A banger week for Indian startups

Sunsure Energy, HealthKart, KreditBee, and more companies 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} Man, what a good last few days for Indian startups. Four out of our top five highest-funded firms hail from the country, with the sole exception being a company from China. It’s not really that surprising, given how quickly the country’s tech scene is growing. I often find myself marveling at some of the innovations produced by Indian startups. Hopefully, though, none of them can replace writers like myself - cue dramatic music as ChatGPT approaches. 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. -- Jonathan  --------------------------------------------------------------- THE BIGGEST DEALS BY COUNTRY  IN Sunsure Energy: The Indian firm, which specializes in large-scale rooftop solar solutions and ground-mounted projects, raised US$400 million through a strategic investment from Partners Group. IN HealthKart: The India-based online health and fitness store got US$135 million in series H funds from A91 Partners, Kae Capital, and Temasek Holdings. IN KreditBee: Based in India, KreditBee is a personal loan platform for young professionals. It secured US$80 million in series D money from MUFG Bank (Mitsubishi UFJ Bank), Mirae Asset-Naver Asia Growth Fund, Motilal Oswal Private Equity, NewQuest Capital Partners, and Premji Invest. CN Safe Medical: The Chinese drug and medical-device detection service provider scored US$69.5 million during its series D round. Investors include China's State Owned Capital Venture Capital Fund, FOF Capital, Jianxing Medical Fund, SDIC Venture Capital, Taiping Medical and Health Fund, and Zhongjin Qide. IN DeHaat: The India-based agtech platform took home US$60 million in fresh series E funds from Lightrock India (Aspada), Prosus Ventures, RTP Global (ru-Net), Sofina, and Temasek Holdings. Here’s the complete list of this week’s funding chart: [101 deals worth over US$1.2 billion](.  ---------------------------------------------------------------  M&As KR Pay Crux Company, a South Korean cloud retail technology firm, has been acquired by AI-focused VD Company. The financial details of the deal were not disclosed. IN Linecraft.AI, an India-based industrial IoT startup, has been acquired by business consulting firm Wipro for an undisclosed amount. ID Kiddo.id, an edtech platform based in Indonesia, was acquired by Flying Cape, an online booking and advisory platform for tuition and enrichment classes. The financial terms of the deal are not available ID Logol, an Indonesian digital logistics platform, has [been acquired by Haulio]( a container haulage platform for an undisclosed sum. IN India-based eAbyas, a provider of e-learning services, has been acquired by Moodle, an online learning management system, for an undisclosed price.  ---------------------------------------------------------------  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](. VN AirCity is a Vietnamese property management startup that uses technologies such as IoT and AI to build [Industry 4.0]( residential communities. SG Kilde is a Singapore-based fintech firm that arranges unique private credit deals with consumer finance companies for investors. ID Cengkih is an Indonesia-based online marketplace that facilitates cross-border transactions for spices and coffee beans. You can find the full list of fundraising startups in Asia [over here](.  ---------------------------------------------------------------  KILLER PITCH DECKS 1️⃣ This South Korean oven-pizza brand scored US$25 million with this deck Gopizza [raised US$25 million]( during its series C round with the help of its pitch presentation. The deck starts off strong, with a clear visual about the company’s sales and store growth, while also showing its business model in a succinct manner. 2️⃣ This pitch deck helped a Singapore-based fintech firmget US$900,000 in seed funding Coda Payments offers unbanked users an alternative payment service called Codapay and a shop that sells game credits. [This deck]( first used in 2012, helped the company get US$900,000 in seed money from Golden Gate Ventures, Toivo Annus, and Cento Ventures. It features a relevant use case showing the problem in the payments industry and why Coda Payments’ solution works well to plug that gap. 3️⃣ A Vietnamese fintech startup closed its third seed round of US$1.2 million with this deck Anfin enables users to buy and sell stocks listed on the country’s bourses. The company took home US$1.2 million after using [this deck]( to pitch to investors such as Goodwater Capital and Global Founders Capital, among others. The deck has a clean, straightforward look that makes it easy to grasp Anfin’s key points. 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 Courage over confidence The author of [this article]( on Harvard Business Review, spoke to many women who said that self-doubt led them to avoid risks. However, success sometimes means having “courage in the absence of confidence.” It seems like a daunting prospect in some cases, but perhaps it’s really worth a shot. 2️⃣ Getting snug Product-market fit. This term has been bandied about a lot, but what does it really mean? [This article]( - part of a new series on First Round Review - shares some insights on how Airtable, a cloud collaboration service, achieved product-market fit. 3️⃣ Consumer health opportunities I often wonder what the world would be like if Covid-19 never happened. For firms dealing with consumer health, the pandemic must’ve upended many things and forced changes all around. That said, change usually creates opportunities - [here are some to take note of](. 4️⃣ Bait and hook Discounts galore and gifts for all! This phenomenon has become so common that it’s basically like Christmas all year-round for consumers. These are some examples of incentives that businesses can offer, and knowing how to build the right ones is key to scaling a company. If you’re interested in learning more, check out [this podcast episode]( (with a transcript included). 5️⃣ Zero tolerance? Bullying, at this point, seems to almost be a part of life, with everyone from young kids to working adults reporting such incidents. Because of conventional power dynamics, most people assume that bullying happens from the top down, particularly in the workplace. But what if it’s upward - a direct report is tormenting their boss? Here’s [how to spot it and what to do](.  --------------------------------------------------------------- [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 Jonathan Chew. It’s edited by Dhania Putri Sarahtika and Eileen C. Ang. Copyright © 2022 Tech in Asia, All rights reserved. 63 Robinson Road, Singapore 068894