Singapore
The amount raised from 63 transactions last month represents a 56% increase from Jan.
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Greater China
Privately-held firms raised $2.9b from venture investors in Feb., the lowest since May 2023.
India
Only one megadeal, raised by Shadowfax, was announced in the month.
The region’s startups raised $246m from 61 deals.
Investors started 2024 with a pinch of caution that steered them away from big-ticket transactions.
At 100, deal volume was up 32% over Dec when startups had scooped up $1.1b from 76 transactions.
The funding was buoyed mainly by the $634m that Lazada pocketed from parent Alibaba.
Greater China startups sealed 248 deals in Dec 2023—up 13.2% MoM. Yet, fundraising was down.
Growth-stage deals accounted for 75% of the deal value with $830m across 14 deals.
Deal volume was also the lowest so far this year.