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Hello reader,
My investment strategy is foolproof: I tend to park my savings either in India’s Public Provident Fund or invest in gold schemes. While this approach reduces risk, the returns are limited.
I gathered some courage recently and started exploring the markets for investments. However, I have yet to put money in India’s consumer tech IPOs.
IPO chatter continues to maintain its sheen (or may I say Shein?) in Asia. Apart from the popular ultra-fast fashion platform, several top consumer tech firms including Lenskart and Kakao Entertainment are eyeing a public listing as their next big milestone.
These companies have a common thread that ties them: Middle Eastern money.
In our Big Story this week, my colleague Simon details in a visually appealing story why the Middle East is becoming a darling of startups in India, Singapore, and China when it comes to investments. Read on to get the lowdown.
— Samreen
THE BIG STORY
Image credit: Timmy Loen
Mapping Middle Eastern investors fueling Asian tech firms
Energy transition and global geopolitics are driving investors from the UAE and Saudi Arabia to increasingly focus on Asia.
3 Trends to keep an eye on
Hot stocks, earnings reports, restructuring, activist investor pressure and more.
Sequoia Capital’s Surge (now called Peak XV) was an investor in Doubtnut, which was founded by Aditya Shankar (left) and Tanushree Nagori. / Photo credit: Surge
1️⃣ Allen opens a new chapter for edtech: Allen, an India-based coaching institute, has bought edtech startup Doubtnut in a US$10 million deal that could be seen as a distress sale. The acquisition could spark a reverse trend of coaching institutes taking over the edtech space as many startups in the sector are struggling as Covid-related tailwinds fizzle out.
2 Eye-popping facts
The one you didn’t see coming
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