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Hello reader,
As you’re probably aware, Tech in Asia achieved a significant milestone this week: We’re getting acquired by SPH Media!
After years of documenting other startups’ milestones – from pre-seed rounds to public market debuts – it’s thrilling to have achieved this. After all, an exit is like the “ultimate goal” of a startup – a conclusion to this chapter of its life and the beginning of a new adventure.
This has gotten me thinking about milestones in general. While they aren’t the be-all and end-all, they’re a nice checkpoint to take stock of where you are and what you achieved. I’d like to think that’s what today’s featured startups are doing, after raising fresh funding and going through M&As of their own.
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
🇦🇪 Tabby is a buy now, pay later firm from the United Arab Emirates. It raised US$200 million in series D money from Arbor Ventures, Blue Pool Capital, Mubadala Investment Company, PayPal Ventures, STV, and Wellington Management.
🇨🇳 Chengshi, a Chinese maker of electric delivery vehicles, secured US$136.6 million in a series B round, with Ganfeng Lithium, Gravity Investments, and Hidden Hill Capital participating.
🇮🇳 Honasa Consumer is the parent company of beauty brands Mamaearth and The Derma Co. Based in India, it got US$91.8 million in a late-stage round. Investors include Abu Dhabi Investment Authority, Aditya Birla Ventures, Axis Mutual Fund, Carmignac, Fidelity Investments, Franklin Templeton Investments, and Goldman Sachs.
🇲🇾 Axiata Digital & Analytics is the data and AI unit of Malaysian telco Axiata. It received a strategic investment of US$58 million from Mitsui & Co.
M&As
Startups that are raising funds
Killer pitch decks
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