based: 2016 • CEO: Yarong Liu
Key backers: Apricot Capital, Decheng Capital, Hillhouse Capital, Matrix Companions China, Sherpa Capital
Novel cell remedy firm Grit Biotechnology seeks to deal with most cancers and tumors by enhancing lymphocytes, a kind of immune system cell. The startup extracts after which cultivates a affected person’s disease-fighting lymphocytes earlier than re-injecting the modified cells. Grit Biotechnology says it entered medical trials in China in April, having raised a complete of $40 million.
Gusto Collective
Hong Kong
Class: Leisure & Media
Yr based: 2020 • CEO: Aaron Lau
Key backers: Animoca Manufacturers, Gaw Capital
Gusto Collective is taking advertising and marketing to the subsequent degree, serving to manufacturers interact prospects by way of metaverse expertise, together with digital and augmented actuality. In February, the startup partnered with public sale home Phillips to launch an NFT. Gusto Collective says it has about 90 shoppers, together with Sino Group and The Peninsula Lodges.
Halter
New Zealand
Class: Agriculture
Yr based: 2016 • CEO: Craig Piggott
Key backers: Blackbird Ventures, DCVC, Icehouse Ventures, Promus Ventures
Halter developed solar-powered, GPS-enabled digital collars for cows. The collars use noise and vibration to direct cows with out the necessity for farmhands, canines or fences, permitting farmers to handle and monitor their herds remotely by way of Halter’s accompanying app. The startup says the app can save as much as 20 hours of labor every week.
HiCura Medical
Singapore
Class: Biotechnology & Healthcare
Yr based: 2019 • CEO: Cailin Ng
Key backers: Enterprise Singapore, Nationwide College of Singapore
Utilizing ultrasound imaging and AI, HiCura Medical developed a tool to assist anesthetists administer an epidural extra precisely to girls in labor. The startup claims its expertise improves the success price for preliminary needle insertion.
HoloMatic
China
Class: Logistics & Transportation
Yr based: 2017 • CEO: Kai Ni
Key backers: BAI Capital, GAC Capital, IDG Capital, Sequoia China
Self-driving startup HoloMatic develops autonomous parking and autopiloting programs. Its HoloParking software program could be enabled remotely from a person’s smartphone and information automobiles into most popular parking spots. A strategic investor of the startup, China’s Guangzhou Vehicle Group will use HoloMatic autonomous driving software program in automotive fashions slated for market debut later this 12 months.
Homage founder and CEO Gillian Tee.
COURTESY OF HOMAGE
Homage
Singapore
Class: Biotechnology & Healthcare
Yr based: 2016 • CEO: Gillian Tee
Key backers: East Ventures, Golden Gate Ventures, HealthXCapital, Temasek
Impressed by the founder’s experiences of struggling to search out caregivers for her unwell mom, Homage goals to assist prospects rapidly acquire customized medical help for his or her family members. The startup’s healthcare companies platform caters to adults and the aged, connecting households with licensed caregivers, nurses, therapists and physicians. It claims its community of over 10,000 care professionals has rendered over 1 million hours of companies, together with physician consultations, in-home residing help, rehabilitation and specialised remedy for situations like Parkinson’s illness and dementia. Already out there in Malaysia and Australia, Homage plans to increase within the area with its $30 million funding spherical in September.
I2Cool
Courtesy of I2Cool
Hong Kong
Class: Development & Engineering
Yr based: 2021 • CEO: Martin Zhu
Key backers: China Prosperity Capital, Metropolis College of Hong Kong, HKSTP
I2Cool, a spin-off firm from Metropolis College of Hong Kong, invented an exterior paint to chill down scorching buildings. The startup’s iPaint displays daylight and dissipates thermal radiation to decrease indoor temperatures with out consuming vitality.
I-Kingtec
China
Class: Enterprise Know-how
Yr based: 2017 • CEO: Fangping Chen
Key backers: BlueRun Ventures, Hongtai Capital, Suzhou Industrial Park
IoT startup i-Kingtec develops industrial drones and associated analytics software program. The startup claims its Orca and Tiger Den drones are absolutely autonomous, with batteries that cost on return to a transportable management platform. The drones’ makes use of embody constructing inspections and emergency rescues.
Igloocompany
COURTESY OF IGLOOCOMPANY
Singapore
Class: Enterprise Know-how
Yr based: 2015 • CEO: Anthony Chow
Key backers: EDBI, Insignia Ventures Companions, Kickstart Ventures, Wavemaker Companions
Igloocompany’s imaginative and prescient to “create a world with out keys” underlies its sensible entry administration merchandise. Moreover its sensible locks for properties, the corporate helps companies monitor, management and handle entry to properties and services like information facilities. The startup says it remotely serves over 400 enterprise prospects and has issued 5 million digital credentials, because the pandemic spurred demand for contactless entry.
Mind
Singapore
Class: Biotechnology & Healthcare
Yr based: 2019 • CEO: Theodoric Chew
Key backers: East Ventures, Headline, HOF Capital, Insignia Ventures Companions, MS&AD Ventures, Y Combinator
Mind supplies a variety of psychological well being companies to workforces throughout Asia by way of its app. Workers can converse with behavioral well being coaches and subscribe to self-guided applications. The startup, which has raised $13 million in funding, says it has related 3 million individuals to psychological well being professionals throughout 20 nations.
Inteluck
Inteluck CEO Kevin Zhang.
ADAM DEAN FOR FORBES ASIA
Philippines
Class: E-commerce & Retail
Yr based: 2014 • CEO: Kevin Zhang
Key backers: Creo Capital, East Ventures
The tech-driven logistics startup initially helped logistics corporations monitor their automobile fleets. Right now, its Philippine prospects can ebook supply vehicles on demand from third-party logistics suppliers registered on Inteluck’s digital platform. Shoppers embody Coca-Cola, Nestle and billionaire Lucio Tan’s Asia Brewery. The corporate goals to increase into Vietnam and Indonesia subsequent 12 months.
Jiwa Group
Indonesia
Class: Meals & Hospitality
Yr based: 2018 • CEO: Billy Kurniawan
Key backers: Capsquare Asia, Openspace Ventures
From a single espresso store in 2018, Jiwa Group now manages three meals and beverage chains, comprising over 1,000 retailers in additional than 100 Indonesian cities. The corporate attributes its progress to collaborations with different manufacturers, together with these for cosmetics and attire.
Kargo Applied sciences
Indonesia
Class: Logistics & Transportation
Yr based: 2018 • CEO: Tiger Fang
Key backers: AC Ventures, AirAsia Group, Intudo Ventures, Sequoia India, Tenaya Capital
The Indonesia-based “Uber for vehicles” startup Kargo Applied sciences is making an attempt to convey down logistics prices by eradicating middlemen and decreasing empty journeys. The startup says it has 75,000 vehicles and 30,000 shippers on its platform, serving small and midsized companies and greater shoppers like Coca-Cola, Danone and Ula.
Kmong
South Korea
Class: E-commerce & Retail
Yr based: 2012 • CEO: Hyeonho Park
Key backers: Altos Ventures, Firm Okay Companions, IMM Funding, InterVest, Mirae Asset Enterprise Funding
Kmong is the most important on-line freelance market in South Korea as measured by customers, with over 1 million downloads on the Google Play retailer. In 2019, it launched an enterprise model of its platform that connects expert freelancers with employers. The Seoul-based startup raised $28 million in collection C funding in Could final 12 months.
Lifelab
South Korea
Class: E-commerce & Retail
Yr based: 2016 • CEO: Hyunjoo Yeon
Key backers: Altos Ventures, Daol Funding, Kakao Ventures
Lifelab operates Cleansing Lab, probably the most common house-cleaning apps in South Korea. The app, which connects cleaners with residents, has greater than 1 million downloads within the Google Play retailer. The Seongnam-based startup is led by Hyunjoo Yeon, the previous head of Kakao’s O2O residence companies enterprise.
Leapstack
China
Class: Finance
Yr based: 2016 • CEO: Jason Liu
Key backers: 360 DigiTech, Danhua Capital, Fomou Belongings, FinVolution Group, Gaorong Capital, Puhua Capital, Legend Capital, Lingfeng Capital, UpHonest Capital
Leapstack helps insurers in China management dangers, utilizing AI and massive data-driven algorithms to calculate funds and detect potential abnormalities, corresponding to extreme charges and fraudulent claims. Constructing on its complete of $50 million in funding, the startup plans to increase outdoors mainland China—it’s already established workplaces in Vietnam and Hong Kong.
Luup
COURTESY OF LUUP
Japan
Class: Logistics & Transportation
Yr based: 2018 • CEO: Daiki Okai
Key backers: ANRI, ENEOS Innovation Companions, East Ventures, FamilyMart, Obayashi Company, Mercuria Funding, Mori Belief, Spiral Capital, SMBC Enterprise Capital, Sankei Constructing
Mobility startup Luup affords a sharing service for electrical bikes and scooters. The startup says its 5,000 autos can be found within the Japanese cities of Tokyo, Osaka, Kyoto, Sendai and Yokohama. Going ahead, Luup plans to introduce rental choices with three and 4 wheels, which will probably be extra accessible to the aged and other people with disabilities.
MagAssist founder and CEO Polin Hsu.
COURTESY OF MAGASSIST
MagAssist
China
Class: Biotechnology & Healthcare
Yr based: 2017 • CEO: Polin Hsu
Key Backers: CDH Investments, Cenova Ventures, Guoqian Medical, Huatai Zijin Funding, Med-Superb Capital, Northern Gentle Enterprise Capital, Sequoia China, SND Ventures, TigerYeah Capital
Medtech startup MagAssist’s ventricular help machine features as a coronary heart outdoors the human physique, to supply life help to sufferers with important coronary heart failure. Known as MoyoAssist, it makes use of magnetic levitation expertise and computational fashions to make sure blood move and forestall blood clots. In June, a hospital in China’s Shanxi Province used the machine to efficiently deal with a affected person in cardiac shock. A hospital in Wuhan in 2021 used it to supply life help to a affected person ready for coronary heart surgical procedure.
Magnum Analysis
Hong Kong
Class: Finance
Yr based: 2016 • CEO: Kelvin Lei
Key backers: Alibaba Entrepreneurs Fund, Cyberport, Lenovo Capital, Zheng He
The startup’s AI-powered app, known as Aqumon, supplies automated monetary companies to retail and institutional buyers. Magnum Analysis says its software program leverages 100 terabytes of knowledge from over 100,000 monetary devices. In October 2020, the fintech startup raised $30 million in a funding spherical.
Manatal
Thailand
Class: Training & Recruitment
Yr based: 2019 • CEO: Jeremy Fichet
Key backer: Sequoia India
Manatal’s AI-powered software program helps HR professionals sift by way of the web profiles of job seekers and establish candidates who greatest match the position. The cloud-based recruitment software program developer additionally helps corporations distribute job openings on platforms corresponding to Careerjet, JobStreet and LinkedIn. The startup claims it has $5.1 million in funding.
Medici Vietnam
Vietnam
Class: Biotechnology & Healthcare
Yr based: 2017 • CEO: Ngo Duc Anh
Key backers: Insignia Ventures Companions, Jungle Ventures, Wavemaker Companions
Combining medical companies and insurance coverage, Medici Vietnam goals to make high-quality healthcare “accessible, out there and inexpensive for each Vietnamese.” The startup says its digital ecosystem encompasses docs, hospitals and pharmaceutical corporations in over 63 provinces and cities. To date, its platform has added over 10,000 e-health profiles.
Meridian Innovation
Singapore
Class: Enterprise Know-how
Yr based: 2016 • CEO: Hock Leow
Key backers: Artistic Know-how, Excelpoint, Seeds Capital
With its patented thermal imaging applied sciences, Meridian Innovation developed a line of low-cost thermal sensors. Its merchandise are utilized in healthcare, transportation and sensible residence markets.
Merkle Science
Singapore
Class: Enterprise Know-how
Yr based: 2018 • CEO: Mriganka Pattnaik
Key backers: Darrow Holdings, Fenbushi Capital, Uncorrelated Ventures
Merkle Science develops compliance and threat monitoring software program for the crypto trade. Its merchandise can analyze transactions, flag dangers and detect potential fraud.
Mobidoo
South Korea
Class: E-commerce & Retail
Yr based: 2013 • CEO: David Lee
Key backers: Capstone Companions, FuturePlay, Lotte Ventures, Samsung Subsequent, SparkLabs
Mobidoo is a one-stop stay procuring platform. It operates an app known as SauceLive, which permits corporations to promote their merchandise by way of procuring livestreams. Mobidoo additionally supplies software program that analyzes buyer conduct, together with viewing time and buy conversion, and livestream-support companies, corresponding to content material planning and casting.
Momos
Singapore
Class: Meals & Hospitality
Yr based: 2020 • CEO: Sai Alluri
Key backers: Alpha Wave, HOF Capital, K3 Ventures, Sequoia India
Appearing as a “mission management” for restaurateurs, Momos’ software program helps eating places digitalize their companies. Launched in 2020, throughout the peak of the pandemic, the software-as-a-service startup now has 60 workers in 4 nations and says hundreds of eating places use its time-management instruments and customer-response options, amongst others.
N.Code
N.Code CEO Jun Jung.
COURTESY OF N.CODE
South Korea
Class: E-commerce & Retail
Yr based: 2015 • CEO: Jun Jung
Key backers: Coolidge Nook Funding, MashUp Angels, Shinhan Enterprise Funding
N.Code is making an attempt to resolve one of many luxurious style trade’s largest issues: unsold stock. Its platform, known as D.Code, permits customers to pre-order luxurious objects in order that manufacturers can higher forecast demand, thereby decreasing undesirable objects.
Novelship
Singapore
Class: E-commerce & Retail
Yr based: 2018 • CEO: Richard Xia
Key backers: East Ventures, GSR Ventures, K3 Ventures
Novelship operates a web based market for limited-edition sneakers, streetwear and different collectibles corresponding to electronics and collectible figurines. The startup claims to have a person base of half 1,000,000 throughout the Asia-Pacific, together with Singapore, Australia, Indonesia and Malaysia.
NewBanker
China
Class: Finance
Yr based: 2019 • CEO: Qinghao Li
Key backers: GGV Capital, Hearst Ventures, ZhenFund
NewBanker faucets into China’s rising demand for wealth administration merchandise. It develops on-line advertising and marketing and consulting software program for monetary establishments corresponding to banks, public funds and securities corporations. In accordance with its web site, the startup works with dozens of prime funds in China together with China Retailers Fund Administration, Harvest Fund Administration and Yinhua Fund Administration.
OneDegree
Hong Kong
Class: Finance
Yr based: 2016 • CEO: Alvin Kwock
Key backers: Alibaba Entrepreneurs Fund, BitRock Capital, Cathay Enterprise, Cyberport, Solar Hung Kai & Co.
The insurtech startup’s first product was Pawfect Care, providing pet house owners insurance coverage for his or her cats or canines. Since then, OneDegree, which is one in every of 4 digital insurers in Hong Kong, has expanded into residence and fireplace insurance coverage, in addition to digital asset insurance coverage. The startup raised $28 million in an August 2021 funding spherical.
Opharmic Know-how
Hong Kong
Class: Biotechnology & Healthcare
Yr based: 2016 • CEO: Langston Suen
Key backers: HKSTP, Hong Kong College of Science and Know-how, Pentepebble, Sino Group
Based by Langston Suen, a Ph.D. graduate of Hong Kong College of Science and Know-how, Opharmic Know-how is changing needle injections for remedy of retinal illness with ultrasound expertise. The corporate invented drug supply expertise that makes use of ultrasound to hurry up the absorption of medication administered to the sclera (or white half) of the attention.
Park+
India
Class: Logistics & Transportation
Yr based: 2019 • CEO: Amit Lakhotia
Key backers: Epiq Capital, Matrix Companions India, Sequoia India
Park+ began as a platform that helped customers discover close by parking areas. It has since expanded into a number of auto-related companies corresponding to automotive washing, insurance coverage and toll cost. It additionally supplies company shoppers with real-time parking information, permitting them to handle parking areas.
Partly
New Zealand
Class: Enterprise Know-how
Yr based: 2020 • CEO: Levi Fawcett
Key backers: Blackbird Ventures, Hillfarrance Enterprise Capital, I2BF World Ventures, Icehouse Ventures
Partly helps companies all through the auto components provide chain to prepare their information on-line. Its software program options embody PartsPal, a listing administration instrument that may handle compatibility information and connect with e-commerce platforms. With a complete of $3.8 million in funding, the startup says its companies attain 20 markets worldwide.
Payhere
Payhere CEO Jungi Park.
COURTESY OF PAYHERE
South Korea
Class: Finance
Yr based: 2019 • CEO: Jungi Park
Key backers: Hashed, Kimgisa Lab, Mirae Asset Capital, Postech Holdings, SoftBank Ventures Asia
Payhere operates cloud-based software program and an app that makes use of a buyer’s smartphone digital camera to transact funds with out costly point-of-sale terminals. Greater than 20,000 brick-and-mortar shops in South Korea use Payhere, in accordance with the startup’s web site. In March, it raised about $9 million in collection A funding.
PeopleFund
PeopleFund CEO Joey Kim.
Courtesy of PEOPLEFUND
South Korea
Class: Finance
Yr based: 2015 • CEO: Joey Kim
Key backers: 500 World, Bain Capital, CLSA Capital Companions, D3 Jubilee Companions, Goldman Sachs, Kakao Pay
The fintech startup operates a peer-to-peer lending platform targeted on South Korean subprime debtors, whose family debt ranks among the many world’s highest. PeopleFund says it has a low delinquency price, due to its AI-powered credit-scoring system. The startup has raised about $80 million in funding, together with a $63 million collection C spherical in December.
Plask
South Korea
Class: Leisure & Media
Yr based: 2020 • CEO: Junho Lee
Key backers: Bigbang Angels, KT Funding, Naver, Smilegate Funding, SpringCamp, Timewise funding
Plask’s AI-powered instrument allows even novices to create animations for video games and video content material utilizing only a webcam. The startup’s software program turns an individual’s motion captured by way of a webcam into movement information and automates a lot of the animation work.
Pocket FM
India
Class: Leisure & Media
Yr based: 2018 • CEO: Rohan Nayak
Key backers: Goodwater Capital, Lightspeed Enterprise Companions, Naver, Tanglin Enterprise Companions
Audio streaming startup Pocket FM goals to construct a completely customized, seamless platform for audiobook and podcast content material. The startup claims its app options greater than 100,000 hours of content material in eight Indian languages, drawing over 15 million month-to-month lively customers who tune in a median of 100 minutes a day.
Level Match Know-how
Courtesy of Level Match Know-how
Hong Kong
Class: Biotechnology & Healthcare
Yr based: 2020 • CEO: Kenny Oktavius
Key backers: HKSTP, Hong Kong College of Science and Know-how
Level Match Know-how developed a pores and skin patch that goals to exchange invasive blood assessments. The patch analyzes chemical substances in sweat to observe well being, corresponding to lactic acid for athletes and glucose ranges for aged individuals. The startup’s expertise in July gained the highest prize at a enterprise proposal contest sponsored by Japanese sporting items firm Asics.
Qapita
Singapore
Class: Finance
Yr based: 2019 • CEO: Ravi Ravulaparthi
Key backers: Alto Companions, East Ventures, Endiya Companions, K3 Ventures, MassMutual Ventures, NYCA Companions, Vulcan Capital
Qapita automates fairness possession administration for corporations by way of its capitalization desk and worker inventory possession plans (ESOP) administration software program. The startup says greater than 700 prospects and 22,000 stakeholders throughout Singapore, India and Indonesia use its software program. Qapita has raised greater than $32 million in funding.
Quad Miners
South Korea
Class: Enterprise Know-how
Yr based: 2017 • CEO: Ven Park
Key backers: Bigbang Angels, Korea Credit score Assure Fund, L&S Enterprise Capital, NAU IB Capital, Companions Funding
The cybersecurity firm’s software program merchandise can detect safety threats, corresponding to inside leakage, and analyze irregular community conduct. Quad Miners chief expertise officer Felix Kim was beforehand a safety marketing consultant at Cisco and a safety engineer at Symantec (now often known as NortonLifeLock). The startup raised about $6.5 million in collection A funding in June.
Remo Tech
China
Class: Client Know-how
Yr based: 2016 • CEO: Bo Liu
Key backers: Bohai Industrial Funding Fund Administration, Forebright Capital, Sequoia China
Remo Tech’s cameras use AI-powered chips to trace motion in entrance of the lens, from gesture controls to bop strikes. The corporate claims it has secured over 100 patents. Finest recognized for its Obsbot line of sensible webcams and cellphone mounts, the corporate sells the cameras primarily in Europe, Japan and the U.S.
Safe Code Warrior
Australia
Class: Enterprise Know-how
Yr based: 2015 • CEO: Pieter Danhieux
Key backers: AirTree Ventures, Goldman Sachs, Paladin Capital Group
Cybersecurity startup Safe Code Warrior supplies coaching, consulting and evaluation companies to builders in order that they will write safe code. The corporate says it has labored with greater than 400 organizations worldwide. Its shoppers embody Atlassian, DBS and Zoom.
Sehat Kahani
Pakistan
Class: Biotechnology & Healthcare
Yr based: 2019 • CEO: Sara Saeed Khurram
Key backers: 10Pearls Ventures, Elahi Group, Influence Funding Alternate, Islamic Growth Financial institution
Based by two medical docs, Sehat Kahani’s platform supplies telemedicine companies by connecting sufferers in distant areas with docs. In accordance with the startup, greater than half of Pakistan’s 220 million inhabitants lack entry to high quality healthcare. Sehat Kahani says its platform has facilitated 1.2 million medical consultations to this point with 800 medical consultants.
Courtesy of Seoul Robotics
Seoul Robotics
South Korea
Class: Logistics & Transportation
Yr based: 2017 • CEO: Hanbin Lee
Key backers: KB Funding, Korea Growth Financial institution
Aiming to turn out to be the Microsoft of lidar, Seoul Robotics is increasing the usage of the laser-based expertise past autonomous driving. Its software program, known as Sensr, makes use of AI to investigate lidar information to detect, classify and monitor objects and other people for industrial operations, sensible metropolis infrastructure, safety and retail, amongst different functions. Seoul Robotics says Sensr is at the moment used to observe pedestrian security and detect obstacles on roads. Its shoppers embody German carmakers BMW—which is utilizing the software program to automate fleet logistics at a producing plant—and Mercedes-Benz. The startup additionally partnered with Nasdaq-listed Velodyne Lidar, backed by Amazon, to develop workplace monitoring tech for Qualcomm.
Shanghai DeepSight Info Know-how
China
Class: Enterprise Know-how
Yr based: 2017 • CEO: Michael Li
Key backers: CCV Capital, Chenhui Enterprise Companions, Shunwei Capital, SND Monetary Holdings, Zizhu Nationwide Excessive-Tech Industrial Growth Park
Led by former Intel laptop imaginative and prescient scientist Michael Li, DeepSight faucets into the rising want for quicker and automatic high quality inspection at Chinese language factories. The startup’s AI software program identifies probably faulty objects, alerting producers to issues corresponding to scratches and dust spots on metals, tires and small digital components.
Shikho
Bangladesh
Class: Training & Recruitment
Yr based: 2019 • CEO: Shahir Chowdhury
Key backers: DSG Client Companions, Study Capital, Wavemaker Companions
Cofounded by a graduate of Harvard’s Training Faculty, Shikho is a tutoring platform that prepares college students for Bangladesh’s highschool exams by way of stay lectures, on-line mock assessments, notes and animations. The startup estimates it has 500,000 each day customers.
Spaceship
From left: Spaceship cofounders Wun Chi Lam and Stanley Wong.
COURTESY OF SPACESHIP
Hong Kong
Class: Logistics & Transportation
Yr based: 2019 • CEO: Wun Chi Lam
Key backers: 500 World, HKSTP, Paragon Funding, ParticleX, SparkLabs Taipei
Spaceship’s logistics and supply-chain administration system covers first-mile logistics, cross-border delivery, success companies and last-mile supply. The startup, which expanded into Taiwan in March, says it has processed greater than 2.5 million merchandise shipments to this point. Spaceship has raised greater than $6 million in funding thus far, together with a funding spherical in Could.
TartanSense
India
Class: Agriculture
Yr based: 2015 • CEO: Jaisimha Rao
Key backers: Beenext, Blume Ventures, FMC Ventures, Omnivore
Armed with {an electrical} and laptop engineering diploma from Carnegie Mellon College, Jaisimha Rao is utilizing AI and robotic applied sciences to make farmers’ lives simpler. His agtech startup says it has developed a precision-spraying system that may cut back water and chemical utilization by as much as 70%. One other AI-powered product is claimed to assist farmers take away weeds with out utilizing chemical substances.
Telexistence
Courtesy of Telexistence
Japan
Class: Development & Engineering
Yr based: 2017 • CEO: Jin Tomioka
Key backers: Airbus Ventures, KDDI Open Innovation Fund, Monoful, Softbank Group, College of Tokyo
AI and robotics startup Telexistence developed TX Scara, a robotic arm that mechanically replenishes empty retailer cabinets. The machine could be managed remotely by employees outfitted with VR helmets. Japanese comfort retailer chain FamilyMart makes use of TX Scara gadgets to restock canned drinks, in accordance with the startup.
The Parentinc
The Parentinc founder and CEO Roshni Mahtani Cheung.
COURTESY OF THE PARENTINC
Singapore
Class: E-commerce & Retail
Yr based: 2009 • CEO: Roshni Mahtani Cheung
Key backers: Central Retail Company, East Ventures, Fosun Worldwide, WHG Holdings
The Parentinc is greatest recognized for its neighborhood platform, theAsianparent, that gives content material associated to parenting and being pregnant in 11 languages throughout 12 nations, it says. The corporate additionally sells halal nursing and baby-care merchandise, corresponding to therapeutic massage oil and stretch mark cream underneath the Mama’s Selection model.
Thriday
Australia
Class: Finance
Yr based: 2021 • CEO: Michael Nuciforo
Key backer: AfterWork Ventures
Thriday, previously often known as Thrive, is an accounting app that manages funds for small companies. It automates bookkeeping by scanning receipts and estimating taxes, amongst different features. CEO Michael Nuciforo was beforehand the top of cell at Lloyds Banking Group and senior cell banking supervisor at ANZ.
Toss Lab
Toss Lab cofounders.
COURTESY OF TOSS LAB
South Korea
Class: Enterprise Know-how
Yr based: 2014 • CEO: Matt Kim
Key backers: Atinum Funding, Should Asset Administration, Qualcomm Ventures, SBI Funding Korea, Shinhan Capital, SoftBank Ventures Asia, SparkLabs, TInvestment
Aiming to turn out to be the Slack of Asia, Toss Lab’s workplace-collaboration instrument, Jandi, is out there in Korean, Chinese language, Japanese and Vietnamese, in addition to English. The startup says its prospects embody Lotte Division Retailer, Korean furnishings maker Hanssem and LG CNS, LG Group’s IT companies unit. Toss Lab raised $13 million in collection B funding in 2020.
Ubie
Ubie cofounders Kota Kubo and Yoshinori Abe.
COURTESY OF UBIE
Japan
Class: Biotechnology & Healthcare
Yr based: 2017 • CEOs: Yoshinori Abe, Kota Kubo
Key backers: D4V, K4 Ventures, SBI Funding, Suzuken
Ubie’s AI-powered diagnostic app helps customers establish their medical situations, from diabetes to congestive coronary heart failure, based mostly on signs stuffed out in a questionnaire. The startup says it’s attracted 5 million month-to-month customers in Japan. It seeks contemporary progress within the U.S., the place it formally launched its companies in April.
Una Manufacturers
Singapore
Class: E-commerce & Retail
Yr based: 2020 • CEO: Kiren Tanna
Key backers: 468 Capital, 500 World, Alpha JWC Ventures, Claret Capital Companions, World Founders Capital, Kingsway Capital, White Star Capital
The e-commerce aggregator acquires native manufacturers with the goal of rising them into regional gamers utilizing its progress capital and retail experience. Up to now, it has purchased greater than 20 corporations, together with Singaporean ergonomic furnishings manufacturers ErgoTune and EverDesk+. In March, Una Manufacturers introduced a partnership with KlickBrands to increase its presence in South Korea.
Upmesh
Upmesh cofounders.
COURTESY OF UPMESH
Singapore
Class: E-commerce & Retail
Yr based: 2019 • CEO: Wong Zi Yang
Key backers: Beenext, Monk’s Hill Ventures
Upmesh goals to reinvent procuring by merging retail and leisure. Its platform helps retailers promote merchandise by way of livestreams on Fb and Instagram Stay, managing orders in real-time. On-line sellers can ship checkout hyperlinks to viewers who remark throughout livestreams and think about analytics about bestselling objects or person conduct.
Verihubs
Indonesia
Class: Enterprise Know-how
Yr based: 2019 • CEO: Rick Firnando
Key backers: Insignia Ventures Companions, Quantity Capital, Y Combinator
Verification platform Verihubs makes use of AI-based authentication expertise to stop monetary fraud. Counting shoppers corresponding to one in every of Indonesia’s largest banks, Financial institution Central Asia, and e-commerce agency Bukalapak, the startup says it authenticated over 36 million customers previously 12 months, with its income rising by 50 instances over that interval.
Vesta
China
Class: E-commerce & Retail
Yr based: 2020 • CEO: Gu Zhenyu
Key backers: K2VC, Sequoia China, Tiantu Capital
Vesta makes mattress linen with eco-friendly supplies corresponding to silk, bamboo fiber and recycled PET plastic. These supplies permit the corporate to design blankets and pillows that it claims assist regulate physique temperature by bettering airflow and directing warmth away from the physique. The startup says it makes most of its cash by way of gross sales outdoors of China, with prospects in Australia, Canada, Singapore and the U.S.
VFlowTech
Courtesy of VFlowTech
Singapore
Class: Development & Engineering
Yr based: 2018 • CEO: Avishek Kumar
Key backers: Enterprise Singapore, Sing Fuels, Wavemaker Companions
Because the world turns to renewable vitality, VFlowTech goals to develop the most affordable and most scalable vanadium redox move (V-flow) batteries. The startup says its energy-storage system has an anticipated lifespan of 25 years with low value of possession, thereby avoiding the potential pitfalls of large-scale functions of lithium-ion batteries.
ViAct
Hong Kong
Class: Development & Engineering
Yr based: 2016 • CEO: Gary Ng
Key backers: Alibaba Entrepreneurs Fund, Artesian, ParticleX, SOSV, Vectr Ventures
ViAct’s AI-powered software program helps establish harmful conduct and environmental dangers at building websites by way of video cameras. Utilizing mild and sound to alert building employees, ViAct says its software program can cut back as much as 95% of on-site accidents. It may possibly additionally monitor building progress and carbon emissions.
Vow
Australia
Class: Meals & Hospitality
Yr based: 2019 • CEO: George Peppou
Key backers: Blackbird Ventures, Grok Ventures, Sq. Peg Capital, Toyota Ventures
The foodtech startup produces lab-grown meat from animal cells, together with conventional meats like hen and beef and extra unique fare like lions and tigers. Vow constructed its first cultivated meat manufacturing facility in Sydney in July and is making ready to launch a quail product in Singapore later this 12 months. Vow has raised about $14 million in funding.
WAD
South Korea
Class: Meals & Hospitality
Yr based: 2017 • CEO: Yong Tae-soon
Key backers: Altos Ventures, DSC Funding, InterVest
WAD operates a real-time restaurant reservation platform known as CatchTable. In accordance with the startup, the platform hosts about 3,000 eating places all through South Korea. Customers may write and skim restaurant critiques. In April, WAD raised 30 billion gained (about $25 million) in collection C funding.
Workmate
Courtesy of Workmate
Singapore
Class: Training & Recruitment
Yr based: 2016 • CEO: Mathew Ward
Key backers: Atlas Ventures, Gobi Companions, Wavemaker Companions
Previously often known as Helpster, Workmate connects gig employees with corporations in sectors starting from hospitality to logistics. The startup has workplaces in Bangkok, Jakarta and Singapore.
Forbes Asia
RELATED ARTICLES