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Hello reader,
There’s a bit of a “rich getting richer” vibe to this week’s newsletter: Lazada and Line Next (the Line unit that focuses on the NFT ecosystem) received significant funding, and there’s also a bit on the TikTok purchase of Tokopedia.
Big names sell papers (or, in our case, capture eyeballs), and that’s all well and good as long as we don’t forget that the startup world is made up of many smaller firms that are also doing important things.
Luckily, there are also a few of those today. Read on to find out more.
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 market
🇸🇬 Singapore-headquartered ecommerce major Lazada received US$634 million in strategic investment from Alibaba Group.
🇰🇷 Line Next, a Line unit that focuses on the NFT ecosystem, raised a US$140 million round from a consortium led by Crescendo Equity Partners, a private equity firm sponsored by Peter Thiel.
🇮🇳 India-based B2B marketplace Vegrow has netted US$46 million in a series C fundraising round. Led by GIC, the round also saw participation from Prosus Ventures, Matrix Partners India, Elevation Capital, and Lightspeed.
🇨🇳 Fantuan, a Chinese food delivery service platform, secured US$40 million in series C funding from GrubMarket, JSD Capital, and Vision Plus Capital.
M&As
Startups that are raising funds
Killer pitch decks
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