Swiggy swings into decacorn territory

Yusys Technologies, Redefine Meat, Jin Mobility, and more startups also raised funding. [Read from your browser]( FOMO Saturday Hello {NAME} , I haven’t been feeling 💯 this week. I spent most of it nursing a bad cold (didn’t catch the ‘Rona, thank goodness) and - as one does when sick - I’ve been ordering soupy dishes via my food delivery apps. Speaking of food delivery apps, Swiggy’s been having a better week than me. The Indian food delivery giant [secured US$700 million in late-stage funding]( bringing its valuation up to US$10.5 billion. Now excuse me while I escape under the covers. 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. -- Nathaniel --------------------------------------------------------------- THE BIGGEST DEALS BY COUNTRY 🇮🇳 Swiggy: The India-headquartered food delivery giant [bagged US$700 million in late-stage funding]( from ARK Impact Asset Management, Alpha Wave Global, Axis Asset Management, Baron Funds/Global Advantage Fund, Ghisallo, IIFL AMC, Invesco, Kotak Investment Advisors, Prosus Ventures, Qatar Investment Authority, Segantii Capital Management, and Sixteenth Street Cap. 🇨🇳 Yusys Technologies: The Chinese enterprise solutions firm raised US$176 million in post-IPO funding from undisclosed investors. 🇮🇱 Redefine Meat: The Israeli alternative meats startup secured US$135 million in series B money from Hanaco Ventures and Synthesis Capital. 🇰🇷 Jin Mobility: The South Korea-headquartered mobility company got US$64 million from Yuanta Investment in its series A funding round. 🇮🇩 Aruna: The Indonesia-based marine and fishery startup [scored US$30 million in series A money]( from AC Ventures, East Ventures, Indogen Capital, Prosus Ventures, SIG China, SMDV, and Vertex Ventures. Here’s the complete list of this week’s funding chart: [103 deals worth over US$1.9 billion](. --------------------------------------------------------------- M&As 🇮🇳 Indian business-to-business ecommerce firm Indiamart [acquired local accounting firm Busy Infotech for US$66 million](. 🇰🇷 South Korea-based digital media firm Plannery was acquired by local online grocery app Market Kurly for an undisclosed sum. 🇮🇳 Hyderabad-headquartered software solution and product development company Letmobility was acquired by co-living startup Isthara Coliving for an undisclosed amount. 🇮🇳 Indian ecommerce roll-up firm Mensa Brands acquired a majority stake in gardening solutions brand TrustBasket for an undisclosed sum. 🇰🇷 Basbai, an artificial intelligence-based medical company in South Korea, was acquired by biotechnology firm Animal Industry Data Korea for an undisclosed amount of money. 🇮🇳 Indian content creation startup AppX [acquired local social media influencer platform Superpage]( for an undisclosed sum. 🇮🇩 Sirclo, an Indonesia-based ecommerce enabler, [acquired Warung Pintar]( an Indonesian startup that focuses on building solutions for mom and pop shops, known locally as warungs, for an undisclosed amount. --------------------------------------------------------------- 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](. Datality Lab is a Singapore-based startup that helps users to practice sales pitches, project presentations, and job interviews at any time and from anywhere. Zen is a Ho Chi Minh-headquartered health and wellness startup that connects users with certified massage therapists for at-home treatment. XMachines is an Indian robotics and AI startup that builds AI-driven robots enabled with smart attachments to perform various farming operations. You can find the full list of fundraising startups in Asia [over here](. --------------------------------------------------------------- KILLER PITCH DECKS 1️⃣ This D2C skincare brands’ pitch deck helped it raise seed funding Foxtale is an Indian direct-to-consumer skincare brand that focuses on innovations in formulations and unique ingredient sourcing processes to solve skin-related problems faced by women. Last year, it used [this pitch deck]( to raise US$730,200 in seed money. The deck provides a clear market statement and elaborates on problems relating to skincare. It also highlights how Foxtale differs from existing skincare brands through formulations and trials. 2️⃣ A chewable supplement firm used this pitch deck to raise US$6 million Power Gummies is an India-based nutraceutical player producing bear-shaped chewable nutritional supplements. It used [this pitch deck]( to raise its series A funding round this year. Power Gummies’ deck is overall visually appealing, from the way it presents its data to its overall look and feel, which suit its products’ image. The deck also provides market demographic data and nutritional metrics on each of Power Gummies’ products. 3️⃣ The pitch deck that a plant-based meat startup used to score series A funding Founded in 2019, YouKuai is the creator of a plant-based ground pork product called Zrou. Last year, the company used [this pitch deck]( to bag US$7.3 million in series A funding. The deck has a neat design, with a content list that helps readers understand the flow of content. It also offers lots of details about YouKuai, the amount of information is not overwhelming. --------------------------------------------------------------- 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]( List of largest exits in Asia [China]( | [India]( | [Indonesia]( | [Singapore]( | [Southeast Asia]( --------------------------------------------------------------- THOUGHTFUL READS 1️⃣ A guide to proper startup management training Early-stage startups focused on finding product-market fit and building the companies foundations often put management training on the back burner, leaving their staff to figure it out for themselves. However, that approach can lead to several problems as these startups scale. [This First Round Review article]( discusses how startups can tackle the challenge of management training to avoid that. 2️⃣ Why are investors still pouring funds into startups amid a tech stock slump? Soaring interest rates and the uncertainty brought by the umpteenth Covid-19 variant have deflated stock prices. Despite that, startup investors don’t seem to be slowing down in their investment activity. [This article]( on The New York Times discusses why. 3️⃣ Beating the SaaS startup “Rule of 40” The “Rule of 40” is an investing principle, which adds a SaaS company’s revenue growth rate with its profit margin. If the sum exceeds 40%, the company is deemed a worthwhile investment opportunity. However, there’s a way to beat this rule. Read this [blog post]( on BitsForDigits to learn how. 4️⃣ How to build a strong foundation for your startup’s brand Having worked with hundreds of brands, First Round Capital marketing expert in residence Arielle Jackson knows the importance of focusing on the fundamentals of a startup’s purpose, positioning, and personality early. In [an exclusive interview]( Jackson shares her tips for building a strong branding foundation. 5️⃣ Predicting the next 12 months of startup valuations Practical Venture Capital founder Dave McClure tweeted his take on the next 12 months and how startup valuations could fluctuate during the period. Read the full Tweet thread [here](. 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](. [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 Nathaniel Fetalvero. It’s edited by Eileen C. Ang. Copyright © 2022 Tech in Asia, All rights reserved. 63 Robinson Road, Singapore 068894