(Supplied photo)Indonesia-based Kejora Ventures, one of the most active startup accelerators and investors in Southeast Asia, is looking to unite the region's tech entrepreneurs to increase their competitiveness and find those rare unicorns that could be lurking. Mr Togelang, formerly an e-payment specialist with Deutsche Bank, said Asean's growth rate was his main reason for deciding to create a tech startup accelerator in Southeast Asia. They need to have the money in their pockets to buy things online, and Southeast Asia is on the right track." There is certainly similarity between where the region is and when unicorns started to pop up in China and we see the same thing happening now in Southeast Asia. The unicorns are coming," he said, referring to startups that achieve a valuation of US$1 billion or more.

Source: Bangkok Post April 17, 2017 06:56 UTC