A Singapore-based greentech firm gets the greens

Doma, Pintu, Vayyar Imaging, and more startups also raised funds this week. [Read from your browser]( FOMO Saturday Hello {NAME} We had our annual Product Development Conference on Wednesday and Thursday this week. I was fortunate enough to emcee the conference on its second day, and it was fascinating to hear the best and brightest talk about the biggest trends in the tech world. Even though the Product Development Conference is over, I’m excited about our upcoming event. In August, for example, we’re bringing physical events back with [SYNC]( Asia’s premier tech summit, which will be taking place in Bali, Indonesia. At this exclusive event, attendees will reconnect and reinvent ideas outside the boardroom with other C-suites through a series of networking programs and keynote sessions. Who knows? You just might meet someone who’ll lead your next fundraising. Speaking of fundraises, Singapore-headquartered Envision Digital topped our list of investment deals this week with its [US$210 million series A round](. The greentech firm plans to use this capital injection for its global expansion as well as research and development. It’s also looking to explore new strategic partnerships and to accelerate its net-zero carbon goals. 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 🇸🇬 Envision Digital: The Singapore-based greentech startup [bagged US$210 million in series A money]( from Government of Singapore Investment Corporation and Sequoia Capital China. 🇨🇳 Doma Biopharmaceutical: The Chinese drug developer raised US$144 million in a series A funding round from Biocytogen, CMBI, China Life Investment, PICC Financial Services Company, SDIC Venture Capital, and Suzhou Industrial Park Science and Technology Innovation Fund. 🇮🇩 Pintu: The Indonesia-headquartered crypto exchange [scored US$113 million in series B funding]( from Intudo Ventures, Lightspeed Venture Partners, Northstar Group, and Pantera Capital. 🇮🇱 Vayyar Imaging: The Israeli 4D-imaging radar company secured US$108 million in series E financing from Atreides Management, Battery Ventures, Bessemer Venture Partners, ClalTech, GLy Capital Management, Koch Disruptive Technologies, and MoreVC. 🇮🇳 PhysicsWallah: The India-based edtech platform got US$100 million in series A funding from GSV Ventures and WestBridge Capital. Here’s the complete list of this week’s funding chart: [103 deals worth over US$1.7 billion](. --------------------------------------------------------------- M&As 🇮🇩 Singapore-based used-car platform Carro [acquired Mitra Pinasthika Mustika Rent]( the rental unit of Indonesian automotive group Mitra Pinasthika Mustika, for US$54 million. 🇰🇷 Seoul-headquartered fashion brand InstantFunk was acquired by local digital advertising agency Directors Company for an undisclosed amount. 🇮🇳 Gupshup, an Indian conversational messaging unicorn, [acquired OneDirect]( an omnichannel customer service platform for brands in India, Southeast Asia, and the Middle East, for an undisclosed sum. 🇰🇷 Now in Paris, a South Korean pre-order platform for luxury brands, was acquired by local online retailer N.code for an undisclosed amount. 🇮🇳 Bengaluru-based performing arts platform Kafqa Academy acquired local online dance company Verb Studio for an undisclosed sum. 🇮🇳 Indian healthcare provider Pristyn Care acquired Delhi-based healthtech platform Lybrate for an undisclosed amount. 🇮🇩 Razer Fintech, the fintech unit of gaming titan Razer, [acquired PT E2Pay Global Utama]( an Indonesian business-to-business-to-consumer digital payment platform, 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](. 🇹🇭 Oho is a Bangkok-based foodtech firm that aims to solve the global food-waste problem by allowing retailers to sell surplus food and promotional items to consumers via its online platform. 🇮🇩 Portoval is a Jakarta-headquartered startup that enables investors to connect and share insights on stocks, crypto, gold, and more with each other. 🇻🇳 Zen is a Vietnam-based mobile app that uses AI to help users book massage services with professional therapists. You can find the full list of fundraising startups in Asia [over here](. --------------------------------------------------------------- KILLER PITCH DECKS 1️⃣ InnoVen Capital partner breaks down Revolut’s US$2.3 million seed-stage pitch deck Fintech unicorn Revolut raised US$2.3 million in seed money in 2015. In [this video]( InnoVen Capital Southeast Asia’s Ben Cheah breaks down the deck that Revolut used to secure that round. He also discussed what he thought was good about the deck and what could have been better. 2️⃣ VC breaks down Vajro’s US$8.5 million series A pitch deck The India-headquartered startup, which helps merchants create their own mobile shopping app, raised a US$8.5 million series A funding round in January. In [this video]( Tin Men Capital’s Murli Ravi assessed the pitch deck that Vajro used to raise that round. Ravi, the VC firm’s co-founder and general partner, dove into what the deck did right and what needs work. 3️⃣ VC breaks down Rosetta.ai’s deck that secured $2.4 million in funding Founded in 2016, the Taiwan-based startup uses AI to help fashion-focused ecommerce companies ramp up their order values and conversion rates. Altara Ventures’ Huiting Koh discusses the deck that Rosetta.ai used to secure its pre-series A round in [this video](. She shared what she liked about it and what she would want to improve. --------------------------------------------------------------- IN PARTNERSHIP WITH How much do you understand your users? When it comes to data, most companies face the same issue. It’s not difficult to collect large amounts of data - the challenge lies in empowering every team in the company to get real-time, actionable insights from this information. Twilio Segment enables developers to unify data from every customer touchpoint. This empowers marketing, sales, and customer service leaders with the insights they need to design and build relevant and data-driven customer engagement. Find out more about how Twilio can help enrich your customer engagement during its session on June 16, after Tech in Asia’s Product Development Conference 2022. [Register for it here](. --------------------------------------------------------------- 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 new era of infrastructure Vertical clouds, which are focused on a specific workload or cloud service, are on the rise. They’re far more sophisticated, efficient, and cost-effective. Read more about the growing phenomenon in [this A16z blog post](. 2️⃣ Will the tech crash lead to a startup talent crunch? Predictiv co-founder and partner Jonathan Low observed that the market for tech talent has not shrunk as much as the equity markets. But he posits that the relative stability of bigger tech firms could become a more attractive perk for those in the startup world. Read his thoughts in [this blog post](. 3️⃣ What it takes to be a successful CEO today Once upon a time, keeping a board of directors happy was the mark of an effective CEO. Today, it takes much more to be a successful leader. Read [this Harvard Business Review piece]( to learn more. 4️⃣ A Lightspeed Scout’s journey as a VC Cheryl Campos, head of venture growth and partnerships at investment firm Republic, shared her founder story with Mercedes Bent, a partner at Lightspeed Venture Partners. Campos is part of the VC firm’s Lightspeed Scout program, which aims to help early-stage investors. Read more in [this Medium article](. 5️⃣ What to ask for at a VC-backed startup According to Contrarian Thinking founder Codie Sanchez, 50% of startup stock options eventually become worthless. [In a Twitter post]( she talked about what to ask for if you work at a startup to prevent this from happening to your shares. [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 and Joy Tirkey. Copyright © 2022 Tech in Asia, All rights reserved. 63 Robinson Road, Singapore 068894