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Hello reader,
The startup world is truly an incredibly diverse place, with companies doing all sorts of things across different verticals and industries. It truly showcases how ingenious humans can be when it comes to tackling world’s problems.
Looking at this week’s top-funded businesses, we’ve got an eyewear brand, a company that makes IoT communication chips, and a startup focused entirely on helping people sell refurbished tech, among others.
That’s quite an assorted bunch – but these firms are all doing something that is really cool and will make an impact on businesses and consumers.
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
🇮🇳 Lenskart is an omnichannel eyewear retailer that manufactures and distributes eyeglasses, sunglasses, and contact lenses. Hailing from India, it raised US$500 million in a strategic investment from Abu Dhabi Investment Authority.
🇨🇳 Xinyi Information Technology is a China-based company specializing in the development and sales of IoT communication chips. It bagged US$43.5 million in series C money from China Internet Investment Fund, Haitong Innovation Capital, Hanqian Investment, Junshan Investment, and Shanghai Pudong Intelligent Manufacturing Industry Fund.
🇸🇬 Singapore-based Reebelo, a marketplace for refurbished tech, took home US$29 million in series A funding. Antler, Cathay Innovation, Gandel Invest, and Moore Strategic Ventures participated in the round.
🇭🇰 Auros, an algorithmic trading and market making firm based in Hong Kong, netted US$17 million in a bridge round from Bit Digital, Epoch Capital, Primal Capital, Trovio Group, and Vivienne Court.
M&As
Startups that are raising funds
Killer pitch decks
Exclusive listicles
Thoughtful reads
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