Every day, 100k+ smart people read our newsletter. You can sign up here.
Hello readers,
Among the companies that raised the most this week, it’s Byju’s that caught my attention.
The India-based edtech major has just secured US$200 million in funding from investors, following a US$500 million injection in September. It’s incredible that the startup – now valued at approximately US$12 billion – exceeded a valuation of US$1 billion just over two years ago.
Byju’s is just one of the 10 edtech startups in Asia that bagged funding this week – most are from India and China, while onee Singapore. I can’t help but wonder if we’ll be writing about any of these startups becoming decacorns in a couple of years.
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.
BIGGEST DEALS BY COUNTRY
🇨🇳 Manbang: This smart logistics service provider raised US$1.7 billion from All-Stars Investment, Baillie Gifford, CMC Capital Partners, Fidelity Investments, GGV Capital, Hillhouse Capital, Lightspeed China Partners, Permira, Tencent Investment, SoftBank’s Vision Fund, Xianghe Capital, and Yunfeng Capital.
🇮🇳 Byju’s: The India-headquartered edtech giant bagged US$200 million from BlackRock and T. Rowe Price.
🇰🇷 Bucketplace: The company, which operates home interior platform Ohouse, got US$70 million in series C funding from Bond, IMM Investment Corp., Mirae Asset Venture, and Naver.
🇮🇱 OurCrowd: This global venture investing platform raised US$60 million from Orix Group.
When life doesn’t imitate art
Lists of most active investors in the region
List of top-funded startups in Asia
Stay updated on the go with our mobile app.
Get latest insights with smoother, more personalized experience through TIA mobile app.
