India
Startup funding fell 12.5% in 2025 to $14.24 billion.
1
China's Zijin Gold to buy Canadian miner Allied Gold for about $4b
2
China's Hansoh Pharmaceutical launches $600m convertible bond
3
Vietnam Digest: Nissha picks USM Healthcare stake; Tasco partners GenAI Fund
4
Hillhouse picks 17% stake in HK-listed Modern Dental Group for $120m
5
Biopharma firm Corxel secures $287m to advance lead product pipeline
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Greater China
The Dec score was likely cyclical, as investors wrapped up deals ahead of a new year.
Singapore
Fintech was the most active sector by both value and volume.
The largest transaction of the month was MoEngage’s $180m Series F round.
Five megadeals raised $1.1b in Nov compared to 12 such deals securing $2.8b in Oct.
The funding total was buoyed by a handful of mid-sized rounds.
In Oct 2025, Indian startups collectively secured $1.83b across 100 deals.
RMB financing remains the main pillar supporting the Greater China market.
There were no megadeals in the month.
The largest deal in the month was struck by Zepto, which raised $450m.
