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Hello readers,
Happy new year from all of us at Tech in Asia!
If you’re like me, you’re probably just getting back into work mode, wondering whether the world will really change that much just because we’ve flipped the calendar to 2021.
For a few startups, at least, the new year brought in new money. This week, 96 deals worth over US$1.5 billion took place – not too shabby for the first week of 2021.
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.
BIGGEST DEALS BY COUNTRY
🇮🇳 Udaan: The Indian business-to-business marketplace bagged US$280 million from Altimeter Capital, DST Global, GGV Capital, Lightspeed Venture Partners, Octahedron Capital, and Tencent in a series E funding round.
🇨🇳 Enflame: This China-based AI research and development company raised US$277 million in series C money from CICC Capital, CITIC PE, Primavera Capital, Redpoint China Ventures, SummitView Capital, and Tencent Investment.
🇰🇷 Kakao Enterprise: This South Korean AI tech provider scored a US$90 million late-stage funding round from KDB Bank.
🇮🇩 Bibit: The Indonesian robo-advisory platform raised US$30 million in early-stage funding from 500 Startups, AC Ventures, EV Growth, East Ventures, and Sequoia Capital.
Sequoia Capital, KKR, and Temasek are turning to this startup for fundraising data
Lists of most active investors in the region
List of top-funded startups in Asia
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