Summary:
Forbes Asia released its fourth annual "100 to Watch" list, spotlighting the most promising startups in Asia-Pacific.
These companies have collectively raised over $2 billion in funding and are driving innovation in industries like spacetech, biotech, and robotics.
The list includes startups tackling diverse challenges, such as financial inclusion and reaching new consumer markets through digital channels.
India leads the pack with 20 companies on the list, followed by Singapore, mainland China, Japan, and Indonesia.
To qualify for the list, companies had to meet specific criteria, including being privately owned, headquartered in the Asia-Pacific region, and having limited revenue and funding.
Asia's 100 To Watch: A Spotlight On Rising Startups
Forbes Asia has released its fourth annual list of 100 To Watch, showcasing the most promising startups across the Asia-Pacific region. These companies, collectively attracting over $2 billion in funding, are making waves in industries like spacetech, biotech, and robotics.
From cutting-edge cell therapies to AI navigation systems for space exploration, the list represents a diverse range of innovative solutions. These startups are tackling critical issues like financial inclusion and tapping into new consumer markets through digital channels.
India leads the pack with 20 companies on the list, followed by Singapore (15), mainland China (10), Japan (9), and Indonesia (8). This diversity highlights the vibrant startup ecosystem flourishing across the region.
To qualify for the 100 To Watch list, companies had to meet specific criteria:
- Be headquartered in the Asia-Pacific region
- Be privately owned for-profit ventures
- Have no more than $50 million in annual revenue
- Have no more than $100 million in total funding
Forbes Asia editors meticulously evaluated each submission, focusing on factors like:
- Impact on and contribution to their industry and region
- Market fit
- Promising business model
- Innovation
- Track record of consistent revenue growth
- Ability to attract funding
The 100 To Watch list provides a glimpse into the future of the Asia-Pacific startup landscape. These companies are pushing boundaries, creating jobs, and driving economic growth, showcasing the region's potential for innovation and entrepreneurial spirit.
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