The Asia-Pacific startup scene includes 475 unicorns, with China's ByteDance at the top with a $300 billion valuation. The region's top companies span industries from social media to financial technology.
India's Reliance Retail follows with a valuation of $101 billion. Australia's design platform Canva also makes the top ten, valued at $42 billion.
Below is the full list of 475 APAC unicorn startups at this time.
Top 10 Most Valuable APAC Unicorns
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2,189 Accelerators & Incubators
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1,600+ Unicorns
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250 BioTech & Health Investors
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250 AI Investors
List of 250 startup investors in the AI and Machine Learning industries, along with their Twitter, LinkedIn, and email addresses.
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250 Fintech Investors
List of 250 startup investors in the FinTech and Finance industries, along with their Twitter, LinkedIn, and email addresses.
Get the Sheet for $50ByteDance develops a portfolio of content platforms that serve entertainment and information to a global audience. They are the creators of TikTok, the viral short-form video app that has become a cultural force.
| Valuation | $300B (Joined April 2017) |
| Headquarters | Beijing, Beijing, China |
| Year Founded | 2012 |
| Founders | Rubo Liang, Yiming Zhang |
| Funding Amount | $9.5B |
| Company Size | Enterprise Organization (5,001+) |
| Last Funding Status | Private Equity |
| Top Investors | HSG, New Enterprise Associates, General Atlantic, Sequoia Capital, Morgan Stanley |
Ant Group develops technology platforms that give consumers and small businesses access to a wide range of financial services. They are best known for creating Alipay, one of the world's largest mobile and online payment platforms.
| Valuation | $150B |
| Headquarters | Hangzhou, Zhejiang, China |
| Year Founded | 2014 |
| Founders | Jack Ma |
| Funding Amount | $28.5B |
| Company Size | Enterprise Organization (5,001+) |
| Last Funding Status | Series C |
| Top Investors | Sequoia Capital, Temasek Holdings, BNP Paribas, General Atlantic, Warburg Pincus |
Reliance Retail runs India's largest and most diverse retail network, with stores and digital platforms covering everything from groceries to consumer electronics. Their portfolio brings together a wide range of consumer-facing brands that have become household names across the country.
| Valuation | $101B |
| Headquarters | Mumbai, Maharashtra, India |
| Year Founded | 2006 |
| Founders | Mukesh Ambani |
| Funding Amount | $8.3B |
| Company Size | Enterprise Organization (5,001+) |
| Last Funding Status | Private Equity |
| Top Investors | TPG, Silver Lake, GIC, General Atlantic, Abu Dhabi Investment Authority |
Shein created a massive online marketplace for fast fashion, offering a wide selection of apparel, beauty products, and home goods. Their platform is famous for its incredibly low prices and a constant stream of new, trend-driven items.
| Valuation | $66B (Joined July 2018) |
| Headquarters | Singapore, Central Region, Singapore |
| Year Founded | 2008 |
| Founders | Chris Xu, Yangtian Xu |
| Funding Amount | $4.1B |
| Company Size | Enterprise Organization (5,001+) |
| Last Funding Status | Private Equity |
| Top Investors | Tiger Global Management, Mubadala, General Atlantic, IDG Capital, HSG |
Reliance Jio operates one of India's largest mobile networks, offering affordable 4G data and digital services to a massive consumer base. The company has built an extensive digital ecosystem that includes everything from streaming media and payment apps to broadband connectivity.
| Valuation | $58B |
| Headquarters | Mumbai, Maharashtra, India |
| Year Founded | 2010 |
| Founders | Mukesh Ambani |
| Funding Amount | $28.4B |
| Company Size | Enterprise Organization (5,001+) |
| Last Funding Status | Corporate Round |
| Top Investors | Vista Equity Partners, Citi, HSBC, TPG, General Atlantic |
Canva created a popular online design and visual communication platform. Their tools empower non-designers to produce everything from social media posts to professional presentations.
| Valuation | $42B (Joined January 2018) |
| Headquarters | Sydney, New South Wales, Australia |
| Year Founded | 2013 |
| Founders | Cameron Adams, Cliff Obrecht, Melanie Perkins |
| Funding Amount | $2.5B |
| Company Size | Enterprise Organization (5,001+) |
| Last Funding Status | Private Equity |
| Top Investors | General Catalyst, 500 Global, Bessemer Venture Partners, Bond, Franklin Templeton |
Alibaba Bendi Shenghuo Fuwu Gongsi operates as a holding company for on-demand local services. They manage two of China's major platforms, the food delivery service Ele.me and the restaurant guide Koubei.
| Valuation | $30B |
| Headquarters | Beijing, Beijing, China |
| Year Founded | 2018 |
| Founders | Mohd Fairuz Razi bin Sharuddin |
| Funding Amount | $4B |
| Company Size | No Data |
| Last Funding Status | Private Equity |
| Top Investors | SoftBank Vision Fund, Ant Group, Primavera Capital Group, Alibaba Group |
Yangtze Memory Technologies develops and manufactures 3D NAND flash memory chips for the global semiconductor market. Their technology powers a variety of devices, including enterprise servers and consumer electronics.
| Valuation | $23B |
| Headquarters | Wuhan, Hubei, China |
| Year Founded | 2016 |
| Founders | Simon Yang |
| Funding Amount | CN¥50.6B |
| Company Size | Enterprise Organization (5,001+) |
| Last Funding Status | Undisclosed |
| Top Investors | Hubei Changsheng Development, Wuhu Wenming Quanhong Investment Management, Changjiang Industrial Investment Group, China Integrated Circuit Industry Investment Fund (CICF) |
BYJU'S builds an educational technology platform that delivers personalized learning programs for K-12 students. They are recognized for their comprehensive app which features video lessons and interactive exercises to help students master academic concepts.
| Valuation | $22B |
| Headquarters | Bangalore, Karnataka, India |
| Year Founded | 2011 |
| Founders | Byju Raveendran, Divya Gokulnath |
| Funding Amount | $6.3B |
| Company Size | Enterprise Organization (5,001+) |
| Last Funding Status | Private Equity |
| Top Investors | Peak XV Partners, Bond, BlackRock, Lightspeed Venture Partners, B Capital |
Envision Group develops smart wind turbines and provides digital solutions for managing renewable energy assets. Their AIoT operating system helps connect and manage a wide range of green energy infrastructure, from wind farms to electric vehicle charging networks.
| Valuation | $21B |
| Headquarters | Shanghai, Shanghai, China |
| Year Founded | 2007 |
| Founders | Allan To, Lei Zhang |
| Funding Amount | $2B |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Series B |
| Top Investors | GIC, HSG, Primavera Capital Group |
The Remaining 465 APAC Unicorns
The top ten companies are just a small sample of the growth happening across the Asia-Pacific. Hundreds of other startups are also finding success, some by creating new markets from scratch. Many of these new unicorns are in fields like mobility and fintech, but the list covers a wide range of industries. Here’s a look at the other companies shaping the region's startup scene.