Mega-rounds above $100M in size drive the bulk of activity in Asia.

Investment to Asian VC-backed companies reached an all-time high in Q3’15, as Asian startups raised $13.5B across 373 deals.

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Q3’15′s funding was 181% higher than the total in the same quarter a year prior.

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Top 12 rounds account for over half of Asian funding

Mega-rounds drove the bulk of the funding in Asia, as the 12 largest deals of Q3’15 combined for more than $7.8B in funding, including a total of $3B alone across a couple of deals to car-hailing company Didi Kuaidi. Overall, there were 7 rounds that were $500M+ in Asia in Q3’15.

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500 Startups was the most active VC in Asia in Q3’15

Thanks to its participation in a flurry of early-stage rounds, 500 Startups was the most active VC in Asia in Q3’15. Sequoia Capital’s China and India arms rounded out the top 3 with investments in and in China, and OYO Rooms and BankBazaar in India, among others.

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China remains the hottest country in Asia

Investment in Chinese startups exploded in Q3’15, reaching $9.64B in funding on 110 deals. The top cities in terms of activity were Beijing (33 deals, $1.33B funding), Shanghai (23 deals, $1.6B funding), and Shenzhen (14 deals, $761.9M)

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India deal activity tops 100 for second straight quarter

Investment activity reached five-quarter highs in India as startups raised $2.78B on 135 deals. The three largest deals went to One97 Communications, Snapdeal, and Olacabs. The top cities in terms of activity were Bangalore (34 deals, $397.4M funding), Mumbai (28 deals, $413.1M funding), and Gurgaon (20 deals, $250.2M funding).

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