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Forbes Asia 100 To Watch 2025

The 100 companies on the Forbes Asia 100 to Watch list have raised US$3 billion in funding, highlighting growth in AI, biotechnology, and robotics across the Asia-Pacific region.

  • Forbes Asia released its fifth annual '100 To Watch' list on August 26, 2025, highlighting 100 startups from 16 Asia-Pacific countries.
  • The list features companies from sectors like biotech, spacetech, green tech, and deep technology, selected based on innovation, growth, and funding up to $100 million.
  • Among the notable inclusions, three Filipino startups—Enstack, NetBank, and Xpress Super App—represent e-commerce, finance, and consumer technology respectively, each showing expansion and strong market traction.
  • Launched in 2022, Xpress Super App recorded a net profit of P22.2 million in the first half of 2025, added 40 electric vehicles to its fleet, and surpassed 100,000 app downloads, while Enstack secured $3 million in funding and entered the Thai market this year.
  • The list suggests growing regional emphasis on AI and green technologies, with startups collectively raising nearly $3 billion, indicating robust investment and innovation in Asia-Pacific's startup ecosystem.
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Forbes broke the news in United States on Monday, August 25, 2025.
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