A step towards a zero-carbon economy

Getir, Oxyzo Financial Services, SayurBox, and more startups raised funding this week. [Read from your browser]( FOMO Saturday Hello {NAME} Here’s something cool: We recently entered a partnership with global nonprofit organization CDP (formerly Carbon Disclosure Project) to encourage more tech startups and VCs in Southeast Asia to publish environmental disclosures. To that end, we launched an environmental disclosure pulse check for businesses - the first of its kind in Asia - where participating companies will be showcased on a [landing page]( on Tech in Asia’s website to celebrate them joining us in building a zero-carbon economy. All you have to do to be a part of this initiative is complete [this survey](. Side note: make sure to also [subscribe to The Offset]( our monthly greentech newsletter that highlights how tech and startups are tackling the global climate crisis. (We’re working on crafting more content about how VCs and tech startups in the region are pushing toward carbon neutrality - stay tuned!) In the meantime, 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 🇹🇷 Getir: The Turkey-based fast delivery startup got US$768 million in series E funding from Abu Dhabi Growth Fund, Alpha Wave Global, Mubadala Investment Company, Sequoia Capital, and Tiger Global Management. 🇮🇳 Oxyzo Financial Services: The Indian smart financing solution provider scored US$200 million in series A funding from Alpha Wave Global, Creation Investments, Matrix Partners India, Norwest Venture Partners, and Tiger Global Management. 🇮🇩 SayurBox: The Indonesian e-grocery startup [bagged US$120 million in series C money]( from Alpha JWC Ventures, Global Brain Corporation, International Finance Corporation, Northstar Ventures, Astra International, and Syngenta Group Ventures. 🇨🇳 Kaadas: The China-based smart-lock maker secured US$94.5 million in series C funding from Asia Investment Fund Management, Costone Capital, Cowin Capital, Morgan Stanley, and Yijian Investment. 🇯🇵 Terra Drone: The Japanese drone and urban air mobility tech company raised US$70 million in series B money from Kyushu Electric Power, Mitsui & Co, SBI Investment, Seika Corporation, and Tokyu Land Corporation. Here’s the complete list of this week’s funding chart: [137 deals worth over US$2 billion](. --------------------------------------------------------------- M&As 🇮🇳 Clovia, an Indian online lingerie firm, was [acquired by Reliance Retail Ventures in a US$125 million deal](. 🇮🇩 Indonesia-based edtech platform Belajar Tumbuh Berbagi - also known as Bolu - was [acquired by local ecommerce major Bukalapak for US$1 million](. 🇰🇷 Iwa Trip, a South Korea-headquartered travel platform for kids, was acquired by local travel super app MyRealTrip for an undisclosed sum. 🇸🇬 Singapore-based babycare brand Naturebond was [acquired by local ecommerce roll-up firm Rainforest]( for an undisclosed amount of money. 🇮🇳 India-headquartered IoT solutions firm Clean Slate was [acquired by local B2B ecommerce enabler Bizongo]( for an undisclosed sum. 🇮🇳 Indian freelance platform GigIndia was [acquired by local payment app PhonePe]( for an undisclosed amount. 🇰🇷 Avatye, a South Korea-based adtech firm, was acquired by local lockscreen ad platform provider Buzzvil for an undisclosed sum. 🇮🇳 India-based parenting network Tinystep was acquired by local parenting platform BabyChakra 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](. 🇸🇬 iPiD is a Singapore-based startup that helps banks, fintech firms, and payment systems make cross-border payments as easy as sending a text message or scanning a QR code. 🇲🇾 LiveIn is a Kuala Lumpur-headquartered startup addressing the urgent issue of affordable housing across the region by transforming existing properties into affordable rental homes. 🇸🇬 Loominous Studio is a Singapore-based startup that is building a B2B fashion production platform that allows brand owners and merchandisers to visualize, customize, and organize production for their collections on demand. You can find the full list of fundraising startups in Asia [over here](. --------------------------------------------------------------- KILLER PITCH DECKS 1️⃣ The deck an AI firm used to close a US$3.5 million seed round Docsumo is an AI-powered document reader that helps businesses make automated decisions based on unstructured documents such as financial statements, tax returns, and insurance policies. Earlier this year, it used [this pitch deck]( to raise its second round of seed funding. The deck is well structured with good mix of visuals such as illustrations, figures, and charts as well as content. It shares the big idea behind Docsumo, stressing on the current pain points of document processing. 2️⃣ A data engineering firm’s pitch deck scored it US$19 million in series A money Ascend is a data engineering firm that offers a platform for self service, autonomous data pipelines. In 2019, the US-based startup used [this pitch deck]( to secure series A funding in a round led by Accel. The deck introduces Acscend’s leadership team and outlines the opportunities in the big-data industry, detailing the challenges in the scene and explaining what it was like before big data came along. 3️⃣ The pitch deck that got the attention of Andreessen Horowitz and Facebook US-based Fivetran is an automated data integration platform that offers over 150 fully managed and automated connectors for databases, applications, events, files, and functions. The startup used [this pitch deck]( to secure its series B funding in 2019. The pitch deck has a consistent flow, beginning with an explanation of the problems around data integration and going on to describe the solution that Fivetran provides. It also features a graph that outlines the company’s competitive edge. --------------------------------------------------------------- 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 Lessons from scaling Stripe and Notion As someone who's been an early-stage startup employee more than once, First Round partner Cristina Cordova is intimately familiar with the perils of startup building. She shares her thoughts on how to do so tactically in [this First Round Review piece](. 2️⃣ Empowering individuals via capital Lightspeed Venture Partners’ Mercedes Bent penned her thoughts on the record-smashing year that 2021 was for her firm and outlined her investment focus for 2022. Her priority? Giving power to the people. Read how she intends to do this in [this blog post](. 3️⃣ Keep it simple, stupid Despite being 60 years old and having 35 years of experience as a VC under his belt, Union Square Ventures’ Fred Wilson admits that he still gets some things wrong. His advice for anyone else who finds themselves constantly making mistakes? Keep it simple. Read his thoughts in [this blog post](. 4️⃣ How to prepare your company for the future What makes a company “future ready”? [This article]( on Harvard Business Review analyzes the revenue of top companies across multiple industries to figure out what makes a leading company. 5️⃣ How this VC became a VC Harlem Capital’s Henri Pierre-Jacques tweeted about how he got to where he is today, detailing the key moments and lessons he learned from his stints at Goldman Sachs, Bank of America, and eventually his current role as a VC. Read the full 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 Arpit Nayak. Copyright © 2022 Tech in Asia, All rights reserved. 63 Robinson Road, Singapore 068894