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Hello reader,
Do you ever wonder how much life has changed, thanks to technology? Just 10 years ago, we were mostly transacting in cash and hailing taxis off the street. To get meals delivered, the only real options you had were the fast food joints – I still remember the jingle for KFC and Pizza Hut delivery in Singapore, which included the number to call.
But a look at our top-funded companies of the week shows just how tremendously different our world is now.
From one of the largest mobile payment apps in India to a company that’s taking laundry and dry cleaning services online, there’s no denying that tech has had a major impact on our lives. It will certainly continue to do so, and I’m excited about what innovation is coming up next.
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
🇨🇳 Chinese enterprise solution startup eRoad Software has raised US$139.9 million in a series D round. The investors of the round were not disclosed.
🇮🇳 Indian mobile payment app PhonePe has received US$90.5 million in a strategic investment from ecommerce player Flipkart.
🇰🇷 Laundrygo, which offers online-based laundry and dry cleaning services in South Korea, has raised US$39.2 million in series C money from Aju IB Investment, Altos Ventures, H&Q Korea, Hanwha Investment & Securities, KB Investment, KB Securities, Musinisa, Pebbles Investment, and SoftBank Ventures Asia (SoftBank Ventures Korea).
🇯🇵 Thirdverse, a Japanese gaming company that focuses on virtual reality, has bagged US$16 million a series C round from 8DAO, B Dash Ventures, Fenbushi Capital, Kusabi Fund, MZ Web 3 Fund, OKCoinJapan, OKX Ventures, Yield Guild Games, and Double Jump Tokyo.
M&As
Startups that are raising funds
Killer pitch decks
Exclusive listicles
Thoughtful reads
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