Big day in the healthcare industry

Foundation Healthcare Holdings, Allorion Therapeutics, Crowdport, 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} For all its faults, I really like living in Singapore. I complain a lot about it, but hey, complaining is practically our national hobby anyway. People have asked me if I’d ever consider migrating overseas but after being entrenched here for so long, it’s hard to imagine leaving behind all the familiar sights and sounds. Moving into a new place would most likely be a good experience, but it would be intimidating nonetheless. I’ve been crafting these newsletters for some time now, so it’s nice that I’m finally writing it in the same week that a Singaporean medical group has gotten the biggest fundraise. Of course, we’ve got startups in other countries taking home some nice bags too, but let me have this moment at least. 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 and M&As that recently took place. --------------------------------------------------------------- THE BIGGEST DEALS BY COUNTRY  SG Foundation Healthcare Holdings, a medical platform based in Singapore, [raised US$110 million]( in bridge funding from SeaTown Holdings. CN Allorion Therapeutics is a Chinese drug developer that secured US$50 million in its series B round from 3SBio Inc., Ince Capital, LongRiver Investments, Lichen Investment, Octagon Capital, Qiming Venture Partners, and TF Capital. JP Crowdport is a comparison service for social lending platforms in Japan. It bagged US$25.2 million in series D money from Anri, B Dash Ventures, Cygames Capital, Itochu Technology Ventures, Mitsubishi UFJ Capital, Mizuho Bank, Mizuho Capital, FFG Venture Business Partners, and Global Brain Corporation, among others. IN HealthPlix is an Indian platform that provides software to help doctors manage daily tasks. It got US$22 million in series C funding from Avataar Ventures, Chiratae Ventures, JSW Ventures, Kalaari Capital, Lightspeed Venture Partners, and SIG Venture Capital. ID Based in Indonesia, Broom is an automotive financing startup that [scored US$10 million]( for its pre-series A round from AC Ventures, BRI Ventures, MUFG Innovation Partners, Openspace Ventures, and Quona Capital. Here’s the complete list of this week’s funding chart: [85 deals worth over US$447 million](.  ---------------------------------------------------------------  M&As  SG NovoChat, a Singaporean omnichannel messaging solution, has been acquired by EasyStore for an undisclosed amount.  ---------------------------------------------------------------  STARTUPS THAT ARE RAISING FUNDS Fundraising is hard. To make things slightly easier, we’ve compiled this list of fundraising startups for our subscribers. Do you run a startup that’s raising at the moment or know someone who does? Sign your company up for listing [here](. ID Master Course is a platform that provides educational services to students in Indonesia. MY Progressture Energy is a Malaysian clean energy provider. JP Nagano Rewards is a Japan-based startup that specializes in rewards fulfillment. You can find the full list of fundraising startups in Asia [over here](.  ---------------------------------------------------------------  KILLER PITCH DECKS 1️⃣ This pitch deck helped a Vietnamese fintech firm secure US$10 million in debt funding F88 is a secured lending firm that aims to bring affordable and instant access to financial services for unbanked and underbanked individuals and MSMEs. It used [this pitch deck]( for its debt round in 2022. The presentation starts with a business highlights slide that explains the company’s key details. The rest of the deck covers F88’s corporate culture, values, mission, and products, as well as the track record of its corporate development. 2️⃣ An Uber acquiree landed US$1.7 million in seed money via this pitch deck Founded in 2012, Careem offers ride-hailing, restaurant and grocery delivery, online shopping, e-bike booking, and digital payments through a single app in the greater Middle East region. The Dubai-based firm used [this pitch deck]( to raise its seed round in 2013. The presentation details the company’s business model and margins through a simple chart and shares the revenue, growth, customer feedback, future plans, and potential exits. Careem was acquired by US ride-hailer Uber in 2020 for US$3.1 billion. 3️⃣ Nykaa’s US$700 million IPO pitch deck In 2021, the beauty and fashion e-retailer launched its US$714 million initial public offering in India. Before going public, Nykaa made its case to investors in the country with [this pitch deck]( which sifts through the company’s history, financials, and plans for growth. The Mumbai-based firm also used this deck for its pre-IPO presentation. Shortly after, Nykaa received bids for 40x the number of shares it planned to sell to anchor investors for its listing. ---------------------------------------------------------------  EVENTS HAPPENING You can also check out a curated list of trending tech events [over here](. - [Tech in Asia’s Product Development Conference 2023]( from May 16 to May 17 Tech in Asia’s Product Development Conference is back! This year’s edition, which will be held in person in Jakarta, will feature over 20 industry leaders, experts, and innovators sharing the latest trends and strategies that can accelerate product development growth. [Register now]( and you can get 50% off. This early bird promo is available for a limited time only, though, so don’t miss out! ---------------------------------------------------------------  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 Trust is like a broken mirror The banking crisis over the last few days has caused several issues to rear their ugly heads, leaving many organizations unsure how to move forward . [This post]( on Medium lays out some guidance on treasury management in response to the situation. 2️⃣ From start to finish Looking for more success stories about product-market fit? [This case study]( from First Round Review gets into the nitty-gritty of how Binti, a software provider for child welfare agencies, found its fit. 3️⃣ Changing the lens Meta just announced that it’s laying off several thousand more employees - a rather dreadful sign that these hard times won’t be ending anytime soon. [This Harvard Business Review article]( gives some insight into how workers can change their perceptions for the better after losing their jobs. 4️⃣ Time to switch it up It’s cold out here in the funding winter, and like any situation that involves an extreme climate event, preparation is key. Here are [some tips]( as to how companies can start replanning amid the economic downturn. 5️⃣ What makes them tick? While many businesses focus on general consumers, it's important not to overlook B2B clients. Check out [this article]( to better understand what B2B customers really want.  --------------------------------------------------------------- [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 © 2023 Tech in Asia, All rights reserved. 63 Robinson Road, Singapore 068894