TOKYO -- Southeast Asia is seeing a rush of fundraising by local startups driven by "megarounds" worth more than $100 million, a trend that is pushing the region's veteran venture capital firms to deploy more firepower.
Investment in the region's technology startups rose more than threefold last year, driven by Asian tech giants and other deep-pocketed backers. The $2 billion raised by Singapore-based ride-hailing company Grab this year would appear to show that investor appetite has not cooled.
