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Hello readers,
A few investors I spoke to last year pointed out that while Southeast Asia’s startups were on an upward trajectory, the region suffered from a lack of successful exits that might give investors a roadmap for the future of the local startup scene.
Well, one year on, things are beginning to change: We’ve seen firms like Bukalapak and Razer have successful on stock exchanges listings. Regional super app Grab has also joined the club, making its debut on the Nasdaq on Thursday night.
Indeed, all eyes are on Grab and how it’ll perform in public markets in the weeks to come. The firm’s success hinges on factors, including its financial health (which our analyst Simon Huang dove into and market perception, among other things.
Image credit: Timmy Loen
However, one thing’s for sure – a new age for Southeast Asia’s tech firms is on the horizon, and the future looks exciting.
And on that note, 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
🇨🇳 GTA Semiconductor: The China-based hardware firm bagged US$1.25 billion from Hubei Xiaomi Yangtze River Industry Fund, CICC Capital, China Internet Investment Fund (CIIF), China Structural Reform Fund, Huada Semiconductor, Inovance, PDSTI, and SAIC Capital.
🇮🇳 Slice: The India-based fintech startup raised US$220 million from 8i, Advent International Sunley House Capital, Blume Ventures, Gunosy, Insight Partners, Moore Strategic Ventures, and Tiger Global Management.
🇰🇷 Zepeto: The South Korean music and entertainment company bagged US$150 million from Hybe (Big Hit Entertainment) and SoftBank Vision Fund.
Lists of most active investors in the region
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