No one stays at the top forever

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Hello reader,

Every week for this newsletter, we compile a list of the top deals in the region as a way of showing who’s doing well. I could do the usual: Share an anecdote that ties in to what these companies do, then end with a smooth segue into the rest of the newsletter.

Or we could talk about the Jensen Huang situation.

As the recent developments surrounding the now-former Nvidia CEO show, “doing well” doesn’t always last forever, and an appearance on our list of biggest deals list is just one indicator of doing something right.

So here’s a separate list of totally relevant advice on what these companies and their founders should keep in mind, even after they’ve successfully secured millions of dollars in funding:

• Don’t cheat with Chinese spies (or any kind of spy).
• In fact, don’t cheat on your wife who’s supported you for decades.
• Make sure you’re so busy working on your company that you don’t have time for more than one affair, let alone three.
• Profit.

Sounds simple enough, right? You heard it here first at Tech in Asia.

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.

— Jonathan

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The biggest deals by markets

🇯🇵 Newmo is a logistics and transportation company based in Japan. It has raised US$133 million in series B money from Headline Asia, Daiwa Motor Transportation, and JAFCO Group Japan, among others.

🇮🇳 Indian cleantech company Greenjoules bagged US$16 million in a series B round. It was funded by Amazon Smbhav Venture Fund, Singularity AMC, The Climate Pledge Fund, and Rainmatter.

🇦🇺 AutoSwift, an Australian fintech startup, has secured US$6.9 million in strategic investment from X Star Technology.

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Startups that are raising funds

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Startup in the spotlight

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Exclusive listicles

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Thoughtful reads

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