The world's a dealmaking stage, and here are this week's players

Neo Asset Management, Tenderd, Grinergy, and more 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} Variety is truly the spice of life. I’d be totally bored if I had to eat the same food or listen to the same music day in and day out. I have my favorites, sure, but without adding new stuff into the mix, I think I’d probably go crazy. I went to New Zealand about two years ago, and all I basically ate were dishes with different meats: beef, lamb, you name it. While that was great the first few days, I started getting a huge craving to have some spice in my meals, something I’m very used to with the food here in Singapore. After a while, I managed to grab some food at a Chinese restaurant, and funnily enough, that felt like one of the best meals I had during that trip. Whenever I write the daily newsletters or this VC edition, I feel the same way too. It’s nice to see new and different players across the spectrum of deals each week, and this week embodies that. 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 that recently took place. -- Jonathan  --------------------------------------------------------------- THE BIGGEST DEALS BY COUNTRY  IN Neo Asset Management, an India-based financial advisory platform based in India, has raised US$304.6 million for a new investment fund. The capital came from various high-net-worth individuals and family offices. AE Tenderd is an analytics platform based in the United Arab Emirates. It has raised US$30 million in series A money from A.P. Moller Holding, Liquid 2 Ventures, Nakhla Ventures, Quadri Ventures, Soma Capital, Waed Ventures, and Saurya Prakash. KR South Korean rechargeable battery startup Grinergy has signed a US$28 million investment contract with a global investment group from North America. HK The Sandbox, a metaverse project by Animoca Brands, has [raised US$20 million]( from Kingsway Capital, Animoca Brands, LG Tech Ventures, and True Global Ventures. CN Volant Aerotech is a Chinese startup that develops vertical take-off and landing aircraft. It secured US$13.8 million in a series A round from Dunhong Capital, Nanshan SEI Investment, QF Capital, and Welight Capital. Here’s the complete list of this week’s funding chart: [71 deals worth over US$941 million](.  ---------------------------------------------------------------  M&As  IN ET Money, an Indian digital wealth management platform, has been acquired by 360 One Wam for US$43.4 million.  ---------------------------------------------------------------  STARTUPS THAT ARE RAISING FUNDS Fundraising is hard. To make things slightly easier, we’ve compiled this list of fundraising startups for our subscribers. We are launching a [new feature]( to send fundraising startups directly to investors’ inboxes. There’s no better time to list your startup, and you can do so [here](. MY A Malaysian startup helps transform organic waste into high-protein insect feed and nutrient-rich fertilizers ID This Indonesian startup offers logistics services that make use of instant deliveries on electric vehicles SG Based in Singapore, this firm builds software to help airlines manage their cargo operations You can find the full list of fundraising startups in Asia [over here](.  ---------------------------------------------------------------  BEHIND THE GLASSWALL Fundraising often involves reaching out to multiple contacts, many of whom founders might not have dealt with before. To provide some transparency to this process, we created Glasswall, a platform for founders to give feedback and recommendations on investors. Check out the full list [here](. - ✅︎ “Raising money from this investor has been a highly positive experience. They have shown exceptional dedication by devoting their time to us and even traveling to the airport to meet us when our schedule was extremely packed. They are always willing to help answer our questions promptly, ensuring we have the support we need. The project leaders maintain a close relationship with us, which has been invaluable.” - [Read more]( - ❌ “It'll be a long and fun journey but ultimately results in a poor payoff. Every conversation and reply takes around 2 weeks, so be prepared to invest 6 months into the abyss.” - [Read more]( - ✅︎ “Raising money with Foxmont was a well-worth-it experience. They not only challenged us to see our commitment to our vision and mission, but asked meaningful questions that we had not thought about. Their team was also very proactive and responsive in answering questions we had with them with regard to new terminologies and concepts that were not so clear to us at the time. While the due diligence took some time, I think it was fair and reasonable. 10/10 would not have not changed a thing from the process we had gone through.” - [Read more](  --------------------------------------------------------------- TECH IN ASIA X AIRWALLEX STARTUP NIGHT ON JUNE 19 Be in the room where it happens In Singapore's fast-paced startup scene, standing still means falling behind. This exclusive networking mixer is where you'll connect with the movers and shakers from Keppel Logistics, Janio, Carro, Coinhako, and more, who are shaping the future of Singapore's tech landscape. Forge relationships with potential mentors and investors, and be among the first to explore Airwallex's latest program designed to empower startups. We're handpicking a select group of ambitious founders who are ready to break free from the noise and make a real impact. Ready to rewrite your startup story? [Apply for an invite today.](  ---------------------------------------------------------------  EVENTS HAPPENING You can also check out a curated list of trending tech events [over here]( and Tech in Asia’s signature events [here](.  [Tech in Asia Conference Kuala Lumpur 2024 : Malaysia on The Rise on 24 - 25 July]( Investor Hour, formerly known as Investor-Founder Speed Dating, is designed to facilitate impactful connections between investors and founders. This one-on-one networking experience offers a curated space for exploring investment opportunities, seeking guidance, and forging partnerships. Limited slots are available, [apply today!]( [Product Development Conference (Jakarta, 25-26 June 2024)]( Attention! Attendees from 500+ companies, such as Grab, Baidu, EY, TikTok, and more are attending PDC 2024! Last chance to get 20% off your PDC ticket; this offer ends on June 19th. [Snap up your ticket]( now or risk FOMO! [FutureMakers Challenge in collaboration with BRI (Jakarta, 25-26 June 2024)]( Are you passionate about fintech and its potential to revolutionize the banking industry in Indonesia? Join the FutureMakers Challenge powered by Bank Rakyat Indonesia (BRI). Don't miss the chance to win prizes worth hundreds of millions of rupiah and tickets to the PDC 2024 for all applicants! Register before June 16, 2024, [here](. [Tech in Asia x Airwallex Startup Night on June 19]( In Singapore's fast-paced startup scene, standing still means falling behind. This exclusive networking mixer is where you'll connect with the movers and shakers from Keppel Logistics, Janio, Carro, Coinhako, and more, who are shaping the future of Singapore's tech landscape. Ready to rewrite your startup story? [Apply for an invite today!]( [Tech in Asia Conference Jakarta on Oct 23-24]( Where is the next Silicon Valley? It might just be Jakarta! Indonesia's young tech talent is booming, and Tech in Asia Conference Jakarta puts you right in the center of the action. Join us at #TIAConferenceJKT to connect with 4000+ region's brightest minds, 150+ hottest startups, and hear straight from 80+ experts. Early-bird tickets are now available! [Snatch the 75% discount while it lasts!]( --------------------------------------------------------------- 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 A long journey Remember the good old days with CD-ROMS? Adam Miller, founder of Cornerstone On Demand, had an idea to use them to offer training courses. His company, which provides cloud-based people development software, has come a long way and offers a myriad of different solutions for businesses to improve their operations. Learn more about the firm’s story [here](. 2️⃣ Wha-...how? Ever looked at a startup that seems like a train wreck and wondered how it even got any funding in the first place? [This post on Medium]( offers some examples, so click through if you’d like to know how it happened. 3️⃣ Valuation approximation Determining the post-deal value of a startup is often influenced by how the deal is structured, among other factors. Each case can have different levels of complexity, so if you’re interested in a slightly more complicated one, check out [this Reddit post](. 4️⃣ The SC’s guide to the VC galaxy The Malaysian Securities Commission has issued the first edition of its “Practical Guide on Venture Capital (VC) and Private Equity (PE).” You can check out the document [here](. 5️⃣ What goes up Fintech has long been a star sector in the VC space, but could that be coming to an end? After a tough season, industry players are saying that fintech is now at “the bottom.”Check out [this article]( to find out more.  --------------------------------------------------------------- [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. Copyright © 2024 Tech in Asia, All rights reserved. 63 Robinson Road, Singapore 068894