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Hello reader,
The tech and startup world – and this includes the media side of things – can be obsessed with the latest, newest tech. Sometimes, this enthusiasm completely outpaces the practical considerations. For example, I think that generative AI’s hype is currently still ahead of the real difference its application can enable.
So when I come across a piece that argues for another use case for an existing tech, I appreciate it. Today’s thoughtful tidbits include an article on how deeptech can augment healthcare – even better, since it’s an important vertical that has direct positive impacts on humanity.
It’s not always about charging ahead into the unknown; taking stock of what we have and how we can use them in new ways can create the next big business opportunity too. And that should attract funding like how today’s featured firms did.
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 market
🇮🇳 Bike-taxi firm Rapido has closed a US$120 million series E round from WestBridge Capital. This brings the Indian startup to unicorn status.
🇯🇵 Loglass is a Japanese firm developing corporate intelligence that enhances business management. It has raised US$49 million in series B money from MUFG Innovation Partners, Mizuho Capital, and Angel Bridge, among others.
🇨🇳 Chinese biotech company MolBreeding has secured a US$34.7 million series B funding round. Investors include the likes of Dalton Venture, Lake Bleu Capital, and Starlight Capital.
🇮🇩 AwanTunai, a supply chain financing service provider from Indonesia, has received US$18.5 million in debt financing from HSBC.
M&As
Startups that are raising funds
Behind the Glasswall
You asked, we listened – Tech in Asia’s Founders Meetup is heading to Thailand!
Exclusive listicles
Thoughtful tidbits
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