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Hello reader,
Do you prefer sticking with an old reliable, or do you opt for something shiny and new?
When it comes to shopping, I suppose I’m a mixture of the two. If I’m buying something I use every day like shower gel, yeah, I will keep going back to the products that I know can get the job done.
But if I’m treating myself, perhaps to new football gloves, I’m more likely to take a risk and try out a brand I’ve never used before.
As with all things in life, balance is important. If you never tried anything new, that would be boring. Equally, if you could never be certain that what you were buying was going to work out, that would be a stressful way to live.
The companies that secured funding this week strike a pretty fine old-versus-new industry balance. They run the gamut from old reliable sectors like retail and industrial products, to relatively newfangled areas like electric vehicles and renewable energy.
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 that recently took place.
The biggest deals by country
🇮🇳 Reliance Retail is an Indian retail company and a subsidiary of Reliance Industries. It has received US$1 billion in late-stage funding from the Qatar Investment Authority.
🇨🇳 Ouyeel Industrial Products developed a supply chain platform for industrial products. The Chinese firm has secured US$138.3 million in a strategic investment from Ansteel Group, China Baowu Steel Group, Hebei Logistic Industry Group, Hidden Hill Capital, Shanghai State-owned Capital Investment, TBEA, and Xinyu Iron & Steel.
🇮🇩 Ilectra Motor Group manufactures two-wheel electric vehicles. In its series B round, the Indonesian firm bagged US$50 million from Brama One Ventures, Foxconn Co-GP Fund, Horizons Ventures, and Indika Energy.
🇻🇳 Based in Vietnam, Copper Mountain Energy specializes in investing in and developing renewable energy projects. It has netted US$20 million in a debt financing round from responsAbility Ventures.
Startups that are raising funds
Killer pitch decks
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