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Hello readers,
When I saw that five out of the six M&As that happened this week came from India, I checked back on our past data and realized that throughout the entire month of February, India had seen an M&A take place every single week.
In fact, out of the 18 M&As that took place this month, 12 of them involved Indian companies. On top of that, a third of the deals happened in the edtech sector.
Granted, February is a short month, but those are still notable numbers, at least in my book. So I’m curious to see how this M&A spree will affect the Indian innovation ecosystem – especially its edtech scene – in the months to come.
You can find all of the 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
🇰🇷 Ticket Monster: The South Korean lifestyle commerce company, which operates daily deal app Ticket Monster (TMON), bagged US$274.5 million from Anchor Equity Partners, KKR, and PSA Consortium.
🇮🇳 Zomato: The India-headquartered restaurant search and discovery platform raised US$250 million in a pre-IPO round from Bow Wave Capital Management, Dragoneer Investment Group, Fidelity Management and Research Company, Kora Capital, and Tiger Global Management.
🇨🇳 Clover Biopharmaceuticals: This Chinese clinical-stage biotech firm bagged US$230 million from Delos Capital, Oceanpine Capital, OrbiMed Advisors, and Temasek Holdings.
🇸🇬 Tyme: This Singapore-based digital bank bagged US$110 million from Apis Growth Fund II and JG Summit Holdings in its series B funding round.
Lists of most active investors in the region
List of top-funded startups in Asia
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