A REVOLUTIONARY 1.78 BILLION USD WAS RAISED BY SOUTHWEST ASIAN STARTUPS IN JULY
A REVOLUTIONARY 1.78 BILLION USD WAS RAISED BY SOUTHWEST ASIAN STARTUPS IN JULY: Setting a new record for the area, Southeast Asian entrepreneurs raised an astonishing $1.78 billion in fundraising in July. The $845 million investment made by Alibaba in the e-commerce site Lazada was the main factor behind the increase in investments.
Startups in Greater China and India, on the other hand, encountered difficulties this month. India saw a three-year low in investments, while Greater China saw a 13.1% decline in investment activity.
Additionally, tensions between the US and China increased after US President Joe Biden issued an executive order limiting certain US investments in critical Chinese technology.
Endowus, a platform for wealth management, just secured $35 million from respectable investors like Citi Ventures and MUFG Innovation Partners. The expansion and development of the platform will be further supported by this investment.
Blue Planet Environmental Solutions, a provider of waste management solutions, also received money from Malaysian private equity firm Bintang Capital Partners. Blue Planet will be able to grow its business and improve its environmental activities thanks to this financing.
By acquiring the fintech companies CapBridge and 1exchange, FOMO Group made a huge impact on the industry. The agreement’s financial details are still secret.
A website for listing properties called Lamudi Indonesia is actively looking for purchase options to improve its ecosystem and turn a profit this quarter.
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Allozymes, a deep tech business, obtained Series A funding from backers like Xora Innovation and the European venture capital firm Seventure Partners. The advancement and commercialization of Allozymes’ cutting-edge technology will be aided by this investment.
BondbloX raised up to $10 million in a Series B2 funding round, while Baskit, AHG Lab, Sinbad, DotBio, BintanGO, Neurophth Therapeutics, Henan Derry New Energy Automobile, Gracell Biotechnologies, Beijing Sinoscience Fullcryo Technology, Intas Pharmaceuticals, Paytm, and Meesho also raised money or struck important deals.
It’s crucial to remember that this post is based on information that is readily available to the public and is not meant to be financial advice. Before making any investments, investors should do their own research and due diligence.