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Hello reader,
The idea of a ragtag group of people who band together in order to achieve a goal, and then learn something new about themselves and each other in the process is one of my favorite media tropes.
One of the best examples of this is the 1985 film The Breakfast Club, where five students with very different personalities and backgrounds are forced to attend detention together, finding that they’re not so different after all.
I bring this up because when I look at some of the top-funded startups of the week, they seem worlds apart since they come from diverse industries.
But if you take a closer look, you’ll find that these companies have something in common: they all started out aiming to solve a problem in the world. Apart from having the same goal, I’m sure there’ll be some commonality in their stories.
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
🇦🇪 Emerging Markets Property Group, a property verticals and classifieds platform based in the United Arab Emirates, has raised US$200 million from Acacia Partners, KCK Global, Affinity Equity Partners, and Prosus Ventures.
🇮🇳 Indian B2B ecommerce platform Udaan has raised US$120 million in a round led by existing shareholders and bondholders.
🇨🇳 Plum, a China-based secondhand fashion ecommerce platform, has bagged US$100 million in a series C round from Zhuanzhuan.
M&As
Startups that are raising funds
Killer pitch decks
Tech in Asia’s Founders’ Lunch 2022
Exclusive listicles
Thoughtful reads
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