100 Startups to Spotlight in Asia (Forbes Asia 100)

This year, Forbes Asia has once again released its list of 100 startups. Despite the decline in venture capital investments in the Asian market, it's worth noting the rise of small businesses overcoming challenges with profitability and technological capabilities.

The list includes companies from 16 different countries and regions, spanning 10 industries like enterprise technology, robotics, finance, manufacturing, and energy. India, known for its thriving startup scene, leads the way with 20 companies, followed by Singapore with 15, mainland China with 10, Japan with 9, and Indonesia with 8.

In this article, we have listed the 100 startups selected by Forbes Asia, organized by country.

(Source : Forbes Asia 100 To Watch 2024)

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Australia (6)

1. Advanced Navigation : Advanced Navigation provides industry-leading inertial navigation systems and robotics technologies for sea, land and air.
2. Goterra : Goterra's modular waste management systems use insects to process food and organic waste, converting it to sustainable protein and fertiliser.
3. Great Wrap : Great Wrap is a B Corp certified material science company that manufactures compostable stretch wrap.
4. Hello Clever : The first Australian buy-to-earn platform that makes shopping, payments, and money management easier for all.
5. JigSpace : JigSpace is the interactive 3D presentation software that anyone can use to create immersive AR demonstrations and rich product stories.
6. Relevance AI : Enabling anyone to build autonomous AI teams and put their processes on autopilot.

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Bangladesh (2)

1. iFarmer : Become an urban farmer and help Bangladeshi Farmers by funding agriculture and livestock farming.
2. Tiger New Energy : Tiger New Energy is committed to providing accessible clean mobility solutions in emerging countries.

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China (10)

1. Bebest Automotive Electronics : Bebest focuses on intelligent chassis braking, steering, and suspension systems, achieving significant progress in the intelligent chassis sector.
2. Epigenic Therapeutics : Epigenic Therapeutics is a frontier biotechnology company dedicated to developing next generation gene editing therapy utilizing regulation of epigenetic genome for a variety of diseases.
3. FancyTech : FancyTech provides an innovative AI platform that effortlessly turns product images into captivating, viral videos, taking your visuals from flat to fancy.
4. GalaXea AI : Galaxea AI is at the forefront of developing "multi-type brain" embodied intelligent robots.
5. MoleculeMind : MoleculeMind is bringing revolutionary changes to protein discovery, optimization and design through top-level AI algorithms to accelerate the entire process of drug research and development.
6. PhiGent Robotics : PhiGent Robotics specializes in the R&D of next-generation intelligent driving solutions centered on visual 3D understanding.
7. Sirius Therapeutics : Sirius Therapeutics is an innovative biotechnology company that focuses on RNAi therapies for cardiovascular diseases.
8. SuperPanther Power Technology : Super Panther is a Chinese technology business that focuses on the new energy commercial vehicle market.
9. Udeer AI : Udeer AI focuses on the field of large models and embodied intelligence, relying on its second-generation embodied intelligence technology.
10. Yuan Planet : Yuan Planet is an e-commerce platform that provides second- hand auto parts.

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Hong Kong (4)

1. EggLogics : EggLogics is to ease the stress of fertility treatment and increase IVF success rates with our cutting-edge, EggCellent technology.
2. Great Bay Bio : Great Bay Bio (GBB) is an innovative biotech company with a vision to make Global Bioprocessing Simpler and more Efficient.
3. isBIM : isBIM Limited is a construction technology & BIM leader in Asia Pacific, engaging over 2000 projects worldwide.
4. WATI : Trusted by the fastest growing brands in over 78 countries. Wati is the #1 end-to-end WhatsApp API solution for SMBs across the globe.

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India (20)

1. Accacia : Accacia is an AI-enabled platform to help real estate and infrastructure companies (developers, asset managers, financial institutions, operators, and governments) meet their net-zero goals.
2. Agnikul Cosmos : Agnikul Cosmos is building launch vehicles capable of taking micro and nanosatellites to Low Earth Orbit, on-demand.
3. Airblack : Learn makeup, beauty and culinary skills from India's top experts and get professionally certified.
4. Alyve Health : Alyve Health is a visionary health tech platform, where users experience step-by-step guidance for preventive well-being, outcome-based programs, and assured and trusted medical care support.
5. Ati Motors : Discover Ati Motors' innovative autonomous robots designed to seamlessly integrate into your workspace, enhancing safety and efficiency.
6. Digantara : Digantara is a space situational awareness company that is developing an end-to-end infrastructure to address the difficulties of space operations and space traffic management.
7. Digivriddhi Technologies : India's First Integrated Dairy Fintech, Insurtech and Marketplace Platform, DGV Aims to Nurture Entire Dairy Eco System thereby enhancing the Livelihood for Dairy Farmers.
8. EF Polymer : EF Polymer created a solution that would promote sustainable agriculture, save natural resources, and help farmers grow a better yield.
9. ElectricPe : Buy your dream EV. Enjoy a smooth buying journey with exclusive offers on financing, accessories and home delivery.
10. EMotorad : EMotorad (EM) is an electric vehicle company that strives to bring futuristic ebikes at an affordable price for adventure seekers, daily commuters.
11. Entropik : Discover how Entropik's AI-powered market research delivers customer insights 4x faster.
12. Fyllo : Fyllo helps farmers take precise decisions and increase farm productivity.
13. indiagold : Avail indiagold's gold loan services at 0.8%* interest rate.
14. LightMetrics : Discover the intersection of safety and savings with AI-powered video telematics. Protect fleets from nuclear verdicts and promote safer driving.
15. Orangewood Labs : Orangewood builds AI-powered robotic arms that are simple to operate. We make collaborative robots safe and affordable.
16. Plum : Plum is the ultimate smart money app, helping over 1 million people to invest, save and manage their spending with automation.
17. Sarvam AI : Building full-stack generative AI for population scale.
18. SpotDraft : SpotDraft is a contract automation and management software built for businesses of all sizes.
19. Varaha : Reversing climate change through conscious nature-based interventions
20. Virohan : Virohan is India's best institute for healthcare and paramedical diploma, advanced diploma, B Voc courses

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Indonesia (8)

1. ESQA Cosmetics : The first and leading Vegan cosmetics brand in Indonesia that provides premium quality makeup to enhance your natural beauty.
2. Gravel : Services providing quality builders for the construction and renovation of buildings, public facilities and infrastructure.
3. Little Joy : Little Joy Indonesia is the fastest-growing Mom and Baby brand providing the holistic ecosystem for the first 1000 days of children’s development and growth.
4. McEasy : With McEasy, we can monitor our fleet digitally through our mobile phones, which greatly facilitates us.
5. Paper.id : Manage Your Business Invoices & Payments Digitally, Simple & Automatically. Pay suppliers & vendors by any method what you want.
6. Proglix : Indonesia's Top Sourcing Platform for Metal & Steel Raw Materials
7. Rukita : No.1 property management in Indonesia. Creating quality housing for all phases of life.
8. Swap Energi Indonesia : Southeast Asia's largest integrated electric vehicle ecosystem through mobility and IoT that connects with battery, swapping stations and e-motorcycles

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Japan (9)

1. AI Medical Service : AI Medical Service is a Tokyo-based start-up dedicated solely to the development and distribution of endoscopic artificial intelligence (AI).
2. ArkEdge Space : ArkEdge Space builds a business model that responds to all kinds of space business, enabling anyone to develop and use space.
3. Cellid : Blending the Physical and Digital Worlds. We create a display module and display driver to expand the potential of augmented reality.
4. enechain : enechain is a startup operating the largest energy marketplace in Japan. From electricity to fuels to environmental values.
5. EV Motors Japan : EV Motors Japan develops electric vehicles and charging stations including buses, trucks, trikes, special vehicles, and so on, by utilizing storage batteries.
6. FastLabel : FastLabel is a platform designed to offer annotation services indispensable for the practical application of AI.
7. Morus : Morus supply silkworms as sustainable food ingredients at scale.
8. Ookuma Diamond Device : Ookuma diamond Device consolidates and implements technology that transcends organizational boundaries through the decommissioning project of the Fukushima Daiichi Nuclear Power Plant.
9. TeraWatt Technology : Pioneering the Manufacturing of Lighter, Smaller, More Powerful, and Safer Lithium-Ion Batteries at Scale

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Malaysia (4)

1. Applecrumby : Applecrumby® is an e-commerce platform looking for Safe, Natural and Organic products for babies.
2. iMotorbike : Buy & sell used motorbikes online in Malaysia fast, easy & safe.
3. LiveIn : LiveIn is a hospitality company that offers long term room rental in Malaysia
4. Paywatch : Paywatch empowers employees to have early access to their earned salary through our employee benefit solution developed in partnership with reputable banks.

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New Zealand (2)

1. Emerge Group : A better business account. Made for you. Open your digital-first business current account in 7 minutes. No fees, no paperwork, no hassle.
2. KiwiFibre : KiwiFibre turns plants into race cars, snowboards, and almost anything you can imagine.

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Pakistan (2)

1. DealCart : Explore a diverse range of products at DealCart.io, including groceries, clothing, fashion, mobile accessories, personal care, and more.
2. NayaPay : One wallet for all your everyday payments. Send money, pay bills, chat with friends and shop worldwide with a free Visa debit card.

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Philippines (3)

1. Lista : Lista is a fast-growing, venture-backed financial technology company, on a mission to help 110 million Filipinos make financial progress.
2. Mober : Mober has the most comprehensive, sustainable and streamlined logistics so your customers benefit from same-day last-mile delivery across the Philippines.
3. Zed : Zed provides credit cards that are an effective way to use no interest, no international transaction fees, and unlimited virtual cards.

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Singapore (15)

1. Aliena : Aiming at providing high-resolution data to terrestrial businesses by enabling a fleet of imaging satellites to fly closer to the Earth using our proprietary electric propulsion engines.
2. Bluesheets : Bluesheets connects and automates your financial data across your favourite platforms.
3. Botsync : Autonomous robotics solution for pallet and trolley movement in warehouses and factories in South East Asia and India.
4. ecoSPIRITS : A circular economy technology company that has developed the world's first low carbon, low waste packaging system for premium spirits and wine.
5. Fluid : Fluid provides fast and secure B2B payment processing, reduces payment delays and streamlines financial transactions between buyers and sellers.
6. Graas : Graas is a technology solution provider using predictive AI to turbo-charge growth for eCommerce businesses.
7. HitPay : The all-in-one payment platform for SMEs. HitPay helps over 15,000 businesses across Southeast Asia and around the globe process payments efficiently.
8. Jenfi : Jenfi provides founder-friendly revenue-based financing and payment solutions to rapidly grow startups and digital businesses in Southeast Asia.
9. K-ID : First-of-its-kind global compliance engine that makes it easy for game developers and parents to ensure the safety and privacy of kids and teens
10. Mesh Bio : Health Intelligence Platform for Better Patient Care. Systems biology and predictive analytics engine that transforms care delivery for healthcare providers.
11. NEU Battery Materials : NEU Battery Materials has developed the world’s first electrochemical lithium-ion battery recycling technology, providing a greener, scalable, and commercially viable alternative to conventional processes today.
12. Neurowyzr : Neuroscience clinic that's composed of brain health consultants who specialize in brain screening and other procedures
13. SaladStop! Group : SaladStop! is a leader in providing fresh, healthy salads, wraps, warm protein bowls, and activated smoothies.
14. SquareX : SquareX helps organizations detect, mitigate and threat-hunt web attacks happening against their users in real-time
15. Tazapay : Tazapay is a Singapore-based fintech company, designed to redefine the cross-border payment experience.

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South Korea (7)

1. Bitsensing : Bitsensing designs and develops cutting-edge imaging radar technology solutions for the ultimate smart cities and connected experience.
2. Caring : A Korean nursing care company. Free 1:1 nursing consultation with a veteran with 10 years of experience and long-term care level application consultation are available.
3. Mine.is : Mine.is is a startup that operates a used fashion shopping service called Charan.
4. Neubility : Neubility’s mission is to automate urban sidewalks by running cost-effective, on-demand robot delivery services.
5. Techtaka : Start fast and accurate logistics management with Argo, including fulfillment, guaranteed arrival, today’s departure, and Amazon warehousing.
6. Travel Wallet : Travel Wallet is a developer of an application platform that provide digital fee-free overseas payments when traveling abroad.
7. Waddle : An engagement solution that talks with customers and understands them, from conversation to data analysis and user targeting.

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Taiwan (1)

1. PopChill : PopChill is a second hand luxury marketplace powered by AI authentication technology.

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Thailand (3)

1. Hungry Hub : Hungry Hub is Thailand #1 dining app for special occasions with deals from over 1400 leading restaurants and hotels.
2. Roojai : Simple, affordable and reliable online insurance in Thailand. Get your insurance quote in 60 seconds and get insurance coverage in just a few minutes.
3. Simplus : Simplus takes root in the Southeast Asian market and is dedicated to manufacturing high-quality home appliances.

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Vietnam (4)

1. Ecomobi : Explore Ecomobi, a leading performance marketing company specializing in affiliate and influencer marketing for brands and creators.
2. M Village : M Village is a living space that provides modern residents with shared living and working spaces in Vietnam.
3. Selex Motors : At Selex Motors, we are on a transformative journey to revolutionize sustainable transportation through our cutting-edge battery swapping network.
4. Vuihoc : Vuihoc.vn is the number 1 trusted online learning platform accompanying millions of students in all parts of the country.

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(Source : Forbes Asia 100 To Watch 2024)