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Hello reader,
I recently started watching Peaky Blinders, a show that’s set in early 20th-century England. It’s really great, and the acting and writing is all top-notch so far, save for some small hiccups.
A major aspect of this crime drama is how many characters are motivated by money. The funny thing is, the raw dollar amounts being bandied about in that period are really low compared to today. For instance, £10 (US$12.50) is seen as a very large sum for the average working class man.
Fast forward to today, and we regularly see billions of dollars being moved around each day. In particular, it’s not uncommon for startups to get eight-figure investments in a single fundraising round too. Such is the case for this latest week of fundraising deals, with much of them taking place in China and India.
I wonder what Tommy Shelby would think of that.
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 country
🇨🇳 Mogo Auto is a Chinese AI firm that develops smart car devices and systems. It got US$84.3 million in series C money from Chengdu Science and Technology Venture Capital Group, Tencent, Yixin Group, and Zhuhai Haidu Science and Technology Venture Capital.
🇮🇳 Ripplr, an India-based logistics and distribution startup, raised US$40 million in a series B round from 3one4 Capital, Alteria Capital, Bikaji, Fireside Ventures, Neo Foods, Northern Arc Capital, Sojitz Corporation, Stride Ventures, Trifecta Capital, and Zephyr Peacock India.
🇸🇬 Singapore-based Flash Coffee netted US$50 million for its series B round from investors such as Conny & Co., Delivery Hero, Geschwister Oetker, and White Star Capital.
M&As
Startups that are raising funds
Killer pitch decks
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