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Hello readers,
How’s your January going so far?
Mine’s going pretty well, thank you for asking. But it seems like Lalamove has one-upped most of us with its US$1.3 billion series F funding round.
The Hong Kong-headquartered logistics startup has had a pretty good past few months. In October, Lalamove announced its expansion to the US, where the company aims to capture a share of the US$13 billion on-demand delivery service market, and just last month, it banked US$515 million in series E funding.
Lalamove is still looking to secure another US$200 million to close its series F round, which would bring its valuation to around US$10 billion.
It seems like it really is a happy new year for the soon-to-be decacorn.
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
🇭🇰 Lalamove: The Hong Kong-based logistics startup raised US$1.3 billion in series F money from Hillhouse Capital.
🇨🇳 Jiliguala.com: This Chinese edtech startup bagged US$100 million from Tencent Investment and TrustBridge Partners in a series C funding round.
Lists of most active investors in the region
List of top-funded startups in Asia
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