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Hello,
I’ve recently been working on some content around startup unicorns as part of what I do at Tech in Asia Studios. That US$1 billion valuation is a major milestone on a startup’s journey and is often seen as the first step towards greatness and growth.
I talk about unicorns because one of the top-funded companies this week, Indonesian agritech firm eFishery, has joined this exclusive group at a post-money valuation of US$1.3 billion – and I do think what the company’s trying to do to support fish and shrimp farmers in the country is pretty cool.
Image credit: Timmy Loen
Being a unicorn isn’t the be-all and end-all for startups, but it’s certainly something worth celebrating. Plus, successful unicorns lead to investments, entrepreneurship, and increased faith in the potential of a market, hence creating a virtuous cycle that will power even more growth – and that’s a good thing.
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.
— Stefanie
The biggest deals by country
🇮🇳 Ola Electric, the electric vehicle arm of India’s Ola Cabs, has secured US$300 million in Series E money. Investors in the round were not disclosed.
🇻🇳 EQuest Education Group is an education firm in Vietnam. It raised US$120 million in a late-stage round from KKR (Kohlberg Kravis Roberts & Co) and an undisclosed creditor.
Lists of most active investors in the region
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