2023 Forbes Report Small Companies & Startups in Asia-Pacific

2023 Forbes Report Small Companies & Startups in Asia-Pacific

2023 Forbes Report: Small Companies & Startups in Asia-Pacific – Asia-Pacific’s small companies and startups are on the rise According to FORBES reported the dynamic landscape of Asia’s startup ecosystem, innovation continues to thrive unabated, undeterred by the surge in global venture capital activity.

Forbes Asia’s prestigious “100 to Watch 2023” list for the current year serves as a testament to this unwavering commitment to pioneering endeavours. This exclusive compilation spotlights the resilience of small-scale enterprises and emerging startups that have set their sights on untapped markets or harnessed cutting-edge technologies, ranging from generative artificial intelligence to revolutionary blood-based disease diagnostics.

Within this diverse roster of game-changers, we find champions of eco-friendly solutions, such as those spearheading the development of insect-based alternative proteins and revolutionizing milk production through digitization, aimed at boosting agricultural yields. In parallel, there are socially conscious business providers dedicated to empowering customers to sell consumer products.

Across eleven distinct categories, spanning fields like biotechnology and healthcare, e-commerce and retail, as well as finance, this list reflects the remarkable diversity of entrepreneurial endeavours across thirteen different nations and territories. Singapore, for the second consecutive year, asserts its dominance by contributing a staggering 20 companies to the list, with Hong Kong closely following with 15, and central China making an impressive mark with 11 representatives.

Additionally, the burgeoning growth hubs of Indonesia and the Philippines have not gone unnoticed, with 11 and 9 enterprises respectively making significant contributions to this vibrant landscape of innovation and entrepreneurship.

Abacus Digital

A side project of Siam Business Bank, quite possibly of Thailand’s biggest moneylender, Math device Computerized fostered a simulated intelligence-fueled application to rapidly give credits (as quick as 10 minutes) to for the most part underbanked clients. Math device Computerized says its application, called MoneyThunder, has given $250 million in credits, to multiple million clients. The organization says it plans to open up to the world by 2025.

Thailand

Category: FinanceYear founded: 2017

CEO: Sutapa Amornvivat

Key backers: CAI Accomplices, Openspace Adventures, SCBX, Vertex Adventures

Abillion

Web-based entertainment application Abillion permits clients to share content about maintainability and buy eco-accommodating items, for example, veggie lover food varieties and mercilessness-free cosmetics. The organization asserts its shared commercial centre traverses north of 40 nations, and that it has cooperated with ecological foundations that help livestock government assistance, and marine untamed life and that’s just the beginning. Abillion asserts that it has raised $16 million in funding thus far.

Singapore

Category: Consumer Technology

Year founded: 2017 • CEO: Vikas Garg

Key backers: 1/0 Capital, 500 Global, Brinc, Blue Horizon, The Mills Fabrica, SDG Impact Japan

Accredify

Accredify is a blockchain-based verification startup that enables its customers to create and manage tamper-proof documents, images, and videos. Its accomplices have incorporated Singapore’s Bookkeeping and Corporate Administrative Power, which involved Accredify for business testaments and profiles. The organization guarantees it’s given confirmations for more than 12 million records, with income almost multiplying in 2022 from a year sooner.

Singapore

Category: Enterprise Technology

Year founded: 2019 • CEO: Quah Zheng Wei

Key backers: Endeavor, iGlobe Partners, K2 Global, Pavilion Capital, Qualgro, SIG Venture Capital

Aerodyne

Aerodyne’s independent robots can splash crops, assess electrical cables or screen city roads. The organization’s man-made intelligence-fueled “settled” drone framework assists gadgets with synchronizing with each other and returning to a typical charging base. Since its establishment, Aerodyne claims it’s led north of 458,000 flight tasks in 45 nations, and has raised a sum of $68 million.

Malaysia

Category: Enterprise Technology

Year founded: 2014 • CEO: Kamarul Muhamed

Key backers: 500 Global, ACSL, Axiata Digital Innovation Fund, Drone Fund, Gobi Partners, Indorama, InterVest, Kejora Capital, Kobashi Industries, KWAP, North Summit Capital, Petronas Ventures, Leave a Nest, Real Tech Fund, VentureTECH

Ai-BrainScience

Utilizing eye-following innovation, and man-made intelligence BrainScience has fostered a quick mental evaluation to help early location of dementia. Each test requires close to three minutes and assesses how rapidly patients view a bunch of pictures displayed on a screen. Man-made intelligence BrainScience plans to permit its innovation to drug organizations and send off a freely accessible application.

Japan

Category: Biotechnology & Healthcare

Year founded: 2019 • CEO: Kentaro Takamura

Key backers: Initial Enterprise, Miyako Capital, Mizuho Capital

AiESG

Veered from Kyushu College, AiESG is a web-based natural and social administration (ESG) appraisal instrument for items and administrations. The organization guarantees its artificial intelligence-controlled positioning framework has north of 3,200 ESG markers, like ozone-depleting substance discharges and orientation uniformity. In May, AiESG cooperated with the executive’s consultancy Deloitte to offer ESG assessments for its clients.

Japan

Category: Enterprise Technology

Year founded: 2022 • CEO: Daikichi Seki

Key backers: Japan Associated Finance Co., Miyabi Ventures

AmazingTalker

As a web-based mentoring commercial center AmazingTalker interfaces understudies with teachers for dialects, like English and Chinese, and other scholarly subjects. Clients buy each example in turn, estimated at generally $10 for each 50-minute class, from which the startup procures a commission. AmazingTalker, which has brought $15.5 million up in subsidizing, cases to have 100,000 dynamic clients across its application and site.

Taiwan

Category: Education & Recruitment

Year founded: 2016 • CEO: Abner Chao

Key backers: 500 Global, Alibaba Entrepreneurs Fund, CDIB Capital, Japan Associated Finance Co., SparkLabs Taiwan

Anpoly

Anpoly, led by former Pohang University of Science and Technology environment professor Sangcheol Rho, is bringing nanocellulose technology to market to combat plastic pollution. Anpoly, an abbreviation for cutting-edge regular polymer, says its nano-organized material is biodegradable and more grounded than iron, and can be utilized as bundling among different applications in development, beauty care products and biotechnology.

South Korea

Category: Biotechnology & Healthcare

Year founded: 2017 • CEO: Sangcheol Rho

Key backers: Enlight Ventures, Impact Square, ISU Venture Capital, Lotte Ventures, Postech Holdings

ApnaKlub

ApnaKlub is a wholesale distributor of fast-moving consumer goods for small businesses in rural India that sell groceries and dry goods. Utilizing the ApnaKlub application, retailers can browse north of 1,000 items presented by 300 brands, the startup claims.

India

Category: E-commerce & Retail

Year founded: 2019 • CEO: Shruti

Key backers: Blume Ventures, Flourish Ventures, Google for Startups, ICMG Partners, Peak XV’s Surge, Tiger Global Management, TrueScale Capital, Whiteboard Capital

Beleaf

Tank-farming ranch Beleaf develops mixed greens, spices and root vegetables for accomplices, for example, hotpot chain Haidilao and online business goliath Shopee. Its cultivating as a help (FaaS) stage in 2022 likewise upholds Indonesian ranchers with horticultural direction, technical support and promoting administrations. Beleaf activities length five hectares of farmland and the organization professes to have 20 FaaS accomplices.

Indonesia

Category: Agriculture 

Year founded: 2019 • CEO: Amrit Lakhiani

Key backers: Alpha JWC Ventures, BRI Ventures, MDI Ventures, Openspace Ventures

BoomGrow

BoomGrow reuses transporting compartments into indoor vertical homesteads. The startup claims it develops more than 250 kinds of pesticide produce, for example, romaine lettuce and Swiss chard, which it sells through supermarkets and eateries. Situated in Kuala Lumpur, the startup additionally works in the Philippines.

Malaysia

Category: Agriculture

Year founded: 2013 • CEO: Murali Krishnamurthy

Key backers: Big Sky Capital, MDEC, PlaTCOM Ventures, SME Corp.

Bot MD

The chat assistants powered by AI at Bot MD can help doctors look up information, keep an eye on their patients, and send real-time alerts about their health. The startup says it serves more than 20,000 clients over informing applications like WhatsApp and Facebook Courier. Bot MD likewise works with a different colleague administration for clinical staff for clinical rules and other data.

Singapore

Category: Biotechnology & Healthcare

Year founded: 2018 • CEO: Dorothea Koh

Key backers: Floodgate Fund, Grant Park Ventures, Monk’s Hill Ventures, SeaX Ventures, SGInnovate, XA Network, Y Combinator

Bowtie

Necktie became Hong Kong’s most memorable virtual guarantor when it accepted its permit in 2018. The organization offers clinical and life coverage designs straightforwardly to clients without specialists or commissions. Necktie says it has more than HK$60 billion ($7.7 billion) in all-out totals protected and north of 90,000 clients.

Hong Kong

Category: Finance

Year founded: 2018 • CEOs: Michael Chan, Fred Ngan

Key backers: Mitsui & Co., Sun Life Hong Kong

Brankas

Brankas provides financial service providers and online businesses with API-based solutions for underbanked markets throughout Southeast Asia. With more than 100 venture accomplices in the Asia-Pacific, Brankas offers apparatuses for online business, loaning, settlements and different administrations.

Singapore

Category: Finance

Year founded: 2016 • CEO: Todd Schweitzer

Key backers: AFG Partners, Beenext, GK Plug and Play, Insignia Ventures Partners, Integra Partners, Treasury International, Visa

Care Concierge

Focusing on Malaysia’s maturing populace, Care Attendant offers help in living offices and providing care administrations for the older. Through Care Attendant’s application, clients can choose from a pool of 2,000 medical attendants, specialists and parental figures. It likewise permits clients to screen their old friends and family’s important bodily functions, in view of updates from their specialists. Care Concierge has obtained $4 million in funding thus far.

Malaysia

Category: Enterprise Technology

Year founded: 2017 • CEO: Martin Yap

Key backers: Bintang Capital Partners, Gobi Partners, OSK Ventures International

Cellomics

Cellomics is a spinoff of the City University of Hong Kong that focuses on liquid biopsy, a blood test that can detect cancer cells early. Cellomics’ executive, Mengsu (Michael) Yang, likewise helped to establish Prenetics, a DNA-sequencing startup that turned to making Coronavirus tests during the pandemic.

Hong Kong

Category: Biotechnology & Healthcare

Year founded: 2017 • CEO: N/A

Key backers: Beyond Ventures, City University of Hong Kong, Genetel Bioventures, Raffles Family Office, Taiping Hong Kong Insurance Innovation and Technology Venture Fund

Chickin

Chickin involves IoT innovation for poultry the board and meat circulation. It provides smart farm equipment that is cloud-based technology integrated with climate control, equipment management, and livestock living conditions. This technology is called CI-Touch. It upholds north of 9,800 chicken reproducers, the startup says.

Indonesia

Category: Agriculture

Year founded: 2020 • CEO: Tubagus Syailendra

Key backers: 500 Global, East Ventures, Plug and Play APAC

ChromX Health

Established by a designing postdoctoral partner at Yale College, ChromX Wellbeing is creating bedside testing gadgets that profess to screen and analyze various ongoing illnesses, like cellular breakdown in the lungs, from breathed-out breath. The startup says its breathalyzers assist with decreasing analytic costs by multiple times and accelerate the interaction by multiple times contrasted with customary techniques like quality sequencing.

China

Category: Biotechnology & Healthcare

Year founded: 2021 • CEO: Junqi Wang

Key backers: Country Garden Venture Capital, Beijing Institute of Collaborative Innovation, ZhenFund

Coolmate

In the midst of Vietnam’s developing business sector for web-based business, direct-to-purchaser business Coolmate sells men’s style and way of life items, going from Shirts to shaving cream. The startup says it intends to grow its contributions of more than 180 items, accessible for buying through Coolmate’s site or stages like Shopee. Coolmate, led by Forbes Midas Lister Allen Zhu, was the first Vietnamese company in GSR Ventures’ portfolio.

Vietnam

Singapore

Category: Enterprise Technology

Year founded: 2021 • CEO: Damien Dugauquier

Key backers: 1982 Ventures, Jungle Ventures, Rapyd Ventures, Resolution Ventures, Saison Capital, XA Network

Involve Asia

Promoting stage Include Asia interfaces brands with miniature powerhouses — for the most part, characterized as forces to be reckoned with less than 100,000 supporters via web-based entertainment — for offshoot showcasing or other publicizing programs. The new company asserts that it collaborates with more than 500 brands, including global names like Nike and Sephora. Until now, Include Asia has raised a sum of $16.5 million in subsidizing.

Malaysia

Category: Consumer Technology

Year founded: 2014 • CEO: Jimmy How

Key backers: 500 Global, Bintang Capital Partners, Cradle Seed Ventures, OSK Technology Ventures

iSeller Commerce

Through their site and application, iSeller helps little to moderate-sized firms deal with their stock, form a web-based retail facade and advance deals through channels like online entertainment. The Jakarta-based startup, veered off from Indonesia’s Intersoft Arrangements, asserts it’s handled more than $500 million in advanced instalments and serves 100,000 organizations.

Indonesia

Category: Enterprise Technology

Year founded: 2016 • CEO: Jimmy Petrus

Key backers: AppWorks, Beacon Capital, Intudo Ventures, Mandiri Capital Indonesia, Openspace Ventures

Jotbody

Jotbody has practical experience in delivering single-space antibodies, a kind of immune response used to foster symptomatic units and therapies for sicknesses like malignant growth. The startup obtains its antibodies from blood samples taken from a Hong Kong-dwelling small shark species. According to Jotbody, its method of collection reduces production costs by up to 70%.

Hong Kong

Category: Biotechnology & Healthcare

Year founded: 2020 • CEO: N/A

Key backers: City University of Hong Kong, Hong Kong Innovation and Technology Commission, HKSTP, Pentepebble

Jumppoint

Jumppoint offers start-to-finish planned operations administrations to internet business traders, from neighborhood and worldwide expedited shipments to cold-chain conveyances, to warehousing and satisfaction administrations. Jumppoint Logistics claims to have more than 6,000 customers and process more than 5 million orders annually thanks to its proprietary route-planning system, which it claims can cut logistics costs by up to 70%.

Hong Kong

Category: Logistics & Transportation

Year founded: 2020 • CEO: Samson Ho

Key backers: Beyond Ventures, Chinachem Group, Headline Asia, InnoAngel Fund, Innovation and Technology Venture Fund, MindWorks Capital

Kaleidofin

Digital wealth solutions for India’s underbanked or unbanked population are provided by the fintech startup Kaleidofin. Clients can apply for a Kaleidofin online ledger, charge card and credit well-being check, among different administrations. They can likewise enroll for KaleidoPay, a distributed installment application. Until this point, the startup has raised $23 million from financial backers and humanitarian gatherings like the Bill and Melinda Doors Establishment.

India

Category: Finance

Year founded: 2017 • CEO: Sucharita Mukherjee

Key backers: Bharat Fund, Blume Ventures, Flourish Ventures, Bill & Melinda Gates Foundation, Michael & Susan Dell Foundation, Oikocredit, Omidyar Network

KEYi Tech

KEYi Tech centres around making buddy robots that emulate the way of behaving of pets. It says it claims north of 40 licenses on mechanical plans and computer-based intelligence calculations, which it applies in its two robots, ClicBot and Loona Petbot. Loona can recognize voices, signals and items, permitting clients to play straightforward games like Get.

China

Category: Consumer Technology

Year founded: 2014 • CEO: Jianbo Yang

Key backers: Anker Innovations, BlueRun Ventures China, Bomhan Investments, Cheetah Mobile, Green Pine Capital Partners, Shunwei Capital, Source Code Capital, Xiaomi

Kindred

Ladies’ Wellbeing Startup Fellow gives virtual and in-person clinical conferences to ladies in the Philippines. Patients can make arrangements through Fellow’s site or application for claims to fame including gynaecology, mental well-being, fruitfulness care and inoculations against physically sent sicknesses. The startup guarantees its foundation traverses 80 specialists, and it’s finished 12,000 exchanges to date.

Philippines

Category: Biotechnology & Healthcare

Year founded: 2022 • CEO: Jessica de Mesa-Lim

Key backers: KSR Ventures, Pawikan Capital Group, Pulse 63 Healthcare Ventures, Tenco Capital Holdings

Kinexcs

Kinexcs sells wearable gadgets for patients recuperating from a medical procedure or adapting to outer muscle conditions, meaning to work on their portability and personal satisfaction. After the joint substitution medical procedure, patients can put Kinexcs’ Kimia Recuperate sensor on their impacted appendage to screen development and gather recuperation information. Kimia is disseminated by emergency clinics and facilities in North America, Europe and Asia, as per the startup.’

Singapore

Category: Biotechnology & Healthcare

Year founded: 2017 • CEO: Abhishek Agrawal

Key backers: Enterprise Singapore, Entrepreneur First, Govin Capital, NGEN Capital, Nanyang Technological University, NUS Technology, ParticleX, Prasetia Dwidharma, Pureland Venture, SGInnovate, SOSV

KiotViet

KiotViet, based in Hanoi, developed a point-of-sale system for Vietnam’s small businesses in 2014 after beginning as a subsidiary of Citigo Software. KiotViet intends to act as an all-in-one resource for stock administration, CRM, and representative administration administrations and the sky is the limit from there. The startup says it arrived at more than 200,000 clients toward the finish of 2022.

Vietnam

Category: Consumer Technology

Year founded: 2014 • CEO: Tran Nguyen Hao

Key backers: Beacon Venture Capital, Cao Viet My Investment Development Technology, Jet Tech Innovation Ventures, Jungle Ventures, Kite Asia Holdings, KKR

Kraver’s Canteen

Situated in Manila, Kraver’s Flask is a cloud kitchen administrator with 11 offices. It professes to propose north of 1,000 feast choices, with fixing straightforwardness and sustenance breakdowns. Clients can pre-request dinner plans as long as 12 weeks ahead of time. Kraver’s Canteen has raised $4.5 million thus far.

Philippines

Category: Food & Hospitality

Year founded: 2020 • CEO: Victor Seunglee Lim

Key backers: Foxmont Capital Partners, Kaya Founders, Oak Drive Ventures, Quest Ventures

Lapasar

Lapasar began as a wholesale website for cleaning tools, IT equipment, and other office supplies. During the pandemic, it expanded to fast-moving consumer goods, catering to both small independent businesses and larger corporations. The startup claims it regulates its own warehousing and circulation organization, crossing 10,000 providers. It’s brought $5.7 million up in subsidizing to date.

Malaysia

Category: E-commerce & RetailYear founded: 2016 

CEO: Thinesh Kumar Asogan

Key backers: Adaptive Capital Partners, Creador, Gobi Partners, Nexea, WatchTower & Friends

Lexagle

Legitimate innovation startup Lexagle utilizes computer-based intelligence to drive a web-based agreement on the board stage for attorneys, in-house advice and organizations. With activities in Indonesia, Malaysia, Australia and Singapore, Lexagle claims it has north of 5,000 paying clients across 14 nations. Lexagle is upheld by Singapore government offices including Endeavor Singapore and the Organization for Science, Innovation and Exploration.

Singapore

Category: Enterprise Technology

Year founded: 2019 • CEO: Gerald Heng

Key backers: Asia Advisors, Prospect Hill Capital, Sitorus Family Office, Voveo Capital

Life goes on

Lifegoeson works with an assortment of tech-empowered clothing administrations, for example, a pickup and conveyance application (more than 100,000 downloads on the Google Play Store) and a simulated intelligence-controlled clothing arranging machine. Utilizing its client information, Lifegoeson plans to venture into an online business and duplicate its progress in clothing, food and homes. In November, Lifegoeson brought $37 million up in series C subsidizing driven by H&Q Korea.

South Korea

Category: Food & Hospitality

Year founded: 2018 • CEO: Sungwoo Cho

Key backers: Altos Ventures, DS Asset Management, H&Q Korea, Korea Development Bank, Korea Investment Partners, Samsung Venture Investment, SoftBank Ventures Asia

Lima Tech

Beijing-based Lima Tech creates programming devices for Chinese insurance agencies to smooth out and digitize their activities. Its items incorporate a computerized administration stage for organizations to monitor strategy deals. The startup claims it serves north of 100 clients, including protection goliaths PICC, China Taiping and Ping An.

China

Category: Enterprise Technology

Year founded: 2017 • CEO: Chao Li

Key backers: Cherubic Ventures, Hillhouse Capital, GGV Capital, Unicorn Capital Partners

Liner

Liner fostered an artificial intelligence-based search apparatus, which it says has in excess of 10 million month-to-month dynamic clients across more than 160 nations. Liner’s artificial intelligence-based search apparatus, which can likewise sum up data and interpret messages, is accessible as an expansion for Samsung’s Web program, which comes pre-introduced on Samsung’s Universe cell phones.

South Korea

Category: Consumer Technology

Year founded: 2012 • CEO: Jinu Kim

Key backers: CJ Investment, Industrial Bank of Korea, KB Investment, Magellan Technology Investment, SL Investment, SpringCamp, WE Ventures

LionsBot International

LionsBot creates independent cleaning arrangements, like vacuum robots, to work on cleaning errands. Its gadgets, which can be controlled through its LionsClean application, cover a scope of indoor spaces: The startup’s well-known R3 Scour robot can wash and residue floors in shopping centres, while its R12 Rex Scour scouring machine and cleaner take care of stockrooms, plants and dissemination focus. The startup claims to have deployed more than 2,000 robots in 30 nations thus far. Supported by driving Singaporean firms like EDBI, LionBot expects to grow in the U.S. this year.

Singapore

Category: Enterprise Technology

Year founded: 2018 • CEO: Dylan Ng Terntzer

Key backers: Black Kite Capital, EDBI, Reiwag Singapore, Sabre Ventures, SEA Frontier Fund, SuperSteam Asia Pacific, Taycan Investments, Translink Capital Partners

Lucence

Lucence, a precision oncology startup, creates non-invasive tests with the intention of accurately diagnosing cancer. It asserts its leader blood test, LiquidHallmark, can identify growth DNA in 80 qualities, among different elements. Oncologist and cancer geneticist Tan Min-Han is Lucence’s founding CEO and medical director.

Singapore

Category: Biotechnology & Healthcare

Year founded: 2016 • CEO: Tan Min-Han

Key backers: Camtech Ventures, Cell Track Investments, Centurion Private Equity, Cruz Holdings, Great Noble International, Heliconia Capital, IHH Healthcare, Jungle Ventures, Maverick Investments, Openspace Ventures, SGInnovate

Makestar

Makestar runs a website that connects fans and K-pop artists. The startup expresses that fans from everywhere the world have utilized its site to purchase occasion tickets, collections and products from 600 or more craftsmen. Makestar claims that last year, it made a profit of $500,000 on $36.8 million in sales and anticipates $80 million in sales this year.

South Korea

Category: Entertainment & Media

Year founded: 2015 • CEO: Jaemyun Kim

Key backers: Altos Ventures, ES Investor, ISU Venture Capital, Korea Development Bank, NextG Investment

Megaview

Marketing innovation startup Megaview utilizes artificial intelligence to assist organizations with dissecting their deals associations, meaning to assist them with better grasping the requirements of clients and driving income development. It claims it has broken down more than 15 million discussions across enterprises like land, money and schooling.

China

Category: Enterprise Technology

Year founded: 2020 • CEO: Sanpu Han

Key backers: Glory Ventures, GGV Capital, Granite Global Ventures, Xinming Capital

MindRank

MindRank is a computer-based intelligence-driven biotech firm centred around propelling accuracy meds, expecting to find creative treatments and increment the general achievement pace of medication innovative work. Having gotten more than $20 million in a series A+ round this year, MindRank works Research and development focus in China and the U.K.

China

Category: Biotechnology & Healthcare

Year founded: 2020 • CEO: Zhangming Niu

Key backers: Cherami Investment Group, Green Pine Capital Partners, Huagai Capital, Sherpa Healthcare Partners

MoreGoodDays

MoreGoodDays gives computerized torment to the board programs, for example, live interactive discussions with wellbeing professionals and one-on-one telehealth meetings with analysts. The organization at first centred around fibromyalgia, a problem described by muscle torment and weakness, and has extended to other ongoing agony conditions. In Spring, MoreGoodDays raised A$3.5 million ($2.3 million) in seed financing.

Australia

Category: Biotechnology & Healthcare

Year founded: 2021 • CEO: Neala Fulia

Key backers: Blackbird, Giant Leap, LaunchVic, Side Stage Ventures, Snow Foundation

Multiplier

Established during the pandemic, when remote work turned into a need, business stage Multiplier means to be an all-in-one resource for organizations recruiting global staff. Through the startup’s site, organizations can locally available workers situated in more than 150 nations. With complete financing of more than $77 million, Multiplier is esteemed at $400 million, as indicated by the startup.

Singapore

Category: Enterprise Technology

Year founded: 2020 • CEO: Sagar Khatri

Key backers: DST Global Partners, Golden Gate Ventures, MS&AD Ventures, Picus Capital, Peak XV, Tiger Global Management

MyRealTrip

MyRealTrip is an all-in-one resource for everything connected with movement. Its namesake travel super app attracts clients with its modest aircraft tickets and intends to strategically pitch higher-edge items and administrations like convenience, exercises and visits. MyRealTrip’s application has been downloaded more than 1 million times on Google’s Play Store with a typical client rating of 4.8 stars out of 5.

South Korea

Category: Consumer Technology

Year founded: 2012 • CEO: Donggun Lee

Key backers: Altos Ventures, BlueRun Ventures, BonAngels Venture Partners, IBK Capital, IMM Investment, Korea Development Bank, Mirae Asset Capital, Primer, Smilegate Investment

Nearthlab

Nearthlab monitors wind farms with AI and autonomous drones. The Seoul-based startup says its robots have assessed in excess of 300,000 sharp edges, including for modern monster GE and Siemens Gamesa, one of the world’s greatest producers of wind turbines. Nearthlab says its independent robots can chop down checking time from one day to 15 minutes.

South Korea

Category: Enterprise Technology

Year founded: 2015 • CEO: Jay Choi

Key backers: BonAngels Venture Partners, Breeze Investment, Company K Partners, Devsisters Ventures, FuturePlay, IMM Investment, Mirae Asset Capital, NAU IB Capital, SBI Investment Korea, Shinhan Capital, Smilegate Investment, Stonebridge Ventures

NeoX Biotech

Artificial intelligence controlled drug revelation stage NeoX says it investigates the collaborations between proteins to zero in on macromolecular medications, which comprise of perplexing particles, and multi-explicit medications, which can address more than one illness target. The startup plans to move on to clinical trials in 2023 with over $70 million in funding.

China

Category: Biotechnology & Healthcare

Year founded: 2018 • CEO: Michael Chen

Key backers: 5Y Capital, BAI Capital, Genesis Capital, LYFE Capital, MiraclePlus, Sequoia China, Sky9 Capital, Vertex Ventures, Vision Plus Capital, ZhenFund

Nutrition Technologies

Sustenance Advancements involve bugs as an elective protein hotspot for creature feed and compost. The startup processes dark officer fly hatchlings into protein, oil and different items. After a $20 million financing round in 2022, driven by the funding arm of Thai oil and gas organization PTT, Sustenance Advances expects to venture into new business sectors.

Singapore

Category: Agriculture

Year founded: 2015 • CEOs: Tom Berry, Nicholas Piggott

Key backers: Hera Capital, ING Sustainable Investments, Openspace Ventures, PTT Ventures, Seeds Capital

Packworks

Packworks’ stock administration stage helps proprietors of little corner shops, known as “sari” stores, gather deal information, record costs and then some. Situated in Manila, Packworks works with north of 270,000 organizations, as per the startup. It claims to have raised $2.2 million in total.

Philippines

Category: E-commerce & Retail

Year founded: 2018 • CEO: Bing Tan

Key backers: ADB Ventures, Arise, CVC Capital Partners, Fast Group, IdeaSpace Foundation, Techstars

PanopticAI

A side project organization from the Hong Kong College of Science and Innovation, PanopticAI fostered an application and a gadget, which it cases can peruse essential signs like pulses and circulatory strain in 30 seconds by recognizing unpretentious changes in an individual’s skin tinge brought about by changes in bloodstream. In November, PanopticAI declared that IHH Medical Care’s Gleneagles will coordinate its innovation into the emergency clinic’s application.

Hong Kong

Category: Biotechnology & Healthcare

Year founded: 2020 • CEO: Kyle Wong

Key backers: Alibaba Entrepreneurs Fund, Gobi Partners, Hong Kong University of Science and Technology

Peddlr

Peddlr gives a retail location application for miniature, small, and medium-sized organizations to assist them with overseeing deals and costs. Utilizing Peddlr’s site or application, organizations can follow stock, produce fundamental bookkeeping reports and make an essential internet-based customer-facing facade. The startup has raised a sum of $4.9 million.

Philippines

Category: Enterprise Technology

Year founded: 2021 • CEO: Nel Laygo

Key backers: 500 Global, Crestone Venture Capital, Foxmont Capital Partners, January Capital, Kaya Founders, KDV Capital, NordStar Capital, Patamar Capital, Vulpes Ventures, XA Network

Playlist

Playlist is a content production studio with almost 2.5 million YouTube subscribers that is based in Seoul and specializes in Korean web series. In December, the studio cooperated with extremely rich person Hong Seok-joh’s odds and ends shop administrator BGF Retail to deliver a YouTube series that happens at one of its CU stores. In May, Playlist raised 14.2 billion won ($11 million) in financing.

South Korea

Category: Entertainment & Media

Year founded: 2017 • CEO: Taewon Park

Key backers: Altos Ventures, CJ Investment, Hana Securities, IMM Investment, Mirae Asset, Naver, Premier Partners

PolicyStreet

PolicyStreet gives computerized protection answers for the two organizations and shoppers. The Kuala Lumpur-settled startup says it’s joined forces with Southeast Asian internet business monster Shopee to guarantee bundles, and with ride-hailing goliath Get to safeguard drivers. It has raised a sum of $22 million from financial backers including Malaysia’s sovereign abundance reserve, Khazanah Nasional.

Malaysia

Category: Finance

Year founded: 2016 • CEO: Yen Ming Lee

Key backers: Altara Ventures, Auspac Investment Management, Gobi Partners, Khazanah Nasional, KK Fund, Spiral Ventures

Qupital

Qupital connects professional investors and Hong Kong and mainland China merchants selling on overseas e-commerce platforms. The startup professes to have up to this point dispensed more than $1 billion to north of 10,000 sellers on Amazon, eBay, Lazada and different commercial centers, with a default pace of under 0.1%.

Hong Kong

Category: Finance

Year founded: 2016 • CEO: Winston Wong

Key backers: Alibaba Entrepreneurs Fund, Citi, CreditEase, Decacorn Capital, Gobi Partners, Greater Bay Area Homeland Development Fund, Innovation and Technology Venture Fund, MindWorks Capital, NordStar Capital, Silverhorn

Reap

Small and medium-sized businesses can pay their bills and better track and manage their spending with the virtual corporate credit cards and expense management software offered by the fintech startup Reap. Harvest says it made north of 200,000 virtual corporate Mastercards for organizations like tennis shoe retailer Kicks Team and crypto trade OKX, and handled more than $200 million in exchanges.

Hong Kong

Category: Finance

Year founded: 2018 • CEOs: Daren Guo, Kevin Kang

Key backers: Acorn Pacific Ventures, Arcadia Funds Management, BAI Capital, Fresco Capital, Global Founders Capital, HashKey Capital, Hustle Fund, K3 Ventures, Payment Asia

Red Dot Analytics

Veered off from Nanyang Mechanical College in Singapore, Red Spot Examination’s leader programming, DCverse, assists information with focusing chiefs use computer-based intelligence to break down advanced copies of their gear and track down ways of diminishing fossil fuel byproducts. It intends to market DCverse this year.

Singapore

Category: Enterprise Technology

Year founded: 2016 • CEO: Henry Xu

Key backers: ADB Ventures, Avior Capital, GSR Ventures, IMO Ventures, Yincubator

RED Health

RED Health’s ambulances and skilled paramedics aim to fill the gaps in India’s emergency response services. Patients can receive support from one of the startup’s ambulances within eight minutes of calling Red Health’s hotline. With a fleet of over 5,000 ambulances across 550 Indian cities, the seven-year-old startup says it’s handled over 260,000 cases since it was launched. RED Health also runs emergency response training courses through RED Academy, which teaches skills like CPR. Originally known as StanPlus, RED Health rebranded earlier this year and is looking to expand its general healthcare services, offering preventive health checks at clinics and more.

India

Category: Biotechnology & Healthcare

Year founded: 2016 • CEO: Prabhdeep Singh

Key backers: HealthQuad, Jungle Ventures, Kalaari Capital

SariSuki

SariSuki, a social e-commerce startup, aims to change the retail landscape in the Philippines by selling groceries through its website and app. Clients can enlist for a record to arrange new produce from nearby ranches, which are dispersed through Sarisuki’s assigned affiliates. The startup guarantees it’s gathered a sum of $30 million in financing and served in excess of 800,000 clients.

Philippines

Category: Agriculture

Year founded: 2021 • CEO: Brian Cu

Key backers: Credit Saison, Foxmont Capital Partners, Global Founders Capital, Kickstart Ventures, Openspace Ventures, JG Digital Equity Ventures, Susquehanna International Group

Saturdays

Eyewear startup Saturdays, which works 45 actual stores across Indonesia, permits clients to essentially “take a stab at” plans through their site and application. In 2020, during the pandemic, Saturdays sent off an at-home optician administration for clients to get an eye test and view casings of their decision. Looking forward, the startup expects to broadly extend.

Indonesia

Category: E-commerce & Retail

Year founded: 2016 • CEOs: Andrew Kandolha, Rama Suparta

Key backers: Alpha JWC Ventures, Alto Partners, Altara Ventures, DSG Consumer Partners, Genesis Alternative Ventures, Kinesys Group

Seadronix

According to the startup, major South Korean ports like Busan, Incheon, and Ulsan use its AI port monitoring and management system to help ships navigate safely and effectively. It additionally guarantees its innovation can assist ships with working more independently. In May last year, Seadronix brought $5.8 million up in a subsidizing round driven by SoftBank Adventures Asia.

South Korea

Category: Logistics & Transportation

Year founded: 2015 • CEO: Byeolteo Park

Key backers: Bluepoint Partners, Lighthouse Combined Investment, SoftBank Ventures Asia, T-Investment

Shoppable Business

Shoppable Business plans to assist organizations in the Philippines with securing marked items by checking their genuineness. The startup works with more than 1,400 providers — crossing brands like Samsung, Adidas and Apple — and north of 300 purchaser organizations, it says. Shoppable brought $1.2 million up in a pre-seed financing round driven by Philippines-based Foxmont Capital Accomplices and Switzerland-based Seedstars.

Philippines

Category: E-commerce & Retail

Year founded: 2022 • CEO: Carlo Silva

Key backers: AHG Lab, Foxmont Capital Partners, Seedstars

Signet Therapeutics

Driven by previous specialists of Harvard Clinical School’s Dana-Farber Disease Establishment, Seal Therapeutics centres around making a medication that it says could turn into the world’s most memorable therapy for diffuse gastric malignant growth (a kind of stomach malignant growth). The startup, which has banded together with Chinese simulated intelligence drug disclosure organization XtalPi, likewise creates novel medications for different sorts of malignant growth.

China

Category: Biotechnology & Healthcare

Year founded: 2020 • CEO: Haisheng Zhang

Key backers: 5Y Capital, Blue Ocean Capital, Green Pine Capital, Leaguer Capital, Sky9 Capital, Tiantu Capital, XtalPi, Yayi Investment Management

Singular Medical

Settled in Suzhou, Particular Clinical creates heart screens, including an implantable defibrillator that it says can identify abnormalities in the patient’s pulse and apply an electric charge if necessary. Singular Medical asserts that the company’s defibrillator, the first manufactured in China, completed clinical trials in May.

China

Category: Biotechnology & Healthcare

Year founded: 2017 • CEO: Lichuan Ping

Key backers: Beijing PINS Medical, HWealth Capital, Kaizhan Equity Investments, Lotus Lake Capital, Marathon Venture Partners, Northern Light Venture Capital, Qiming Venture Partners, SDIC Unity Capital, SND Financial Holdings, Yuwell Group

Sleek

The goal of the digital accounting and registration tools offered by Sleek is to make the administrative difficulties that entrepreneurs face easier. Its starter bundle, valued at S$650 ($480), incorporates “limitless corporate secretary” support, similar to the readiness and documenting of yearly returns. With extra workplaces in Hong Kong, Australia and the U.K., Smooth cases it’s served 450,000 clients.

Singapore

Category: Finance

Year founded: 2017 • CEO: Julien Labruyere

Key backers: EDBI, Jungle Ventures, Seeds Capital, White Star Capital

Sourcy

Obtaining and planning operations startup Sourcy involves computer based intelligence to tailor item suggestions for retailers, expecting to assist organizations in Southeast Asia with finding moving products with high overall revenues. The startup professes to have north of 50,000 postings traversing home style, beauty care products, electronic adornments, and athletic equipment and that’s just the beginning.

Singapore

Category: Enterprise Technology

Year founded: 2021 • CEO: Karl Chan

Key backers: Black Kite Capital, Foxmont Capital Partners, Kaya Founders, Seedstars

Sprout Solutions

Sprout Arrangements, a Manila-settled SaaS startup, gives cloud-based HR innovation to Philippine organizations. The startup asserts its site and application upholds finance computerization and information-driven examination for managers, and assists them with disseminating compensation progress for workers. It has of late gotten a $10.7 million series B subsidizing round driven by Cercano Adventures.

Philippines

Category: Enterprise Technology

Year founded: 2015 • CEO: Patrick Gentry

Key backers: Acceleprise, AFG Partners, Beenext, BridgeSEA Capital, Cercano Ventures, Endeavor, EM Ventures, GSR Ventures, Integra Partners, Kickstart Ventures, Mynavi, Point72 Ventures, Wavemaker Partners

Stellapps Technologies

Intending to digitize India’s dairy inventory network, Stellapps’ IoT gadgets target milk assortment and cold chain stockpiling the executives. Additionally, it created MooOn, a wearable device that the company describes as a “Fitbit for cows” that monitors livestock activity levels and heat cycles. The company says it works with three million farmers.

India

Category: Agriculture

Year founded: 2011 • CEO: Ranjith Mukundan

Key backers: 500 Global, ABB Technology Ventures, Beenext, Bill & Melinda Gates Foundation, Blume Ventures, Celesta, IDH Farmfit, Nutreco, Omnivore, Qualcomm Ventures, VH Capital

Stemly

Stemly applies information science to assist with providing chain organizations with foreseeing venture market patterns, expecting to assist them with amplifying returns on their stock. Turned out from ING Singapore, the startup got a $2.5 million subsidizing round in 2021 driven by Elev8.vc and EDB New Pursuits.

Singapore

Category: Enterprise Technology

Year founded: 2020 • CEO: Sanjay Saini

Key backers: EDB New Ventures, Elev8.VC, FutureLabs Ventures, HH Investment, Resolution Ventures

Sudo Technology

Online protection startup Sudo Innovation utilizes secure processing, a united learning technique for preparing man-made intelligence models- and different advancements to upgrade information security for organizations in China. Additionally, Sudo asserts that its platform makes it possible for businesses to analyze their data without exporting it, thereby reducing the likelihood of data leaks or hacks.

China

Category: Enterprise Technology

Year founded: 2019 • CEO: Song Yimin

Key backers: GGV Capital, SCGC, Sequoia China, Shenzhen Merchants Venture Capital, Redpoint China

Syenta

A side project organization from the Australian Public College, Syenta fostered a multi-material 3D printer that can print utilizing metal, plastics, semiconductors and different materials. Syenta’s 3D printer permits organizations to make gadgets in-house, which saves time and safeguards their licensed innovation. In July last year, Syenta raised A$3.7 million ($2.4 million) in seed financing.

Australia

Category: Construction & Engineering

Year founded: 2022 • CEO: Jekaterina Viktorova

Key backers: Blackbird, Brindabella Capital, Jelix Ventures

TandemAI

TandemAI has developed a web-based platform that enables computational analysis-based visualization of related experiential data in order to lower the barrier to entry for more advanced drug discovery tools. The platform has been utilized by over fifty biotech firms in China and the United States, according to the startup.

China

Category: Biotechnology & Healthcare

Year founded: 2021 • CEO: Jeff He

Key backers: Chengwei Capital, Eight Roads Ventures, F-Prime Capital, Gordian Ventures, OrbiMed, Qiming Venture Partners

TANGGapp

TANGGapp, a web-based P2P instalment startup, works with global settlements from the U.S. to the Philippines. Clients can match up their telephone numbers with their TANGGApp account, permitting them to send and get cash from their other telephone contacts. The startup guarantees its instalment volumes have developed by multiple times since it was sent off quite a while back.

Philippines

Category: Finance

Year founded: 2020 • CEO: Rebecca Kersch

Key backers: Bolster Ventures, Foxmont Capital Partners, Goodwater, TEN13, Visible Hands

Telefield Medical Imaging

Telefield Clinical Imaging has created sans radiation 3D ultrasound imaging gadgets for scoliosis, a bend of the spine frequently tracked down in teenagers. Scoliosis, the company’s flagship product, has been clinically tested and used in hospitals and clinics in Australia, China, Germany, and Italy, according to the company. Telefield has so far brought about $13 million up in subsidizing.

Hong Kong

Category: Biotechnology & Healthcare

Year founded: 2012 • CEO: Margaret Han

Key backers: Alibaba Entrepreneurs Fund, Chindex Medical, Fosun Pharma, Gobi Partners, Hong Kong Polytechnic University

TipTip

Focusing on Southeast Asia’s maker economy, TipTip assists powerhouses in Indonesia with associating with fans and adapting their substance. Through TipTip’s site or application, powerhouses can lead livestreams, share selective substance for endorsers, offer passes to occasions and that’s only the tip of the iceberg. The startup claims to work with over 10,000 content creators and has raised over $23 million.

Indonesia

Category: Consumer Technology

Year founded: 2021 • CEO: Albert Lucius

Key backers: East Ventures, SMDV, Vertex Ventures

Tookitaki

The AI-powered platforms that regulatory technology startup Tookitaki provides to banks and other providers of financial services aim to identify and prevent money laundering. The startup investigates information to hail dubious exchanges, high-risk clients and different markers of expected monetary wrongdoing. Tookitaki asserts that it has monitored more than $3 billion worth of transactions for clients such as Tencent and UOB.

Singapore

Category: Finance

Year founded: 2014 • CEO: Abhishek Chatterjee

Key backers: Blume Ventures, Faktory Ventures, Rebright Partners, Seeds Capital

Twoplus Fertility

Y Combinator graduate Twoplus Richness gives ripeness arrangements, for example, insemination units, for couples to use at home. Twoplus, which used to be Hannah Life Technologies, also sells meal kits and hormone tests. The startup works in Singapore and the U.K., and claims its income has developed by north of ten times since its establishment quite a while back.

Singapore

Category: Biotechnology & Healthcare

Year founded: 2019 • CEO: Prusothman Raja

Key backers: Anthro Ventures, Enterprise Singapore, Golden Gate Ventures, Monk’s Hill Ventures, MTA2, Scout Fund, Y Combinator

Unravel Carbon

Unravel Carbon, a Singapore-based startup in climate technology, uses AI to assist businesses in tracking accounting data and carbon emissions data. It additionally gives direction on diminishing outflows. The startup claims it works with more than 60 organizations across 30 nations, including clients like internet-based design retailer Zalora and automaker Mercedes-Benz. One year from now, Disentangle Carbon expects to extend to the U.S.

Singapore

Category: Enterprise Technology

Year founded: 2021 • CEO: Grace Sai

Key backers: Alpha JWC Ventures, Amasia Fund, Future Shape, Global Founders Capital, Pareta Ventures, Rebel Fund, Peak XV’s Surge, XA Network, Y Combinator

Wrist check

Wristcheck, based in Hong Kong, resells luxury watches on consignment. Through Wristcheck’s site, planned purchasers can peruse north of 1,300 things or book viewings at the startup’s actual customer-facing facade. Wristcheck offers variable rates (up to 12%) for its resales, and in cases around 43% of its paying clients are younger than 30.

Hong Kong

Category: E-commerce & Retail

Year founded: 2020 • CEO: Austen Chu

Key backers: Alibaba Entrepreneurs Fund, Gobi Partners, K3 Ventures

Xiaoying Technology

Xiaoying Innovation involves PC vision innovation for micromorphology, a field including the utilization of magnifying lenses to test, dissect and analyze conditions in cells. Its computer-based intelligence-fueled clinical stage incorporates an instrument for clinicians and specialists to rapidly separate between sorts of platelets, which the startup claims are over 95% precise.

China

Category: Biotechnology & Healthcare

Year founded: 2018 • CEO: Li Bairui

Key backers: 3E Bioventures, Miracle Plus, ZGCCity, ZhenFund

Xurya

As an environmentally friendly power startup, Xurya rents sunlight-based chargers to organizations in Indonesia. The design, operation, and upkeep of the solar panels are among the 128 installations that the start-up claims to have completed thus far. Xurya’s boards can deliver somewhere in the range of 25% and 30% of a business’ power utilization, the startup claims.

Indonesia

Category: Construction & Engineering

Year founded: 2018 • CEO: Gusmantara Himawan

Key backers: AC Ventures, Clime Capital, Crevisse, East Ventures, GoTo, Mitsui & Co., New Energy Nexus, Prasetia Dwidharma, Saratoga Investment, Sermsang Power Corp., Schneider Electric

Forbes Report credit for this report and contributions

• Edited by Catherine Wang
• Editing assistance and reporting by John Kang
• Research assistance and reporting by Yue Wang
• Additional reporting by Jayde Cheung, Zinnia Lee, Shanshan Kao, Ming Min Aw Yong