Kicking off the year of the ox

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Hello readers,

Happy Lunar New Year!

It was a short work week (thank goodness), so I drafted this newsletter on Wednesday instead of the usual Friday. But even then, we saw 87 deals worth a total of US$1.5 billion take place across the region. Talk about huat!

From all of us here at Tech in Asia, here’s hoping you have an equally – or even more – huat year of the ox.

Also, maybe don’t go on too many house visits and reunion dinners until the pandemic’s fully over.

Let’s dive into the biggest deals and M&As that recently took place.

BIGGEST DEALS BY COUNTRY

🇨🇳 Fenbi Education: This Chinese edtech startup scored a US$390 million series A round from Huaxing Capital, IDG Capital, and TrustBridge Partners.

🇮🇳 MakeMyTrip.com: The Indian travel-booking platform raised US$200 million in debt financing.

🇰🇷 Influential: The company behind South Korea-based audiobook platform Welaaa got US$20 million in series C money from UTC Investment.

🇮🇱 Virility Medical: The Israeli medical device startup raised US$8 million in a series A funding round from Almeda Ventures and Arkin Holdings.

🇻🇳 Go2Joy: Formerly known as Appro Mobile, the Vietnam-based hotel-booking app raised a series A round worth US$2.3 million from HB Investment and Platform Partners Asset Management.

M&A’S

Lists of most active investors in the region

List of top-funded startups in Asia