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Hello reader,
Have you ever opened up a data-sheet or work document and immediately did a double take upon seeing a surprising stat or figure?
That happened to me in the process of writing today’s newsletter. The top deal is one for US$1.1 billion – that’s more than most weekly totals.
(I totally squinted and counted the number of zeroes three times to make sure I had the right number.)
Perhaps less surprising is that that deal comes from China – but don’t sleep on the runners-up. It’s a newsletter of big winners today.
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 market
🇨🇳 Based in China, IM Motors (also known as Zhiji Motors locally) is an electric car brand. It received US$1.1 billion in series B money from Bank of China, Momenta, and Nongyin Investment, among others.
🇮🇳 India-based Svatantra, previously known as Micro Housing Finance Corporation, is an affordable housing finance company. It raised US$230 million in bridge funding from Advent International and Multiples Alternate Asset Management.
🇦🇪 Hunch is a social networking firm based in the United Arab Emirates. It closed a US$23 million series A round, with Alpha Wave Global and Hashed Emergent as the participating investors.
M&As
Startups that are raising funds
Behind the Glasswall
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Exclusive listicles
Thoughtful reads
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