Region's VC, PE to double to US$70b by 2024: Bain report

Singapore

SOUTH-EAST Asia's booming venture capital and private equity market is poised to see deal value soar to US$70 billion over the next five years, doubling that of the previous five years, according to consultancy Bain & Co's report released on Monday.

The region will also produce at least 10 new unicorns - new companies that rapidly achieve market valuations of US$1 billion or more - by 2024, going by the report.