More start-ups in Asean reach unicorn status with lift from robust private equity funding, rising middle class: Report

October 21, 2021 6:27 PM

SINGAPORE – More start-ups in South-east Asia have attained unicorn status – valuations of US$1 billion (S$1.34 billion) or more – in the past couple of years, driven by factors such as robust funding from the private equity markets and rising middle class.

Source : http://www.straitstimes.com/business/economy/more-start-ups-in-asean-reach-unicorn-status-with-lift-from-robust-private-equity