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Hello reader,
We’re less than a week away from my favorite time of the year: Christmas!
As the year comes to a close, Santa and his elves are coming out of hibernation and I’m itching to binge watch classic Christmas movies like Home Alone and The Santa Clause with my brothers. Meanwhile, my family’s already begun eating way too much. But before all that, I’ve got a fair bit of work to finish up so I can enjoy my holidays in peace.
And it seems like the Southeast Asian industry has got the same idea: While startups in the region raised more than US$4 billion, eight companies made our M&A list this week. They’ve got to pencil those last few investor meetings in the calendar before going on leave, after all.
To all of you reading – both naughty and nice – here’s wishing you a great last couple weeks of the year!
Image credit: Timmy Loen
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.
The biggest deals by country
🇨🇳 Svolt: The China-based battery materials manufacturer got US$938 million from CDH Investments, Changzhou Xingyu, China Mobile Innovation Industry Fund, Industrial Bank, PICC Capital Investment Management, and Sichuan Energy Investment in its series B funding round.
🇮🇳 Ola: The ride-hailing firm based in India raised US$500 million through a term loan B facility from international institutional investors.
🇻🇳 The CrownX: The Vietnam-based retail firm bagged US$350 million in late-stage funding from Abu Dhabi Investment Authority, SeaTown Holdings, and TPG Growth.
Lists of most active investors in the region
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