The Co-founders of Epilso
Surge, Sequoia Capital India’s rapid scale-up programme for startups in Southeast Asia and India, has announced the names of the 17 early-stage startups selected for its 4th batch.
They span a wide range of sectors, including edutech, fintech, SME tech, devtools, consumer, healthtech and B2B marketplaces.
Among them, four are from Southeast Asia.
Eleven of the 17 companies are building for cross-border markets, pushing beyond their geographical borders since their launch. Several are digitising and disrupting traditionally offline industries such as logistics, automotive and insurance.
Like Surge 03, Surge 04 will run entirely online till March 2021.
As with previous cohorts, founders receive US$1-2 million from Surge early on to start hiring and building their product immediately to gain a competitive advantage.
The batch-4 startups have collectively raised US$45.35 million in funding from both Surge and other investors.
Also Read: Meet the 8 Southeast Asian startups receiving US$1-2M each from Sequoia’s Surge programme
“This cohort is a reflection of how the region’s startup ecosystem will look and think for the next few years — possibly impacting entire economies. Businesses going beyond home markets, thinking digital-first and leveraging technology to solve problems at scale for industries around the world. It’s incredible to be a part of this growth story,” said Rajan Anandan, Managing Director, Sequoia India.
Below is a snapshot of the four Southeast Asian startups:
Tazapay: A Singapore-based platform for cross-border commerce with a focus on SMBs.
Aampe: A Singaporean startup that produces an automated testing tool that allows messaging to be personalised for the individual customer, driving better retention.
Otoklix: An Indonesian digital platform serving the automotive aftermarket sector by providing online to offline solutions for car services.
Epsilo: A Singapore-headquartered SaaS company that helps e-commerce marketers and category managers deliver effective advertising operations across online retail platforms in the region.
Also Read: Due diligence meets imagination: How SGInnovate plans to further support the deep tech ecosystem
Applications for Surge 05 2021, which kicks off in May 2021 are now open.
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Image Credit: Photo by Austin Distel on Unsplash
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