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Hello reader,
Have you ever heard of zombie funds?
With less funding going around this tech winter, it somehow never occurred to me that this also means some funds would straight up not invest in anything for a while. They might not be able to even raise money.
One of the pieces in today’s Thoughtful Tidbits talks about these “undead” funds and what their rise could mean for the startup landscape in the long run.
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
🇮🇳 Purplle, a beauty ecommerce platform headquartered in India, has raised US$59 million in a series F funding round. Its investors included the Abu Dhabi Investment Authority, Blume Ventures, Premji Invest, and Sharrp Ventures.
🇸🇬 Singapore-based logistics firm Ninja Logistics has obtained a three-year US$50 million revolving credit facility from banking and financial services organization HSBC.
🇭🇰 Insighta is a Hong Kong-based firm specializing in early cancer detection. It has received US$30 million in bridge funding from Tencent Investment, the corporate venture arm of Tencent Holdings.
🇰🇷 South Korean AI startup Liner has closed an US$18.9 million series B round. Participating investors included Atinum Investment, Capstone Partners Korea, and Industrial Bank of Korea.
M&As
Startups that are raising funds
Behind the Glasswall
We’re wrapping up our 2024 series in Manila
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Thoughtful Tidbits
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