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Hello there,
Man, what a good last few days for Indian startups. Four out of our top five highest-funded firms hail from the country, with the sole exception being a company from China.
Image credit: Timmy Loen
It’s not really that surprising, given how quickly the country’s tech scene is growing. I often find myself marveling at some of the innovations produced by Indian startups. Hopefully, though, none of them can replace writers like myself – cue dramatic music as ChatGPT approaches.
You can find all other important investment deals that happened in the last few days in our weekly funding news wrap-up.
Let’s dive into the biggest deals and M&As that recently took place.
The biggest deals by country
🇮🇳 Sunsure Energy: The Indian firm, which specializes in large-scale rooftop solar solutions and ground-mounted projects, raised US$400 million through a strategic investment from Partners Group.
🇮🇳 HealthKart: The India-based online health and fitness store got US$135 million in series H funds from A91 Partners, Kae Capital, and Temasek Holdings.
🇮🇳 KreditBee: Based in India, KreditBee is a personal loan platform for young professionals. It secured US$80 million in series D money from MUFG Bank (Mitsubishi UFJ Bank), Mirae Asset-Naver Asia Growth Fund, Motilal Oswal Private Equity, NewQuest Capital Partners, and Premji Invest.
🇨🇳 Safe Medical: The Chinese drug and medical-device detection service provider scored US$69.5 million during its series D round. Investors include China’s State Owned Capital Venture Capital Fund, FOF Capital, Jianxing Medical Fund, SDIC Venture Capital, Taiping Medical and Health Fund, and Zhongjin Qide.
🇮🇳 DeHaat: The India-based agtech platform took home US$60 million in fresh series E funds from Lightrock India (Aspada), Prosus Ventures, RTP Global (ru-Net), Sofina, and Temasek Holdings.
Lists of most active investors in the region
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