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Hello readers,
We had our Tech in Asia Conference last week, and I was right in the thick of it – I moderated a panel, was emcee for the annual Startup Arena pitching competition, and talked to a bunch of people in informal meetups.
It was bustling in every sense of the word, but my conversations with the two VC partners from the panel I moderated showed me that my schedule was chicken feed compared to theirs – they were essentially booked full of meetings from dawn to dusk.
It’s at events like ours that big deals are made – or at least, it’s where the seeds are planted. I’d like to think that we played a part in bringing about some of the hundred-million-dollar deals this weekly newsletter covers.
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
🇮🇳 Ola Electric, the electric-vehicle arm of Indian ride-hailing firm Ola, has closed a US$384 million series F round of funding. The investors were the State Bank of India and Temasek Holdings.
🇨🇳 Pony.ai, a Chinese firm that builds self-driving technology, has secured US$100 million from Neom, a smart city project in Saudi Arabia.
🇸🇬 YouTrip is a Singapore-based multicurrency mobile wallet that allows users to make overseas payments with no transaction fees. It bagged US$50 million in series B money from Lightspeed.
🇰🇷 Moreh is a South Korean AI startup that focuses on maximizing the scalability of the AI market. It raised US$22 million in its series B funding round from AMD and KT Corporation.
Startups that are raising funds
Killer pitch decks
Get a ticket to this exclusive gathering on November 16 to think outside the box
Exclusive listicles
Thoughtful reads
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