Number of exits by South-east Asian startups rises for third year running

Singapore

STARTUP exits in South-east Asia have grown in number for the third year running this year, with nearly 200 exits forecasted to take place by year's end, an inaugural study on the region's tech, startup, funding and regulatory ecosystem, has said.

The report, titled State of South-east Asian Tech, was unveiled this week ahead of Slush, the Finland-founded tech startup conference that will take place in Singapore on Friday.

The report is the joint work of Singapore-based venture-capital firm Monk's Hill Ventures and startup community platform Slush Singapore.

It noted that as at June 2018, two South-east Asian startups had exited through initial public offerings (IPOs), a…