Singapore
There were 52 transactions in the month, the lowest this year, that raised $781m.
1
Indonesia's eFishery, Singapore’s MoneyHero Group lay off staff
2
PE majors in talks for majority stake in Indian hospital chain: Report
3
Hyundai's planned $3b IPO celebrates its made-in-India success story
4
IPO-bound Shein may lose appeal as end nears for tax breaks
5
TPG NewQuest India MD Nitin Agarwal resigns: report
More Stories
L Catterton’s Asia chairman Chinta Bhagat steps down from role
Indosat’s potential sale of submarine cable and fibre assets may attract local bidders
Indonesia’s Volta plans to roll out EV scooters in more SE Asian markets
SE Asian startups left thirsting as funding drought persists into Q2
Chinese generative AI major Baichuan Intelligence snags over $691m in Series A round
Greater China
The month saw 7 megadeals garnering almost $1.8 billion in funding or 62.1% of the total deal value.
India
June’s proceeds of $2.2 billion marked a nearly 18% month-on-month growth.
While the capital haul was a 4X increase from Apr, it fell 16% from a year ago.
However, startup fundraising for the first five months of 2024 held up despite the slump.
Top six startups together raked in $1 billion or 53% of the total deal value in the month.
On a year-on-year basis, the funding value dropped by about 69% from April 2023.
Startup fundraising had a strong start in Q1 thanks to the three billion-dollar deals in March.
The deal volume at 115 during the month was highest since Sept 2022.
Larger-scale investments remain scarce as only one megadeal was registered last month.