Momentum Works
Southeast Asia e-commerce up 15 pct on year to $114.6B GMV in 2023
Total gross merchandise value (GMV) of Southeast Asia’s 8 leading ecommerce platforms rose to $114.6 billion in 2023, up 15 percent from 2022, according to Momentum Works “Ecommerce in Southeast Asia 2024” report released on Monday.
Southeast Asia’s total food delivery spend on platforms grow 5 percent on year to $17.1B in 2023
Southeast Asia’s total food delivery spend on platforms grew a modest 5 percent year on year to reach $17.1 billion in 2023, mirroring the growth rate observed in 2022, Momentum Works said Tuesday. The growth was driven primarily by the region’s smallest food delivery market, Vietnam (+27 percent), followed by Malaysia (+9 percent).
Southeast Asian tech startups raises $10.4B in 2022 despite global slowdown
Southeast Asian tech startups raised $10.4 billion in 2022, the third strongest year on record and on par with the pre-pandemic investment levels, said a report revealed by Momentum Works and Cento Ventures on Tuesday.
