India
Existing investors Grand Anicut Fund, and 8i Ventures also backed Blue Tokai.
Reliance Retail's adoption of digital rupee can become playbook for Asia
Adani crisis ignites Indian contagion fears, credit warnings
Indonesia's eFishery to step up US focus in exports push
Japanese VC Global Brain sets up $39m fund with Meiji Yasuda Life Insurance
SG-based The Parentinc looks to turn profitable next year, even as losses zoom nearly 25% in 2021
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Bangladesh B2B startup ShopUp secures $30m debt financing
Singapore’s Blockchain Founders Fund eyes over 200 deals with $75m second fund
BYJU’s fires another 1,200 employees, more layoffs to follow
Indonesian co-working space CoHive declared bankrupt by court
Indonesian warung enabler GudangAda leans on lending, POS services in revenue push
Greater China
Nantong Industry Investment Fund led the investment in Wison Heavy Industry.
The month saw nine megadeals that raised nearly $3.2 billion, accounting for 58% of the total value.
Financial services pipped software to emerge as the most funded industry in the month.
Deal value fell 24% due to a continued shortage of big-sized transactions.
There were 131 PE-VC transactions in the month, versus 87 in Oct.
Singapore
Beam is part of Surge’s seventh cohort of 15 SE Asian and Indian startups.
There were five transactions worth $100m and above in the month.
EV startup GAC AION’s Series A deal accounted for half of the month’s $5.1b deal value.
October witnessed at least four mega deals including the $250m raised by BYJU’s.
