Singapore
There were 52 transactions in the month, the lowest this year, that raised $781m.
1
Ant Group-owned payments firm 2C2P trims losses by 83% in 2023
2
SE Asian IPO fundraising plunges 60% in first half as Indonesia slumps
3
Thai auto sector reels under subsidies for Chinese EV makers
4
Shanghai launches $14b funds to ramp up IC, AI, biomedicine sectors
5
Private equity giant Apollo pumps $700 million into Sony Music
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Greater China
The month saw 7 megadeals garnering almost $1.8 billion in funding or 62.1% of the total deal value.
India
June’s proceeds of $2.2 billion marked a nearly 18% month-on-month growth.
While the capital haul was a 4X increase from Apr, it fell 16% from a year ago.
However, startup fundraising for the first five months of 2024 held up despite the slump.
Top six startups together raked in $1 billion or 53% of the total deal value in the month.
On a year-on-year basis, the funding value dropped by about 69% from April 2023.
Startup fundraising had a strong start in Q1 thanks to the three billion-dollar deals in March.
The deal volume at 115 during the month was highest since Sept 2022.
Larger-scale investments remain scarce as only one megadeal was registered last month.