Spread the love (and money)

PharmEasy, Enechain, Kashcade, and more raised funds this week. [Read from your browser]( FOMO Saturday Welcome to Tech in Asia's free Saturday VC newsletter! Get full access to our subscribers-only premium content and other insightful analysis on the big and messy topics of Asia’s tech and startup community by [registering here](.  --------------------------------------------------------------- Hello {NAME} Is it just me or is everyone holidaying now? I just got back to work from military reservist, and all I saw on Instagram during my downtime were friends in Japan, South Korea, and other countries I wish I were in. Maybe I shouldn’t complain. I’m going to Vietnam, Thailand, and Taiwan this year, and might yet add Malaysia and Indonesia to that list. Most of it is for work, though, like our [first big conference in Ho Chi Minh City at the end of the month](. Nevertheless, it should all be pretty fun and adventurous. The money in this week’s newsletter is also making its rounds. While a lot of deals originate from India, we do see companies from countries all across Asia Pacific popping up as well. Just like my travel plans for the year, eh? Spread the love, I say. 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 that recently took place. -- Winston  --------------------------------------------------------------- THE BIGGEST DEALS BY COUNTRY  IN PharmEasy, an India-based online healthcare aggregator, secured US$216 million in series G funding from Manipal Education and Medical Group, CDPQ, EvolutionX Debt Capital, and Goldman Sachs, among other investors. JP Enechain is an energy marketplace operator in Japan. It received US$38.4 million from Chubu Electric Power Miraiz, DCM, and Energia, among others, for its series B round. AU Australia-based Kashcade helps innovative businesses get capital. It closed a pre-series A round of just under US$15 million. The investors were undisclosed. CN Chinese firm Oclean focuses on the research, development, and production of oral care products. It raised a US$13.7 million series C round from Yangzhou Hangji High-tech Zone Industrial Fund. KR Modusign is a South Korean electronic contract service. The firm got nearly US$13 million in its series C round, which saw Atinum Investment, DSC Investment, Industrial Bank of Korea, and SBVA participating. Here’s the complete list of this week’s funding chart: [60 deals worth over US$750 million](.  ---------------------------------------------------------------  M&As  IN Medica Synergie, which owns Kolkata-based Medica Superspecialty Hospital, has been acquired by Manipal Hospitals, the second-largest hospital chain in India, for over US$160 million. KR The Carpet is a South Korean imported car management platform. It has been acquired by Chatbot Mobility 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.]( ID Yomii is an Indonesian platform that aggregates all real estate investment opportunities into a single application. AE Through enhanced diagnostics, improved patient care, and more effective public health interventions, Digibiomics strives to optimize healthcare delivery and outcomes. ID Pedis Care provides one-stop healthcare at home for people with chronic diseases. You can find the full list of fundraising startups in Asia [over here](.  ---------------------------------------------------------------  BEHIND THE GLASSWALL Fundraising often involves reaching out to multiple contacts, many of whom founders might not have dealt with before. To provide some transparency to this process, we created Glasswall, a platform for founders to give feedback and recommendations on investors. Check out the full list [here](. - ✅︎ “Sharp investor with an uncanny ability to ask the important questions. He did not waste time going through the mechanical questions of "what's your business model" or "who is your customers". Early in the conversation, he understood our business, and asked pointed questions.” - [Read more]( - ❌ “Connected with the Singapore based Principal. Had higher expectations. Instead got junior level responses and questions from him. He appeared uncertain and incapable of taking a definitive position even with simple yes or no questions. After dealing with these guys for a while you can tell when someone doesn't really have a clue and are just giving answers by rote. It wasn't the worst experience but overall a letdown.” - [Read more]( - ✅︎ “Quick replies from the Investment Team on go / no-go. Seemed to be quite sure in consumer sector about what they want to invest in and how to look at a brand.” - [Read more](  --------------------------------------------------------------- TECH IN ASIA’S FOUNDERS MEETUP: VIETNAM ON MAY 30 Newly added! Get to know the names behind the stories at TIA Office Hour Want to pick the brains behind Tech in Asia and learn how to catapult your startup into the spotlight? Now's your chance! By popular demand, we’ve added an all-new TIA Office Hour with our founder Willis Wee, editor-in-chief Terence Lee, engagement editor Peter Cowan, and technology journalist Thu Huong Le. Ask them anything about building a tech publication, covering Asia’s startup scene, and making their marks in the industry. This is just one of the many opportunities awaiting you at Founders Meetup, where you can connect with top investors, founders, and industry leaders shaping Vietnam's tech scene. Limited seats are available, so don't miss out. [Use the code VNTIASPECIAL10 to get 10% off your ticket now!]( ---------------------------------------------------------------  EVENTS HAPPENING You can also check out a curated list of trending tech events [over here]( and Tech in Asia’s signature events [here](.  [Saigon Summit 2024 : Charting Vietnam’s Tech Future on May 30]( As Vietnam’s tech scene takes center stage, it’s your chance to get front row seats to witness - no, shape - the innovation that’s drawing attention globally. Join Razer's Min-Liang Tan, Xendit's Tessa Wijaya, and Seek Asia's Peter Bithos at Saigon Summit as they share their insights on building empires, expanding regionally, and unlocking talent potential. [Get your ticket now!](  [Tech in Asia Conference Kuala Lumpur 2024 : Malaysia on The Rise on July 24-25]( Are you seeking funding for your startup? TIA Conference KL's Investor Hour is your chance to connect directly with leading investors in a series of bespoke 1-on-1 meetings. Skip the endless email chains and pitch your startup face-to-face to those who can make a difference. Spaces are limited, so [submit your application today]( and get ready to make your mark! [Product Development Conference (Jakarta, 25-26 June 2024)]( In this edition of Tech in Asia’s flagship conference for product talent, get access to keynote presentations, interactive Q&As, and networking opportunities that help you to build, launch, and scale world-class products. Early-bird tickets are gone, but fear not—you can now grab first-release tickets at 50% off! Better yet, bring 2 friends and secure an extra 20% off. [Secure your spot now.]( [Tech in Asia’s Founders Meetup in Vietnam on May 30]( Investors and founders from Vietnam, Taiwan, and beyond have already secured their spots at our Founders Meetup in Vietnam! Will you be joining them? Don’t miss this opportunity to connect with people from across the tech ecosystem, learn about new trends and opportunities, and be part of the exciting energy of Vietnam's tech scene. Limited seats are available, so don't miss out. [Use the code VNTIASPECIAL10 to get 10% off your ticket now!]( [Saigon Summit Exclusive : Investor Hour on May 30]( We know that fundraising is a daunting task. So let us take the stress and guesswork out of the process and turn it into a rewarding experience by opening doors to the right investors at Investor Hour. It’s time to convince them that investing in your startup isn’t a smart move - it’s the smartest one. [Sign up NOW to secure your slot!]( --------------------------------------------------------------- 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 Korea]( | [Vietnam](  ---------------------------------------------------------------  THOUGHTFUL READS  1️⃣ Another angle to look at the gender discussion In the US, the nonprofit sector has long been female-dominated, with an estimated 70% to 75% of workers identifying as women. However, men are still disproportionately represented in leadership roles in the industry. [This piece on Harvard Business Review]( explores this oddity. 2️⃣ How to build a billion-dollar company, according to Zapier founder and CEO Wade Foster The subheader provides enough information. [Here’s the article](. 3️⃣ Not everyone suffers the same way As with most parts of the world, startup funding in central and eastern Europe is down. But some countries are being hit harder than others - Poland and Hungary in particular. Find out more in [this Sifted article](. 4️⃣ When are best practices not actually the best? … It’s when we blindly follow them, without taking specific circumstances and contexts into consideration. [Learn from this founder’s story]( on Entrepreneurship Handbook. 5️⃣ Play it again, Sam A lot of attention is paid to first-time founders, but what about the challenges of serial founders? You’d think that repetition would lead to fewer pain points, but some persist while new ones can also pop up. Find out more in [this First Round Review article](.  --------------------------------------------------------------- [ADVERTISE]( | [SUBSCRIBE]( | [HIRE]( | [FIND JOBS]( P.S. Don't miss out on the biggest tech news and analysis. Add newsletter@techinasia.com to your address book, contacts, or safe sender list. Or simply move us into your inbox. Too many emails? Switch to a different frequency or get new content through our [preference center]( or [unsubscribe](. You can also break our hearts and remove yourself from all Tech in Asia emails over [here](  ---------------------------------------------------------------  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 Dhania Putri Sarahtika. Copyright © 2024 Tech in Asia, All rights reserved. 63 Robinson Road, Singapore 068894