Endeavor

2023 Endeavor Impact Report

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Venturing Off The Beaten Path In 2023, we selected 152 new Endeavor Entrepreneurs from 81 companies to join our network. Each entrepreneur was chosen at an International Selection Panel which is the culmination of a rigorous, multi-step selection process to evaluate not only their growth and potential but also their commitment to reinvesting time and resources into their local ecosystems. The selectees embody both the power of the Multiplier Effect and the diverse paths to entrepreneurial success highlighted in this year's research. They include serial entrepreneurs, veterans of successful scaleups, founders with humble origins and deeply technical backgrounds, as well as many who spent time abroad before starting their companies. Here are a few examples. Entrepreneurs: George Royeca, Angeline Tham Vertical: Mobility Endeavor Office: Philippines Co-founded by the husband-and-wife duo George and Angeline in 2016, Angkas is the leading motorcycle ride- hailing app in the Philippines. The pair are a prime example of the Multiplier Effect in action. Both got their start as serial entrepreneurs as part of the 'Grab Mafia,' a growing group of founders who learned how to scale companies while working at the super successful everything app Grab, also based in the Philippines. The Philippines has some of the world's worst traffic. Angkas provides a safe, cost-effective transportation option for its more than eight million customers. The company also formalized the sector, expanding economic opportunities for the country's 18+ million motorcycle owners, many of whom live in poverty. Angkas 1 8

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