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Hello readers,
Do you use online grocery apps?
I don’t.
I’m old school like that because when I was a kid, my grandma told me off for bringing back too-ripe bananas after a grocery run. After that, I made sure that the fruits I bought at the store were nice enough for my elders’ liking.
How could you even tell this sort of thing when you’re shopping online?
Despite my aversion to such services, the industry’s doing pretty good, particularly in Southeast Asia. And over in China, grocery startup Nice Tuan topped this week’s funding charts with its US$75 million capital injection.
I may be a grocery traditionalist, but I must admit that the convenience of shopping online is tempting. The time I spend queueing at the cash register could be better spent doing quite literally anything else (I hate queues so much).
But the bananas, though…
BIGGEST DEALS BY COUNTRY
🇨🇳 Nice Tuan: The Chinese grocery startup bagged US$750 million in series D money from Alibaba Group, Anatole Investment Management, CDH Investments, Cygnus Equity, DST Global, Dragoneer Investment Group, Franchise Capital, GGV Capital, Jeneration Capital, Kunlun Capital, and The D. E. Shaw Group.
🇮🇳 Byju’s: The Indian edtech major raised US$460 million from Arison Holdings, B Capital Group, Baron Global Advantage Fund, MC Global Edtech Investment Holdings, TCDS India, Tiga Investments, and XN Exponent Holding in a series F funding round.
🇮🇱 StarkWare: The Israeli blockchain company scored US$75 million worth of series B funding from Alameda Research, Data Collective, Founders Fund, Pantera Capital, Paradigm Capital, Sequoia Capital, Three Arrows Capital, and Wing Venture Capital.
🇮🇩 Ajaib: The Indonesia-based online investment platform got US$65 million from Alpha JWC Ventures, Bangkok Bank, Horizons Ventures, Iconiq Capital, Insignia Ventures Partners, Ribbit Capital, SoftBank Ventures Asia, and Y Combinator in a series A funding round.
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List of top-funded startups in Asia
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