Startup fever in Southeast Asia and its implication for India to improve indispensable public services(14)

Implication of Southeast Asia's startup fever for India to improve public services

Overall assessments on criteria encompassing maternal mortality ratio, share of seats in parliament and labor force participation ratio of India turned out alarmingly low. This result clearly demonstrates the homework lying in the bottom of the Indian society. 

Startups armed with progressive social awareness can play significant roles in dissolving the messy fundamental public services especially those in education and health for the future of their country. This is none other than a right time for startups in India should open their eyes to Southeast Asia and try to learn the best lessons from their neighbors.

Recent startup boom across Southeast Asia(2)

Recent startup boom across Southeast Asia

According to Tech in Asia , startups in Southeast Asia were awarded with as much as $10.9 billion in investment in 2018. This figure is over 30% higher than the total startup investment of $7.9 billion in 2017. This is far startling because investment in Southeast Asian startups failed to reach even $1 billion in 2013. 

Consequently, 10 unicorns  have been emerged in the region. VNG, an online game platform in Vietnam and Go-Jek, an Indonesian application-based ride-hailing service provider are renowned digital players.

Startup fever in Southeast Asia and its implication for India to improve indispensable public services(1)

Startup fever in Southeast Asia and its implication for India to improve indispensable public services

Startup boom deserves to be named as one of the hot issues in Southeast Asia these days. Startup markets across Southeast Asia have been rapidly gaining momentums. 

As a matter of fact, locally born leaders of the digital economy such as Grab in Malaysia which acquired the Southeast Asian business unit of Uber in early 2018 have been acclaimed for changing the conventional industrial map in the region.