Deal volume was the highest so far this year at 257.
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Asia PE-VC Summit 2023: The Middle East is in a position to spur investments in Asia
TikTok's rise in Southeast Asia spells trouble for US rival Snapchat
US readies rules to prevent China from cashing in on $52b chip funding
PE giant KKR asks Telecom Italia to extend deadline for grid bid
Hit by China-US tensions, GGV Capital to spin off Singapore-based Asia business
Singapore’s Growtheum Capital closes debut fund at $567m, a tad below target
Bold cash burn helps TikTok nearly triple 2022 revenue in Asia but losses widen
Malaysian pension fund KWAP launches $107m vehicle to invest in startups, VCs
Indonesian fintech startup Finantier said to have shut down
There were only two megadeals deals, among the 49 transactions in the month.
The minting of Zepto as India’s first unicorn in nearly a year was the only silver lining in the month.
E-commerce giant Lazada pocketed $845m from its parent Alibaba in July.
Investment sentiment at the growth-and late-stage funding lifts in July.
Startup funding in India had hit a low of $416m in June 2020.
There was only one megadeal in June.
There were 13 megadeals in June, compared with only five in May, that raised a combined $2.9b.
While deal value fell about 58% sequentially, deal volume remained almost flat.
East Ventures, which anchored at least four deals, was the most active investor.