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Hello reader,
In tallying the total amount of disclosed funding in this week’s newsletter, I found myself contemplating just how much a billion dollars is.
Like, even a small fraction of that would change just about anyone’s life completely, right? But sometimes, even that much might not be enough to ensure the success of the funded firm.
Business and tech life is a really high-stakes game even at the best of times. Let’s keep fighting to tilt the odds in our favor.
Image credit: Timmy Loen
You can find all other important investment deals that happened over 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 market
🇮🇳 Reliance Retail, the retail chain of Reliance Industries, has secured over US$590 million in a strategic investment from the Abu Dhabi Investment Authority.
🇨🇳 Leadrive is a China-based electrification solutions service provider. The company has received US$82.2 million in series D money from C Capital, Chengdu Royal Stars Venture Capital, Legend Capital, and Xinshang Capital.
🇮🇩 Good Doctor Technology is an Indonesian startup that develops telehealth services. It has closed a US$10 million series A round from Grab and MDI Ventures.
🇸🇬 Account Labs, a Singapore-based Web3 platform, has raised US$7.7 million in bridge funding from Amber Group, MixMarvel DAO Venture, and Qiming Venture Partners.
M&As
Startups that are raising funds
Killer pitch decks
Tech in Asia Conference 2023
Exclusive listicles
Thoughtful reads
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