US EditionD2C companies in SEA raise $32.5M in 2024, a 3 times surge from 2023: Tracxn
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D2C companies in SEA raise $32.5M in 2024, a 3 times surge from 2023: Tracxn
The direct-to-consumer (D2C) sector is making its mark in Southeast Asia (SEA)’s startup ecosystem, with more than 2,000 companies and all-time funding of $300 million, Tracxn said Wednesday. The firm said in a statement that SEA’s D2C sector raised $32.5 million in 2024, reflecting a 208% growth from $10.6 million in 2023, even as the overall SEA tech ecosystem saw more than a 55% decline in funding during the same period. It is noted that glob…
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