Sign up for the Daily Newsletter, sent exclusively to our premium subscribers. We break down the big and messy topics of Asia’s tech and startup community. Get the newsletter in your inbox everyday with a premium subscription.
Hello reader,
As someone that loves watching competitions, close matches are always entertaining. You get nail-biting finishes, close shaves, and other exciting things happening.
However, once in a while, you get to witness something so clinical, so exceptionally well done that you can’t help but admire it. Think of Germany beating Brazil 7-1 at the 2014 FIFA World Cup, or Roger Federer winning multiple US Opens not just once or twice, but several times in a row.
This week, that shining star is India’s tech scene. Out of our five biggest investments this week, four of them were scored by Indian startups, with Reliance Retail leading the way. Similarly, four out of the six M&As this week involved Indian firms.
Image credit: Timmy Loen
You can find all other important investment deals that happened over 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 market
🇮🇳 Reliance Retail, the retail chain of Indian conglomerate Reliance Industries, has gotten a US$250 million strategic investment from KKR.
🇨🇳 Chinese biotech firm Grit Therapeutics has raised US$55 million in series B money. Investors in the round include CICC, Decheng Capital, Liando Investment, Sherpa Capital, and Yuanhe Capital.
🇵🇭 Citicore Renewable Energy Corporation is a Filipino renewable energy developer. It got a US$30 million mezzanine loan from Pentagreen Capital, which is backed by Temasek and HSBC.
🇰🇷 Egnis is the South Korean startup behind Labnosh, which offers meal-replacement bars and drinks. It scored a US$26 million series B round from Bilanx Investment, Innopolis Partners, and Kolon Investment, among others.
M&As
Startups that are raising funds
Killer pitch decks
Did you miss us the first time? Great news: We’re coming back to Manila for the exclusive founders-only networking event!
Exclusive listicles
Thoughtful reads
Stay updated on the go with our mobile app.
Get latest insights with smoother, more personalized experience through TIA mobile app.
