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Over the last few weeks, there have been some discussions in Singapore about the significant proliferation of Chinese F&B businesses in the country. These are typically large food or beverage chains that open multiple outlets at once, and they have become extremely popular not just with the Chinese diaspora here but with locals as well.
It’s an interesting development, especially since the spread of Chinese influence in this manner began in the last few years or so. In some ways, it seems like China’s tech sector is having a similar experience, gaining not just respectability but popularity as well. This week’s top-funded company can attest to that.
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 country
🇨🇳 United Imaging Healthcare, a Chinese healthtech company, has raised US$138 million from Efunds, Shanghai Alliance Investment Limited, and Sun Rock Capital from its series A round.
🇳🇿 Halter is an agritech startup based in New Zealand. It secured US$100 million in series D funds from Bessemer Venture Partners, Blackbird, Bond, Data Collective, Icehouse Ventures, NewView Capital, and Promus Ventures.
🇮🇳 Indian telco startup Wiom has banked US$35 million in series B money from Accel Partners, Promaft Partners, Prosus Ventures, and RTP Global.
🇯🇵 Kauche, a Japanese ecommerce app, has scored US$31.8 million from its series C round. Investors include AG Capital, Asu Capital Partners, and Delight Ventures, among others.
🇰🇷 The Real Group is a South Korean luxury fashion aggregator. The company bagged US$4.6 million from Han River Partners and Strong Ventures through its in series A fundraise.
Startups that are raising funds
Behind the Glasswall
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