Big week for M&As in India

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Hello reader,

It’s kind of funny how I’m at an age where it seems like everyone around me is getting married or engaged. Every other week, a post on my Instagram feed or other social media apps pops up, showing a sparkling diamond ring or some wedding decorations.

I’m always really happy to see such updates because my friends are probably having the best time of their lives (hopefully). It’s interesting how we view unions as such happy things. And if that’s anything to go by, then the startup scene in India has much to celebrate, given how many M&As took place over the last week.

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.

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The biggest deals by country

🇮🇳 IndoSpace is India’s largest investor, developer, and manager of industrial and logistics real estate. It raised US$205 million in a bridge round from Canada Pension Plan Investment Board.

🇧🇩 ShopUp, a Bangladeshi social commerce platform, closed a US$30 million debt round from The City Bank and Lendable.

🇨🇳 SureStar is a China-based lidar tech firm that bagged US$26.5 million in a strategic investment from Guolian Tongshuo Investment, Hongsong Capital, and Hui Capital.

🇹🇼 WeMo Scooter is an urban mobility tech and services company from Taiwan. It got US$15 million in series A money from AppWorks and Taiwan National Development Fund.

🇮🇩 Indonesian agtech firm EdenFarm scored US$13.5 million for its bridge round from AC Ventures, AppWorks, and Telkomsel Mitra Inovasi.

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M&As

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Startups that are raising funds

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Killer pitch decks

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Exclusive listicles

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Thoughtful reads