ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Startups

Southeast Asian unicorns' appetite for acquisitions grows

Go-Jek, Grab and Tokopedia are driving exits of regional startups

A Go-Jek logo is pictured in their office in Singapore.    © Reuters

JAKARTA -- The latest acquisitions in South and Southeast Asia - Indonesian e-commerce unicorn Tokopedia buying wedding marketplace Bridestory and Gojek doubling down on India by acquiring recruitment platform AirCTO - highlight how unicorns have emerged as the biggest drivers of exits in the region.

On Monday, Singapore’s Trax announced the acquisition of US-based rewards app Shopkick, reaffirming the buyout appetite of the region's unicorns as they seek faster growth.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more