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Hello reader,
Scanning through our list of startups that raised funds this week, I was struck by the number of Indian firms. Among the 10 startups that raised the most money in the past week, half of them came from India.
I’m not sure if this is just a coincidence or the result of something else going on that I’m not aware of, but it definitely gave me a little bit of hope. As the funding winter continues to dig its claws into the startup scene, it’s heartening to see companies that are still raising money.
I’m hoping the uptick we saw in India this week is a sign of something brighter on the horizon for the rest of the region.
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
🇮🇳 Avanse Financial Services is a fintech firm that provides affordable education financing solutions for Indian students and institutions. It raised US$145 million in a debt round from Standard Chartered.
🇨🇳 Nullmax, a Chinese firm that uses computer vision, deep learning, and AI to produce autonomous driving solutions, has raised US$106.8 million in series B financing from Shanghai Stonehill Technology.
🇦🇪 Xpanceo is a deeptech company from the United Arab Emirates that is developing smart contact lenses. It bagged US$40 million in seed money from Opportunity Ventures.
🇮🇩 Stilt Studios, a manufacturer of modular homes based in Indonesia, has raised US$10 million in a series A round led by Christian Hymer, whose family founded German motorhome manufacturer Hymer.
M&As
Startups that are raising funds
Killer pitch decks
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