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Upmesh was launched nine months ago by Wong Zi Yang, Soh Jan, Nhat Vu and Shawn Teow, and is now used by almost 300 live commerce merchants in Singapore, Malaysia and the Philippines. If we look at an interesting comparison to the U.S., The startup says it processes annualized gross merchandise value of $40 million.
Supermom , a parenting platform with 20 million users in six Southeast Asian countries, offers parents price comparisons, communities and the chance to earn money by completing surveys. Supermom currently has a presence in Indonesia, Malaysia, Singapore, Vietnam and Thailand, and plans to expand into more markets.
By comparison, the top quartile of global VC and private equity funds launched around the same time have a TVPI of 2.4x, according to data from Cambridge Associates. Lin said that many of AppWorks accelerator graduates over the past three to five years are from Singapore, Malaysia, Vietnam and, increasingly, Indonesia and the Philippines.
If you stay only in Singapore, Malaysia or even Vietnam, you will not be a large enough business and make the impact you want to make. In comparison, at the same funding stages, CTO’s median salary increased from $3,300 to $7,550 respectively. It also lays the groundwork for regional expansion.
Singapore and Malaysia, so it wants to go deeper into Europe more broadly and into more of Asia Pacific, he said. Barnes added that the funding will be used to expand further in existing markets. Based out of Brisbane, Australia, Go1 has offices in London, the U.S.,
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