Top Startups in Cambodia: Pioneering Innovation in the Kingdom of Wonder

 Top Startups in Cambodia: Pioneering Innovation in the Kingdom of Wonder

Cambodia, known for its rich history and vibrant culture, is also becoming a hotbed for entrepreneurial activity. The country’s startup ecosystem is rapidly evolving, fueled by a young and dynamic population, increasing internet penetration, and a supportive environment for business. In this blog post, we'll dive into the top startups in Cambodia, highlighting their founders, the year of foundation, and their valuations. These startups are transforming industries and contributing significantly to the country's economic growth.

1. BookMeBus

Founders: Langda Chea
Year of Foundation: 2015
Valuation: $3 million

BookMeBus is a leading transportation booking platform in Cambodia. It allows users to book bus, ferry, and taxi tickets online, offering a convenient and reliable way to travel across the country. Founded by Langda Chea in 2015, BookMeBus has grown rapidly, becoming a staple in the travel industry.

2. KOOMPI

Founders: Sok Socheat
Year of Foundation: 2018
Valuation: $5 million

KOOMPI is Cambodia’s first homegrown laptop brand, designed to provide affordable and high-quality laptops to students and professionals. Founded by Sok Socheat in 2018, KOOMPI has gained significant attention for its innovative approach to technology and education, aiming to bridge the digital divide in Cambodia.

3. Edemy

Founders: Socheat Sok and Rithy Thul
Year of Foundation: 2016
Valuation: $2 million

Edemy is an edtech startup that focuses on providing English language learning solutions through technology. Founded by Socheat Sok and Rithy Thul in 2016, Edemy uses interactive and engaging methods to help students learn English, catering to both urban and rural areas.

4. BanhJi

Founders: Aji Devata
Year of Foundation: 2016
Valuation: $1.5 million

BanhJi is a financial technology startup offering cloud-based accounting software tailored for small and medium-sized enterprises (SMEs) in Cambodia. Founded by Aji Devata in 2016, BanhJi aims to simplify financial management for businesses, helping them grow and thrive in a competitive market.

5. Smart Axiata

Founders: Thomas Hundt (CEO)
Year of Foundation: 2008
Valuation: $2 billion

Smart Axiata is one of Cambodia’s largest mobile telecommunications operators, providing a wide range of services including mobile, internet, and digital solutions. Under the leadership of CEO Thomas Hundt, Smart Axiata has become a cornerstone of the country’s digital landscape, driving connectivity and innovation.

6. Camboticket

Founders: Rahul Anand, Sanjay Chhabra, and Aman Singh Bajaj
Year of Foundation: 2014
Valuation: $4 million

Camboticket is an online booking platform for bus, ferry, and private taxi services across Cambodia and neighboring countries. Founded in 2014 by Rahul Anand, Sanjay Chhabra, and Aman Singh Bajaj, Camboticket has revolutionized the travel booking experience, making it more accessible and efficient.

7. Demine Robotics

Founders: Richard Yim
Year of Foundation: 2016
Valuation: $2.5 million

Demine Robotics is a social enterprise that develops robotic solutions for landmine clearance. Founded by Richard Yim in 2016, the startup aims to tackle the ongoing issue of landmines in Cambodia, providing safer and more efficient methods for landmine removal.

8. Sousdey Cambodia

Founders: Souny Rath
Year of Foundation: 2017
Valuation: $1 million

Sousdey Cambodia is a digital marketing agency that helps businesses enhance their online presence through innovative marketing strategies. Founded by Souny Rath in 2017, Sousdey Cambodia has quickly become a trusted partner for companies looking to expand their digital footprint.

9. Peth Yoeung

Founders: Dr. Hak Sokchea
Year of Foundation: 2017
Valuation: $3 million

Peth Yoeung is a healthtech startup offering an integrated healthcare management system for hospitals and clinics. Founded by Dr. Hak Sokchea in 2017, Peth Yoeung aims to improve healthcare services through digital solutions, ensuring better patient care and management.

10. Khmerload

Founders: Vichet In
Year of Foundation: 2011
Valuation: $1.2 million

Khmerload, often referred to as the “Buzzfeed of Cambodia,” is an entertainment and news website that provides viral content, news, and entertainment to Cambodian audiences. Founded by Vichet In in 2011, Khmerload has grown to become one of the most popular digital media platforms in the country.

11. GoSocio

Founders: Monirath Siv and John Liu
Year of Foundation: 2016
Valuation: $800,000

GoSocio is a social media marketing startup that helps businesses manage and optimize their social media presence. Founded by Monirath Siv and John Liu in 2016, GoSocio offers tools and strategies to increase engagement and reach on various social media platforms.

12. Morakot Technology

Founders: Chankiriroth Sim
Year of Foundation: 2014
Valuation: $2.5 million

Morakot Technology is a fintech startup providing core banking systems to microfinance institutions and banks. Founded by Chankiriroth Sim in 2014, Morakot Technology focuses on enhancing financial inclusion and efficiency in Cambodia’s banking sector through innovative software solutions.

13. Codingate

Founders: Ngin Chhayleap and Sokhan Som
Year of Foundation: 2013
Valuation: $1.5 million

Codingate is a software development company offering web and mobile development services. Founded by Ngin Chhayleap and Sokhan Som in 2013, Codingate has become a key player in Cambodia’s tech industry, providing customized solutions to businesses across various sectors.

14. Astech

Founders: Serey Vath and Lida Kem
Year of Foundation: 2016
Valuation: $2 million

Astech is a technology startup specializing in providing IT solutions and services to businesses. Founded by Serey Vath and Lida Kem in 2016, Astech focuses on helping companies leverage technology to improve their operations and competitiveness.

15. Grab

Founders: Anthony Tan and Tan Hooi Ling (Regional Founders)
Year of Foundation: 2012 (Entered Cambodia in 2017)
Valuation: $16 billion (Regional Valuation)

Grab is a leading ride-hailing and delivery service that expanded into Cambodia in 2017. Founded by Anthony Tan and Tan Hooi Ling, Grab offers a wide range of services including transportation, food delivery, and financial services, significantly impacting the local economy and lifestyle.

16. Sabay Digital

Founders: Kongsakorn Ratanak
Year of Foundation: 2007
Valuation: $2.5 million

Sabay Digital is a digital entertainment company providing online gaming, news, and content services. Founded by Kongsakorn Ratanak in 2007, Sabay Digital has become a major player in Cambodia’s digital entertainment industry, catering to a wide audience with diverse interests.

17. Pi Pay

Founders: Tomas Pokorny (CEO)
Year of Foundation: 2017
Valuation: $10 million

Pi Pay is a fintech startup offering a mobile payment solution that allows users to make payments and transfer money conveniently. Under the leadership of CEO Tomas Pokorny, Pi Pay has rapidly expanded its user base, becoming one of the most popular digital wallets in Cambodia.

18. Roojai

Founders: Nicolas Faquet (Regional Founder)
Year of Foundation: 2016 (Entered Cambodia in 2019)
Valuation: $50 million (Regional Valuation)

Roojai is an insurtech startup offering affordable and accessible insurance products. Founded by Nicolas Faquet, Roojai entered the Cambodian market in 2019, providing innovative insurance solutions that cater to the needs of the local population.

19. Baramey Production

Founders: Laura Mam
Year of Foundation: 2014
Valuation: $1 million

Baramey Production is a music and entertainment production company that promotes Cambodian artists and cultural content. Founded by singer-songwriter Laura Mam in 2014, Baramey Production is dedicated to nurturing local talent and bringing Cambodian music to a wider audience.

20. Sophy

Founders: Chann Sophy
Year of Foundation: 2018
Valuation: $500,000

Sophy is a startup that produces organic and eco-friendly skincare products. Founded by Chann Sophy in 2018, the company aims to promote sustainable beauty practices and provide high-quality, natural products to consumers in Cambodia and beyond.

Conclusion

Cambodia’s startup ecosystem is vibrant and full of potential. These startups are not only driving economic growth but also addressing key challenges and improving the quality of life for Cambodians. By supporting these innovative ventures, we can contribute to a brighter and more prosperous future for Cambodia