500 Southeast Asia
328 North Bridge Road #02-24A Raffles Hotel Arcade, Singapore, 188719
Overview
500 Southeast Asia is a 500 Startups’ family of funds dedicated to the region. The 500 Southeast Asia funds have backed more than 250 companies across multiple sectors from consumer internet to deep technology, including Grab, Bukalapak, Carsome, and Carousell. It connects founders with capital, expertise, and powerful regional and global networks to help them succeed.
- Total investments
- 2
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 3
Sector focus
- Finance
- Financial Services
- Venture Capital
Investment portfolio
- Boxo
Participated · Series A · Feb 2022
Appboxo provides a Miniapp SaaS platform (with SDKs and APIs) and a marketplace that lets developers build or integrate mini-apps into larger super apps. It also offers Shopboxo, a product launched about a year ago that enables businesses to create customizable online stores from mobile devices in under 30 seconds. The company powers more than 400 mini-app integrations (mostly built by third-party developers) and is used by 10 super apps across Southeast Asia, India and South Africa, with a combined user base of over 500 million. Appboxo’s clients include GCash, Paytm and VodaPay, and the platform is primarily used for e-commerce integrations. The startup plans to scale the number of mini-apps into the thousands by expanding its merchant base of SMEs and to grow its international presence starting in the Asia‑Pacific region, then into Europe and the United States. Recent funding will be used to further develop Shopboxo and expand the merchant ecosystem. Appboxo is a Singapore-based startup that offers a platform and SDK to allow any developer to turn their app into a mini-app and enable host apps to act as super apps. The platform simplifies integration by letting native app developers plug third-party mini-apps into host apps and helps guide business and development partnerships. Appboxo currently works with about 10 host apps, including Booking.com, Klook and Zalora, and has roughly 80 mini-apps on its platform. The company was founded in 2019 by CEO Kaniyet Rayev and CTO Nursultan Keneshbekov while participating in Antler’s Singapore incubator program. Many of its current users are in Southeast Asia, it already has partners in Europe, and it plans to target India. Appboxo positions itself to broaden access to mini-app ecosystems that are today largely siloed within single companies or apps.
- Clinikk
Participated · Series A · Nov 2021
Clinikk is a full-stack healthcare solution provider that pairs affordable health insurance with accessible primary care via physical health hubs and telehealth. The company says it operates a profitable primary healthcare footprint and plans to use new funds to expand that footprint. Management intends to invest in development of technological capabilities and to launch new products. Clinikk aims to scale its services to different geographies beyond its current markets. Co‑founded by Bhavjot Kaur (CEO) and Dr. B Suraj Baliga (COO), the team has 114 employees, the majority based in Bangalore. The company serves more than 41,000 subscribers and has handled over 100,000 consultations. Clinikk integrates outpatient care and health insurance on its platform, offering family health insurance coverage and unlimited digital outpatient (OPD) consultations. Founded in 2018 by Bhavjot Kaur and Dr Suraj Baliga, the company offers a full-stack plan with network care centres and digital access to qualified doctors. The company reports more than 10,000 family subscriptions in its full-stack plan and says its retail offering is growing 30% month-on-month. Clinikk aims to add 20 million subscribers in the top 50 Indian cities by 2025. It plans to use new funding to consolidate its product offering, expand its footprint in Bengaluru and other cities, and hire and develop its product. Co-founder Dr Suraj Baliga has highlighted integrated care as a way to reduce out-of-pocket expenses and improve sustainable health insurance pricing.