Forbes Asia 100 To Watch


Asia-Pacific’s small firms and startups on the rise.

From underwater drones to satellite tv for pc propulsion methods and all the things in between, the inaugural Forbes Asia 100 to Watch listing spotlights notable small firms and startups on the rise throughout the Asia-Pacific area. At a time when economies worldwide are struggling from the pandemic, these agile firms are on a development path. Their inclusion within the listing is available in half from addressing issues similar to enhancing transportation in congested cities, increasing reasonably priced connectivity in distant areas and stopping meals waste. Seventeen nations and territories are represented. Top classes embody biotechnology & healthcare, e-commerce & retail, meals & hospitality and schooling & recruitment. The energetic startup communities in India and Singapore produced 22 and 19 firms, respectively. Hong Kong has 10 and Indonesia eight. Mainland China has simply 4, as many candidates have been above the required maximums for revenues or funding.

Edited by Jeanhee Kim with John Kang

Reporting by Jonathan Burgos, Rina Caballar, Ramakrishnan Narayanan, Danielle Keeton-Olsen, Amit Prakash, James Simms, Yue Wang and Ardian Wibisono.


METHODOLOGY: To choose our 100 to Watch, Forbes Asia solicited on-line submissions, and invited accelerators, incubators, SME advocacy organizations, universities, enterprise capitalists and others to appoint firms as nicely. The ultimate 100 was chosen from over 900 submissions. To qualify for consideration, firms needed to be headquartered within the Asia-Pacific area, be a minimum of one 12 months previous, privately owned, for revenue, and have not more than $20 million in its newest annual income or whole funding by means of Aug. 1. Our group evaluated every submission, taking a look at metrics similar to a constructive influence on the area or trade, a monitor file of robust income development or potential 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 a listing in mild of any new data that might disqualify them from inclusion.

Ackcio


Singapore

Category: Construction & Engineering

Year based: 2016 • CEO: Nimantha Baranasuriya

Key backers: Foundamental, Seeds Capital, Wavemaker

Ackcio produces automated geotechnical distant sensors that confirm floor stability at development websites. Its backers embody Wavemaker.

Agrist


Japan

Category: Agriculture

Year based: 2019 • CEO: Jyunichi Saito

Key backers: Eneos Innovation Partners, Jafco

Answering a vital farmer scarcity in Japan, Agrist has utilized for Japanese and worldwide patents for its AI-driven robotic harvester. It says it expenses $15,000 for a three-year lease plus 10% of a harvest’s earnings, and has raised over $four.5 million in capital.

Alesca Life Technologies


China

Category: Agriculture

Year based: 2013 • CEO: Stuart Oda

Investment banker-turned entrepreneur Stuart Oda’s Alesca works with clients worldwide to construct indoor farms. The firm says its base of turnkey farm tools grew by 200% in 2019 and one other 750% in 2020. It benefited from rising demand for native produce after Covid-19 disrupted meals provides and made customers extra well being acutely aware.

Algal Bio


Japan

Category: Biotechnology & Healthcare

Year based: 2018 • CEO: Amane Kimura

Key backer: University of Tokyo

Based on twenty years of University of Tokyo analysis, Algal Bio says it cultivated three,000 distinctive algae strains to be used in biofuels, cosmetics, medicines and dietary supplements. The firm says it has raised $four.1 million in whole funding, together with from the college’s Edge Capital Partners, and expects to double gross sales this 12 months to $1 million.

Ampd Energy


Hong Kong

Category: Construction & Engineering

Year based: 2014 • CEO: Brandon Ng

Key backer: HKSTP

Using lithium-ion battery know-how, Ampd Energy’s electrical turbines are mentioned to energy development cranes whereas emitting much less greenhouse fuel and making much less noise than conventional diesel turbines. Ampd Energy says it launched its turbines early final 12 months and that they’re already utilized by 20 property and development firms, together with Jardine Matheson’s Gammon.

Aquaconnect


India

Category: Agriculture

Year based: 2017 • CEO: Rajamanohar Somasundaram

Key backers: Rebright Partners, Flourish Ventures

The Coastal Aquaculture Research Institute, working as Aquaconnect, offers companies for fish and shrimp farmers. In addition to a farm advisory and a web based store for tools and provides, Aquaconnect offers financing, insurance coverage and a community for farmers to attach with potential clients. It says it raised $four million in July in pre-series A funding led by Rebright Partners and Flourish Ventures.

Aroma Bit


Japan

Category: Technology

Year based: 2014 • CEO: Shunichiro Kuroki

Key backers: Seiko Epson, Kyocera

A developer of chips to determine and digitize the information of scents, Aroma Bit launched its first compact aroma sensor in January. Its makes use of embody high quality management for meals merchandise, well being administration and illness detection. The firm’s backers embody Japanese tech corporations Seiko Epson and Kyocera.

Authing


China

Category: Technology

Year based: 2019 • CEO: Xie Yang

Key backers: GGV Capital, MiraclePlus

In below two years, Authing says it has attracted funding from A-list buyers together with GGV Capital and MiraclePlus (beforehand known as Y Combinator China) with its identification administration instrument. The product permits a single sign-on to a number of cloud-based functions, and protects towards safety breaches. Authing says its clients embody China Merchants Bank, Toyota and Volkswagen.

Autocrypt


South Korea

Category: Logistics & Transportation

Year based: 2019 • CEO: Daniel Kim

Key backers: Hyundai, Ulmus Investment

As self-driving vehicles rise in use, safety for his or her pc methods turns into more and more essential. Autocrypt, a by-product from Seoul-based Penta Security Systems, offers these vehicles with cybersecurity and knowledge theft safety. Autocrypt says it has raised $15 million from buyers together with Hyundai’s enterprise arm and Ulmus Investment and is valued at about $45 million. The firm expects to make $eight.5 million in income this 12 months, up from $three.four million final 12 months. Besides South Korea, Autocrypt says it has workplaces in Canada, China and Japan, and can increase to Europe, Singapore and the U.S.

BeatO


India

Category: Biotechnology & Healthcare

Year based: 2015 • CEO: Gautam Chopra

Key backers: Orios Venture Partners, Blume Ventures

Health Arx Technologies’ BeatO is a platform for managing power ailments similar to diabetes by means of subscription-based smart-phone monitoring, data and on-line provides. Of its half-million app installs, practically 300,000 are paid members with 25,000 becoming a member of month-to-month, in line with BeatO. It says it not too long ago raised $5.7 million and has partnered with a significant insurer to increase past India.

Beau Bakery


Indonesia

Category: Food & Hospitality

Year based: 2015 CEO: Talita Setyadi

Key backer: SEAF Women’s Opportunity Fund

Founded by a Le Cordon Bleu graduate, Beau is a bakery and café model working eating places and producing artisanal bread and pastries utilizing domestically sourced substances. Operated by Cahaya Mahakarya Lestari, Beau has a mission to coach and develop expertise. In 2019, Beau obtained funding from SEAF Women’s Opportunity Fund.

Bellatrix Aerospace


India

Category: Logistics & Transportation

Year based: 2015 • CEO: Rohan Ganapathy

Key backers: IDFC Parampara, Survam Partners

Founded by then-university college students, Bellatrix goals to create excessive performing, cost-efficient satellite tv for pc propulsion methods, together with a patented one which makes use of water as a propellant. Pre-revenue, Bellatrix says it raised about $three million in 2019 from buyers together with IDFC Parampara and Survam Partners.

Belun Technology


Hong Kong

Category: Biotechnology & Healthcare

Year based: 2016 • CEO: Lydia Leung

Key backers: HKSTP, Sino Group

Belun Technology developed a ring-like wearable machine that may assist medical professionals remotely monitor and assess sufferers’ sleep well being. It can even accumulate biomarkers whereas a affected person is asleep. Belun says it raised $7 million from buyers together with Hong Kong Science and Technology Parks (HKSTP) and property developer Sino Group’s Sino Inno Lab.

Betterplace


India

Category: Education & Recruitment

Year based: 2015 • CEO: Pravin Agarwala

Key backers: 3one4 Capital, Jungle Ventures

Betterplace lets firms digitally rent and handle blue collar staff, whereas bots assist them improve their abilities. The office administration platform, the corporate says, is utilized by shoppers together with Amazon and meals supply companies Swiggy and Zomato to confirm, monitor and pay employees similar to safety guards and development staff.

BionicM


Japan

Category: Biotechnology & Healthcare

Year based: 2018 • CEO: Sun Xiaojun

Key backers: Japan Science and Technology Agency, University of Tokyo

After 15 years of utilizing crutches in his native China, Sun Xiaojun received a prosthetic leg in Japan, the place he relocated and earned a Ph.D. in engineering from the University of Tokyo. Sun based BionicM to develop extra pure and safer prosthetics, together with battery-powered knees and ankles. For instance, it says its robotic ankle-foot can push off the bottom and raise over obstacles. He says BionicM will start gross sales of its robotic prosthetic leg this 12 months, charging round $45,000—lower than the price of related prosthetics from the U.S. or Europe. In August 2020, BionicM says it raised $four million in a sequence A spherical from buyers together with Japan Science and Technology Agency and University of Tokyo’s funding arm, practically doubling its whole funding.

Bobobox


Indonesia

Category: Food & Hospitality

Year based: 2017 CEO: Indra Gunawan

Key backers: Alpha JWC Ventures, Horizons Ventures

Bobobox Mitra Indonesia affords reasonably priced capsule resort lodging in Indonesia, with sleeping pods in 14 areas throughout Indonesia. Customers pay per night time however quickly may lease by the hour in a number of areas. Bobobox has expanded from resort pods to cabin leases within the woods, known as Bobocabin, and a campervan, Bobovan.

BondEvalue


Singapore

Category: Finance

Year based: 2016 CEO: Rahul Banerjee

Key backers: Citigroup, MassMutual Ventures

BondEvalue is making bonds extra extensively accessible to particular person buyers. The firm has been authorized by Singapore to function BondbloX Bond Exchange, calling it the world’s first fractional bond change that permits buying and selling in minimal denominations of $1,000. In June, the corporate introduced a $6 million sequence A spherical from buyers together with MassMutual Ventures and Citigroup.

Brick & Bolt


India

Category: Construction & Engineering

Year based: 2018 • CEO: Jayesh Rajpurohit

Key backers: Foundamental, Sequoia Surge

Pluckwalk Technologies’ Brick & Bolt is a design-to-build platform for the development trade together with mission administration and common high quality checks. The startup says it has over 700 particular person and industrial developer shoppers, and has raised $four million in funding. Investors embody Sequoia Surge and Foundamental.

BrioHR


Malaysia

Category: Education & Recruitment

Year based: 2018 • CEO: Benjamin Croc

Key backers: East Ventures, Global Founders Capital, Y Combinator

A cloud-based human assets administration platform, BrioHR affords all-in-one companies, from recruitment to payroll, for SMEs in Southeast Asia. A latest graduate of the Y Combinator incubator, BrioHR introduced in March that it bagged $1.three million from buyers together with Global Founders Capital and East Ventures.

Captain Fresh


India

Category: E-commerce & Retail

Year based: 2019 • CEO: Utham Gowda

Key backers: Accel Partners, Matrix Partners India

Captain Fresh, developed by Infifresh Foods, makes use of digital know-how to streamline India’s fragmented $30 billion seafood trade. It says its real-time B2B platform makes use of AI to assist 550 retailers—a base that has grown over 500% in a single 12 months—match buyer orders with India’s fishermen and fish farms. Founder Utham Gowda says predictive fashions assist supply provides of particular fish days earlier than clients place orders, enabling in a single day supply to some cities. In July, Captain Fresh says it raised $12 million in a sequence A spherical led by Accel Partners and Matrix Partners India.

ChatGenie


Philippines

Category: E-commerce & Retail

Year based: 2020 • CEO: Ragde Falcis

ChatGenie combines on-line platforms and Grab’s supply into Facebook Messenger to permit clients to buy by direct message. It was launched a month earlier than Manila’s first pandemic lockdown.

Classum


South Korea

Category: Education & Recruitment

Year based: 2018 • CEO: Chaerin Lee

Key backers: Pearl Abyss, Smilegate

Classum simplifies class communication for lecturers and company trainers by offering video, chat and studying instruments on one platform. The startup says it has raised $7.5 million so removed from buyers together with the VC arms of Korean gaming firms Pearl Abyss and Smilegate.

CloudEats


Philippines

Category: Food & Hospitality

Year based: 2019 • CEO: Kimberly Yao

CloudEats’ secret sauce is its value effectivity—working 60 restaurant manufacturers out of versatile “cloud kitchens.” It can also be growing its personal manufacturers and tailors recipes and ideas primarily based on buyer suggestions. Cloudeats says it has raised $1.eight million in funding off its lightning-fast scaling, with one other spherical scheduled to shut this 12 months.

CoCooking


Japan

Category: Food & Hospitality

Year based: 2015 • CEO: Kazuma Kawagoe

Key backer: PE&HR

Chef Kazuma Kawagoe cofounded CoCooking to carry culinary occasions and workshops. Its Tabete app, launched in 2018, reduces meals waste by permitting its customers to purchase meals nearing expiration from bakeries, eating places and takeout meals shops. The firm says it has 400,000 customers and will get meals from some 1,500 sources. CoCooking says in June it received a $1.four million pre-series A funding spherical led by VC agency PE&HR.

Conicle Co.


Thailand

Category: Education & Recruitment

Year based: 2014 • CEO: Nakorn Phuekphiphatmet

Key backer: Intouch Holdings

Conicle develops on-line studying and worker growth applications for firms, together with certificates, coursework and analysis. It says clients embody over 500 organizations in varied industries in Southeast Asia, with greater than 500,000 registered customers. This fiscal 12 months the agency says it expects to double final 12 months’s income of $1.7 million.

Convosight Analytics


India

Category: Technology

Year based: 2017 • CEO: Tamanna Dhamija

Key backers: IvyCap Ventures, Sequoia Surge

As a group advertising platform for Facebook teams, Convosight makes use of knowledge analytics and machine studying to assist manufacturers faucet into communities. It says it has raised $four.5 million in funding from buyers together with IvyCap Ventures and Sequoia Surge. Convosight forecasts it’s on monitor to greater than double its revenues from $1.four million in 2020-21.

Dayta AI


Hong Kong

Category: E-commerce & Retail

Year based: 2018 • CEO: Patrick Tu

Key backers: HKUST, ParticleX

Dayta AI’s cloud-based platform makes use of surveillance cameras to investigate buyer conduct, permitting retailers to enhance gross sales and buyer expertise. Launched in 2018, Dayta AI says it has raised $three million, together with from the Entrepreneurship Fund of Hong Kong University of Science and Technology (HKUST) and accelerator ParticleX.

Dekoruma


Indonesia

Category: E-commerce & Retail

Year based: 2015 • CEO: Dimas Harry Priawan

Key backers: Foundamental, InterVest, OCBC NISP Ventura

Dekoruma has grown its e-commerce platform from simply furnishings right into a one-stop-shop for residence and residing, together with structure companies and residential gross sales listings. Last 12 months it bagged undisclosed pre-series C funding from InterVest, Foundamental, OCBC NISP Ventura, Skystar Capital and others.

DoctorOnCall


Malaysia

Category: Biotechnology & Healthcare

Year based: 2016 • Managing Director: Maran Virumandi

Key backer: Conny & Co.

DoctorOnCall is a digital well being platform that provides telehealth consultations with board-certified docs, on-line pharmacy and supply companies, in addition to reserving companies for docs and specialists. DoctorOnCall says it serves an estimated three million customers nationwide. The firm plans to construct cellular clinics to make healthcare extra accessible to rural communities.

DrinkPrime


India

Category: Food & Hospitality

Year based: 2016 • CEO: Vijender Reddy Muthayala

Key backers: Omidyar Network, Sequoia Surge, Titan Capital

Given the shortage of fresh water in components of India, DrinkPrime affords a pay-per-use mannequin for water purifiers, so clients don’t have the excessive upfront prices of shopping for and putting in filtration tools. WaterWala Labs, proprietor of DrinkPrime, says it has raised $four million from Sequoia Surge, Omidyar Network and Titan Capital.

Dropee


Malaysia

Category: E-commerce & Retail

Year based: 2017 • CEO: Lennise Ng

Key backers: Vynn Capital, Y Combinator

Claiming to be the nation’s main B2B e-commerce market, Dropee offers an built-in provide chain community that facilitates transactions between companies and their suppliers. The firm says it serves round 70,000 companies, with income up 600% within the final three years. Dropee says it raised $1.three million in seed funding final 12 months from buyers together with Vynn Capital and Y Combinator.

Ease Healthcare


Singapore

Category: Biotechnology & Healthcare

Year based: 2019 • CEO: Guadalupe Lazaro

Key backer: Insignia Ventures Partners

Ease’s app permits environment friendly and discreet supply of girls’s well being companies, and the corporate says its buyer base grew from 1,000 to four,000 customers final 12 months. Ease says it could actually ship contraception, STD take a look at kits and emergency contraceptives inside 4 hours. It additionally affords on-line well being consultations, assets and boards as an alternative choice to conventional healthcare supply and to take away the stigma surrounding ladies’s well being.

En-trak


Hong Kong

Category: Construction & Engineering

Year based: 2013 • CEO: Vincent Chow

Key backers: Alibaba Entrepreneurs Fund, CLP

En-trak’s AI-powered software program personalizes room temperatures and lighting in workplaces to create an optimum work atmosphere and save electrical energy. The firm claims its AI helps customers minimize as much as 20% of heating, air flow and air-con power consumption. En-trak backers embody Alibaba Entrepreneurs Fund and Hong Kong’s CLP.

Entri Software


India

Category: Education & Recruitment

Year based: 2017 • CEO: Mohammed Hisamuddin

Key backer: Good Capital, Innospark Ventures

A language studying app for job abilities, Entri’s market is the estimated 400 million Indians aged 18 to 35 who will not be proficient in English. The firm says it acquires about 350,000 new customers each month and about 5.5 million individuals have used Entri. The firm claims practically 50,000 of them have since discovered jobs.

Evermos


Indonesia

Category: E-commerce & Retail

Year based: 2018 • CEO: Iqbal Muslimin

Key backers: Alpha JWC Ventures, Jungle Ventures

Setiap Hari Dipakai, working as Evermos, is a Muslim-focused social commerce platform, connecting customers to resellers and types providing halal items. In two years Evermos says it has attracted 500 manufacturers and a community of 75,000 resellers which can be paid by fee.

Farm66 Investment 


Hong Kong

Category: Agriculture

Year based: 2013 • CEO: Tam Chi Ho

Key backers: Alibaba Entrepreneurs Fund, Cyberport, ParticleX

Using its personal environmentally sustainable applied sciences like multilayer vertical planting and hydroponics, Farm66 grows natural greens for airline caterers, supermarkets and native customers. Farm66 says buyers have offered $four million in funding, embody Alibaba Entrepreneurs Fund, Hong Kong’s Cyberport, accelerator ParticleX and Sino Inno Lab.

Fasal


India

Category: Agriculture

Year based: 2018 • CEO: Ananda Verma

Key backers: Flipkart Leap, Omnivore, Wavemaker

AI-powered platform Fasal takes the guesswork out of farming by offering real-time knowledge on farm situations in native languages to farmers on any machine. In July, Wolkus Technology Solutions, proprietor of Fasal, graduated from accelerator Flipkart Leap’s inaugural program. The firm says it has a complete of $2 million from buyers together with Omnivore and Wavemaker.

Gamezop


India

Category: Entertainment & Media

Year based: 2015 • CEO: Yashash Agarwal

Key backer: Bitkraft Ventures

A multigame platform, Gamezop permits customers to play their favourite video games with out having to put in particular person apps. According to Gamezop, its mum or dad firm Advergame Technologies raised about $four.three million from buyers together with Bitkraft Ventures. Gamezop says it expects its 2020-21 income to double to $three.2 million.

Global Gene Corp.


Singapore

Category: Biotechnology & Healthcare

Year based: 2013 • CEO: Sumit Jamuar

Adding to the range of genetic databases, the place 80% of samples come from developed nations, Global Gene is mapping the DNA of populations on the Indian subcontinent. Better knowledge would assist drugmakers tailor medicines for every genetic kind. The Singapore-based firm has a R&D heart within the U.Okay.

Gramophone


India

Category: Agriculture

Year based: 2016 • CEO: Tauseef Khan

Key backers: Asha Impact, InfoEdge

Launched as an e-commerce farming provides platform, Agstack Technologies’ Gramophone expanded to supply a full vary of farming companies together with a post-harvest commerce community and crop administration advisory. In the final two years, it says it has added 500,000 clients and greater than doubled income.

H2O Hospitality


South Korea

Category: Food & Hospitality

Year based: 2015 • CEO: John Lee

Key backers: Dadam Investment, IMM Investment

H2O Hospitality is digitalizing the resort trade. It auto-mates each front- and back-end processes, similar to reservations, checking in and income administration. Despite the pandemic, the startup says it has rising demand for its merchandise, now managing 7,500 rooms in 16 cities throughout Korea, Japan and Thailand.

Haulio


Singapore

Category: Logistics & Transportation

Year based: 2016 • CEO: Alvin Ea

Key backer: PSA

Haulio goals to be the Uber of Southeast Asia trucking. Backed by Singapore port big PSA, Haulio says over 90% of truckers and drivers within the city-state use its app to e-book jobs. It’s additionally transferring containers for delivery behemoth CMA CGM in Thailand and has set its sights on Indonesia subsequent.

Hivery


Australia

Category: E-commerce & Retail

Year based: 2015 • CEO: Jason Hosking

Key backer: Blackbird Ventures

Hivery makes use of AI and knowledge administration to assist retailers and client packaged items firms optimize product choice and merchandising. Hivery says its shoppers embody Coca-Cola’s Australian distributor and Walmart. In December, it introduced it would assist East Japan Railway optimize the merchandising machines in its practice stations.

Hoozing


Vietnam

Category: Finance

Year based: 2015 • CEO: Hai Le

Hoozing’s app offers person opinions, worth calculation instruments, and digital fee choices to hurry property leasing and gross sales. Despite the pandemic, Hoozing earned about $1.1 million in income in 2020, CEO Hai Le says, including the corporate will grow to be worthwhile by year-end with $2 million in income.

Hyper Anna


Australia

Category: Technology

Year based: 2016 • CEO: Natalie Nguyen

Key backers: IAG, Sequoia Capital

A digital knowledge scientist, Hyper Anna is AI-powered software program that shortly analyzes knowledge and mechanically produces charts and narratives similar to infographics for enterprise clients. The Australia-based firm is backed by buyers similar to IAG and Sequoia Capital. It says it has raised a complete of $13 million and clients embody Microsoft and Singtel.

i2e1


India

Category: Technology

Year based: 2015 • CEO: Satyam Darmora

Key backer: Omidyar Network India

Omnia Information’s i2e1 (Information To Every One) has enabled digital inclusion for hundreds of thousands of Indians by turning native outlets into WiFi hotspots. The outlets present web entry for as little as 5 rupees (7 cents) a day or free of charge if customers conform to take part in company surveys, i2e1 says.

iHandal Energy Solutions


Malaysia

Category: Construction & Engineering

Year based: 2009 • CEO: Aaron Patel

Key backer: Bintang Capital Partners

Building air flow and heating contribute 10% of worldwide electrical energy consumption. The firm says its methods seize and reuse buildings’ wasted warmth and recycle it, offsetting as much as 70% of thermal emissions, with power financial savings as excessive as 80%. It says it has raised greater than $5 million in a latest spherical led by Bintang Capital Partners.

Immediation


Australia

Category: Technology

Year based: 2017 • Managing Director: Laura Keily

Key backer: Thorney Investments

Founded by company lawyer and barrister Laura Keily, this authorized tech startup noticed surging pandemic-led demand for its safe videoconferencing and communication instruments, which assist courts function nearly throughout lockdowns and different restrictions. In December, Immediation says it raised $2.eight million together with from Thorney Investments.

Inspace


Australia

Category: Technology

Year based: 2017 • CEO: Justin Liang

Key backers: Artesian, Sydney Angels

For property leasing and gross sales, Inspace lets landlords and brokers create 3D digital renderings of buildings, give digital excursions and make movies. The startup says it companions with world property managers Brookfield, CBRE, JLL and Lendlease, and noticed wholesome income development final 12 months.

International Compliance Workshop


Hong Kong

Category: E-commerce & Retail

Year based: 2014 • CEO: Lam Chi Him

Key backers: Betatron Venture Group, Cyberport, Headline

International Compliance Workshop’s platform matches patrons with suppliers vetted by the startup. ICW says its platform has a database of 30,000 accredited producers utilized by world retailers, together with Boots, Kroger and Walgreens. The startup’s backers embody Hong Kong government-backed Cyberport and VC corporations Betatron Venture Group and Headline.

Kalibrr


Philippines

Category: Education & Recruitment

Year based: 2013 • CEO: Paul Rivera

Key backers: Omidyar Network, Wavemaker, Y Combinator

AI-powered recruitment firm Kalibrr says it serves 5 million job seekers in Indonesia and the Philippines, trying to make the hiring course of easier, quicker and higher for firms and candidates. According to the corporate, it has raised $7.5 million from Omidyar Network, Wavemaker and Kickstart Ventures. It was the primary Filipino firm to be accepted by Y Combinator.

Kami


New Zealand

Category: Education & Recruitment

Year based: 2013 • CEO: Hengjie Wang

Key backer: Right Click Capital

The digital classroom on-line instrument is using the net studying tsunami because the pandemic pressured colleges to adapt to distant studying. Its Google Chrome extension model has greater than four million customers. 

Lhamour


Mongolia

Category: E-commerce & Retail

Year based: 2014 • CEO: Khulan Davaadorj

After growing pores and skin rashes, Khulan Davaadorj based her personal pure skincare model and now makes over 40 merchandise, utilizing many domestically sourced substances similar to yak’s milk. The zero-waste firm says its merchandise are offered in department shops in Mongolia and has distributors and gross sales shops all over the world.

Loca


Laos

Category: Logistics & Transportation

Year based: 2018 • CEO: Souliyo Vongdala

The first and main ride-hailing service in Laos, Loca has not too long ago added new companies to its platform similar to out-of-home promoting, a trucking service and on-demand groceries. Pre-pandemic, Loca says most clients have been vacationers however widening native use has helped the enterprise develop 30% month-to-month.

Log 9 Materials


India

Category: Technology

Year based: 2015 • CEO: Akshay Singhal

Key backer: Sequoia Surge

A nanotech firm working to develop each power storage and filtration applied sciences, Log 9 says it has over 25 patents. During the pandemic, it launched superior UV disinfectant merchandise and has additionally produced long-lasting battery packs to cost two- and three-wheeled autos. The firm is backed by Sequoia Surge and says it has raised $four.5 million.

Logivan


Vietnam

Category: Logistics & Transportation

Year based: 2017 • CEO: Linh Pham

Key backers: Insignia Ventures Partners, K3 Ventures

The reply to Vietnam’s fragmented freeway transportation community, Logivan permits firms to shortly find and rent truck drivers who would possibly in any other case return with empty trunks. Logivan says it has greater than 60,000 drivers working for the likes of Coca-Cola, Olam and Wilmar. It says it has raised $eight million together with from Insignia Ventures Partners and K3 Ventures.

Lozi


Vietnam

Category: Logistics & Transportation

Year based: 2017 • CEO: Trung Hoang Nguyen

Key backer: Daal Ventures

Lozi’s supply platform Loship is taking over big rivals similar to GoTo and Grab by promising supply of something—meals, uncooked supplies, meals provides and other people—inside one hour. Covering Vietnam’s most important and second-tier cities, Lozi says it has raised $16 million to increase its companies.

Makers Hive


India

Category: Biotechnology & Healthcare

Year based: 2018 • CEO: Pranav Vempati

A completely functioning bionic hand can value $30,000 or extra, a prohibitive worth for many of the 39 million amputees worldwide. Makers Hive says by creating its components in-house it may introduce KalArm final 12 months for simply $5,000, garnering $three million in orders inside a 12 months.

Med247


Vietnam

Category: Biotechnology & Healthcare

Year based: 2019 • CEO: Tuan Truong

Key backer: KK Fund

This offline-to-online well being supplier offers round the clock care by means of tech-driven well being companies on its app to full-service clinics. The firm, which says it raised $1 million, goals to scale by means of partnerships.

MediConCen


Hong Kong

Category: Biotechnology & Healthcare

Year based: 2018 • CEO: William Yeung

Key backers: Cyberport, ParticleX

MediConCen makes use of blockchain know-how to automate medical insurance coverage claims. By utilizing digital signatures and sensible contracts, the startup claims it could actually scale back fraud. MediConCen says it has over 600,000 customers, who’re linked to over 900 docs. Investors embody Hong Kong government-backed Cyberport and accelerator ParticleX.

Merico


China

Category: Technology

Year based: 2018 • CEO: Ren Jinglei

Key backers: GGV Capital, OSS Capital, Polychain Capital

Merico’s algorithm displays the effectivity and high quality of software program growth by analyzing supply codes. It says its service has attracted clients that embody Bytedance, Didi and Tencent. Merico says it has raised $9 million, together with from GGV Capital, Polychain Capital and OSS Capital.

Miso


South Korea

Category: Technology

Year based: 2016 • CEO: Victor Ching

Key backers: FundersClub, Strong Ventures, Y Combinator

Miso is without doubt one of the most-used housekeeping service apps in Korea. Since launching, Miso has processed over three million bookings from 350,000 customers, in line with founder and CEO Victor Ching. Miso’s backers embody Y Combinator and VC corporations FundersClub and Strong Ventures.

Musiio


Singapore

Category: Entertainment & Media

Year based: 2018 CEO: Hazel Savage

Key backer: Wavemaker

Musiio is a B2B firm utilizing AI to arrange and search massive catalogs of music primarily for different firms within the music trade. In July, Musiio introduced funding that values the corporate at $10 million and signed a strategic consumer, music funding fund Hipgnosis.

MyCloudFulfillment


Thailand

Category: E-commerce & Retail

Year based: 2014 • CEO: Nithi Satchatippavarn

Key backers: Gobi Partners, Siam Commercial Bank

E-Empowerment’s MyCloudFulfillment receives, packages and ships orders for e-commerce shops and offers knowledge analytics to its clients. Last 12 months, the corporate says it posted $three.eight million in income and goals to double that this 12 months. In October, it says it raised $2 million in sequence A funding from buyers together with Gobi Partners and Siam Commercial Bank’s funding arm.

Nalagenetics


Singapore

Category: Biotechnology & Healthcare

Year based: 2016 • CEO: Levana Sani

Key backers: East Ventures, Intudo Ventures

Nalagenetics is a genetics testing firm that focuses on Asian populations. In response to the pandemic, it helped Indonesian hospitals construct labs for Covid-19 testing and in July launched a saliva-based take a look at that’s quicker and cheaper than PCR checks. Nalagenetics is utilizing its Covid-19 proceeds to concentrate on pharmacogenomics—a examine of how an individual’s genes react to medication. The firm expects annual income to develop 80% subsequent 12 months, pushed partly by reimbursements from insurance coverage corporations and licensing knowledge to pharma firms.

NDR Medical Technology


Singapore

Category: Biotechnology & Healthcare

Year based: 2014 • CEO: Alan Goh

Key backer: MicroPort, SGInnovate

NDR Medical’s image-guided robots assist docs determine lesions and conduct minimally invasive surgical procedures similar to kidney stone removing. NDR’s automated needle focusing on system has been efficiently examined in Japan and is in medical trials in South Korea and different Asian nations, NDR says. Pre-revenue, NDR says it raised $eight million final 12 months.

Okra Solar


Cambodia

Category: Technology

Year based: 2016 • CEO: Afnan Hannan

Key backers: Greenway Grid Global, Schneider Electric

Okra Solar’s and software program provides electrical energy to villages off conventional grids. The firm says it has given energy to 2,500 individuals throughout 26 villages in 4 nations, and is backed by Schneider Electric and Greenway Grid Global. It is now in search of to boost $6.5 million in a sequence A spherical.

Otoklix


Indonesia

Category: Logistics & Transportation

Year based: 2019 • CEO: Martin Reyhan Suryohusodo

Key backer: Sequoia Surge

Otoklix connects automotive homeowners in Indonesia to vetted auto restore outlets with standardized and clear pricing. It says it has partnered with over 1,300 restore outlets to repair over 10,000 vehicles a month. The firm will get a fee for every reserving and a minimize of spare components offered to the outlets.

Oye! Rickshaw


India

Category: Logistics & Transportation

Year based: 2017 • CEO: Mohit Sharma

Key backers: Chiratae Ventures, Matrix Partners India

Oye! Rickshaw offers app-based last-mile ride-sharing and supply in Delhi and close by cities through electrical rickshaws. Oye! says it has over 7,000 drivers and accomplished over eight.7 million rides. Founded by engineers Mohit Sharma and Akashdeep Singh, Oye! says it plans to increase its service throughout India.

Parcel Perform


Singapore

Category: Logistics & Transportation

Year based: 2016 • CEO: Arne Jeroschewski

Key backers: 500 Startups, Wavemaker

A carrier-independent parcel monitoring service for e-commerce firms, Parcel Perform says it really works with over 700 carriers, enabling retailers to enhance end-to-end service after point-of-sale. The pandemic-led e-commerce growth meant a 45% enhance in clients, the startup says, together with world manufacturers Decathlon and Nespresso.

PayMongo Philippines


Philippines

Category: Finance

Year based: 2019 CEO: Francis Plaza

Key backer: Y Combinator

PayMongo’s digital platform for retailers accepts all sorts of on-line funds. It says it serves round 7,000 largely micro, small and midsized firms transferring past brick-and-mortar shops to e-commerce. PayMongo is backed by Y Combinator and says it has raised $14.7 million in funding.

Pentester Academy


Singapore

Category: Education & Recruitment

Year based: 2018 CEO: Vivek Ramachandran

Key backer: Sequoia Surge

Binary Security’s Pentester Academy trains authorities companies and firms in cybersecurity. The CEO is thought for uncovering a safety breach in WiFi networks. The firm says gross sales have doubled through the pandemic.

Planys Technologies


India

Category: Construction & Engineering

Year based: 2015 • CEO: Tanuj Jhunjhunwala

Key backers: IIT Madras, Kris Gopalakrishnan

From trying to find trapped miners to inspecting ports and offshore power amenities, Planys’ underwater drones serve quite a lot of shoppers in India. Incubated on the Indian Institute of Technology Madras (IIT Madras), Planys is backed by buyers together with Infosys founder Kris Gopalakrishnan.

Populix


Indonesia

Category: E-commerce & Retail

Year based: 2018 • CEO: Timothy Astandu

Key backers: Intudo Ventures, Pegasus Tech, Quest Ventures

Through its analysis platform, Populix says it connects companies with 260,000 Indonesian customers who’re incentivized to share their insights. From 2019 to 2020, it says income grew greater than 380%. In April, Populix closed a $1.2 million pre-series A spherical with Intudo Ventures and Quest Ventures.

PrivyID


Indonesia

Category: Technology

Year based: 2016 • CEO: Marshall Pribadi

Key Backers: Google for Startups, Mandiri Capital Indonesia, Telkomsel

Privy Identitas Digital is Indonesia’s main digital identification supplier and offers legally binding digital signatures. Its service is utilized by banks, telecom and healthcare corporations. PrivyID not too long ago graduated from the Google for Startups incubator.

Qzense Labs


India

Category: Agriculture

Year based: 2019 • CEO: Rubal Chib

Key backers: Entrepreneur First, Lumis Partners

In a rustic the place a lot recent produce spoils, Qzense expenses a month-to-month subscription for its IoT sensors to assist growers and retailers assess and handle meals high quality, serving to scale back India’s $14 billion annual produce losses.

Raglan Food


New Zealand

Category: Food & Hospitality

Year based: 2014 • CEO: Latesha Randall

Known for its coconut-milk primarily based yogurt, Raglan says it sells 25,000 glass jars per week throughout New Zealand and thru distributors in China, Hong Kong and Singapore. With its dairy-free merchandise, the Carbon Zero group helps promote plant-based diets.

RaSpect Intelligence Inspection


Hong Kong

Category: Construction & Engineering

Year based: 2017 • CEO: Harris Sun

Key backers: Alibaba Entrepreneurs Fund, Hong Kong Innovation And Technology Venture Fund

Based in a metropolis full of skyscrapers, RaSpect makes use of a mixture of AI, IoT sensing know-how and robotics to examine buildings for hazards—which it says is a extra correct, quicker and cheaper technique than conventional inspections. RaSpect says it’s also increasing into predictive upkeep of elevators, escalators, heating and different methods utilized in buildings. This 12 months it expects income to develop 275% to $three million. Aside from Alibaba Entrepreneurs Fund and Hong Kong’s Innovation and Technology Venture Fund, it says it’s also funded by HKSTP, MindWorks and accelerator ParticleX.

Rct Studio


China

Category: Entertainment & Media

Year based: 2018 CEO: Yuheng Chen

Key backer: Y Combinator

Rct Studio helps create immersive interactive video games with its Chaos Box algorithm, which might generate new storylines and character responses in actual time. The startup says it’s codeveloping the multiplayer on-line sport Code: Odyssey with Chinese gaming studio Umi, which makes use of Rct Studio’s know-how.

Regional Fish Institute 


Japan

Category: Agriculture

Year based: 2019 • CEO: Tadanori Umekawa

Key backers: Mitsubishi UFJ Capital, NTT Docomo, Ube Industries

This startup makes use of gene enhancing to shortly enhance fish breeds for consumption, similar to a quicker rising tiger pufferfish and a sea bream with extra fillet meat. Regional Fish says it arose from a joint analysis group between Kyoto and Kindai universities, and buyers embody equipment agency Ebara, Mitsubishi UFJ Capital, NTT Docomo’s enterprise arm and Ube Industries.

Rice Robotics


Hong Kong

Category: Technology

Year based: 2018 • CEO: Victor Lee

Key backers: Alibaba, Cyberport, New World Development

Rice Robotics builds autonomous supply and disinfection robots. The startup says it has greater than 100 clients, together with resorts, malls and subway stations. Backers of Rice Robotics embody Alibaba Entrepreneurs Fund, Hong Kong’s Cyberport and property big New World Development.

Robotics Plus


New Zealand

Category: Agriculture

Year based: 2008 • CEO: Steven Saunders

Key backer: Yamaha Motors

Robotics Plus’ know-how helps make agriculture and different industries safer and extra environment friendly with merchandise similar to a kiwi fruit harvester, a robotic tree scaler and a pollinator. Robotics Plus says it’s backed by $10 million from Yamaha Motors and New Zealand’s Accident Compensation Corp., and sells its merchandise in Australia, Europe and the U.S.

Safepay


Pakistan

Category: Finance

Year based: 2019 CEO: Raza Naqvi

Key backers: Stripe, Soma Capital

A graduate of Y Combinator, Safepay permits on-line retailers in Pakistan to course of funds on their websites and apps. The agency says it takes a 2.5% fee on transactions and in February introduced a seven-figure funding spherical that included fintech Stripe.

Sampingan


Indonesia

Category: Education & Recruitment

Year based: 2018 • CEO: Wisnu Nugrahadi

Key backers: Altara, Antler, Golden Gate Ventures

Enabling the gig economic system, Sampingan connects firms with freelancers to do part-time and full-time temp work. So far, Sampingan says it has bagged $7.1 million in whole funding from buyers together with Altara, Antler and Golden Gate Ventures. It operates in 80 Indonesian cities, it says, with shoppers that embody GoTo and Unilever.

Sarva


India

Category: Education & Recruitment

Year based: 2016 • CEO: Sarvesh Shashi

Key backers: Fireside Ventures, Jennifer Lopez

A yoga studio with 93 areas throughout India and London, Sarva shortly pivoted to yoga instruction through a cellular app through the pandemic. Within 12 months Sarva says the app was downloaded 600,000 occasions. Owner Zorba Renaissance says it has raised $11 million from VC corporations similar to Fireside Ventures in addition to movie star buyers similar to Jennifer Lopez.

Sastaticket


Pakistan

Category: E-commerce & Retail

Year based: 2015 • CEO: Shazil Mehkri

Key backer: Gobi Partners

Claiming to be Pakistan’s largest on-line journey search and reserving web site, Sastaticket says it had $10.5 million in product sales from practically 70,000 transactions in 2020, and raised $1.5 million in a sequence A spherical in 2018 led by Gobi Partners.

See-Mode Technologies


Singapore

Category: Biotechnology & Healthcare

Year based: 2017 • Directors: Milad Mohammadzadeh, Sadaf Monajemi

Key backers: Cocoon Capital, Entrepreneur First, SGInnovate

Stroke is a number one reason behind loss of life, and See-Mode helps predict the illness utilizing AI-powered software program. With the software program, vascular ultrasound scans will be analyzed in a single minute with a single click on. See-Mode says it has been authorized to be used in Australia, Europe, Singapore and the U.S., and has raised $eight million in funding to date.

Sophie’s Bionutrients


Singapore

Category: Food & Hospitality

Year based: 2017 • CEO: Eugene Wang

Key backer: Temasek

Creating alternate options to meat and milk, Sophie’s Bionutrients expects to show worthwhile inside three years amid rising demand for its microalgae-based merchandise in Europe and North America. Backed by Singapore’s Temasek, the corporate sells their plant-based proteins to meals producers.

Speedoc


Singapore

Category: Biotechnology & Healthcare

Year based: 2017 • CEO: Shravan Verma

Key backer: Vertex Ventures

Serving Singapore and Malaysia, Speedoc has over 100 full-time and part-time docs and nurses offering home calls and telemedicine, companies made extra enticing by the pandemic. Since 2018, annual income has risen a mean of 300%, Speedoc says. Last 12 months, the startup says it closed a $5 million sequence A spherical led by Vertex Ventures.

SWAT Mobility


Singapore

Category: Logistics & Transportation

Year based: 2015 • CEO: Jarrold Ong

Key backers: Global Brain, UTEC

Providing ride-sharing companies utilizing route optimization, SWAT devises environment friendly car-pooling that cuts each highway congestion and power consumption. SWAT says it operates in seven nations and has raised $18 million from buyers together with Global Brain in Japan.

Transcelestial Technologies


Singapore

Category: Technology

Year based: 2016 • CEO: Rohit Jha

Key backers: 500 Startups, Wavemaker

Transcelestial Technologies needs to supply high-speed web connections to far-flung areas underserved by telcos and in congested city areas. The startup claims its resolution is cheaper and quicker than standard fiber optic cables.

Traverse Technologies


Singapore

Category: Construction & Engineering

Year based: 2017 • CEO: Thet Lin Thu

Key backers: Golden Gate Ventures, Y Combinator

Using AI and software program, Traverse produces optimum engineering designs of enormous infrastructure tasks similar to wind farms, hydropower crops, roads and transmission strains. A 2019 graduate of incubator Y Combinator, it says it has contributed to three gigawatts of wind and transmission tasks in Japan, Spain, India and Southeast Asia totaling round $four.5 billion.

Truemeds


India

Category: Biotechnology & Healthcare

Year based: 2019 • CEO: Akshat Nayyar

Key backers: Asha Impact, Indian Angel Network Fund, Info Edge Ventures

Using AI to assist sufferers buy generic medication, ​​Intellihealth Solutions’ Truemeds says it had about $1.5 million in income final 12 months. With increasing geographical protection, it expects income to extend 650% in 2021. The firm says it raised about $5.eight million, together with $5 million in a latest sequence A spherical from buyers together with Asha Impact, Indian Angel Network Fund and Info Edge Ventures.

Turtle Shell Technologies


India

Category: Biotechnology & Healthcare

Year based: 2015 • CEO: Mudit Dandwate

Key backers: Prime Venture Partners, YourNest

When hospitals turned away non-Covid-19 sufferers through the pandemic, Turtle Shell’s Dozee displays modified properties into mini-ICUs. A WiFi-enabled hub connects to sensors positioned below a mattress to transmit real-time knowledge similar to coronary heart price and oxygen saturation ranges to docs and household. It says clients embody over 160 hospitals in 18 cities.

UnaBiz


Singapore

Category: Technology

Year based: 2016 • CEO: Henri Bong

Key backers: ENGIE Ventures, KDDI, Soracom IoT Fund

Claiming gross sales in over 25 nations, UnaBiz is an IoT service supplier specializing in product design, manufacturing and cloud companies priced from $1 per machine, per 12 months. UnaBiz says it broke even in 2020 with $18 million in income.

Us2.ai


Singapore

Category: Biotechnology & Healthcare

Year based: 2017 • CEO: James Hare

Key backers: EDBI, Sequoia India

Us2.ai is combating coronary heart illness, the world’s prime killer, with AI. It says its software program, which reads echocardiograms persistently, shortly and cheaply, is awaiting regulatory approval within the U.S. and EU. It says it licenses its software program to pharmaceutical giants similar to AstraZeneca and Roche, and has raised $four million, together with from Sequoia India and Singapore’s EDBI.

Vahdam India


India

Category: Food & Hospitality

Year based: 2014 • CEO: Bala Sarda

Key backers: Fireside Ventures, Sixth Sense Ventures

Backed by Fireside Ventures, Sixth Sense Ventures and distinguished angel buyers, Vahdam India says it has raised $17 million in its quest to create a worldwide Indian tea model. It seems nicely on its method, saying income is almost doubling yearly and its merchandise have been delivered to 130 nations.

Wada Bento


Hong Kong

Category: Food & Hospitality

Year based: 2018 • CEO: Jason Chen

Key backer: Mizuho

Wada Bento helps food-service suppliers dispense ready scorching meals by means of merchandising machines. The startup says it raised $1.1 million so removed from angel buyers and is supported by Japanese financial institution Mizuho’s accelerator program, Mizuho Crowd Brain. 

Water Design Japan 


Japan

Category: Construction & Engineering

Year based: 2020 • CEO: Kazushi Fujita

Water Design makes a patented machine that produces nanosize bubbles in water. Its Ultra-Fine Bubble know-how can clear tools with out harsh chemical substances, promote development in crops and preserve seafood recent for longer. The firm says it has partnered with buying and selling big Sumitomo and chemical maker Asahi Kasei and is in search of large-scale growth.

Wiz.AI


Singapore

Category: Technology

Year based: 2019 • CEO: Jennifer Zhang 

Key backers: GGV Capital, K3 Ventures, Insignia Ventures Partners, Wavemaker

Wiz Holding’s Wiz.AI chatbot understands and speaks in native Asian languages or native accents (similar to Singlish) to supply buyer help. It additionally analyzes and shops knowledge from these voice requires buyer relationship administration methods. According to CEO Jennifer Zhang, the corporate has raised $eight.5 million in funding and already has some multinational firms in Asia as shoppers.



Source link Forbes.com

Leave a Reply

Your email address will not be published. Required fields are marked *