Besides the similarities in business models, these two companies have something else in common — they are part of a growing wave of tech start-ups in the region gaining large amounts of fundraising from PE investors.
Challenges such as ease of exit remain, but Southeast Asia private equity deals continue to trend up
Southeast Asia is home to an increasing number of fast-growing tech unicorns. On Dec 1, 2021, car marketplace Carro reportedly raised US$100 million ($136.48 million) from a number of investors, according to regulatory filings. Meanwhile, its Malaysian counterpart Carsome is seeking to raise US$200 million, Bloomberg sources said.
