Did you get a good deal on 9.9?

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Hello reader,

I don’t typically shop on the internet – in fact, it wasn’t until this year that I bought clothes online. That said, I still found myself caught up in the 9.9 frenzy, stalking online marketplaces like Shopee and Lazada at the stroke of midnight in search of good bargains

Despite my efforts, I ended up getting nothing. But that’s not the case for Singapore-based Lazada, which got US$912.5 million in late-stage funding from Alibaba Group this week.

With over US$4.6 billion in total funding, Lazada is one of Southeast Asia’s top-funded companies, alongside Sea Group, Grab, GoTo, and J&T Express. If you want to have a look at the region’s startup ecosystem’s funding over the last decade, we recently published a visual story detailing just that – check it out.

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.

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The biggest deals by country

🇸🇬 Lazada: The Singapore-headquartered ecommerce platform bagged US$912.5 million in late-stage funding from Alibaba Group.

🇻🇳 Be Group: The Vietnamese ride-hailing firm secured US$60 million in debt funding from Deutsche Bank.

🇮🇳 Skyroot Aerospace: The Indian spacetech startup got US$51 million in series B money from Government of Singapore Investment Corporation and LNM India.

🇨🇳 Neukio Biotherapeutics: The China-based biotech company raised US$50 million in series A money from CD Capital, IDG Capital, Lilly Asia Ventures, Surplus Capital, and Yahui Precision Medicine Fund.

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M&As

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Startups that are raising funds

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Killer pitch decks

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Office Hours at Tech in Asia Conference 2022

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Exclusive listicles

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Thoughtful reads