The future is made of many different things

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FOMO Saturday

Hello there

There are many, many articles out there about the rise of this industry or that vertical - in fact, there’s an in-depth read on the semiconductor industry in the Thoughtful Reads section of this very newsletter.

Deep dives are great but sometimes we need to take a step back and realize that growth is happening across many different areas. Some may be going faster than others, but every sector is moving forward. Today’s biggest deals run the gamut from internet infrastructure to healthtech and cybersecurity.

Holistic growth, man. Can’t beat it.

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.

-- Winston
 


 

THE BIGGEST DEALS BY COUNTRY

 

🇸🇬 Princeton Digital Group: The Singaporean investor, developer, and operator of internet infrastructure raised US$500 million. Investors include the likes of Mubadala, The Ontario Teachers’ Pension Plan, and Warburg Pincus.

🇭🇰 Amber Group: This Hong Kong-headquartered crypto firm has raised a US$200 million series B+ round. The round was led by Temasek Holdings.

🇮🇱 Cheq: The Israeli cybersecurity company closed a US$150 million series C round, with Battery Ventures, Phoenix Insurance Company, Tiger Global Management participating.

🇮🇳 MediBuddy: This cashless digital healthcare platform raised US$125 million in a successful series C round, from Alteria Capital, Bessemer Venture Partners, and FinSight Ventures, among others.

🇨🇳 DECANS: This firm, which focuses on the research and development and manufacturing of high-performance orthopedic implants and surgical tech systems, has closed a US$79 million series B round.

Here’s the complete list of this week’s funding chart: 124 deals worth over US$1.6 billion.

 


 

M&As

 

🇮🇳 Agrima Infotech India, a company focused on AI and natural language processing, was acquired by BigBasket for an undisclosed amount.

🇮🇳 Artivatic, an AI-based insurtech platform, was acquired by insurance firm RenewBuy for an undisclosed sum.

🇮🇳 Great Learning has acquired professional services firm Superset for an undisclosed amount of money.

🇸🇬 Fintech firm Wallex has been acquired by cross-border business facilitator M-DAQ for an undisclosed sum.

 


 

STARTUPS THAT ARE RAISING FUNDS


Fundraising is hard. To make things slightly easier, we’ve compiled this list of fundraising startups for our subscribers. Do you run a startup that’s raising at the moment or know someone who does? Sign your company up for listing here.

🇸🇬 KarmaV enables organizations of any scale to build their brand as an employer, simplify the recruitment process, measure and improve the effectiveness of the core recruiting metrics and workplace diversity goals with its proprietary cognitive automation engine.

🇮🇩 Handyman Smart System is a Indonesia-based smart system software and hardware provider. Its platform can accommodate homes, offices, and hotels.

🇻🇳 Zen Tech Asia is a startup that integrates health and wellness with innovative tech, making holistic healthcare accessible on demand.

You can find the full list of fundraising startups in Asia over here.

 
 

KILLER PITCH DECKS

1️⃣ A real estate platform used this pitch deck to raise US$10 million

Opendoor is a US-based digital platform that makes real estate-related transactions easier for home sellers and property buyers. It used this pitch deck to land US$10 million in series A money from Y Combinator and Khosla Ventures. The deck states upfront what the company does, while highlighting its core team’s expertise on the second slide. It then addresses pain points in the space that Opendoor aims to resolve via a three-step digital solution.
 

2️⃣ This educational esports platform’s pitch deck got 500 Startups’ attention

Founded in 2018, GamerzClass calls itself the “Netflix for gamers.” The startup offers a platform for gaming videos and tutorials featuring professional esports athletes. It used this pitch deck at a 500 Startups Demo Day to bank US$150,000 in pre-seed funding. The deck begins by pointing out key problems that amateur gamers face and then dives into how GamerzClass’ offerings could help improve the esports experience. The pitch deck also outlines how the company’s user base and revenue traction has grown over time.
 

3️⃣ A seed-stage edtech firm’s pitch deck

Orphicy is an Ahmedabad-based education startup that offers online courses based on the school curriculum and national competitive examinations in India. Earlier this year, it raised US$325,000 in seed funding using this pitch deck. It begins with evaluation criteria points that capture investors’ attention. It then highlights the projection for the growth of the edtech market in the next 10 years. The deck then introduces Orphicy’s key members of by presenting the team’s diverse experience in education and tech.

 


 

EXCLUSIVE LISTICLES

 

Lists of most active investors in the region

China | India | Indonesia | Japan | Singapore | Southeast Asia
 

List of top-funded startups in Asia

China | India | Indonesia | Israel | Japan | Hong Kong | Singapore | South KoreaVietnam
 

List of largest exits in Asia

China | India | Indonesia | Singapore | Southeast Asia

 


 

THOUGHTFUL READS

 

1️⃣ Walking the data-driven talk is tough

Being a “data-driven organization” has been popular for a while now, but many companies still struggle with it. This Harvard Business Review article takes a look under the hood at why this is the case, and steps needed to overcome those barriers.
 

2️⃣ Running a startup - while your country is being invaded

With the Russian invasion of Ukraine underway, there are obviously pressing problems facing the world. But how are things going in the startup world? This Sifted article talks to founders and VCs to find out how they’re trying to keep on keeping on despite the wildly uncertain landscape.
 

3️⃣ Inclusivity is in the details

The startup world has - more or less - awoken to how vital diversity is to an organization’s health. But even those with the best intentions might still inadvertently do or say things that could marginalize those different from them. Find out more about these subconscious biases and how to overcome them in this Harvard Business Review article on how to be a more inclusive leader.
 

4️⃣ Back to basics

I’ve always been a fan of long-term and sustainable processes. Quick wins are nice, but building a life or business strategy based entirely on these fleeting moments has always seemed like a fool’s errand to me. Union Square Ventures’ Fred Wilson thinks firms that focus on the fundamentals will succeed no matter which way the wind blows.
 

5️⃣ Semiconductor chips supply: low; industry funding: high

We’re many months into what has felt like a perpetual shortage of semiconductor chips, but that lack of supply is worsening extremely high demand to create an environment of abundant venture funding.

Did these eye-popping figures shock you? Share this with a friend who would enjoy this week’s funding news as much as you do. 😉

If you liked today’s edition, give us some feedback here.

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Tech in Asia’s newsletters are handcrafted daily with love - and sometimes powered by good kopi. 
Today’s edition was written by Winston Zhang. It’s edited by Arpit Nayak.


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