A flurry of activity in Singapore's venture capital (VC) market in the past month highlights just how excited global investors are about Southeast Asia's flourishing start-up scene.

Jungle Ventures and Beenext, a fund set up by the founder and former CEO of Japanese e-commerce operator Beenos, are among firms who have raised cash to invest in the region's booming e-commerce sector, where growing wealth and explosive smartphone growth is stoking demand for everything from home furnishers to local versions of Amazon.