However, we have anticipated that the Southeast Asia digital economy is well-positioned to excel in the next economic recovery cycle. At the beginning of 2023, we believe the best drivers can still race even in a perfect storm. East Ventures continues to race in this perfect storm by steadfastly directing and supporting our portfolio companies, remaining investing in good founders, and creating more meaningful impacts for the ecosystem. Highly adaptable drivers and teamwork are key.
East Ventures consistently supports and advises our founders intensively through some initiatives and platforms, which also allows them to share and gain insights to help them navigate their businesses in challenging times. Among the 90% of growth-stage startups in East Ventures’ portfolio, 30% are on the path to profitability, 60% are already profitable, and the remaining 10% are still striving to adapt.